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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 08:02 AM EDT


Tech analyst notes key factors that could prevent Apple from becoming worth $1 trillion

The Cupertino-based company Apple's value is skyrocketing at the moment. With a valuation worth about three-quarters of a trillion dollars, the company is the best performer among tech companies. But a tech analyst notes three key factors that could prevent Apple from becoming worth $1 trillion.

Mar 27, 2017 12:26 PM EDT


Toyota plans £240 million investment in Burnaston plant

Japanese automaker Toyota plans to invest £240 million in upgrading its car plant that makes the Auris and Aventis models.

Mar 26, 2017 10:50 PM EDT


Sears admits plan to avoid bankruptcy by selling brands may prove difficult

Sears Holdings Corp. admits overnight its ongoing survival is unlikely and its plan to avoid bankruptcy by selling off or licensing brands may prove difficult.

Mar 23, 2017 08:47 PM EDT


Renault denies reports it cheated on emissions tests for decades

Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.

Mar 20, 2017 08:52 AM EDT


Japanese minister agrees to contribute information on developments with Toshiba

The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.

Mar 20, 2017 08:55 AM EDT


Audi, VW sites raided by German prosecutors in emissions-scandal probe

Buyers of some 80,000 V6 3.0-litre Audi and VW diesel cars that were sold in the US from 2009 to 2015 were unaware of the emissions scandal

Mar 16, 2017 08:10 AM EDT


Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out

Hudson's Bay Co., owner of Saks Fifth Avenue, has expressed its interest in buying Neiman Marcus that would exclude the latter's debts.

Mar 16, 2017 08:08 AM EDT


Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition

Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.

Mar 16, 2017 08:11 AM EDT


Toshiba looking to sell controlling stake in Westinghouse Unit

Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.

Mar 15, 2017 07:11 AM EDT


Intel buys Israeli tech, self-driving car company Mobileye in a $15.3 billion deal

Intel is moving into self-driving cars as part of its strategy to build up its position in emerging areas of computer technology.

Mar 14, 2017 06:08 AM EDT


Trump banks on big tech investment from Middle East

US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.

Mar 13, 2017 12:30 PM EDT


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