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Markets

Panasonic prioritizes electric car batteries over lithium-ion batteries

Panasonic stops its Beijing lithium-ion battery operation to give way to the manufacture of higher-margin products such as electric car batteries for Tesla Motors. The move is all about global trends and to increase sales.

Aug 28, 2015 7:58 AM EDT

News

McDonald's rejects Burger King's McWhopper peace deal

McDonald's had declined the proposal of Burger King to team up for a cause. Burger King is hoping to unite the country's two favorites and best-loved burgers producing a hybrid peace-loving McWhopper even for just a day.

News

Sephora’s peace offering to disappointed customers: $50 gift code

Sephora hosted an event that left customers frustrated, resulting to mass returns of items. Previously, Sephora organized an Epic Rewards Day where their clients can exchange their rewards points for some really good stuff such as a trip to Lancome Paris.

News

Punch Taverns sells 158 pubs to NewRiver; Deal Closed at £53.5M

NewRiver acquires 158 non-core pubs of Pub Taverns for £53.5 million. Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.

Toms Shoes CEO takes 12-week paternity leave; applauded by employees

Blake Mycoskie of Toms Shoes set an example to employees by taking a 12-week parental leave. Toms Shoes provides their employees with parental leave of at least 8 weeks where they get full payment.

Aug 28, 2015 4:23 AM EDT

AOL buys web developer Ashe Avenue

AOL announces its latest acquisition - web development group Ashe Avenue. AOL recently acquired Ashe Avenue, its second acquisition after being acquired by Verizon.

Aug 28, 2015 4:21 AM EDT

Goldman Sachs' distress trading desk lost $60 million

Goldman Sachs distressed-debt team lost about $50 million to $60 million, which means even this big bank, is not safe from the recent stock market chaos.

Aug 28, 2015 2:05 AM EDT

$1.2B PureFunds (HACK) is managed by a 30-year-old man

PureFunds ISE Cyber Security (HACK), the first and largest cyber security ETF is owned and managed by a 30-year-old man all by himself. He is Andrew Chanin.

Aug 28, 2015 1:53 AM EDT

Reviving the Ranger will get Ford back to action

For several years Ford Ranger became invisible in the autoworld but now it's coming back with new look and new features.

Aug 27, 2015 11:10 PM EDT

The Sure Way to Invest in Social Media Marketing

The use of various social media marketing by different business, small or large and even by an individual is a big help to boost engagement with different types of audiences. It draws customers and generates higher sales.

Aug 27, 2015 5:28 AM EDT

Starkist class action settlement gives consumers refund in cash or tuna

Starkist Tuna settled a lawsuit accusing them of under-filling their five-ounce tuna cans by a few tenths of an ounce. Now they must pay consumers with cash or tuna.

Aug 27, 2015 2:29 AM EDT

Consumer Confidence Gains in August

The US consumer confidence has gained a boost in points indicating that the economy is getting stronger. There is a noticeable strong market, there has been a decline in the gasoline price and improved housing market.

Aug 27, 2015 2:25 AM EDT

U.S. stock market gains evaporate on another wild trading day

Hopes for a recovery following a massive selloff in the US stock market were dashed Tuesday. All three major indexes were trading higher during early session after China announced cuts in interest rates. But as trading drew to a close, stocks tumbled, giving up gains.

Aug 27, 2015 2:25 AM EDT

China infuses GBP 14B emergency funds into banking system to bridge gap of cash supply position

Chinese government in its latest move has infused GBP14 billion emergency funds into the domestic financial system to address the liquidity crunch. The slowdown in economy growth and continuous fall in stock markets have weakened the financial system in the world's second largest economy.

Aug 27, 2015 2:22 AM EDT

Panic selling causes log in issues in investing websites

Due to the stock market mayhem Monday, trading websites encountered issues of latency, resulting to its customers not being able to log in to their accounts.

Aug 26, 2015 10:29 PM EDT

Lloyds and Royal Bank of Scotland takes beating during plunge in stock market; Government seeks privatization

Lloyds and the Royal Bank of Scotland lost almost £3 billion from their value amid the onslaught of the stock market tumult continues to wreak havoc on some of Britain’s banks.

Aug 26, 2015 10:14 PM EDT