Germany's luxury automakers buy Nokia's maps
Germany's luxury carmakers acquire Nokia's HERE maps for a little more than $3 billion. The acquisition is unprecedented in the auto industry amid growing competition for self-driving car technology.
Aug 03, 2015 10:04 PM EDT
Mexican government hikes dollar auction by almost 4 folds; holds rates
The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction to support the Mexican peso and waiting for US decision on interest rates.
Chime Communications board okays GBP365M cash offer
The sports marketing business major's shares rose over a quarter as Providence Equity Partners, WPP made an offer.
H&H Group acquired John Swan & Sons for £8.2M; shares soar by 15%
John Swan & Sons' shares went up by 15% when H&H Group officially announced they are purchasing the livestock services.
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Falling world oil prices result in job cuts
Energy giants take a hit as oil prices collapse. A number of companies, including Shell and Centrica in Britain, are cutting thousands of jobs to cope with losses.
Jul 31, 2015 8:21 AM EDT
US tech companies lead the $100B market capitalization list
The US technology and internet companies' market capitalization has soared significantly. Among the top 100 global companies by market capitalization, technology companies lead the pack as they grew since 2009 after the global economy recession.
Jul 31, 2015 2:42 AM EDT
3D sensor maker Occipital gets $13 Million in Series B funding
Occipital, maker of the Structure 3D sensor and software kit for iOS, gets $13 million in funding from a group of investors
Jul 30, 2015 11:35 PM EDT
Facebook posts Q2 gains, but expenses worry investors; shares rise, fall
Facebook's stock was volatile in after-hours trading despite surpassing second quarter expectations on almost every metric. Shares dropped then rose following release of its earnings report. The stock fell again on weak outlook.
Jul 30, 2015 8:38 AM EDT
Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?
Treasury Secretary Jack Lew writes to the US government alerting it on soaring debt burden. The world's largest economy is left with no option but to raise debt ceiling or face the risk of default.
Jul 30, 2015 5:11 AM EDT
Victoria's Secret is losing $9B for casting out plus-size lingerie
The lingerie brand, Victoria's Secret is losing $9b profit upon not venturing to plus-size lingeries.
Jul 30, 2015 1:36 AM EDT
Stronger US dollar is a threat to emerging markets' currencies, and to US economy
The 12% rise in the US dollar could result in another currency crisis in emerging markets as the weakening of local currencies will reduce the debt repayment capacity. The strengthening of dollar is expected to slow down its GDP growth as well.
Jul 29, 2015 10:25 PM EDT
Donald Trump sells New York property for $21 million
Billionaire Donald Trump has sold a penthouse property located in New York City for $21 Million dollars. Executive vice president of development and acquisitions of the Trump Organization and the tycoon's daughter Ivanka Trump confirmed the sale.
Jul 29, 2015 5:52 AM EDT
Twitter needs more followers as user growth lags despite rosy Q2 earnings
Twitter may be growing, but by analysts' standards, it isn't very impressive. Earnings for the second quarter were higher than expected, sending stock up, then down on weak user growth. To increase numbers, Twitter is looking at improving user experience.
Jul 29, 2015 5:28 AM EDT
Will $500-billion buying support restore normalcy in Chinese market?
The market capitalization melts by $3-trn as equities crash 30% in less than a month; State-owned banks step in with buying support; technical charts indicate further fall; economy slowdown a major concern; Asian stocks recover before Fed meeting; global investors shrug off turmoil in Chinese market
Jul 29, 2015 5:20 AM EDT
London's Deliveroo sealed $70M funds to develop its food delivery service in Europe, Middle East and Asia
Deliveroo gained $70M funds from Index Ventures and Greenoaks Capital. The fund intends to develop its food delivery service in Middle East, Europe and Asia.
Jul 29, 2015 1:50 AM EDT
Disney may sell ESPN as a standalone service
Disney is considering selling ESPN directly to customers. Though it might be too expensive, ESPN is envisioned to become a business on its own.
Jul 28, 2015 10:22 PM EDT
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