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Facebook Waits To Hit A Billion Users For Messenger Before Turning It Into A Meaningful Business

Mark Zuckerberg said they will wait for Messenger to have a billion users and create organic interactions before monetizing it for more income.

Sep 09, 2015 06:41 AM EDT


IRS Rejects Yahoo's Tax-Free Alibaba Spin-off Request, Sending Stocks Down 4%

IRS rejects Yahoo’s plan for a tax-free Alibaba spin-off, which Yahoo hopes would have been a move to give back money to shareholders. Yahoo shares dropped 4% after the news.

Sep 09, 2015 10:59 AM EDT


Macy's To Close 40 Underperforming Stores To Focus on Ecommerce

Macy’s Inc plans to close 40 physical stores and focus on eCommerce operations.

Sep 10, 2015 01:49 AM EDT


Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices

Warren Buffett sold Exxon Mobil Corp. shares and bought refiner Phillips 66 stake due to plummeting oil prices.

Sep 11, 2015 03:22 AM EDT


Netflix Stocks Continues to Decline

Netflix stocks continues to decline after its rivals Hulu announced ads free streaming and Amazon will offer offline download feature.

Sep 10, 2015 08:10 AM EDT


Lockheed Martin Corp. files protest over U.S. Army's award of a $30B project to Oshkosh Corp

Lockheed Martin Corp. had filed a protest with U.S. Governemtn Accountability Office to overturn U.S. Army contract awarded to Oshkosh Corp. Results will be out on December 17.

Sep 11, 2015 08:45 AM EDT


The Investment Association Launches Major Crackdown on Executive Pay

Being one of UK’s most powerful shareholder groups, The Investment Association, has commissioned the Executive Remuneration Working Group to launch a major crackdown on soaring executive pay.

Sep 10, 2015 08:29 AM EDT


Paddy Power, Betfair £5B merge deal expects to complete process by 2016

Two of the Britain's online betting site, Paddy Power and Betfair, confirms the merging deal worth £5B. It is expected to be completed next year, which will make them the largest online gambling company in the whole world.

Sep 09, 2015 09:59 AM EDT


Uber Plans Expansion to 100 Cities in China and Take on Biggest Chinese Rival

Uber plans to expand to 100 more cities in China when it raised $1.2 billion to contest China’s number one taxi-hailing company Didi Kuaidi.

Sep 10, 2015 06:35 AM EDT


Financial Advisers Raised Fees for Getting Pension Help after Freedom Reforms

Financial advisers increased their basic pension services fees by 16 to 17 percent after freedom reforms.

Sep 10, 2015 08:25 AM EDT


500 Startups Slowly Conquering the World with Six New Investment Partners

500 Startups looks to find its new unicorn by hiring six new partners to play specific important roles all over the world.

Sep 09, 2015 09:55 AM EDT


China Panda TV is Amazon Twitch.tv's nemesis

Amazon Twitch.tv will meet its difficult rival, Panda TV and will just be surprised. It will be facilitated by Wang Sicong, chairman of Prometheus Capital and son of Wang Jianlin, the wealthiest man in China and the chairman of Dalian Wanda Group.

Sep 10, 2015 09:46 AM EDT


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