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Twitter CEO earns brownie points with stock giveback

A week after laying off hundreds of employees, Twitter CEO Jack Dorsey gives away shares to employees. At almost the same time, he announced he was donating shares in his other company, Square.

Oct 27, 2015 9:05 PM EDT

News

New Balance Sneakers Changed Company's Direction

As competition gets tougher in sneaker and sportwear industry, New Balance,a company that has been in the business for more than 100 years has to change their direction to snowboarding boots and outdoor shoes.

News

Microsoft Focus on Cloud Service Raise Its Third Quarter Revenue

A strategy shift from Microsoft to focus on cloud service has gained a positive result. With the raise of their third quarter revenue, Microsoft will continue to focus on integrating their cloud and mobile business strategy.

News

JPMorgan Chase is Challenging Apple Pay with Chase Pay

A mega bank, JPMorgan Chase is challenging Apple in mobile payment technology with their Chase Pay. They also have signed an agreement with Merchant Customer Exchange to allow their merchant members accepting the payment system.

Globo’s CEO and CFO resign amid falsification charges

Globo Plc, the greek software company stated that its CEO and CFO have resigned after they admit falsifying financial data at the company. The disclosure was following a report from short seller company Quintessential that made allegation the company lied about its financial position.

Oct 27, 2015 2:03 AM EDT

Concerns raised by US regulators on Philips’ Lumileds Sale to Go Scale Capital

Philips announced that the sale of Lumileds to Go Scale Capital in uncertain due to unexpected opposition from US government. The company plans to sell a stake of 80.1% to Go Scale Capital, the China-based equity firm. Philips also announced the third quarter profit that is better than expectations.

Oct 27, 2015 1:36 AM EDT

Duke Energy talks on buying partner Piedmont Natural Gas for $4.9 Billion

Duke Energy will acquire Piedmont Natural Gas for $4.9 billion in cash. Both are partners in the $5 billion worth Atlantic Coast Pipeline venture.

Oct 27, 2015 1:33 AM EDT

Yen against euro may soar further in price swings

Anticipating that Yen would further strengthen against the euro following investors' betting on lower interest rates, the Japane's currency may further rise in price swings. Yen against the euro rose eight percent this year. Bank of Japan is likely to be under pressure to keep interest rate at lower level following the cues from ECB.

Oct 27, 2015 1:28 AM EDT

FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal

Weaving Capital (UK) Ltd. Founder Magnus Peterson was banned by the Financial Conduct Authority from working in the financial industry for defrauding investors out of their money, which totals to about $640 million worth of funds.

Oct 27, 2015 1:02 AM EDT

Alibaba Group Holding Ltd set to release Q2 revenue, experts study how Chinese economic meltdown affected its performance

Alibaba Group Holding Ltd is set to release its second quarter earnings for the fiscal year 2016 on the opening bell of October 27. Investors and analysts will be closely watching the company’s earnings to determine how China’s economic slowdown affected the giant e-commerce performance for that quarter.

Oct 27, 2015 12:01 AM EDT

Asian Shares continue to rally higher

Asian markets continue to rally to two month high as the China bank announced that it will lower the benchmark interest rate by 25 basis. The news drive most markets in the Asian region to climb higher.

Oct 26, 2015 11:01 PM EDT

BlueScope agreed to buy the remaining stakes in North Star from Cargill

BlueScope agreed to buy the remaining stakes in a deal worth $750 million. The acquisition means that Cargill will be out of steel production investment.

Oct 26, 2015 8:41 PM EDT

Oil prices under pressure amid weaker demand outlook

Crude oil prices continued to trade in low range amid sagging demand and its bleak outlook for remaining part of 2015. The oversupply position is also impacting the oil price in a negative way. Speculators are withdrawing from their previous bets on rising prices. The front-month US crude futures were trading at $44.65 per barrel 12 percent lower than the peak level in October.

Oct 26, 2015 8:34 PM EDT

GNC Charged of Selling Products with Ampethamine-like Substances

GNC is being accused of vending supplements which contain illegal substances that could do more harm than good for the health. A lot of proof has been found that GNC officials knew of the illegal substance, BMPEA, that contains amphetamine-like substance but continued to sell it to consumers.

Oct 26, 2015 8:15 AM EDT

BP and Shell Lost Billions of Profits Due To Oil Exploration Failure

BP and Shell were battered losing billions of profits because of oil price plunge and unsuccessful oil exploration. Contributing to the loss is the drop in China's demand for oil and Saudi Arabia's restraint on the oil production.

Oct 26, 2015 8:09 AM EDT

Mercedes Car Sales Create New Record in China

It is unexpected but yes, Mercedes-Benz cars made a new record in China that reached 53%. It got a handsome portion in the car market share especially that Volkswagen is faced with a lot of issues.

Oct 26, 2015 7:49 AM EDT