The Greece government is poised to receive the €3-billion aid installment of €86-billion bailout package. The European Economics Commissioner Pierre Moscovici made an announcement to this effect. The European commission will deal with the recapitalization of banks and Greece's debt in November or December.

Oct 23, 2015 06:38 AM EDT

Nasdaq Inc recorded a 12 percent jump in quarterly profit as higher trading volume and acquisition of Dorsey Wright helped the transatlantic exchange operator perform better. Analysts forecast earnings of 86 cents per share.

Oct 23, 2015 06:32 AM EDT

Despite a surge in inflation and the ongoing worst recession in the economy, Brazil's central bank preferred to keep the interest rates at the same level without any change. Brazil seems to be avoiding more harm to the ailing economy in its worst recessions over the decades.

Oct 23, 2015 06:30 AM EDT

Misfit has launched its second generation of activity and sleep tracker, Shine 2. The device offers new smart features and elegant thinner design, yet more affordable on price.

Oct 23, 2015 06:26 AM EDT

Intel is shifting its focus toward memory technology as demand for its core processors declines. The company says it will spend as much as $5.5 billion over the next few years to shift production in its China plant from processor chips to memory chips.

Oct 23, 2015 06:24 AM EDT

Rents are increasingly higher in the South and Pacific compared to the cities located in the Northeast and Midwest. California and Florida are two cities among with the highest rent hike.

Oct 23, 2015 04:07 AM EDT

Abbey Road Studios announces a new initiative by the company to become an incubator for music related tech starup. Currently there are few startup under the companies and more startup is expected to join soon.

Oct 23, 2015 03:54 AM EDT

Holiday season is fast approaching prompting every store, online or not to accommodate customer demand on sales and customer service.

Oct 23, 2015 02:49 AM EDT

Alphabet Inc, parent company for Google announces that the company third0quarter revenue increases by 13 percent. The company also announces shares buybcak plan of up to $5.09 billion.

Oct 23, 2015 02:38 AM EDT

Royal Dutch Shell's $70-billion takeover of BG Group has been delayed as Australia's competition watchdog has postponed its final decision till 19 November. Australian Competition and Consumer Commission (ACCC) cited reasons that market participants expressed their concerns about the takeover that would impact the gas supply competition .

Oct 23, 2015 02:23 AM EDT

Hyundai Motor Co's net profit for the third quarter ending September fell 23 percent. The steep fall in China sales coupled with aggressive global incentives impacted the South Korean automobile major's performance in a more negative way. It missed analysts' forecast.

Oct 23, 2015 02:16 AM EDT

As financial institutions are currently in the process of transitioning their cardholders to EMV chip-embedded credit and debit cards, scammers are trying to take advantage by targeting those who have not yet received their new chip-embedded cards.

Oct 23, 2015 01:09 AM EDT

Deutsche Bank mistakenly transferred a sum of $6 billion to a US Hedge Fund client. This incident has brought Deutsche Bank' operational and risk control systems under scrutiny.

Oct 23, 2015 01:03 AM EDT

Joe Biden, the US Vice President, stated that he would not run for 2016 presidential nomination. Without Biden in the list of candidates, Clinton's poll lead jumped.

Oct 23, 2015 12:52 AM EDT

Biogen stated that it will cut about 880 jobs and stop some research project in drug developments due to the company restructuring. The move will save $250 million in a year and will be invested back for more promising programs.

Oct 23, 2015 12:49 AM EDT