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August sell-off leaves William Ackman's hedge fund with flat gain in 2014 so far

The massive sell-off across global markets took a toll on hedge funds' performance including William Ackman. His Pershing Square LP suffered 7.7 percent loss in August taking the overall year growth to 0.06 percent. With a huge gain of 40 percent in 2014, Ackman was the one of the best performers in the hedge funds until August.

Sep 03, 2015 11:26 PM EDT

News

Reebok rebrands as a fitness center in the U.S. and Europe

Reebok, the shoe brand is turning into fitness centers. Its "Be More Human" campaign challenges people to test their physical strength in group sessions. Earlier on, it had launched in the U.S. This week, the campaign will roll out in Germany.

Markets

US economy is growing amidst looming global financial crisis

The current global economic slowdown did have an impact on US economy, but a report suggests that US economy is still growing.

News

Seven tech companies formed an alliance to develop a new standard for open source video format

Netflix, Mozilla, Cisco, Intel, Amazon, Google and Microsoft made an alliance to come up with a new standard for open source, royalty free video format. Reports say this will end video plugins in the Web.

Malware for jailbroken iOS devices steal Apple IDs from 225,000 people

Another malware attack on iOS was reported by Palo Alto Networkd over the weekend affecting mostly users from China.

Sep 03, 2015 11:19 PM EDT

HANA Vora, new tool from SAP, helps customers mend data deluge

The new database query tool, HANA Vora, from SAP will enable customers to make a sense of data deluge in more effective way. With this, SAP anticipates to increase its marketshare further. The real challenge for SAP is to convince its customers on end results of the new tool.

Sep 03, 2015 11:16 PM EDT

50% drop in Viacom stock wipes out $16B

Viacom's stock price dropped by over 50% during the past one year. The ratings drop, fall in advertising revenues, forthcoming talks with Dish Network are the major factors that impacted the share price in negative way.

Sep 03, 2015 11:15 PM EDT

Wild swings in China stocks this week

China and Asian market drop again today on U.S drop last night and weak manufacturing data released by Chiese government.

Sep 03, 2015 11:14 PM EDT

Japan inflation falls to zero for third time

Shinzo's Abe government had failed again for the third year in an effort to increase inflation to help takes Japan out of the recession problem.

Sep 03, 2015 11:06 PM EDT

Google Classroom adds a Chrome extension for teacher-student website sharing

Google Classroom offers new feature ahead of new school year to make online learning better. Today, Google announced at its San Francisco office a new feature for their Google Classroom - a Chrome extension.

Sep 03, 2015 11:02 PM EDT

US home lending grows for 5 quarters in a row

Lenders are coming forward to offer loans in the construction sector on low down payment or without down payment also. the latest data shows that construction spending is on the rise. Home lending continued to grow for five quarters in a row.

Sep 03, 2015 10:39 PM EDT

Louis Vuitton hires former Apple executive as digital director

LVMH hires former Apple executive Ian Rogers as digital director. The company is planning to expand their online presence. Ian Rogers is founder of Apple's online radio and has been working with Apple for few years.

Sep 03, 2015 10:38 PM EDT

Tanium’s value doubles at $3.5B in just 5 months

Tanium just obtained a $120 million investment funds led by Institutional Venture Partners and private equity firm TPG.

Sep 03, 2015 9:33 AM EDT

Three crisp sentences that best summarize the current market condition

Jim Reid of Deutsche Bank summarizes the state of the markets in three sentences. Global markets these days have become more and more unpredictable with the US and Chinese stocks' consistent historical upswings and plunges in the past few months.

Sep 03, 2015 9:31 AM EDT

Starting salaries for US workers to surge in 2016 - studies

Robert Half and Towers Watson agree that 2016 could be a good year for employees who are hoping to get a salary increase. But both studies reveal different salary increase rates.

Sep 03, 2015 9:28 AM EDT

Under capacity in UK industry leads to 19% rise in zero-hour contracts

The latest data from ONS indicates that 20 percent rise in number of workers on zero-hour contracts in the UK industry. Even after financial crissi in 2008, many industrial units are operating under capacities leaving the working conditions unfavorable for workers.

Sep 03, 2015 9:26 AM EDT