Walmart reduces working hours at some stores after raising pay, thus raising cost
Walmart cuts working hours on 4,600 stores. Reports said this is due to Walmart's $1B lost when the retail company increases its workers' wages last April.
Sep 01, 2015 5:18 AM EDT
Athens goes for gas grid privatization
Greece is in favor of selling stake in energy grid to Azerbaijan government company. This is subject to the outcome of general elections and clearence of third round of bailout package. Greece aims to be energy transport hub for eastern European nations.
Alibaba Pictures lost $24M in first semester amid twists and turns
Alibaba Pictures Group, the film-making unit of the Chinese e-commerce giant, announced Friday that it lost 151.8 million Yuan ($24 million) in the first half of 2015.
Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus
10 F1 teams are under a total $300 million worth of debt, with Lotus accounting to 64.2% of the debts. Just last month, Lotus was ordered by the courts to pay almost £600,000 of debts. This was after it failed to pay 27 of its bills.
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The US stocks turn attractive on lower PE ratios
After the market downfall, many US stocks turn attractive as they're no more over prices equities. The lower PE ratios make it attractive for investors.
Sep 01, 2015 4:28 AM EDT
Disney knows The Force is strong with Star Wars merchandise as it plans to push sales
Disney will aggressively promote its Star Wars merchandise using YouTube’s “unboxing” platform and ABC to hype up fans for the upcoming movie.
Sep 01, 2015 4:04 AM EDT
Boeing flexes its muscle to control supplier power
Warren Buffett's acquisition of Precision CastParts Corporation had urged other investors to bet on commercial aircrafts. On the other hand, Boeing Company, the aviation giant is evidently delaying transactions of its suppliers' merging and acquisition deal.
Sep 01, 2015 3:33 AM EDT
Japan inflation weakens consumer purchasing power in July
Consumers spent less on primary commodities due to inflation rate. With unemployment that is still present Japanese thinking twice how to spend their money wisely.
Aug 31, 2015 10:03 AM EDT
Pentagon taps Boeing, Apple, Harvard to develop wearable tech for soldiers
The Pentagon gave $75 million to a consortium of giant tech and research company to create the next level wearable tech.
Aug 31, 2015 9:54 AM EDT
Uber hires 2 hackers to secure its fleet
Uber has recently hired two other technical experts in the person of Chris Valasek and Charlie Miller. Both will be working on Uber's Advanced Technology Center, which will work on vehicle safety and autonomy as well as mapping.
Aug 31, 2015 4:55 AM EDT
Twitter reveals diversity goals for 2016
Twitter reveals to the world its diversity goals for 2016 that included increasing women and colored people.
Aug 31, 2015 2:54 AM EDT
Virginia TV Shooting Shakes News Crews
The shooting of two journalists during a live shot has planted anxiety and fear among news crews. Although experts claim that there won't be an extensive shrinking in live reporting, rumors say that some stations are trying to restrict doing remote live reports for the mean time.
Aug 31, 2015 2:51 AM EDT
China raises counterfeiting to the next level with a fake Goldman Sachs
Everyone has heard of fake designer bags, earrings and watches but faking Goldman Sachs is an entirely new level of counterfeiting.
Aug 31, 2015 2:47 AM EDT
Uber Closing In on $1B Fundraising Campaign
Uber China draws near the closing of its $1B campaign for expansion plans. Investors have decided to fund Uber and raise its valuation to around $7.5 billion.
Aug 31, 2015 2:45 AM EDT
Out of the box: Instagram update allows users to upload landscape and portrait photos and videos
The most recent update of the ever popular photo-sharing app now lets users upload their videos and photos in portrait and landscape modes.
Aug 31, 2015 2:43 AM EDT
Italian oil explorer Eni discovers 'supergiant' gas field off Egyptian coast
It appears that a supergiant gas field was recently discovered in an Egyptian coast by an Italian oil group called ‘Eni’.
Aug 31, 2015 2:06 AM EDT
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