One of the world's biggest mining company Anglo American Plc announced to sell its share in Kumba Iron Ore on Tuesday. The South African multinational company has suffered loss in its full-year performance.

Feb 16, 2016 06:47 AM EST

Slack Technologies co-founder Stewart Butterfield is confident that the company's technology has advantages over other messengers. It is because Slack provides a team communication app to improve teamwork.

Feb 12, 2016 08:10 AM EST

Time Inc. was interested in big data owned by Specific Media when they acquired Viant, which owns Specific Media. Apparently, Viant also owned other business units, including social network Myspace. Time Inc. will use data from Viant's business lines including Myspace to improve its advertising activities.

Feb 12, 2016 08:04 AM EST

The London property market is witnessing soaring buying activity for rental apartments ahead of new tax on home coming into effect from April 2016. The latest rush for buying is also pushing prices up.

Feb 12, 2016 08:01 AM EST

Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing competition in internet radio space.

Feb 12, 2016 07:55 AM EST

Yahoo’s planned restructuring plan had started on Wednesday, whereas 107 employees had received a written notice that after 60 days they would have to leave the office. That would be the first batch of what is expected to be a much bigger job cuts of 1,500 employees or 15 percent of the company’s workforce.

Feb 12, 2016 07:50 AM EST

Soundcloud's financial report revealed that the company is experiencing significant loss in 2014, and the losses had started from several years before. The 2014 loss was due to large expenses, even though Soundcloud's revenue actually experienced a growth. The company expects to face losses for the next three years, but they are striving to plan strategies to increase income.

Feb 12, 2016 07:46 AM EST

Jamie Dimon, chairman and chief executive officer of JP Morgan Chase & Co, spent $26 millions to buy shares of his bank on Thursday. The share purchase is translated as good sign by other investors as the shares climbed by 2 percent after the news broke out to the public.

Feb 12, 2016 07:42 AM EST

Tesla has release it's Summon software update that will allow users of its Model S to remotely park their cars. The technology will also increase the safety for the driver.

Feb 12, 2016 07:37 AM EST

Zimbabwe suffers a massive disaster in the form of drought which has hit immensely on the entire country. The Vice president Emmerson Mnangagwa has appealed for $1.5bn aid from the local businesses and charities to save more than a quarter of his population from extreme water scarcity.

Feb 12, 2016 07:31 AM EST

US President Barrack Obama has finally disclosed the 2017 US budget details. Never to shy away from what he deems right, even in the last year of presidency, he has included his long-term liberal plans that have been widely criticized by the Congress. The highlighted ones are his global climate change initiative, fee levied on crude oil, and enhanced medical care for cancer patients and drug addicts.

Feb 10, 2016 08:45 AM EST

The offer is part of the company's strategy to gain income amid the increasing use of ad-blocking softwares. Websites had been losing significant advertisement revenues and develop other alternatives to bring ad-free experience while keeping the business going. The offer will start next week for $3.99 per month or $1 weekly.

Feb 10, 2016 08:43 AM EST

The US economy woes are not due to oil price drop, opine economists, who rule out the common view of financial media, government officials and academic that attribute the oil price drop to the American economic woes. The oil price fall will be detrimental to oil producing nations, but it's a boon to the rest of the economy.

Feb 10, 2016 08:38 AM EST

For seven sessions in a row, European stocks suffered losses amid growing concerns about the global economy growth. The lower oil prices, disappointing quarterly results and sluggish global markets are also taking a toll on European stocks. Indicating the alarming situation in the European financial sector, the cost insuring debt against default reached its peak since 2013.

Feb 10, 2016 08:29 AM EST

As Credit Suisse booked its first full-year loss since 2008 on Thursday, CEO Tidjane Thiam asked his bonus to be reduced. The financial group reported a worse than expected net loss in 2015.

Feb 10, 2016 08:21 AM EST