SIngapore Medical Device Company Receives an Acquisition Offers From China-State Backed Firm
Biosensors International Group has received an offer from CITIC Private Equity Funds Management Co to amalgamate with its biggest shareholder, CB Medical Holdings, a privately-held Chinese investment holdings company.
Oct 29, 2015 9:18 AM EDT
Obamacare’s benchmark silver insurance plan will increase an average of 7.5%
The Department of Health and Human Service reported Monday that Obamacare premiums for the benchmark silver insurance plan will increase by an average of 7.5 percent in 37 states in 2016.
Japan Regional Lender Ashikaga and Joyo Bank to Merge
Many businesses consider merging and acquisition to make their industry stronger and to stay alive despite the economic slowdown.
Axis Bank's biggest intraday drop
Shares of Axis Bank plunged today as investors are concern regarding its asset selling activities. The bank saw its shares plunged to almost 8.7 percent in intraday trading, its worst trading day.
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Investment in Bitcoin Startup Companies Plunged in Third Quarter
Investors carefully selected bitcoin startup companies to invest in. A huge decline is experienced by startup companies in this quarter. However, a more realistic bitcoin-related startup companies is still attractive to investors.
Oct 29, 2015 1:41 AM EDT
Twitter ads revenue from mobile is increasing
Twitter announces that its mobile advertisement revenue increase by 86 percent for the quarter. The company also announces a revenue that beats analysts expectation, setting a good path for the newly appointed CEO Jack Dorsey.
Oct 28, 2015 11:23 PM EDT
Walgreens to acquire rival Rite Aid for $17.2B in cash
The pharmacy company Walgreen Boots Alliance agreed to buy Rite Aid Corp. The $17.2 billion deal aims to expand Walgreens' business across the world.
Oct 28, 2015 9:37 PM EDT
Chinese jewellery demand decline shadows Canadian Arctic diamond sector's sparkle
The declining prices of diamonds due to the slow growth of demand in China have badly affected the sparkle that Canada’s Arctic diamond industry once had.
Oct 28, 2015 3:52 AM EDT
Volkswagen says sorry in Japan auto show
At the Japan Auto Show, Volkswagen AG announced its plan to build a sports utility vehicle in its plant in the US. The company's Japan Division head Sven Stein apologized by bowing down low for several seconds.
Oct 28, 2015 3:52 AM EDT
Iron Ore Settles at $50, Keeping up with Declining Demand
Iron ore futures dipped to $50 a tonne Monday, the lowest it has been in three months, while Chinese steel producers cut output due to the decline in demand of iron ore.
Oct 28, 2015 3:35 AM EDT
Retailers: It's a false figure for Japanese consumer spending after price hike
Japanese retailers say official statistics on consumer spending should not be believed in as stores slash earnings forecasts and expects a lackluster consumer spending.
Oct 28, 2015 3:29 AM EDT
Monsanto plans to close down three R&D centers in 2016, cutting out about 90 jobs
Because of the declining dwindling agricultural commodity market and expensive restructuring operations, Missouri Agrichemical Company Monsanto plans to close down three research and development centers in 2016, cutting about 90 jobs.
Oct 28, 2015 2:51 AM EDT
Morgan Stanley's Trading Revenue Dropped in the Third Quarter
Morgan Stanley reported a drop of their trading revenue in third quarter this year. As a result from the declining trading and private equity business, they have shifted the focus to a less volatile business segment.
Oct 28, 2015 1:46 AM EDT
British Airways Offering 40% Discount Redemptions for the World Traveller Seats on chosen Long haul Flights
The British flag carrier, British Airways launches their discount on Avios Travel redemptions in World Traveller. Avios Travel Rewards are granted with 40% discount and it is only available for long haul flight routes.
Oct 27, 2015 11:47 PM EDT
Lyft Officially Operates their Ride Services at McCarran Airport in Las Vegas
Ride sharing app, Lyft has stole the first spot from their rival company, Uber on extablishing ride services at the McCarran Airport in Las Vegas. Both car ride companies are now permitted by the Clark County Commission to operate their business at the Las Vegas' McCarran Airport airport.
Oct 27, 2015 11:42 PM EDT
Mark Cuban to Wall Street Journal: “SEC screwed up so bad”.
Mark Cuban who won SEC acquisition of insider trading in Dallas court earlier, strongly criticized SEC for lack of oversight that cause stock market to become unsafe for customer and startup in a Wall Street Journal event.
Oct 27, 2015 9:47 PM EDT
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