Result Page 32 for Latest Markets News & Archive

Markets

Cyberbullying Insurance is now available - to those who can afford it

Global insurance giant Chubb (CB) launched a new cyberbullying insurance that will cover as much as $74,600 for wealthy clients across the U.K. and the Republic of Ireland.

Dec 22, 2015 9:34 PM EST

News

Ericsson gets patent income from Apple’s iPhone sales profit

Ericsson has signed patent agreement with Apple over the wireless technology used in iPhones and iPads. The deal meant Apple would make one time payment and ongoing patent royalties payment to Ericsson.

News

Turing CEO Martin Shkreli Arrested for Securities Fraud

Martin Shkreli, now a former CEO of Turing Pharmaceuticals was arrested last week for security fraud. Shkreli was known for his notorious hedge fund activities in phamaceutical industry.

News

Alibaba Hired Top Counterfeit Investigator

Alibaba Holding hired Matthew Bassiur to remove counterfeit product off its site and maintain Alibaba reputation as a global marketplace.

Qihoo Joins Other Chinese Company To Go Private

Qihoo 360 will delist from New York Stock Exchange after a consortium of buyers agreed to pay its American depository share.

Dec 22, 2015 9:09 PM EST

Hillary's tough financial measures shrugged off by Wall Street

Wall Street is not worried about Hillary Clinton's proposal of stringent measures. The Democrat Presidential candidate is facing criticism over the contributions received from the Wall Street. Hillary said the donations from securities and investment segment are less than three percent of the total contributions she received.

Dec 22, 2015 8:23 PM EST

Panasonic to acquire US refrigeration firm Hussmann for $1.5 billion

Japanese electronics maker Panasonic announced it has agreed to buy the U.S. refrigeration firm Hussmann in a $1.54 billion deal. The deal is expected to close in April 2016.

Dec 22, 2015 10:00 AM EST

McDonald's Japan Shares Plunge After Report That US Parent Company May Sell Stake

McDonald fell the most in almost five years after a report that says the American fast food chain was looking for investors to offload its stake in the Japanese that's struggling to recover from a series of food scandals. McDonald's Corp., the U.S. parent company, is reportedly looking to gain about 100 billion yen ($825 million) and has asked potential buyers to respond by mid-January.

Dec 22, 2015 7:50 AM EST

Gillette is suing the Dolar Shave Club

Gillette filed a patent lawsuit Thursday against Dollar Shave Club Inc. The company is seeking both damages and an injunction to stop the club from selling razors that violated its copyright.

Dec 22, 2015 7:38 AM EST

Puerto Rico Electric Power gets a breather on debt payment

Puerto Rico Electric Power Authority (Prepa) has got more time to work on the restructuring of debt and interest payment. This is for the fourth time Prepa received deadline extension. Prepa is holding discussions with insurance companies to guarantee its debt payment.

Dec 21, 2015 9:10 AM EST

Toshiba in overhaul mode, may post $4 billion net loss

Toshiba is considering a restructuring plan to overhaul it loss-making businesses. The Japanese electronics major is said to have overstated profits for seven years and now forecast to report $4billion net loss. The company is struggling from the impact of an accounting scandal and may sell some units and stakes in some business.

Dec 21, 2015 9:02 AM EST

Myanmar Beer takes competition head on with new logo

Myanmar Beer Ltd (MBL) is facing stiff competition from foreign brands for its local Myanmar Beer and other four products. Encouraged with robust sales volume, Denmark and Dutch brands are enhancing their brewing capacities in Yangon. Myanmar Beer Ltd is also gearing up to meet the competition and has taken up a restructuring plan. It is focusing on innovation and new products as part of the overhaul exercise to win over new customers.

Dec 21, 2015 8:44 AM EST

Sensor Laden Intelligent Lighting System Supersedes LEDs

Intelligent lighting, an automated mechanism that allows the lights to move and create complicated color effects in a bid to thematic color changes, have driven away traditional lighting systems from the market. The intelligent, networked, sensor laden lights are going to form the central nervous system of every building and eventually approaching towards changing the existing communication modules through adoption of this technology.

Dec 21, 2015 8:04 AM EST

US warns again Alibaba over selling counterfeit goods

Chinese e-Commerce major Alibaba Group has been served another warning letter by the US Trade Representative Office for selling counterfeit goods. The US officials in a latest report said that several brand owners were complaining about Alibaba Group for selling fake goods online. The US officials warned Alibaba that if it doesn't check the problem, it would be added to list of notorious markets for fakes.

Dec 21, 2015 8:01 AM EST

Credit Suisse gets nod for Irish branch

As part of its restructuring plan, Swiss banking major Credit Suisse is setting up its branch in Ireland. It has received regulatory approval for opening its branch. The bank will move its 100 employees to Dublin from London office. It'll also slash 2,000 jobs.

Dec 21, 2015 8:00 AM EST

Oil slips below $35 on worsening supply glut

Oil price fell further and was trading below $35 a barrel on worsening the oversupply. The latest decision by US Federal Reserve to hike interest rate is also making oil expensive for weaker economies. The surging US dollar is further putting pressure on oil price.

Dec 21, 2015 7:48 AM EST