Michael Jordan proves he wasn’t after the money, Donates $8.9M to charity
Jury awards Michael Jordan $8.9 million to Michael Jordan after grocery store chain Dominick's used his identity for a steak ad. Jordan plans to donate all money to charity.
Aug 25, 2015 3:51 AM EDT
Currency carnage melting down London property boom
The fall in emerging economies currencies and rising British pound value are creating hurdles in the London's property markets. the strength of British pound is making London real estate costlier for overseas buyers.
New BhS owners are looking for £70M to finance revival
New BhS proprietors are now looking for funds to back their recovery plan for the store chain. Retail Acquisitions, the new owner of department store chain BhS seeks for funding of 70 million pounds several months after buying it.
Ashley Madison victims now being blackmailed
First the Ashley Madison hacking and now the extortion follows. Recall that there were more than 30 million profiles that were included in the data dump of the so-called cheating website.
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Trump's tax plan to amp US economy
Donald Trump, a Republican presidential nominee will try to win his race by proclaiming his tax plan that will lift US economy and free corporates and the middle class from the burden of paying high taxes. Some anchors agreed that lower taxes means more jobs, more money in the pockets of people and more spending.
Aug 24, 2015 10:33 PM EDT
Drama in Greece continues with Tsipras calling the vote
Just when Greece was about to get a new 86 billion bailout package, its prime minister, Alexis Tsipras resigned calling for a snap election on September.
Aug 24, 2015 10:15 PM EDT
China GDP slows down, dents mining companies' profits in Q2; raw materials at 6-year low
With prices of raw materials going down, mining companies are reeling under pressure. The slowdown in China economy is impacting their margins. Many mining companies are poised to slash costs.
Aug 24, 2015 4:40 AM EDT
Drop in consumption, exports squeeze Japan’s export basket
Japane suffered drop in exports during the second quarter this year. This coupled with fall in personal conumption put pressure the world's third largest economy slowing down the growth rate to 1.6% as against the forecast of 1.9%.
Aug 24, 2015 2:53 AM EDT
ACLU is looking for mistreated Amazon employees
The American Civil Liberties Union is now taking action over the issues concerning Amazon employees.
Aug 24, 2015 2:32 AM EDT
Chicago catching up fast as next Silicon Valley hub
Chicago is emerging as next potential city for future Silicon Valley tech hub as it leaves other citities behind with advantages such as young educated population, affordable real estate, presence of global IT companies, availability of VC funding and other social parameters.
Aug 24, 2015 2:27 AM EDT
US allows social security benefits for same-sex spouses
As mandated by the Justice Department, gay couples can soon get social security benefits that their dead spouse worked so hard for.
Aug 24, 2015 2:21 AM EDT
Unicorn status for $1.8B ZocDoc
ZocDoc, digital healthcare scheduling company has rounded $1.8 billion giving it the unicorn status for the first time. Expansion will be used for developing products and beyond its scheduling capability.
Aug 24, 2015 2:03 AM EDT
Spotify says sorry over new private policy
Spotify CEO Daniel Ek says sorry in Spotify blog regarding the unfair privacy policy the music streaming app is applying. Reports say Spotify obtains personal information and sends it to advertisers.
Aug 24, 2015 1:56 AM EDT
51,000 Madewell Sandals Recalled Due to Fall Hazard
A particular Madewell sandal recalled due to fall hazard. The recall was done because a metal shank from the inside of the shoe can dislodge and come out of the bottom of the outsole.
Aug 24, 2015 1:51 AM EDT
Footise erodes GBP46bn as global markets tumble on China growth fears; over $3.3tr evaporate in global equities
Latest data showing slowdown in China's manufacturing sector created tremors in the global markets. All the world indices tumbled on panic selling spree. This eroded market valuation of FTSE-100 by GBP46bn and global stocks by $3.3tr.
Aug 24, 2015 1:50 AM EDT
Glass Pool to be Constructed 10 Storeys Above London Building
A floating glass pool is to be constructed atop a London apartment building. The pool is said to provide the sensation of floating.
Aug 24, 2015 1:45 AM EDT
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