GM promises UAW $1.9 billion for US operations, 3,300 union jobs
General Motors entered a contract with The United Auto Workers union to provide $1.9-billion investment in US operations that would add 3,300 union jobs in the country.
Oct 31, 2015 8:16 AM EDT
Fed keeps interest rates near zero, but hints of increase by mid-December
The Federal Reserve kept interest rates near zero last Wednesday after a two-day meeting, but said that it considers increasing it in their final meeting this year in mid-December.
Facebook Becoming Like Craigslist with new Local Market
Facebook is testing its “Local Market,” which is a more structured marketplace for users to browse, search, buy, and sell products online like Craigslist.
Nissan Expects to Sell 1 Million Autos in China this Year after Rebound in Demand
Nissan expects a million sales of passenger vehicles in China, as demand for cars rebounds after the government cut a purchase tax on small passenger vehicles.
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Hershey cuts profit forecast, reports lower US sales due to growing income gap
Chocolate maker Hershey Co is getting squeezed with the growing gap between low income and higher income US households, as it reported a lower-than-expected US sales Wednesday, cutting its profit forecast for 2015.
Oct 30, 2015 6:29 AM EDT
Santos received $1.1B offer from Quadrant Energy for Western Australian Gas Fields
Santos Ltd got a formal bid for $1.5 billion from Quadrant Energy Pty for a 45 percent stake in its Australian oil and gas fields located in the Carnarvon Basin.
Oct 29, 2015 10:32 PM EDT
Glencore to invest $950M to Mopani Copper Mine over three years
Glencore plans to invest its copper mine in Zambia for $950 million over three years. The company will upgrade the copper mine after 18 months of halting production due to a drop price for metals.
Oct 29, 2015 10:05 PM EDT
Elon Musk's Hyperloop is now building a test track
Hyperloop Transportation Technologies (HTT) is reportedly set to begin construction of the first Hyperloop test track in a couple weeks. The $150 million track will be built in Quay Valley, United States.
Oct 29, 2015 9:58 PM EDT
Surging dollar hits PayPal's revenues
After offloading eBay, PayPal has announced its results. The third quarter numbers disappointed investors, who are anticipating good results following the encouraging numbers from eBay. The rising US dollar hits revenues from China and Europe for PayPal.
Oct 29, 2015 9:45 PM EDT
Oracle will teach young people how to think, to build a high school
Oracle's founder billionaire Larry Ellison's long-time dream of having a school that would teach kids to think became true as Oracle announced plans to build a high school next to its Silicon Valley headquarters.
Oct 29, 2015 9:37 PM EDT
Samsung Galaxy View is the new 18-inch tablet
Samsung launches the new Samsung Galaxy View, an 18-inch tablet TV. The large screen tablet offers a new experience to enjoy streaming video and media content, as well as Android apps.
Oct 29, 2015 9:22 PM EDT
Ferrari shares rev up in market debut but shift to low gear a week later
Ferrari's IPO share was $52 on opening day. Shares went up to $60.97 before closing at $55. Analysts were quick to see this as a successful move by Ferrari to become an independent company. A week after market debut, Ferrari shares took a 7% dip.
Oct 29, 2015 11:06 AM EDT
UK factory output shrinks in Q3; exports drop
The strengthening British pound, a weak euro, and China's slowdown are impacting UK's manufacturing and export sectors. Factory output dropped for the third consecutive month. The UK is witnessing its third export recession in less than a decade.
Oct 29, 2015 10:58 AM EDT
Gold recovers marginally ahead of US Fed decision
The gold price rebounded in a cautious way ahead of the US Fed Reserves' statement. The investors and funds are in wati and watch mode anticipating cues for possible timing of next hike in interest rates. Hedge funds and money managers are bullish on gold, while technical analysts predict lacklustre trading in the yellow metal.
Oct 29, 2015 9:35 AM EDT
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
Here's a quick drive to the Tokyo Motor Show 2015 highlights
The Tokyo Motor Show is open from Oct 30 to Nov 8 at the Tokyo Big Sight Exhibition Centre. The event showcases new car concepts and designs from carmakers all over the world. This car exhibition puts the spotlight on driverless technology, clean fuel and energy efficiency in automotive.
Oct 29, 2015 8:14 AM EDT
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