Result Page 77 for Staff Writer

Articles by Staff Writer

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Barrick Gold Corp buys back part of outstanding debt

Barrick Gold Corp has taken up a debt reduction program. The world's largest bullion producer is aiming to reduced debt by $3 billion this year and $2 billion in 2015. The drop in gold prices is squeezing the margins of the miner. Moody's has lowered its credit rating.

Sep 30, 2015 4:49 AM EDT

PlayStation is the third most intimate brand for millennials

PlayStation is on the third spot as the most intimate brands for millennials, according to MBLM's Brand Intimacy 2015 Report. It will be published on October 6.

Sep 30, 2015 1:37 AM EDT

Comcast to acquire majority stake in Universal Studios Japan

Comcast Corp. is acquiring a majority stake in Universal Studios Japan Co. for $1.5 billion. This is a milestone for the US cable company, which has been seeking opportunities for global growth, after failing to buy Time Warner Cable Inc. in April.

Sep 29, 2015 6:37 PM EDT

China slaps fine on Microsoft's Chinese JV over Xbox

Microsoft Corporation's Chinese JV has been fined $31,430 over antitrust rules related to Xbox marketing measures. However, Redmond-based IT major escaped from a major penalty as the Chinese government's probe didn't find any major fault on Microsoft pertaining to breaching antitrust rules.

Sep 29, 2015 6:32 PM EDT

Amazon's Kindle Fire HD 10 fails to impress users except for the wide screen

The Amazon's Kindle Fire HD 10 comes with a lower price tag and a wider screen. Although it is considered as good value for money at first glance, however other features provided in the gadget failed to impress new users.

Sep 29, 2015 6:24 PM EDT

Nike, Under Armour top racers on Wall Street

Athletic apparel makers Nike and Under Armour have been doing very well on the Wall Street this year so far. Under Armours' stock rose 50 percent and Nike gained 27 percent of year-to-date (YTD) gains on the Wall Street.

Sep 29, 2015 9:31 AM EDT

Asia shares trade at three weeks low after new data from China was released

China released new data on declining companies profit on late Monday prompt fear among investors causing a significant selling action in early trade. This, together with a sharp drop in the Wall Street on Monday fuels concern among investors.

Sep 29, 2015 9:29 AM EDT

Microsoft strategizes on operating segment-wise results

Microsoft Corporation will announce its financial results based on three operating segment-wise business. These three new headers-based quarter results will be effective from next quarter results scheduled to be announced on 22 October.

Sep 29, 2015 9:27 AM EDT

Energy Transfer Equity to acquire William Cos for $33B

The Dallas-based Energy Transfer Equity is taking over Williams Cos in a $32.6B deal including cash and other options. The deal is expected to make the combined entity one of the global top-five players in the energy sector as Williams Cos' huge 100,000 miles network of pipelines will further strengthen Energy Transfer Equity.

Sep 29, 2015 2:37 AM EDT

Panasonic aims $2B revenues from smart phone biz

After its previous unsuccessful efforts in the smart phone business, Panasonic is making a comeback. It's planning to push sales volume by three times in next three years to reach $2-billion revenues target. Panasonic has decided to make India as its base for expanding in Africa, Middle East and South Asian markets.

Sep 29, 2015 2:34 AM EDT

NASA redesigns heat shield for Orion's EM-1 space mission in 2018

NASA is redesigning the Orion heat shield for its EM-1 space mission in 2018. They came up with a new strategy that will save costs and reduce manufacturing time.

Sep 29, 2015 2:26 AM EDT

Profit target for Kobelco down 58% as China's economy slows down

Chinese economy slowdown is adversely impacting Japanese construction and equipment manufacturers. Kobe Steel has reduced profit forecast for its unit Kobelco Construction Machinery by 58 percent. The drop in sales is likely to continue in 2016 year also.

Sep 28, 2015 10:45 PM EDT

Qatar plans $35B investment in US market

Qatar Investment Authority (QIA) has earmarked $35-billion investment for the US market. As part of its global strategy on investments, Qatar is looking to investment opportunities in several sectors in the US economy. Qatar says it planned investment for next five years and this will create jobs for Americans.

Sep 28, 2015 10:35 PM EDT

Caterpillar's part suppliers are feeling the economic slowdown too

J-TEC and Acme Industries are among Caterpillar's biggest parts supplier that have been following Caterpillar footstep and reducing their workforce. Ever since Caterpillar sales went down, the company has pushed back some of its future parts orders causing a lost for these suppliers.

Sep 28, 2015 9:41 PM EDT

Oil traders stockpile at sea amid rising glut

The ever increasing surplus in oil production is boosting more demand for storage facility. The Contango opportunity is driving traders to store more oil on shore storage capacities. Many global oil companies and traders as well are booking tankers for next one year.

Sep 28, 2015 9:25 PM EDT

Gates Foundation sues Petrobras and Auditor for Fraud

The list of Petrobas’ problems just grew larger as The Bill and Melinda Gates Foundation recently joined the plaintiffs who are suing the company over its treachery and corruption.

Sep 28, 2015 8:59 PM EDT

Mark Zuckerberg speaks at UN: Internet access can eradicate extreme poverty

Mark Zuckerberg says connecting the world to the internet will alleviate poverty. Facebook Founder Mark Zuckerberg recently spoke at UN and says there is more that can be done that's why he and Microsoft founder Bill Gates, along with Wikipedia founder Jimmy Wales, and U2 front man Bono rallied to eradicate poverty by bringing internet access all over the world.

Sep 28, 2015 8:41 PM EDT

VW scandal exposes cozy ties with Berlin

The 413 billion euros could be the reason why there is a strong tie between Berlin and the German automobile industry.

Sep 28, 2015 7:05 PM EDT

Australia's Vocus to acquire its rival M2 Group for A$1.93B

Vocus Communications agreed to buy the M2 Group for A$1.93B. The merging will make them the fourth largest telecom company in Australia and third in New Zealand.

Sep 28, 2015 9:41 AM EDT

BlackBerry Priv is now official - here's how it compares to iPhone

BlackBerry just launched Priv, it’s very first Android phone that has specs that come close to the latest series of iPhones.

Sep 28, 2015 9:16 AM EDT

From an iPhone to a Tesla car, how much energy do these devices really use?

Everything that consumes electricity costs money. Exactly how much it is has recently been filed into one report.

Sep 28, 2015 8:57 AM EDT

Giant companies to combat climate change through renewable energy

Peole around the world is ignoring the harmful effects of climate change may bring. And now that we are experiencing its wrath, countries and companies pledged to use renewable energy to fight climate change hoping it's not too late.

Sep 28, 2015 8:41 AM EDT

Bank of America sees signs of recovery in Russian economy

Russian economy is poised for a marginal recovery, predicts Bank of America. The corporate firms posted 43 percent growth in profits for the first half of 2015. The rise in proficts will translate into capital investments in the near future, say economists.

Sep 28, 2015 5:16 AM EDT

New H&M stores to open in China

Despite China's market slowdown, still investors take the risks to open business such as H&M. The clothing company will spread its brand awareness among Chinese consumers with hopes that it will be successful.

Sep 28, 2015 4:39 AM EDT

Volkswagen new CEO to steer German auto maker on the right track

Reacting first time on the emission results rigging scandal after assuming the new position, Matthias Müller, the new CEO of trouble-hit Volkswagen, has assured investors and customers that such misconduct will never happen again.

Sep 28, 2015 4:35 AM EDT

Coca-Cola disposes off nine U.S. bottling plants as new supply system arises

Coca-Cola Co. is planing to sell its nine US-based production facilities as part of the plan that could cut the costs and modernized operations.

Sep 28, 2015 4:33 AM EDT

Google to install high-speed public Wi-Fi on 400 railway stations in India

Sundar Pichai announced Google will put up a public Wi-Fi to 400 train stations in India. It would be the largest public Wi-Fi in the country with the number of users. The project is part of Google's Project Loon.

Sep 28, 2015 1:39 AM EDT

IBM's Watson supercomputer is coming to Silicon Valley

IBM is building a new hub in Silicon Valley for its supercomputer Watson to lure start-ups and data scientists into using its cognitive computing platform. The innovation center is expected to open middle of next year.

Sep 28, 2015 1:37 AM EDT

StoreDot could fully charge your phone in just a minute

StoreDot, a startup company in Israel, had invented a charger that would fully energized phone batteries in one minute.

Sep 27, 2015 9:56 PM EDT

Ace Limited Offers Cyber Security Protection Worth up to $100 million

Ace Limited company announces that the company is entering into cyber security sector due to an increasing number of cases happening in the United States alone. However, customers are required to undergo a reviewing process first before they can buy the policy.

Sep 27, 2015 9:51 PM EDT

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