Daniel Loeb's Third Point LLC has picked stake in Japanese retailer Seven & i Holdings. The size of the deal is expected to be below five percent. The US activist investor Loeb has called for restructuring at the Japanese retailer to increase profitability and shareholder returns, while reducing costs. Seven & i is closing down its underperforming Ito Yodado stores.

Nov 02, 2015 09:41 PM EST

Facing stiff competition and suffering low margins, Amazon has decided to shut down its mobile point-of-sale payement service Amazon Register. This decision has turned out to be a fresh breather for competitors such as Square, which is going public this year. Amazon Register will be logged off in early 2016, while existing merchants are allowed to use it till 1 February 2016.

Nov 02, 2015 09:32 PM EST

US technology giants such as IBM, Microsoft, Dell and Cisco are working closely with Chinese companies considering the vast business potential in the world's second largest economy. Taking advantage of technology access to the US companies, Chinsese companies are becoming self-sufficient in developing technology applications in turn pushing military research and operations capability. This may signal threat to US national security, alert US defence experts.

Nov 02, 2015 09:22 PM EST

Amazon’s prime members will gain early access to its lightning deals as part of its Black Friday Deals store countdown.

Nov 02, 2015 09:08 PM EST

The 20,000 customer financial information of TalkTalk recently hacked are now being sold online for a very cheap price.

Nov 02, 2015 08:56 PM EST

Online courses companies known as EdTech have gained benefit from the changing job market. Their next disruption created by EdTech is in college degree, which will seize to become the exclusive credential in job market.

Nov 02, 2015 08:36 PM EST

The prize of the contest by Ricola is a four night stay for two at the 3 star Hotel Waldhaus Huldi in Adelboden. The return flights with Swiss International Air Lines and first class rail transfers by Swiss Travel System are also a plus.

Nov 02, 2015 06:45 PM EST

Airport security guards were being accused of planting bullets in passengers' luggage at security checkpoints. Authorities are now speeding up the investigation in an alleged extortion scam.

Nov 02, 2015 06:32 PM EST

Kauai County has asked the state to incentivize opposition. And now, Kauia official also asks help in making the interisland travel cost less.

Nov 02, 2015 06:25 PM EST

The main flight crew union, UFO rejects Lufthansa, German airlines' latest offer. The official of the group threathens to strike.

Nov 02, 2015 10:47 AM EST

For the loyal Delta flyers, passengers have experience this rewarding spending program from SkyMiles. Here are the best offered rewards and benefits from the highest tier, Diamond Medallion.

Nov 02, 2015 10:41 AM EST

Airbnb spends more than $8 million for a campaign to stop Proposition F, an initiative in San Francisco that would limit short-term rentals.

Nov 02, 2015 10:32 AM EST

Vodafone announced that hackers gained access to 1,827 accounts that belong to its customers.

Nov 02, 2015 10:18 AM EST

Etihad is now offering their Premium Lounges in both Terminal 1 and Terminal 3 at Abu Dhabi airport. And now many travelers are discovering the service and facilities offered in Etihad.

Nov 02, 2015 10:02 AM EST

Chipotle Mexican Grill closed 43 Chipotle restaurants in Pacific Northwest region due to an outbreak of E. coli bacteria.

Nov 02, 2015 09:50 AM EST