China factory output again slips, but fall slows down in October
The manufacturing sector's output again fell in October showing a continuous drop for the past eight months in the world's second-largest economy. However, the drop was at a slower pace in October as the marginal recovery in export orders offset further damage.
Nov 03, 2015 12:42 AM EST
China sees greater shift to internet-based enterprises
There's significant business potential in internet-based business as the higher costs of labor and infrastructure are eroding the profitabilit of tranditional enterprises in China. The vast usage of internet and huge population numbers are luring many businesses to set up shop online.
Amazon logs off 'Register'; breather to Square
Facing stiff competition and suffering low margins, Amazon has decided to shut down its mobile point-of-sale payement service Amazon Register. This decision has turned out to be a fresh breather for competitors such as Square, which is going public this year. Amazon Register will be logged off in early 2016, while existing merchants are allowed to use it till 1 February 2016.
Cross-border technology sharing with Chinese firms worries US defense experts
US technology giants such as IBM, Microsoft, Dell and Cisco are working closely with Chinese companies considering the vast business potential in the world's second largest economy. Taking advantage of technology access to the US companies, Chinsese companies are becoming self-sufficient in developing technology applications in turn pushing military research and operations capability. This may signal threat to US national security, alert US defence experts.
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Flight Crew Union UFO Raise the Possibility of Strike after Negotiations Fails with the German Airlines Lufthansa
The main flight crew union, UFO rejects Lufthansa, German airlines' latest offer. The official of the group threathens to strike.
Nov 02, 2015 10:47 AM EST
Delta Air lines' Diamond Medallion, Best Benefits and Rewards
For the loyal Delta flyers, passengers have experience this rewarding spending program from SkyMiles. Here are the best offered rewards and benefits from the highest tier, Diamond Medallion.
Nov 02, 2015 10:41 AM EST
Chipotle shuts all stores in Seattle, Portland due to E coli outbreak
Chipotle Mexican Grill closed 43 Chipotle restaurants in Pacific Northwest region due to an outbreak of E. coli bacteria.
Nov 02, 2015 9:50 AM EST
Nanjing Sifang Art Park: Nanjing, China's One of a Kind Art Park and Museum
Nanjing City's work of art pride, the Nanjing Sifang Art Park was designed by internationally known architectures. The building has unique features and shape and one architectural wonder of the country.
Nov 02, 2015 9:49 AM EST
United Continental holds airport job cuts to ease labor tension
Yielding to the labor tensions, United Continental Holdings Inc has decided to hold the outsourcing exercise for time being. The Chicago-based airline has been slashing jobs and replacing them with outsourced workers. This has created unrest among employees and workers' unions started protesting it. in a latest decision, the airline announced that it stoped the outsourcing activity until 2017.
Nov 02, 2015 8:54 AM EST
Delta Airlines to Terminate Atlanta-Dubai flight route on February 2016
Delta Airlines will end their flight services in Atlanta-Dubai route in February 11, 2016. The US major carrier announce on their website regarding the termination of the flight operation on the said route.
Nov 02, 2015 8:43 AM EST
China's Newly Opened Communist Party Theme Park, Received Mixed Criticism from Social Media
The Cinese government build and opened a Communist Party Theme Park. They aimed to help visitors to teach and better understand the commounist party core values and concepts.
Nov 02, 2015 7:14 AM EST
Mexico's Eden, Holbox Island an Ideal Travel Destination
The Holbox Island or the Isla Holbox is considered as the Eden paradise of Mexico. It is also an ideal place for mexican vacation for tourists craving for a nice "low-sound, low-rise" place.
Nov 02, 2015 6:52 AM EST
PetroChina Q3 profit slips on oil price rout
China's biggest oil company PetroChina recorded 81.4% fall in profit for the third quarter indicating 52% below the analysts' forecast. The continuous fall of oil price impacted the performance of the company. Analysts expect rebalancing of oil price in next 12 months.
Nov 02, 2015 2:20 AM EST
Virgin America beats forecast in Q3
Virgin America has surpassed market estimates in revenues for the third quarter of 2015 as it posted $71.9 million revenues as against the forecast of $67mn. The US-based airline operator indicated that earnings per mile may fall in the fourth quarter owing to increasing competition and falling airfares.
Nov 02, 2015 12:25 AM EST
GoPro misses revenue targets on sluggish sales, marketing mistakes
Wearable cameras manufacturer GoPro's results missed the market forecasts. Despite 43 percent growth in reenues, GoPro couldn't meet the forecast as sales on new products were not encouraging. However, the company sees growing demand in overseas markets such as Japan, South Korea and China.
Nov 01, 2015 9:13 PM EST
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
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