Online lender Avant Inc has raised $325mn in a latest round of funding from PE firms including JPMorgan & Chase. The start-up will use the mobilized funds to expand globally. It offers loans to customers, who're below price consumers. The interest rate varies from 9% to 36%.

Sep 30, 2015 04:49 AM EDT

PlayStation is on the third spot as the most intimate brands for millennials, according to MBLM's Brand Intimacy 2015 Report. It will be published on October 6.

Sep 30, 2015 01:37 AM EDT

Microsoft Corporation's Chinese JV has been fined $31,430 over antitrust rules related to Xbox marketing measures. However, Redmond-based IT major escaped from a major penalty as the Chinese government's probe didn't find any major fault on Microsoft pertaining to breaching antitrust rules.

Sep 29, 2015 06:32 PM EDT

The Amazon's Kindle Fire HD 10 comes with a lower price tag and a wider screen. Although it is considered as good value for money at first glance, however other features provided in the gadget failed to impress new users.

Sep 29, 2015 06:24 PM EDT

Athletic apparel makers Nike and Under Armour have been doing very well on the Wall Street this year so far. Under Armours' stock rose 50 percent and Nike gained 27 percent of year-to-date (YTD) gains on the Wall Street.

Sep 29, 2015 09:31 AM EDT

China released new data on declining companies profit on late Monday prompt fear among investors causing a significant selling action in early trade. This, together with a sharp drop in the Wall Street on Monday fuels concern among investors.

Sep 29, 2015 09:29 AM EDT

Microsoft Corporation will announce its financial results based on three operating segment-wise business. These three new headers-based quarter results will be effective from next quarter results scheduled to be announced on 22 October.

Sep 29, 2015 09:27 AM EDT

The Dallas-based Energy Transfer Equity is taking over Williams Cos in a $32.6B deal including cash and other options. The deal is expected to make the combined entity one of the global top-five players in the energy sector as Williams Cos' huge 100,000 miles network of pipelines will further strengthen Energy Transfer Equity.

Sep 29, 2015 02:37 AM EDT

After its previous unsuccessful efforts in the smart phone business, Panasonic is making a comeback. It's planning to push sales volume by three times in next three years to reach $2-billion revenues target. Panasonic has decided to make India as its base for expanding in Africa, Middle East and South Asian markets.

Sep 29, 2015 02:34 AM EDT

NASA is redesigning the Orion heat shield for its EM-1 space mission in 2018. They came up with a new strategy that will save costs and reduce manufacturing time.

Sep 29, 2015 02:26 AM EDT

Chinese economy slowdown is adversely impacting Japanese construction and equipment manufacturers. Kobe Steel has reduced profit forecast for its unit Kobelco Construction Machinery by 58 percent. The drop in sales is likely to continue in 2016 year also.

Sep 28, 2015 10:45 PM EDT

J-TEC and Acme Industries are among Caterpillar's biggest parts supplier that have been following Caterpillar footstep and reducing their workforce. Ever since Caterpillar sales went down, the company has pushed back some of its future parts orders causing a lost for these suppliers.

Sep 28, 2015 09:41 PM EDT