Victoria's Secret is losing $9B for casting out plus-size lingerie
The lingerie brand, Victoria's Secret is losing $9b profit upon not venturing to plus-size lingeries.
Jul 30, 2015 1:36 AM EDT
Not a quick fix: A raise in fast-food hourly wages to $15 leads to 4% increase of product prices- study
According to a study, a 4% increase of fast-food prices is the consequence of a $15 per hour minimum wage increase, while others imply that restaurant closures could be the end result.
Yahoo paid out more that $1 million to vulnerability reporters in their Bug Bounty Program
Yahoo has paid out more than $1 million dollars to security researchers who have discovered vulnerabilities in Yahoo properties.
Yemeksepeti CEO in Turkey gives out $27M to employees after sale
Yemeksepeti boss gave $27M to its 114 employees after selling his firm to Delivery Hero. Nevsat Aydin, the co-founder and CEO of Yemeksepeti, an online delivery website in Turkey, shared $27M of revenue to its 114 employees after Delivery Hero acquired the company in May.
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Donald Trump sells New York property for $21 million
Billionaire Donald Trump has sold a penthouse property located in New York City for $21 Million dollars. Executive vice president of development and acquisitions of the Trump Organization and the tycoon's daughter Ivanka Trump confirmed the sale.
Jul 29, 2015 5:52 AM EDT
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.
Jul 29, 2015 4:37 AM EDT
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.
Jul 29, 2015 1:50 AM EDT
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.
Jul 28, 2015 10:22 PM EDT
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
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