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PayPal acquires mobile commerce company Modest in an effort to provide better shopping experience for customers

PayPal acquired mobile commerce company Modest to provide a better buying experience for customers and enhance “contextual commerce.”

Aug 20, 2015 3:43 AM EDT


Ashley Madison earned $1.7M from deceptive removal of member profiles; hackers revealed 36 million accounts

Hackers had released Avid Life Media's private documents indicating it has earned $1.7M charging members a fee of $20 for full deletion of their profile. Hackers proved the feature is not effective revealing online its 36 million user accounts since 2008.

Aug 20, 2015 3:41 AM EDT


Target raises annual profit outlook with more traffic and customers spending

Discount store Target raises annual profit outlook with more people going to their chains and shoppers spending more in each trip. The significant increase they are experiencing is brought by its new CEO Brian Cornell.

Aug 20, 2015 3:30 AM EDT


BMW Plans a Tesla Model S Rival; CEO says there is space for more e-models

BMW CEO hints that their company may bring an electric luxury sedan that may rival Tesla’s Model S. There are reports that BMW may manufacture its i5 as a plug-in hybrid, as well as a pure electric car.

Aug 20, 2015 3:29 AM EDT


Shanghai Stock Index Reverses its Loss while US, European, and other Asian Markets were Down

China’s main stock index was higher Wednesday after experiencing a significant drop early during the trading session. Other stock markets in Asia were mslty lower due to the unstable Chinese economy.

Aug 20, 2015 2:59 AM EDT


Sephora's 'Epic Rewards" became 'Epic Returns'

Sephora's 'Epic Rewards' had harbored more customers and generated more sales. The rewards promotion is also the reason why customers are returning their products saying that the said promotion turns out to be a massive disappointment.

Aug 20, 2015 2:44 AM EDT


Volatile Chinese markets drive nervous investors to offload

The volatility in the Chinese stock markets is pushing nervous investors to offload their investment. the slowdown in China's economy, oil price drop and possible rate hike by US Fed are impacting the market sentiment.

Aug 20, 2015 2:41 AM EDT


Diversify your investment portfolio with these ETFs

When looking to invest on ETFs, you only need to keep one thing in mind: cost. ETF is a marketed security that keeps tabs on indexes, baskets of assets of index funds, bonds, and commodities.

Aug 20, 2015 2:39 AM EDT


US energy stocks slip as oil price drop continues to 6-year low

The oil price drop to 6-year low and rise in crude inventories are taking a toll on energy companies. This put more pressure on trading in energy stocks on Wall Street. The market forecast of interest rate hike by Fed also further dampened the sentiment.

Aug 20, 2015 2:31 AM EDT


Student Loan Hero CEO recounts struggle after defaulting on student loan

Know what really happens when you default on your student loan and learn what to do to overcome this challenge.

Aug 20, 2015 2:21 AM EDT


StoreDot's $18M funds will be used to develop a five-minute charging of electric cars

StoreDot had acquired $18M funds. The startup company produces flash batteries that charges smartphones by only 30 seconds. The obtained capital would be used to develop a five-minute charging batteries for electric vehicles.

Aug 20, 2015 2:10 AM EDT


UK testing motorways that charge electric cars as they drive

Stopping to recharge an electric car may soon be a thing of the past in the United Kingdom. The government is testing soon an electric lane that allows vehicles to charge as they go.

Aug 20, 2015 2:06 AM EDT