Will $500-billion buying support restore normalcy in Chinese market?
The market capitalization melts by $3-trn as equities crash 30% in less than a month; State-owned banks step in with buying support; technical charts indicate further fall; economy slowdown a major concern; Asian stocks recover before Fed meeting; global investors shrug off turmoil in Chinese market
Jul 29, 2015 5:20 AM EDT
A family of treasure hunters discovered $1M worth of gold coins in Florida seaboard
The Schmitt family found a set of gold coins in a shipwreck identified to be the 'Capitpana' a cargo ship that sank 300 years ago in Florida.
London's Deliveroo sealed $70M funds to develop its food delivery service in Europe, Middle East and Asia
Deliveroo gained $70M funds from Index Ventures and Greenoaks Capital. The fund intends to develop its food delivery service in Middle East, Europe and Asia.
Disney may sell ESPN as a standalone service
Disney is considering selling ESPN directly to customers. Though it might be too expensive, ESPN is envisioned to become a business on its own.
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David Taylor is Procter & Gamble's new CEO
Company veteran David Taylor will be appointed CEO of the world's largest manufacturer of household goods. Outgoing CEO AG Lafley to remain as Chairman during the leadership transition period.
Jul 28, 2015 9:39 PM EDT
CFPB fines Citibank for illegal credit card practices
Citigroup's consumer bank to pay $700mn to consumers and $70mn to US govt Citigroup's consumer bank has been fined to pay $700milion for its illegal credit card practices.
Jul 28, 2015 6:51 AM EDT
Google offered $200 to $300M to Impossible Foods for plant-based cheeseburgers
Google plans to buy Impossible Foods offering the startup company $200 - $300 million. The company declined but was reportedly asking for more.
Jul 28, 2015 6:40 AM EDT
Fiat Chrysler slapped with $105 Million fine for safety issues
Italian-American car manufacturer Fiat Chrysler gets fined $105 million by the US National Highway Traffic Safety Board.
Jul 27, 2015 10:23 PM EDT
Running out of steam: Energy sector is underperformer among all 10 sectors in S&P 500
Market looks to Exxon Mobil, Chevron Crop results this week; Weightage in the index composition eases
Jul 27, 2015 10:11 AM EDT
Major oil companies layoff more employees due to U.S. crude oil price drop
It had been difficult for market commodities this week as U.S. crude oil price dropped down. Major oil companies are addressing this glitch by cutting off jobs extended to engineers and scientists this time.
Jul 27, 2015 9:56 AM EDT
BT launches Ultra HD subscription package
UK telecoms provider BT has launched a new Ultra HD entertainment package costing only £15 a month.
Jul 27, 2015 9:35 AM EDT
All eyes on talks over bailout plan for Greece
Amidst threats from partymates, Greece's prime minister Alexis Tsipiras will hold negotiations with creditors on Tuesday over a third bailout plan.
Jul 27, 2015 9:32 AM EDT
Gold price meltdown continues; poised for further drop
Yellow metal dips below $1,100/oz; Dumping by China further pushing it down while research firms forecast price fall to continue.
Jul 27, 2015 9:14 AM EDT
Trump tops latest Republican polls
Donald Trump leads the Republican race a week and half before the party's first presidential debate. But while he is surging in the national and key early-state polls, Trump remains the least-liked candidate.
Jul 27, 2015 9:04 AM EDT
Al Shabaab suicide truck bomber kills 13 people at the Jazeera Palace Hotel in Somalia
A suicide truck expoded on the walls of Jazeera Palace Hotel in Somalia. Thirteen were killed and 21 were injured. The Al-Shabaab group took charge of the attack.
Jul 27, 2015 3:38 AM EDT
BMW's i3 technology to support Apple's iCar?
Apple and BMW are currently discussing the possibilities of having BMW's i3 technology on the future iCar. Apple is rumored to be working out on a project called 'Titan'.
Jul 26, 2015 11:58 PM EDT
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