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Intuit plans to let go of its businesses including Quicken

Intuit plans to let go of its businesses including QuickBase, Demandforce and Quicken.

Aug 24, 2015 01:42 AM EDT


Elon Musk's Hyperloop starts construction in 2016; Oerlikon Leybold and Aecom joined in

Elon Musk's vision of Hyperloop is finally shaping up as Oerlikon Leybold Vacuum and Aecom funded HTT to construct the high-speed capsule transportation in 2016.

Aug 24, 2015 01:41 AM EDT


Indian banking system in transformation mode

Reserve Bank of India (RBI) has given licenses to 11 business entities to commence 'Payment Banks.' The new system is expected to not only bring down transactions costs, but also cover entire rural India under banking system.

Aug 23, 2015 11:58 PM EDT


Facebook edges out Google as traffic source for news

Facebook has become the top traffic source for news, edging out search giant Google. According to traffic analytics firm Parse.ly, this is due to Facebook's growing popularity as a platform for discourse around news and information.

Aug 23, 2015 11:59 PM EDT


HP’s Planned Layoffs to Exceed 55,000

HP CFO reveals that layoffs will exceed an additional 5 percent of the planned 55,000 layoffs by October.

Aug 23, 2015 11:26 PM EDT


Alibaba launches data center in Singapore

Alibaba launches headquarters for overseas operation and data center in Singapore as part of their $1 billion effort to edge out US rival, Amazon Web Services.

Aug 23, 2015 11:22 PM EDT


Oil price crash-hit Kazakhstan's currency tumbles over 23% in free-float trading

Suffering from oil price crash, Kazakhstan has allowed free-float trading in its currency Tenge, which fell steeply 23% creating tremors in the central Asian economy.

Aug 23, 2015 11:17 PM EDT


Background checks of Uber drivers not extensive enough - prosecutors

Billion-dollar ridesharing company, Uber, accused of misleading consumers by lax background checks of drivers.

Aug 23, 2015 11:05 PM EDT


McDonald's hit with labor and tax malpractice allegations during Brazil hearing

McDonald's has been hit with allegations suggesting they have been avoiding tax payments and abusing employees during a hearing in Brazil.

Aug 21, 2015 03:37 AM EDT


US to anti-money body: Delete soccer warning

US delegates of Finacial Action Task Force urges the organization to delete soccer warning, according to sources.

Aug 21, 2015 02:57 AM EDT


iSight charts $100M fundraising plan ahead of IPO in 2016

iSight Partners will raise $100 million funds for its business expansion plan. The company is also going public in 2016. It has made agreements with business partners for effective distribution of its intelligence on potential cyber attacks.

Aug 21, 2015 02:25 AM EDT


Growth rate of new businesses slow; Women-owned firms increasing - census

The U.S. Census Bureau Data shows that there is a 27 percent increase of women-based business in America from 2007 to 2012.

Aug 21, 2015 02:09 AM EDT


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