European bailout fund grants release of aid to Greece
European bailout fund supervisors have approved the release of the first tranche of financial aid to economically-troubled Greece. This comes after the German parliament and other assemblies in Europe adopted the €86 billion bailout package for Greece.
Aug 21, 2015 12:53 AM EDT
Big Data in Food Production: FarmLogs helps farmers increase crop yields using flow sensors and satellite imagery
Jesse Vollmar had created a software called FarmLogs to help farmers increase production through cloud computing, enlisting significant data they needed using flow sensor technology and monitoring farm fields by using satellite imagery.
IMF dashes hopes of China; Yuan still out of fund's currency basket
The IMF board has decided to keep the current basket of currencies as it is and China will have to wait for one more year to make its currency a part of the fund.
Twitter aims to create more content partnerships in Asia Pacific and the Middle East
Twitter is now looking to create deeper inroads into the regions of the Asia-Pacific and the Middle East. the social media giant has tapped their own Singapore-based executive Rishi Jaitly to lead teams to be spread out all across the different sections of the regions, according to Reuters.
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Lowe's Companies reports Q2 $1.13B fiscal earnings but failed to meet Wall Street's expectation
Lowe’s Companies Inc reports a $1.13 billion for the second quarter of 2015. This is an eight percent increase from last year’s $1.04 billion. This means its net income is $1.20 per share, which is lower than Wall Street’s expectation of $1.23.
Aug 20, 2015 3:50 AM EDT
Gazillion points not needed, Get free flight for just 4,500 Avios points through British Airlines
There may have been changes and speculations on how much points one must have to avail free flights. But British Airways Avios offers an easier and a lot cheaper way to avail these “free” flight programs.
Aug 20, 2015 3:47 AM EDT
Hormel Foods Q3 profit rises amidst lesser sales
It's a great comeback for Hormel Foods to get in the business with higher revenue for the third quarter in spite of the avian flu epidemic that hardly hit its Jennie-O Turkey production. Thanks to the acquired Skippy Peanut butter and Wholly Guacamole together with the refrigerated foods that boost the revenue for the titan company.
Aug 20, 2015 3:45 AM EDT
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
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