China-based Internet entrepreneurs back Tesla rival NextEV
Wealthy Internet entrepreneurs and investors invested in a China-based electric car manufacturer NextEV. The investors hired ex-Ford Motor Co executive Martin Leach to create a global automaker.
Sep 01, 2015 10:17 PM EDT
China manufacturing woes continue: PMI index slips below 50 pts
The slowdown in Chinese manufacturing sector continued in August pushing the PMI below 50 level, which indicates the deceleration in the industry. The drop in orders for new work and export demand is the major reason for dip in manufacturing industry's output.
Google lets Android Wear smartwatches work with iPhones
Google latest smartwatch will hit the market and it will be compatible with iOS. As for now, LG smartwatch, the Watch Urbane, is the only smart watch that is compatible with iOS.
Europe is far behind in its electronic waste recycling target
Europe did not even reach half of its initial goal to effectively recycle 85 percent of its electronic wastes, study says. It is in European law to recycle electronic wastes or objects that come with a battery or plug.
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Global central bankers ready for US rate hike - Reuters
Central banks around the world want a Fed rate hike, sooner rather than later, according to Reuters. But, considering developments in the domestic and international fronts, Fed officials say it's too early to tell whether they would raise interest rates this month.
Sep 01, 2015 9:56 PM EDT
Around 200 people arrested in China for spreading stock market rumors
Chinese authorities arrested 197 people for spreading rumors that can lead to troubles. The rumors they have spread included a man jumping to death in Beijing because of the drop in stock market.
Sep 01, 2015 9:40 PM EDT
Tesco plans to sell Iron Maiden's The Book of Souls in vinyl
Big supermarket chain Tesco has long been selling records but recently, it plans to add a more modern format into their offered products.
Sep 01, 2015 9:35 PM EDT
Walmart reduces working hours at some stores after raising pay, thus raising cost
Walmart cuts working hours on 4,600 stores. Reports said this is due to Walmart's $1B lost when the retail company increases its workers' wages last April.
Sep 01, 2015 5:18 AM EDT
Athens goes for gas grid privatization
Greece is in favor of selling stake in energy grid to Azerbaijan government company. This is subject to the outcome of general elections and clearence of third round of bailout package. Greece aims to be energy transport hub for eastern European nations.
Sep 01, 2015 5:09 AM EDT
Oil price up 27% in just 3 sessions; OPEC agrees on a fair price deal
Oil price recovered as two sets of news made it positive for the energy sector. Opec says it'll try to get a fair price deal by speaking to other oil producers. The cut down in US Eenrgy production forecast also boosted the market sentiment. Oil price rose 27% in just last three sessions.
Sep 01, 2015 4:47 AM EDT
Nordstrom, TJMaxx earnings report upbeat; Kohl's is down
TJX Companies, Ross Stores, and Burlington experience an upbeat second-quarter income report, so did Nordstrom. But Kohl’s seems to be slumping with its second-quarter report.
Sep 01, 2015 4:42 AM EDT
Alibaba Pictures lost $24M in first semester amid twists and turns
Alibaba Pictures Group, the film-making unit of the Chinese e-commerce giant, announced Friday that it lost 151.8 million Yuan ($24 million) in the first half of 2015.
Sep 01, 2015 4:38 AM EDT
Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus
10 F1 teams are under a total $300 million worth of debt, with Lotus accounting to 64.2% of the debts. Just last month, Lotus was ordered by the courts to pay almost £600,000 of debts. This was after it failed to pay 27 of its bills.
Sep 01, 2015 4:35 AM EDT
The US stocks turn attractive on lower PE ratios
After the market downfall, many US stocks turn attractive as they're no more over prices equities. The lower PE ratios make it attractive for investors.
Sep 01, 2015 4:28 AM EDT
T-Mobile starts targeting 3,000 LTE tethered data 'thieves'
T-Mobile chief executive John Legere warns abusive users taking more than what’s allocated that the company will be going after them.
Sep 01, 2015 4:27 AM EDT
Richard Branson suggests everyone should take meeting notes, not just women
Gender bias is still present in workplaces all over the world. Here are suggestions from experts on how to eradicate this issue in the corporate world.
Sep 01, 2015 4:25 AM EDT
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