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Eravacycline test failure plunges Tetraphase shares

It is a disappointing share decline for Tetraphase Pharmaceuticals Inc. when its manufactured drug, eravacycline failed to proved its efficiency to cure bacteria called superbugs. It may be better than Merck's ertapenem but not with Johnson & Johnson's levofloxacin.

Sep 11, 2015 4:45 AM EDT


Broadcast Music Inc. Earned Industry-Breaking $1B Revenue, $877 Million of Which Went to Affiliates

Broadcast Music Inc (BMI) announced Tuesday that it surpassed the $1 billion revenue mark, generating $1.013 billion over the fiscal year, which is the biggest in the industry.

Sep 11, 2015 3:32 AM EDT


Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices

Warren Buffett sold Exxon Mobil Corp. shares and bought refiner Phillips 66 stake due to plummeting oil prices.

Sep 11, 2015 3:22 AM EDT


Toyota investing $50 million in artificial intelligence for cars

Toyota announced their five years investment plan for research in the artificial intelligence sector with MIT and Stanford Univesity.

Sep 11, 2015 2:11 AM EDT


YouTube responds to advertisers clamor for more data transparency

YouTube is planning to give more option to advertisers when using their advertisement services including allowing third-party services.

Sep 11, 2015 2:07 AM EDT


MMI Holdings profit slips 10%

South African insurance company MMI Holdings' profit fell 9.8% for the year ending June. Market volatility, inflation rise and economic slowdown impacted the insurer's performance. As part of its diversification plan, MMI Holdings is expanding overseas and developing new products.

Sep 10, 2015 11:19 PM EDT


China Panda TV is Amazon Twitch.tv's nemesis

Amazon Twitch.tv will meet its difficult rival, Panda TV and will just be surprised. It will be facilitated by Wang Sicong, chairman of Prometheus Capital and son of Wang Jianlin, the wealthiest man in China and the chairman of Dalian Wanda Group.

Sep 10, 2015 9:46 AM EDT


HTC is being removed from a major index on Taiwan’s stock exchange on September 21

HTC is being removed from Taiwan Stock Exchange FTSE TWSE Taiwan 50 index days after the company reported its lowest revenue in 8 years.

Sep 10, 2015 9:31 AM EDT


Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential

Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.

Sep 10, 2015 9:08 AM EDT


TD Bank Group CEO to Exercise Options and Donate Acquired Shares to Charity

TD Bank Group CEO Tim Hockey will exercises 28,812 options and plans to donate the portion of his shares to charity.

Sep 10, 2015 8:55 AM EDT


Automotive Lean Manufacturing Techniques Revamp Wisconsin Maker of U.S. Navy Warships

With the use of lean manufacturing techniques from the automotive industry, a $100 million worth of investments, and a more engaged workforce, the Wisconsin shipyard where U.S. Navy's coastal warships are built was revamped.

Sep 10, 2015 8:44 AM EDT


BMW invests millions in a startup that parks your car

BMW invests an undisclosed amount in a startup offering valet service apps, ZIRX. BMW, the German automaker is investing millions in a new parking startup based in San Francisco.

Sep 10, 2015 8:34 AM EDT


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