Original Content is King to Netflix's 'World Domination' Strategy
Streaming media provider Netflix is looking to produce its own original content instead of licensing properties from studios.
Aug 06, 2015 1:47 AM EDT
Citibank Under Investigation: CFPB Probes Student Loan Services
Citibank admits being under investigation for student loan practices. CFPB refuses to comment regarding the investigation.
Giant coal company Alpha Naturals seeks bankruptcy court protection
Alpha Natural Resources will file for bankruptcy court protection to allow them to continuously restructure their operation as well as their debt. The company believed that there is still future for them and the U.S. coal industry if they could cut down $3 billion of the company's debt.
Baltimore Homes Price Down, Rentals Up
Home prices in Baltimore plummeted but rentals soar due to numerous stall foreclosures. Sam Khater, deputy chief economist of CoreLogic, disclosed that in May alone 13.6% of the transactions belong to the real estate owned foreclosure.
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White House hosts first-ever Demo Day for startups; KIND founder Daniel Lubetzky invested $3M on three startups owned by women
Daniel Lubetzky announced in the White House Demo Day that he's funding three health food startups; 479 Degrees, GimMe Health Food and EatPops.
Aug 05, 2015 1:30 AM EDT
Greek stock market plunges sharply after re-opening
Greece's stock market plummeted when it re-opened Monday. The biggest casualties were banks which shed 30%.
Aug 04, 2015 11:56 PM EDT
New Yorkers not ok with $4B La Guardia Airport renovation
New Yorkers are asking why La Guardia Airport is scheduled for an upgrade worth 4 billion dollars when the city's public transport system is in bigger need of repair.
Aug 03, 2015 9:50 PM EDT
Iran plans to buy 90 jets per year: old fleet to be renovated
Iran plans to rebuild its aged fleet by purchasing 90 planes per year from Boeing and Airbus, as soon as Western economic sanctions are lifted.
Aug 03, 2015 9:00 AM EDT
Breaking the glass ceiling in China: How Zhou Qunfei of Lens Technology became the only self-made richest woman in China
Lens Technology made a public offering last March with $7.2B. Behind the company is China's richest self-made entrepreneur, Zhou Qunfei.
Aug 03, 2015 1:58 AM EDT
University of Phoenix under FTC scrutiny for possible unfair business practices
After 4 years of GI Bill, the Federal Trade Commission is investigating University of Phoenix for possible deceptive and unfair business practices involving military veteran students.
Aug 03, 2015 1:53 AM EDT
Chime Communications board okays GBP365M cash offer
The sports marketing business major's shares rose over a quarter as Providence Equity Partners, WPP made an offer.
Aug 03, 2015 1:27 AM EDT
H&H Group acquired John Swan & Sons for £8.2M; shares soar by 15%
John Swan & Sons' shares went up by 15% when H&H Group officially announced they are purchasing the livestock services.
Aug 02, 2015 10:19 PM EDT
Tinder all set for an IPO in late 2015, says parent company IAC; Joey Levin named as IAC's new CEO
Dating app Tinder as well as other brands under the Match Group banner are headed for an IPO, according to parent company InterActiveCorp.
Aug 02, 2015 10:08 PM EDT
Yelp CEO announces departure of Chairman Max Levchin
Yelp has announced that its chairman Max Levchin is leaving the position to focus on his startup business.
Jul 30, 2015 10:20 PM EDT
Amazon offers Amazon Dash for $5 to Premium customers
The Amazon Dash is now available for Premium customers for only $5. The Amazon Dash, the dongle you can stick anywhere in your household for quick and convenient ordering, is now on sale exclusively for Amazon Premium customers only.
Jul 30, 2015 8:24 AM EDT
Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?
Treasury Secretary Jack Lew writes to the US government alerting it on soaring debt burden. The world's largest economy is left with no option but to raise debt ceiling or face the risk of default.
Jul 30, 2015 5:11 AM EDT