Excellus BlueCross BlueShield health insurance has been hacked; 10 million members affected
Excellus BlueCross BlueShield health insurance confirmed on Wednesday that their IT systems has been hacked. The attack dates back to 2013. Around 10 million personal information are sneaked from their databases.
Sep 10, 2015 7:53 AM EDT
Hong Kong tycoon to launch Vuclip in South Africa; Will compete against Netflix and ShowMax
Richard Li, the Hong Kong billionaire, will compete against Netflix and ShowMax in South Africa. His company, PCCW Media purchased Vuclip last March making the VOD service available in South Africa next week.
Sunac' ratings unchanged: Moody's
After the strategic partnership with Yurun, there wouldn't be immediate change in Sunac China Holding's ratings, according to rating agency Moody's. Investors of Sunac reacted negatively pushing share price down, while shares of Yurun posted encouraging rise. Sunac's CEO Sun Hongbin stepped down, but will remain as Chairman of the group.
Fiat Chrysler Jeep Renegades recalled due to software glitch
Thousands of Jeep Renegades had been recalled by Fiat Chrysler due to the possible attacks on drivers which can be done remotely. This imposes great danger to the driver's safety, not only meeting an accident but also forcibly getting his car by unsuspecting attackers.
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Better earnings for Apple-associated EMIS Group
Since EMIS Group partnered it Apple, its revenues became higher. Patients are better served and could monitor their every health aspects on their own.
Sep 10, 2015 7:09 AM EDT
Versa Cars Recalled by Nissan
Nissan announced the recall of its Nissan Versa Sedans and Versa Notes due to complaints from its car owners. Federal Regulator demanded the motor company to do something good with the said cars or be liable for fines.
Sep 10, 2015 7:05 AM EDT
Investors withdraw from US Oil Fund amid rising volatility
The high volatility in the global oil market has led to huge offloading in 'The US Oil Fund.' 19.3 mn shares were sold off making it a record weekly redemption since the ETF inception in 2006. global economy slowdown particularly adverse conditions in China market are adding to the volatility in oil price.
Sep 10, 2015 7:01 AM EDT
Uber Plans Expansion to 100 Cities in China and Take on Biggest Chinese Rival
Uber plans to expand to 100 more cities in China when it raised $1.2 billion to contest China’s number one taxi-hailing company Didi Kuaidi.
Sep 10, 2015 6:35 AM EDT
After 3 attempts, ICE to launch Singaporean Futures Exchange in November
After withdrawing from launching plans of Singapore Futures exchange for three times, ICE has set a date for launching it on 17 November. It'll offer five five futures contracts in Brent, gasoil, gold and two contracts in Yuan currency.
Sep 10, 2015 5:59 AM EDT
UK Stocks Rises for the Third Day Since Turn of the Week, Glencore Leads Miners Higher
UK stocks rises for the third day closing at 6,2229.01, up 1.35 percent yesterday marking this week as the best week since April
Sep 10, 2015 5:46 AM EDT
Facebook Business Page gets a Mobile Friendly Update
Facebook announced on Tuesday that the new update will allow businesses to make full use of the platform to engage with their customers.
Sep 10, 2015 5:16 AM EDT
Chinese leaders concern over state of economy
For the first time ever since Chinese economy started slowing down, the country's leaders expressed concerns over the current situation in the domestic market. China President Xi Jinping called the economy slowdown as 'The New Normal.
Sep 10, 2015 4:53 AM EDT
Surfwear Chain Quiksilver Inc. files for bankruptcy, Plans to Give control to Lender Oaktree Capital Management LP
Surfwear chain Quicksilver Inc. filed for bankruptcy and plans to hand control over to Oaktree Capital Management LP.
Sep 10, 2015 3:32 AM EDT
Glencore scraps dividend, to sell equity, assets to bring down debt to $10bn
Switzerland-based commodities giant Glencore has taken up several measures to reduct its debt burden to $10bn level. The company has decided to scrap final and interim dividends in addition to selling a part of equity and other assets to raise funds.
Sep 10, 2015 3:01 AM EDT
Japan's Abe may focus on regulatory reforms
Shinzo Abe's coming back to power as Prime Minister of Japan for a second term raising many questions about the reforms in the world's third largest economy. Economists predict that Abe would focus on more regulatory reforms in labor market.
Sep 10, 2015 2:49 AM EDT
Macy's To Close 40 Underperforming Stores To Focus on Ecommerce
Macy’s Inc plans to close 40 physical stores and focus on eCommerce operations. Macy's Inc recently announced its plans of closing 35 to 40 underperforming stores to focus its operation on online shopping.
Sep 10, 2015 1:49 AM EDT
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