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.
Oct 27, 2015 8:56 AM EDT
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.
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.
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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
China to Merge it's Three Largest Airlines as part of the state-owned enterprises reformation plans
China is considering to merge the country's major airlines in terms of caro operations as it is part of their state-owned enterprises reformation plans. A speculations also revealed about the two of the three largest airlines that is also on merge in forming the largest, however, both airlines denied the rumors.
Oct 26, 2015 7:02 AM EDT
Royal Caribbean Launches New Campaign Ad Focusing on Millenials, Cruise line brand's Campaign on Periscope will also on November
The Royal Caribbean introduce their latest campaign ad centers targeting Millenials, or first time cruisers in attempt to change their perception about cruising. The cruise line brand is also launching a Periscope campaign on November, that is considered new in the cruise industry.
Oct 26, 2015 6:57 AM EDT
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