Hedge fund exec linked to Madoff jumped to his death
Murphy, who worked at the Fairfield Greenwich, was at the top of his game, controlling the hedge fund when the firm invested billions with Madoff. Fairfield lost almost $50 million that led to investors filing a class action lawsuit.
Mar 29, 2017 11:08 AM EDT
Amazon acquires e-commerce platform Souq.com
Amazon executives did not disclose the value of the deal to which Goldman Sachs refer to as the "the biggest-ever technology M&A transaction in the Arab world."
New pound coin's hidden security features, problems and availability
The new 12-sided £1 coin comes into circulation on Tuesday with a hidden security feature that would stamp out fraud and counterfeiting.
Qatar pushes £5 billion UK investment despite Brexit
Qatar claims that Brexit will have no impact on its investment efforts as the country is looking into the long-term view.
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UK banks face new stress test scenario by the Bank of England
Bank of England prepares new stress test scenarios to be given to UK's biggest banks in preparation for any sudden slowdown in foreign interests in UK assets. The Brexit vote last year has triggered a sharp drop in the value of the pound.
Mar 28, 2017 11:15 AM EDT
Apple, Facebook join augmented reality glasses race; tech groups bet it could replace smartphone
Apple and Facebook are going up against start-up company Magic Leap and Microsoft's HoloLens in developing a pair of augmented reality glasses that could one day replace the smartphone as the primary computing device for consumers.
Mar 28, 2017 9:25 AM EDT
Starbucks lags behind Dunkin's performance
Wall Street notes many people are starting to buy their drinks at Dunkin' Donuts instead of the popular caffeine company Starbucks. Dunkin' Brands' shares, which houses Dunkin' Donuts, went up 10 percent this year and 25 percent over the past 12 months.
Mar 27, 2017 12:37 PM EDT
More big brands pull ads from YouTube
The brands told reporters on Thursday that they were pulling either some or all of their ads from Google-partnered websites. This comes after they were being alerted that their ads were still appearing next to extremist videos even after when YouTube has apologized for the matter.
Mar 27, 2017 12:16 PM EDT
Uber suspends self-driving cars operations after Arizona crash
Uber Technologies Inc. is suspending its self-driving cars after one of its autonomous vehicles was involved in an accident in Tempe, Arizona. This is the latest incident from the company that is facing one controversy after the other.
Mar 27, 2017 12:13 PM EDT
Investors pull out from US stock funds
Wall Street has been put on defensive mode ever since Donald Trump became the president of the United States. This led to investors pulling out $8.9 billion from US stock funds that ended on March 22 according to a research conducted by EPFR Global.
Mar 27, 2017 8:02 AM EDT
Samsung Electronics chief apologizes for scandal, rejects calls for company reform
Samsung Electronics chief says sorry for its involvement in the scandal that led to South Korea's president being impeached. It also announced it would not be changing its corporate structure to use a holding company.
Mar 27, 2017 12:43 AM EDT
Tiffany posts strong sales growth in China, appoints new directors
The jewelry retailer's results were consistent with its previously issued guidance for the 2016 fiscal year. Tiffany & Co. names Roger Farah, James Lillie and Francesco Trapani as directors effective last Mar. 6.
Mar 26, 2017 11:16 PM EDT
Expedia gives board of directors seat to Chelsea Clinton
Travel site Expedia just named Hillary Clinton's daughter, Chelsea Clinton, as a member of its board on Thursday. Clinton will be paid in accordance with the company's standard compensation policies for board members.
Mar 26, 2017 10:45 PM EDT
Tech experts criticize electronic ban from cabins of some Middle Eastern, African flights to US
An airline official says that the electronic ban would affect some airlines flying into the US and would cover devices larger than a cell phone. This is due to a security concern regarding passengers boarding nonstop flights to the US from certain countries.
Mar 24, 2017 9:57 AM EDT
Gulf airlines worry about effects of electronics ban; UK follows new security measure
According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.
Mar 24, 2017 9:39 AM EDT
Disney to give back wages to employees charged for their costumes
The US Department of Labor and two subsidiaries of The Walt Disney Co. have reached an agreement to give back $3.8 million in back wages according to a press release statement issued last Friday.
Mar 24, 2017 9:35 AM EDT
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