Articles by Staff Writer

Will $500-billion buying support restore normalcy in Chinese market?

The market capitalization melts by $3-trn as equities crash 30% in less than a month; State-owned banks step in with buying support; technical charts indicate further fall; economy slowdown a major concern; Asian stocks recover before Fed meeting; global investors shrug off turmoil in Chinese market

Jul 29, 2015 05:20 AM EDT


A family of treasure hunters discovered $1M worth of gold coins in Florida seaboard

The Schmitt family found a set of gold coins in a shipwreck identified to be the 'Capitpana' a cargo ship that sank 300 years ago in Florida.

Jul 29, 2015 04:37 AM EDT


Not all cities are created equal: Here are the best places to retire abroad

Affordability, women's safety and investment value are just some of the things to consider in retiring abroad. Here's a quick guide for settling down overseas for retirement.

Jul 29, 2015 02:10 AM EDT


London's Deliveroo sealed $70M funds to develop its food delivery service in Europe, Middle East and Asia

Deliveroo gained $70M funds from Index Ventures and Greenoaks Capital. The fund intends to develop its food delivery service in Middle East, Europe and Asia.

Jul 29, 2015 01:50 AM EDT


Disney may sell ESPN as a standalone service

Disney is considering selling ESPN directly to customers. Though it might be too expensive, ESPN is envisioned to become a business on its own.

Jul 28, 2015 10:22 PM EDT


David Taylor is Procter & Gamble's new CEO

Company veteran David Taylor will be appointed CEO of the world's largest manufacturer of household goods. Outgoing CEO AG Lafley to remain as Chairman during the leadership transition period.

Jul 28, 2015 09:39 PM EDT


CFPB fines Citibank for illegal credit card practices

Citigroup's consumer bank to pay $700mn to consumers and $70mn to US govt

Jul 28, 2015 06:51 AM EDT


Google offered $200 to $300M to Impossible Foods for plant-based cheeseburgers

Google plans to buy Impossible Foods offering the startup company $200 - $300 million. The company declined but was reportedly asking for more.

Jul 28, 2015 06:40 AM EDT


Disruptive Legislation: France re-examines taxi law amid Uber's rise

France is rethinking its taxi law as demand for Uber and other online ride-hailing services grows. This comes after Uber suspended its operations in France earlier this month.

Jul 28, 2015 02:42 AM EDT


Teva Pharmaceuticals buys Allergan PLC generic drug business for $40.5B

Teva, the global leader in generic medicine buys Allergan PLC for $40.5 billion. The deal will provide cheaper generic medicines around the world.

Jul 28, 2015 01:18 AM EDT


Europe invests $384M in search for alien life on Jupiter's moons

The European Space Agency goes on a mission to search for extraterrestrial life on Jupiter's icy moons. The UK-based agency is awarding $384M to Airbus for the space probe that launches in 2022.

Jul 27, 2015 10:32 PM EDT


Fiat Chrysler slapped with $105 Million fine for safety issues

Italian-American car manufacturer Fiat Chrysler gets fined $105 million by the US National Highway Traffic Safety Board.

Jul 27, 2015 10:23 PM EDT


Running out of steam: Energy sector is underperformer among all 10 sectors in S&P 500

Market looks to Exxon Mobil, Chevron Crop results this week; Weightage in the index composition eases

Jul 27, 2015 10:11 AM EDT


Major oil companies layoff more employees due to U.S. crude oil price drop

It had been difficult for market commodities this week as U.S. crude oil price dropped down. Major oil companies are addressing this glitch by cutting off jobs extended to engineers and scientists this time.

Jul 27, 2015 09:56 AM EDT


Mutual funds and ETFs are dancing to the tune of Apple's stock

Apple stock's latest drop after results is pulling funds, ETFs lower; Apple with its largest market capitalization is significantly influencing funds, indices

Jul 27, 2015 09:47 AM EDT


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