Articles by Staff Writer

Trouble in the North: Canada's economy continues to shrink

The slowdown in most of Canada's industries and the weakening value of its currency added to the shrinkage of its economy by 0.2% in May. For five consecutive months, Canada has been experiencing a "complex and significant adjustment", as Bank of Canada governor Stephen Poloz calls it.

Aug 04, 2015 10:41 PM EDT


Auto insurance industry clueless on driverless cars

Car insurance companies are alarmed at how much they would potentially lose when the driverless cars dominate the market in the coming years.

Aug 04, 2015 05:13 AM EDT


Gravity Payments pulled down due to $70,000 minimum wage announcement

What started out as an idealistic vision to uplift morale and productivity within Gravity Payments soon came back to haunt it once CEO Dan Price realizes that the change requires more than what he was willing to pay for.

Aug 04, 2015 02:08 AM EDT


Stewart Butterfield on leadership: I am a terrible manager

Stewart Butterfield, the Slack CEO, told an interview that he is a 'terrible manager'.

Aug 04, 2015 01:56 AM EDT


Twitter shares drop 15%; Is the microblogging platform ripe for a takeover?

As Twitter shares dip to near its lowest point since its IPO, analysts ask if the company may be due for an acquisition.

Aug 03, 2015 11:26 PM EDT


Stock markets expected to be under 4% annual growth

The slowdown in major economies is impacting the corporate performance and putting pressure on sales growth. Analysts forecast that the annual growth rate of stock markets is under 3.5% when adjusted with inflation.

Aug 03, 2015 10:30 PM EDT


Germany's luxury automakers buy Nokia's maps

Germany's luxury carmakers acquire Nokia's HERE maps for a little more than $3 billion. The acquisition is unprecedented in the auto industry amid growing competition for self-driving car technology.

Aug 03, 2015 10:04 PM EDT


New Yorkers not ok with $4B La Guardia Airport renovation

New Yorkers are asking why La Guardia Airport is scheduled for an upgrade worth 4 billion dollars when the city's public transport system is in bigger need of repair.

Aug 03, 2015 09:50 PM EDT


Iran plans to buy 90 jets per year: old fleet to be renovated

Iran plans to rebuild its aged fleet by purchasing 90 planes per year from Boeing and Airbus, as soon as Western economic sanctions are lifted.

Aug 03, 2015 09:00 AM EDT


Breaking the glass ceiling in China: How Zhou Qunfei of Lens Technology became the only self-made richest woman in China

Lens Technology made a public offering last March with $7.2B. Behind the company is China's richest self-made entrepreneur, Zhou Qunfei.

Aug 03, 2015 01:58 AM EDT


Mexican government hikes dollar auction by almost 4 folds; holds rates

The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction to support the Mexican peso and waiting for US decision on interest rates.

Aug 03, 2015 01:42 AM EDT


Chime Communications board okays GBP365M cash offer

The sports marketing business major's shares rose over a quarter as Providence Equity Partners, WPP made an offer.

Aug 03, 2015 01:27 AM EDT


H&H Group acquired John Swan & Sons for £8.2M; shares soar by 15%

John Swan & Sons' shares went up by 15% when H&H Group officially announced they are purchasing the livestock services.

Aug 02, 2015 10:19 PM EDT


Tinder all set for an IPO in late 2015, says parent company IAC; Joey Levin named as IAC's new CEO

Dating app Tinder as well as other brands under the Match Group banner are headed for an IPO, according to parent company InterActiveCorp.

Aug 02, 2015 10:08 PM EDT


Falling world oil prices result in job cuts

Energy giants take a hit as oil prices collapse. A number of companies, including Shell and Centrica in Britain, are cutting thousands of jobs to cope with losses.

Jul 31, 2015 08:21 AM EDT


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