Major oil companies layoff more employees due to U.S. crude oil price drop
It had been difficult for market commodities this week as U.S. crude oil price dropped down. Major oil companies are addressing this glitch by cutting off jobs extended to engineers and scientists this time.
Jul 27, 2015 9:56 AM EDT
Mutual funds and ETFs are dancing to the tune of Apple's stock
Apple stock's latest drop after results is pulling funds, ETFs lower; Apple with its largest market capitalization is significantly influencing funds, indices
All eyes on talks over bailout plan for Greece
Amidst threats from partymates, Greece's prime minister Alexis Tsipiras will hold negotiations with creditors on Tuesday over a third bailout plan.
Gold price meltdown continues; poised for further drop
Yellow metal dips below $1,100/oz; Dumping by China further pushing it down while research firms forecast price fall to continue.
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Flipboard raises new $50M fund for expansion - reports
Flipboard has reportedly confirmed receiving $50 million in new funding. The company is going to use the money on developing the product and the team, according to reports.
Jul 27, 2015 2:43 AM EDT
AT&T meets earnings estimates, clocks $33B revenues in Q2
With 2.1 milliion new wireless subscribers, AT&T's focus on high quality and high speed wireless service is paying off as it recorded 1.4% growth in revenues in the second quarter. Regulatory approval on its $48.5milllion acquisition of DirecTV is expected soon
Jul 24, 2015 5:24 AM EDT
Amazon reports strong Q2 gains, overtakes Wal-Mart in market value
Amazon overtakes Wal-Mart in market value after shares surge on big gains in the second quarter. The online retailing giant expects to further exceed expectations in the third quarter.
Jul 24, 2015 5:12 AM EDT
Walmart takes full ownership of e-commerce site Yihaodian in China
Walmart buys the remaining 49 percent stake in Yihaodian, a Chinese e-commerce website taking full ownership of the company.
Jul 24, 2015 5:07 AM EDT
LeBron James' SpringHill Entertainment teams up with Warner Bros. to produce TV, film and digital content
LeBron James teams with Warner Bros. to produce movies and TV programs. NBA superstar LeBron James announced on Wednesday he is teaming up with Warner Bros.
Jul 23, 2015 11:39 PM EDT
YouTube hires former MTV exec Susanne Daniels to create original content
YouTube announced the hiring of Susanne Daniels, former MTV executive as the vice president for YouTube Originals, to create a more original program content.
Jul 23, 2015 9:47 AM EDT
Bank of America CFO exits in management shake-up
In a move to restructure top management positions, Bank of America CFO Bruce Thompson and vice-chairman David Darnell to step down. Paul Donofrio was appointed as the new CFO.
Jul 23, 2015 9:06 AM EDT
Qualcomm suffers 50% drop in Q3 profit, to cut spending by $1.4bn
Qualcomm announces a restructuring plan to split design and patent-licensing businesses. It charts a strategic realignment plan to improve execution, financial performance and growth.
Jul 23, 2015 2:08 AM EDT
Apple reports strong sales but disappoints Wall Street
Apple's strong sales and profits in the third quarter did not impress Wall Street. Technology stocks fell, with lower than expected iPhone sales and weak outlook.
Jul 23, 2015 1:57 AM EDT
FCC Chairman endorses AT&T and DirecTV merger
Tom Wheeler, the chairman of the Federal Communications Commission is supporting the AT&T's $48 billion acquisition of DirecTV.
Jul 22, 2015 4:21 AM EDT
Unilever teamed up with Alibaba to penetrate e-commerce in China
Unilever had partnered with Alibaba to reach Chinese online consumers, especially in rural areas. The partnership will be the key for Unilever to offer its exclusive products from all over the world to Chinese consumers.
Jul 21, 2015 2:46 AM EDT
PayPal shares increase by 11%, now valued at about $50 billion on its return to NASDAQ
Digital payment processor PayPal’s value increased to $52 billion on its return to NASDAQ after breaking free from eBay.
Jul 20, 2015 11:19 PM EDT
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