GE sells transport finance unit to BMO
The US-based global major General Electric has decided to sel the transportation finance unit of GE Capital to BMO Financial Group. GE has decided to focus on its core industrial segment, while disposing non-interest business divisions. It has set a target of $100bn for 2015 through asset sale.
Sep 11, 2015 8:28 AM EDT
Kmart brings back layaway program, launches No Money Down Leasing for holiday shoppers
There are two options to purchase from Kmart this holiday season: the No Money Down Layaway Program and the No Money Down Leasing Program. The options which started last week will run until the end of November.
Nintendo partnered with Niantic to develop the real-world mobile game, Pokémon Go
The much-loved cartoon monsters on TV, Pokémon, will have its mobile game version in 2016. Nintendo tied up with Niantic to launch the free-to-play game Pokémon Go. Players could catch pocket monsters around their vicinity through their smartphone's location.
Apple TV Shows Promise, but It Still Doesn't Change the Way People Watch TV
The new Apple TV has a lot of promising features, including the Siri remote, but critics say it doesn’t really revolutionise the way people watch television.
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Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"
Matahari Mall officially launched Wednesday with ambitions to be the “Alibaba of Indonesia,” with $500 million funding from real estate giant Lippo Group.
Sep 11, 2015 6:11 AM EDT
Two Giant Debt Collectors Ordered to Refund a Collected $61million to Consumers
Two of the largest debt collection companies are ordered by the Consumer Financial Protection Bureau to refund a collected $61 million to customers for allegedly using deceptive strategies to collect debt.
Sep 11, 2015 5:50 AM EDT
Eravacycline test failure plunges Tetraphase shares
It is a disappointing share decline for Tetraphase Pharmaceuticals Inc. when its manufactured drug, eravacycline failed to proved its efficiency to cure bacteria called superbugs. It may be better than Merck's ertapenem but not with Johnson & Johnson's levofloxacin.
Sep 11, 2015 4:45 AM EDT
Broadcast Music Inc. Earned Industry-Breaking $1B Revenue, $877 Million of Which Went to Affiliates
Broadcast Music Inc (BMI) announced Tuesday that it surpassed the $1 billion revenue mark, generating $1.013 billion over the fiscal year, which is the biggest in the industry.
Sep 11, 2015 3:32 AM EDT
Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices
Warren Buffett sold Exxon Mobil Corp. shares and bought refiner Phillips 66 stake due to plummeting oil prices.
Sep 11, 2015 3:22 AM EDT
Toyota investing $50 million in artificial intelligence for cars
Toyota announced their five years investment plan for research in the artificial intelligence sector with MIT and Stanford Univesity.
Sep 11, 2015 2:11 AM EDT
YouTube responds to advertisers clamor for more data transparency
YouTube is planning to give more option to advertisers when using their advertisement services including allowing third-party services.
Sep 11, 2015 2:07 AM EDT
MMI Holdings profit slips 10%
South African insurance company MMI Holdings' profit fell 9.8% for the year ending June. Market volatility, inflation rise and economic slowdown impacted the insurer's performance. As part of its diversification plan, MMI Holdings is expanding overseas and developing new products.
Sep 10, 2015 11:19 PM EDT
China Panda TV is Amazon Twitch.tv's nemesis
Amazon Twitch.tv will meet its difficult rival, Panda TV and will just be surprised. It will be facilitated by Wang Sicong, chairman of Prometheus Capital and son of Wang Jianlin, the wealthiest man in China and the chairman of Dalian Wanda Group.
Sep 10, 2015 9:46 AM EDT
HTC is being removed from a major index on Taiwan’s stock exchange on September 21
HTC is being removed from Taiwan Stock Exchange FTSE TWSE Taiwan 50 index days after the company reported its lowest revenue in 8 years.
Sep 10, 2015 9:31 AM EDT
Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential
Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.
Sep 10, 2015 9:08 AM EDT
TD Bank Group CEO to Exercise Options and Donate Acquired Shares to Charity
TD Bank Group CEO Tim Hockey will exercises 28,812 options and plans to donate the portion of his shares to charity.
Sep 10, 2015 8:55 AM EDT
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