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CFPB fines Citibank for illegal credit card practices

Citigroup's consumer bank to pay $700mn to consumers and $70mn to US govt Citigroup's consumer bank has been fined to pay $700milion for its illegal credit card practices.

Jul 28, 2015 6:51 AM EDT


Google offered $200 to $300M to Impossible Foods for plant-based cheeseburgers

Google plans to buy Impossible Foods offering the startup company $200 - $300 million. The company declined but was reportedly asking for more.

Jul 28, 2015 6:40 AM EDT


Disruptive Legislation: France re-examines taxi law amid Uber's rise

France is rethinking its taxi law as demand for Uber and other online ride-hailing services grows. This comes after Uber suspended its operations in France earlier this month.

Jul 28, 2015 2:42 AM EDT


Teva Pharmaceuticals buys Allergan PLC generic drug business for $40.5B

Teva, the global leader in generic medicine buys Allergan PLC for $40.5 billion. The deal will provide cheaper generic medicines around the world.

Jul 28, 2015 1:18 AM EDT


Europe invests $384M in search for alien life on Jupiter's moons

The European Space Agency goes on a mission to search for extraterrestrial life on Jupiter's icy moons. The UK-based agency is awarding $384M to Airbus for the space probe that launches in 2022.

Jul 27, 2015 10:32 PM EDT


Fiat Chrysler slapped with $105 Million fine for safety issues

Italian-American car manufacturer Fiat Chrysler gets fined $105 million by the US National Highway Traffic Safety Board.

Jul 27, 2015 10:23 PM EDT


Running out of steam: Energy sector is underperformer among all 10 sectors in S&P 500

Market looks to Exxon Mobil, Chevron Crop results this week; Weightage in the index composition eases

Jul 27, 2015 10:11 AM EDT


Major oil companies layoff more employees due to U.S. crude oil price drop

It had been difficult for market commodities this week as U.S. crude oil price dropped down. Major oil companies are addressing this glitch by cutting off jobs extended to engineers and scientists this time.

Jul 27, 2015 9:56 AM EDT


Mutual funds and ETFs are dancing to the tune of Apple's stock

Apple stock's latest drop after results is pulling funds, ETFs lower; Apple with its largest market capitalization is significantly influencing funds, indices

Jul 27, 2015 9:47 AM EDT


BT launches Ultra HD subscription package

UK telecoms provider BT has launched a new Ultra HD entertainment package costing only £15 a month.

Jul 27, 2015 9:35 AM EDT


All eyes on talks over bailout plan for Greece

Amidst threats from partymates, Greece's prime minister Alexis Tsipiras will hold negotiations with creditors on Tuesday over a third bailout plan.

Jul 27, 2015 9:32 AM EDT


Gold price meltdown continues; poised for further drop

Yellow metal dips below $1,100/oz; Dumping by China further pushing it down while research firms forecast price fall to continue.

Jul 27, 2015 9:14 AM EDT