AT&T to spend $10 billion to expand its business solutions for customers worldwide
AT&T on Monday announced its intention to spend about $10 billion in order to provide its "integrated solutions" for enterprises globally. The company is also testing its 5G broadband services at enterprises and homes.
Feb 23, 2016 9:51 AM EST
Poundsterling Took a Hit Over Possible "Brexit"
British currency suffered the biggest drop in one day, triggered by speculation Britain to leave. While Prime Minister Cameron stressed the importance of United Kingdom to stay in the EU.
Victoria's Secret CEO Announced Resignation, Parent Company's CEO to Assume Leadership
Victoria’s Secret CEO Sharen Turney announced her resignation on Friday, concerning investors and briefly crash the parent company’s shares after the news. However, the company had assured investors that the company will retain its success with the parent company’s founder and CEO Les Wexner assuming the role and Turney remaining as the lingerie brand’s advisor.
Chinese job market dries up with a slowing economy
The Chinese job market has hit a dry spell, with job postings dropping across all sectors at an alarming rate. These findings, put together by the data restructuring company Quanton Data, throw up a pretty grim scenario, specially for the freshers who are about to step into the job market this summer.
Latest News
Feelgood Leicester boosting hopes on rebalancing UK economy
The renewed activity of football Premier League is bringing cheer to Leicester city. The flourishing economic activity in the far neglected city is reviving the hopes on rebalancing the UK economy. Economists suggest for enhanced economic activity in East Midlands for rebalancing Britain's economy.
Feb 19, 2016 10:14 AM EST
Rise of micro VC funding in India as investors focus on early-stage investment
The micro venture capital (VC) funding space in India is witnessing a robust activity. A rising new breed of venture capital investors is keen on early-stage investment in startups. About 12 micro venture capital funds are operational in India.
Feb 19, 2016 9:52 AM EST
Puerto Rico in troubled waters, stalls debt payments to provide essential services
Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.
Feb 19, 2016 9:45 AM EST
Deflation in steel, other commodities dent Japan's export basket
Japan's exports were badly hit by the steep drop in steel prices and other commodities. The world's third largest economy's exports fell 12.9 percent on the year in January to Yen 5.35 trillion ($47.12 billion), while the imports also fell 18 percent.
Feb 19, 2016 9:37 AM EST
Chancellor George Osborne misses approval rating as faith in UK economy slides
Britain is losing its faith in the chancellor George Osborne as he is readying for the annual budget in the midst of global challenges facing the nation's economy. Poor economic conditions prevented the chancellor from achieving his election targets.
Feb 19, 2016 9:13 AM EST
Marijuana Sales Hits Nearly $1 Billion Mark In Colorado
Marijuana sales in Colorado has hit the massive $1 billion mark. After legalization of the cannabis for medicinal and recreational purposes in 2012 the sales has increased by 42 percent over the last year. The state would reportedly use about $35 million of the tax profit for construction of schools.
Feb 16, 2016 7:19 AM EST
Palantir Technologies Acquire Kimono Labs to Strengthen Its Data Extraction Capacity
Data analysis company Palantir Technologies Inc acquired Kimono Labs to increase its data collection capacity. Following the acquisition, Kimono Labs will shut its service on February 29, 2016.
Feb 16, 2016 7:12 AM EST
South Korean Central Bank Keeps Interest Rates Unchanged, Observes Impact of New Stimulus Package
BoK has decided to keep hold benchmark interest rates in place on Tuesday. To tackle the ongoing sluggish economic growth, South Korean government has unveiled a stimulus package on February 3. BoK is predicted to analyze the impact of the stimulus package and hence opts for keeping rates unchanged.
Feb 16, 2016 6:59 AM EST
Orange SA Needs More Weeks For Bouygues Deal
Along with reporting its fourth quarter performance, France telecommunication company Orange SA also report the acquisition plan. The company needs more weeks to have approval from antitrust authorities.
Feb 16, 2016 6:56 AM EST
Anglo American Plc Announced to Sell Its Share in Kumba Iron Ore
One of the world's biggest mining company Anglo American Plc announced to sell its share in Kumba Iron Ore on Tuesday. The South African multinational company has suffered loss in its full-year performance.
Feb 16, 2016 6:47 AM EST
Slack Messaging Has Advantages Over Facebook, Said CEO Stewart Butterfield
Slack Technologies co-founder Stewart Butterfield is confident that the company's technology has advantages over other messengers. It is because Slack provides a team communication app to improve teamwork.
Feb 12, 2016 8:10 AM EST
Company Acquisition: Time Inc. Acquired Viant, Which Owned MySpace and Other Ad-Related Business Units
Time Inc. was interested in big data owned by Specific Media when they acquired Viant, which owns Specific Media. Apparently, Viant also owned other business units, including social network Myspace. Time Inc. will use data from Viant's business lines including Myspace to improve its advertising activities.
Feb 12, 2016 8:04 AM EST
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Latest News
