Articles by Staff Writer

2491-2520 (out of 3726)

Drop in UK export brought fears for pound's stability

UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.

Sep 11, 2015 9:09 AM EDT


Toyota suspends production at three Japan plants due to heavy rains

Toyota announced the company will suspend its day production in three plants located in Miyagi until further notice, as a safety precaution. Japan have been hit by flood after Typhoon Etau hits the country.

Sep 11, 2015 9:06 AM EDT


T-Mobile's New $20-a-month iPhone 6S Deal Defeats Apple's Own Rate; Offer Deemed Too Good to be True

T-Mobile’s Jump on Demand plan shines like a good deal but only for T-Mobile loyals, according to several expert opinions.

Sep 11, 2015 8:59 AM EDT


Czech Inflation Slows by 0.3 percent as Central Bankers Plans on Price Growth

The Czech inflation rate dropped to 0.3 percent in August, from July’s 0.5 percent, as reported by Czech Statistical Office Wednesday.

Sep 11, 2015 8:52 AM EDT


Avon to raise funds via PE, stake sale; stock turns volatile

The US-based beauty products company Avon is making every effort turn it around. To raise the funds, the company is tapping PE route in addition to exploring stake sale. After the fund raising news hit the market, shares become highly volatile on NYSE.

Sep 11, 2015 8:47 AM EDT


Lockheed Martin Corp. files protest over U.S. Army's award of a $30B project to Oshkosh Corp

Lockheed Martin Corp. had filed a protest with U.S. Governemtn Accountability Office to overturn U.S. Army contract awarded to Oshkosh Corp. Results will be out on December 17.

Sep 11, 2015 8:45 AM EDT


Freeport-McMoRan hires JPMorgan to help explore options

Freeport-McMoran hires JP Morgan after activist investor Carl Icahn said that teh company is undervalued and in need of corporate change.

Sep 11, 2015 8:41 AM EDT


U.S. stocks scored high as investros wait for Fed decision

The S&P 500 gained 0.5 percent on Thursday evening with Apple Inc. stock, boosting the index with an increase of 2.2 percent. However, investors are still cautious as policy makers are set to hold a meeting next week to decide regarding rate hike.

Sep 11, 2015 8:36 AM EDT


GE sells transport finance unit to BMO

The US-based global major General Electric has decided to sel the transportation finance unit of GE Capital to BMO Financial Group. GE has decided to focus on its core industrial segment, while disposing non-interest business divisions. It has set a target of $100bn for 2015 through asset sale.

Sep 11, 2015 8:28 AM EDT


Shanghai Gold Exchange allows gold, other securities as collateral trading

Shanghai Gold Exchange has allowed physical gold as collatarel on futures contracts. The exchange has also approved silver, Yuan-denominated stocks, bonds, treasuries as collateral usage. The move is aimed at enhancing trading volumes and attractive investors from other markets.

Sep 11, 2015 8:27 AM EDT


Kmart brings back layaway program, launches No Money Down Leasing for holiday shoppers

There are two options to purchase from Kmart this holiday season: the No Money Down Layaway Program and the No Money Down Leasing Program. The options which started last week will run until the end of November.

Sep 11, 2015 6:50 AM EDT


Nintendo partnered with Niantic to develop the real-world mobile game, Pokémon Go

The much-loved cartoon monsters on TV, Pokémon, will have its mobile game version in 2016. Nintendo tied up with Niantic to launch the free-to-play game Pokémon Go. Players could catch pocket monsters around their vicinity through their smartphone's location.

Sep 11, 2015 6:22 AM EDT


Apple TV Shows Promise, but It Still Doesn't Change the Way People Watch TV

The new Apple TV has a lot of promising features, including the Siri remote, but critics say it doesn’t really revolutionise the way people watch television.

Sep 11, 2015 6:19 AM EDT


French Industry Production Plunges Lower to 0.8%, Lowest Since November 2014

French industy forcasted a 0.2 increase in production but had it unexpectedly drop to 0.8%, a number lowest since November 2014.

Sep 11, 2015 6:13 AM EDT


Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"

Matahari Mall officially launched Wednesday with ambitions to be the “Alibaba of Indonesia,” with $500 million funding from real estate giant Lippo Group.

Sep 11, 2015 6:11 AM EDT


Two Giant Debt Collectors Ordered to Refund a Collected $61million to Consumers

Two of the largest debt collection companies are ordered by the Consumer Financial Protection Bureau to refund a collected $61 million to customers for allegedly using deceptive strategies to collect debt.

Sep 11, 2015 5:50 AM EDT


Glencore Billionaire Willing To Pay $210 Million Bill To Help Company's Balance Sheet

Glencore’s Chief Executive Officer Ivan Glasenberg is on the hook to pay $210 million of the company’s impending doomsday sale of $2.5 billion to bolster its balance sheet.

Sep 11, 2015 5:41 AM EDT


S&P Downgrades Brazil's Credit Rating Straight Down to Junk Territory

S&P junks Brazil’s investment-grade credit Wednesday as the nation faces recession that is seen to last until 2017, as well as political strife.

Sep 11, 2015 5:31 AM EDT


Twitter partners with giant Indonesian carrier Indosat on #TwitBuy

Twitter lets 68 million Indonesians use its direct messaging feature by partnering with giant carrier Indosat.

Sep 11, 2015 5:09 AM EDT


Apple launches upgrades, including first ever Apple Pencil; Looks great but impractical, says professional designers

Apple launches a series of hardware upgrades Wednesday, but the most notable one is its first Apple Pencil, which has been getting a few unlikeable reactions from professional designers and creatives.

Sep 11, 2015 5:05 AM EDT


Oil price decline makes gasoline less expensive

Enjoy the savings while it last. This is what the Americans are doing right now, as they took advantage of the cheap gasoline price and have their engine tanks full.

Sep 11, 2015 4:48 AM EDT


Eravacycline test failure plunges Tetraphase shares

It is a disappointing share decline for Tetraphase Pharmaceuticals Inc. when its manufactured drug, eravacycline failed to proved its efficiency to cure bacteria called superbugs. It may be better than Merck's ertapenem but not with Johnson & Johnson's levofloxacin.

Sep 11, 2015 4:45 AM EDT


Jeb Bush promises 4% growth in US economy

Jeb Bush, former governor of Florida, has promised 4% growth in the economy for the world's largest country.

Sep 11, 2015 4:43 AM EDT


Broadcast Music Inc. Earned Industry-Breaking $1B Revenue, $877 Million of Which Went to Affiliates

Broadcast Music Inc (BMI) announced Tuesday that it surpassed the $1 billion revenue mark, generating $1.013 billion over the fiscal year, which is the biggest in the industry.

Sep 11, 2015 3:32 AM EDT


Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices

Warren Buffett sold Exxon Mobil Corp. shares and bought refiner Phillips 66 stake due to plummeting oil prices.

Sep 11, 2015 3:22 AM EDT


Wall Street turns to bitcoin technology as Nasdaq invests in Chain.com

Nasdaq, Citi, Visa and other companies invested $30 million in Chain.com, a Blockchain startup engaged in the virtual currency, Bitcoin. The investment made by Nasdaq is considered to be Wall Street's inclination towards bitcoin technology.

Sep 11, 2015 2:52 AM EDT


Exports, funds inflow pulled up Ireland's GDP

Supported by exports and capital investments, Ireland's GDP grew 1.9% during the second quarter and 6.7% on annualized basis. The Irish economy is among the fastest-growing European nations for the continuous second year. Ireland is also accepting refugees adn taking necessary measures to support them.

Sep 11, 2015 2:43 AM EDT


Immigrants beneficial to Germany in the long run

Germany sees a long-term benefit in accepting immigrants now. Germany is suffering from rapidly ageing population and low birth rate.

Sep 11, 2015 2:40 AM EDT


Beauty products are the next big thing in Korean export

While every country is struggling with their economy, Korea has found a new way to increase its growth. Through K-pop, Korean cosmetics will be one of the beauty products that every consumers will now use from different countries and in the coming future.

Sep 11, 2015 2:12 AM EDT


Toyota investing $50 million in artificial intelligence for cars

Toyota announced their five years investment plan for research in the artificial intelligence sector with MIT and Stanford Univesity.

Sep 11, 2015 2:11 AM EDT


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