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Around 200 people arrested in China for spreading stock market rumors

Chinese authorities arrested 197 people for spreading rumors that can lead to troubles. The rumors they have spread included a man jumping to death in Beijing because of the drop in stock market.

Sep 01, 2015 9:40 PM EDT


Tesco plans to sell Iron Maiden's The Book of Souls in vinyl

Big supermarket chain Tesco has long been selling records but recently, it plans to add a more modern format into their offered products.

Sep 01, 2015 9:35 PM EDT


Walmart reduces working hours at some stores after raising pay, thus raising cost

Walmart cuts working hours on 4,600 stores. Reports said this is due to Walmart's $1B lost when the retail company increases its workers' wages last April.

Sep 01, 2015 5:18 AM EDT


Athens goes for gas grid privatization

Greece is in favor of selling stake in energy grid to Azerbaijan government company. This is subject to the outcome of general elections and clearence of third round of bailout package. Greece aims to be energy transport hub for eastern European nations.

Sep 01, 2015 5:09 AM EDT


Alibaba Pictures lost $24M in first semester amid twists and turns

Alibaba Pictures Group, the film-making unit of the Chinese e-commerce giant, announced Friday that it lost 151.8 million Yuan ($24 million) in the first half of 2015.

Sep 01, 2015 4:38 AM EDT


Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus

10 F1 teams are under a total $300 million worth of debt, with Lotus accounting to 64.2% of the debts. Just last month, Lotus was ordered by the courts to pay almost £600,000 of debts. This was after it failed to pay 27 of its bills.

Sep 01, 2015 4:35 AM EDT


The US stocks turn attractive on lower PE ratios

After the market downfall, many US stocks turn attractive as they're no more over prices equities. The lower PE ratios make it attractive for investors.

Sep 01, 2015 4:28 AM EDT


Disney knows The Force is strong with Star Wars merchandise as it plans to push sales

Disney will aggressively promote its Star Wars merchandise using YouTube’s “unboxing” platform and ABC to hype up fans for the upcoming movie.

Sep 01, 2015 4:04 AM EDT


Boeing flexes its muscle to control supplier power

Warren Buffett's acquisition of Precision CastParts Corporation had urged other investors to bet on commercial aircrafts. On the other hand, Boeing Company, the aviation giant is evidently delaying transactions of its suppliers' merging and acquisition deal.

Sep 01, 2015 3:33 AM EDT


Japan inflation weakens consumer purchasing power in July

Consumers spent less on primary commodities due to inflation rate. With unemployment that is still present Japanese thinking twice how to spend their money wisely.

Aug 31, 2015 10:03 AM EDT


Pentagon taps Boeing, Apple, Harvard to develop wearable tech for soldiers

The Pentagon gave $75 million to a consortium of giant tech and research company to create the next level wearable tech.

Aug 31, 2015 9:54 AM EDT


Uber hires 2 hackers to secure its fleet

Uber has recently hired two other technical experts in the person of Chris Valasek and Charlie Miller. Both will be working on Uber's Advanced Technology Center, which will work on vehicle safety and autonomy as well as mapping.

Aug 31, 2015 4:55 AM EDT


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