With debt burden mounting to GBP 21.7bn, The world's third largest retailer has been forced to offload its overseas ventures gradually.

Sep 10, 2015 03:35 AM EDT

Surfwear chain Quicksilver Inc. filed for bankruptcy and plans to hand control over to Oaktree Capital Management LP.

Sep 10, 2015 03:32 AM EDT

Alerted by increased market volatility, Chinese government is in the process of implementing circuit breakers that would suspend trading in a stock if it moves over five percent either direction. If index falls or gains 10 percent or more, then trading will be halted for the day, according to draft regulation. Shanghai index unexpectedly rose in the last five minutes of trading following the news that major infrastructure projects have been approved.

Sep 10, 2015 03:30 AM EDT

Switzerland-based commodities giant Glencore has taken up several measures to reduct its debt burden to $10bn level. The company has decided to scrap final and interim dividends in addition to selling a part of equity and other assets to raise funds.

Sep 10, 2015 03:01 AM EDT

Shinzo Abe's coming back to power as Prime Minister of Japan for a second term raising many questions about the reforms in the world's third largest economy. Economists predict that Abe would focus on more regulatory reforms in labor market.

Sep 10, 2015 02:49 AM EDT

Spotify launches new tool that will help subscribers earn bragging rights over breakout artists’ music before it was streamed over 20 million times.

Sep 10, 2015 02:22 AM EDT

German scientists found a way to extract from plants the element germanium, which is necessary for intelligent steering sensors and other devices important for the modern world, like computers and smartphones.

Sep 10, 2015 02:12 AM EDT

Aerojet Rocketdyne Holdings Inc made a $2 billion bid to United Launch Alliance, which is the prime spacecraft launch service provider of Pentagon.

Sep 10, 2015 01:58 AM EDT

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

Sep 10, 2015 01:49 AM EDT

Your credit score can be improved regardless of its present depressing level. Just do these four steps faithfully and you’ll soon be out of your financial misery.

Sep 10, 2015 01:31 AM EDT

Investor Place's editor Jeff Reeves suggests selling Wall-Mart, Chevron, Caterpillar, Proctor and Gamble, and Intel stocks.

Sep 10, 2015 12:29 AM EDT

More Millennials are fearlessly diving into the Wild Stock Market, buying more stocks despite volatility.

Sep 09, 2015 11:22 AM EDT

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

Recent research conducted both by Pensions & Investments (P&I) and consultants Towers Watson has revealed that the combined assets of the top 300 pension funds has now reached $15 trillion.

Sep 09, 2015 10:52 AM EDT

Asian currencies increased due to sharp rebounds in the global equity markets and in Chinese shares Wednesday boosted risk sentiments.

Sep 09, 2015 10:51 AM EDT