HP’s Planned Layoffs to Exceed 55,000
HP CFO reveals that layoffs will exceed an additional 5 percent of the planned 55,000 layoffs by October.
Aug 23, 2015 11:26 PM EDT
Alibaba launches data center in Singapore
Alibaba launches headquarters for overseas operation and data center in Singapore as part of their $1 billion effort to edge out US rival, Amazon Web Services.
Oil price crash-hit Kazakhstan's currency tumbles over 23% in free-float trading
Suffering from oil price crash, Kazakhstan has allowed free-float trading in its currency Tenge, which fell steeply 23% creating tremors in the central Asian economy.
Background checks of Uber drivers not extensive enough - prosecutors
Billion-dollar ridesharing company, Uber, accused of misleading consumers by lax background checks of drivers.
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Iran's huge potential now open for global investments as crisis-hit nation comes out of sanctions
With the five nations led by the US lifting the sanctions on Iran, the underdeveloped oil and gas sector in the fourth largest oil reserves country offers huge investment and growth potential for global companies.
Aug 21, 2015 3:39 AM EDT
McDonald's hit with labor and tax malpractice allegations during Brazil hearing
McDonald's has been hit with allegations suggesting they have been avoiding tax payments and abusing employees during a hearing in Brazil.
Aug 21, 2015 3:37 AM EDT
US to anti-money body: Delete soccer warning
US delegates of Finacial Action Task Force urges the organization to delete soccer warning, according to sources.
Aug 21, 2015 2:57 AM EDT
iSight charts $100M fundraising plan ahead of IPO in 2016
iSight Partners will raise $100 million funds for its business expansion plan. The company is also going public in 2016. It has made agreements with business partners for effective distribution of its intelligence on potential cyber attacks.
Aug 21, 2015 2:25 AM EDT
Growth rate of new businesses slow; Women-owned firms increasing - census
The U.S. Census Bureau Data shows that there is a 27 percent increase of women-based business in America from 2007 to 2012.
Aug 21, 2015 2:09 AM EDT
VW owners are in danger - study
A paper detailing a security vulnerability in Volkswagen security technology is being presented in Washington DC after being blocked for two years by the UK High Court
Aug 21, 2015 2:06 AM EDT
Indiana University and Adidas Signs a $53.6M Deal
Adidas and Indiana University extended their contract to another eight years and signed the deal at $53.6 million.
Aug 21, 2015 1:55 AM EDT
Hyundai, Kia changes China executives after sales slump
Hyundai-Kia Motors change corporate structures in the hopes of improving market performance in China. The company plans to improve its selling strategies to cope with the ever-changing needs of the Chinese market with the help of new executives.
Aug 21, 2015 1:53 AM EDT
H&M Sales Rise by 16%
H&M increases sales in July by 16%, up 4% from analysts' predictions. It is already their tenth consecutive month of enjoying sales rise of at least 10 percent. H&M in its press release said that it will release its updated third quarter report on September 15 of this year.
Aug 21, 2015 1:50 AM EDT
Big Data in Food Production: FarmLogs helps farmers increase crop yields using flow sensors and satellite imagery
Jesse Vollmar had created a software called FarmLogs to help farmers increase production through cloud computing, enlisting significant data they needed using flow sensor technology and monitoring farm fields by using satellite imagery.
Aug 21, 2015 12:49 AM EDT
IMF dashes hopes of China; Yuan still out of fund's currency basket
The IMF board has decided to keep the current basket of currencies as it is and China will have to wait for one more year to make its currency a part of the fund.
Aug 21, 2015 12:39 AM EDT
Gazillion points not needed, Get free flight for just 4,500 Avios points through British Airlines
There may have been changes and speculations on how much points one must have to avail free flights. But British Airways Avios offers an easier and a lot cheaper way to avail these “free” flight programs.
Aug 20, 2015 3:47 AM EDT
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