Business

Zynga to Cut Workforce by 18% and Shuts Down Data Centers to Reduce Annual Expenditure by $100 Million

Aishwarya Bhatt   | May 07, 2015 09:02 AM EDT

Zygna declared that they are planning to cut their workforce by 18 percent and close down data centers in order to reduce its annual expenditure by $100 million. Recently the company reported losses amounting to millions and this is a brazen move in an apparent bid to cut down expenditures. read more

Chinese Group Now Owns US Chip Maker OmniVision

Marcel Woo   | May 05, 2015 10:15 AM EDT

A Chinese investment group led by Hua Capital Management, a private equity company based in Beijing, has acquired US-based chip manufacturer Omnivision Technologies after paying USD1.9 billion, the American technology firm has confirmed. read more

More Chinese Airlines Flying From China to US

Marcel Woo   | May 05, 2015 09:57 AM EDT

Going from China to the United States has now become easier as more Chinese airlines are flying from the mainland to the US than the other way around, the Center for Asia Pacific Aviation (CAPA) revealed. read more

More Stimulus Measures Seen As China Factory Data Falls

Marcel Woo   | May 04, 2015 10:04 AM EDT

China's weak manufacturing data has again revived talks that the central Chinese government could soon announce more stimulus measures to keep the economy from further slowing down. read more

China Raids Uber Office in Guangdong

Marcel Woo   | May 04, 2015 08:47 AM EDT

Chinese authorities swooped into the Guangzhou office of US-based car services firm Uber on suspicion that the company operates without a license in the capital of Guangdong Province, China. read more

Dave Goldberg, Husband Of Facebook COO Sheryl Sandberg Dies At 47

Soledad Mayo   | May 05, 2015 01:24 AM EDT

Dave Goldberg, the CEO of Survey Monkey has died unexpectedly on Friday, May 1 at the age of 47. Goldberg is the husband of Sheryl Sandberg, the COO of Facebook. read more

China Plans To Expand Strategic Interest In Antarctica

Cybelle Go   | May 04, 2015 11:53 PM EDT

Xi Jinping, the president of China, who has traveled from Europe, Pacific and Carribean Islands pursuing his nation's strategic interest, is now planning to establish a mark on another far region, the Antarctic, according to NY Times. read more

Siemens Healthcare Unit Investigated By Chinese Regulatory Board For Bribery

Cybelle Go   | May 03, 2015 08:16 PM EDT

Siemens AG was investigated by the Chinese regulatory board last year because of a speculation that the head of health care unit division bribed health care facilities in purchasing high priced disposable products for use in medical devices, Reuters reports. read more

Chinese Investors Visit Martin Aircraft's 3D Printing Facility in New Zealand

Eana Maniebo   | May 01, 2015 05:42 AM EDT

New Zealand-based Martin Aircraft welcomed a delegation of Chinese investors to its titanium 3D printing facilities. The visit is very timely as China's titanium 3D printing industry is rising. read more

Nickel Trades Higher Due to Supply Constraints

Eana Maniebo   | Apr 30, 2015 04:53 AM EDT

Nickel prices hit a one-month high this week as a strike at one of the world's largest nickel mines signaled reduced supply prospects. read more

Microblogging Site Victim Of Twitter Leak

Vittorio Hernandez   | Apr 29, 2015 09:20 AM EDT

Twitter is blaming science firm Selerity and NASDAQ for the 18 percent drop in the shareprice of the popular microblogging site on Tuesday because of the leak of Twitter's quarterly result on - where else, but Twitter. read more

Apple Reveals 61 Million iPhone Sales, Beats Analyst Expectations

David Curry   | Apr 28, 2015 07:59 PM EDT

Apple has revealed its earnings report for the second quarter of 2105, and the results are better than expected. It managed to sell 61 million iPhones and sales in the Mac and services market were up compared to last year. read more

Chipotle: No More GMO Food

Vittorio Hernandez   | Apr 28, 2015 07:55 PM EDT

The Mexican fast food chain that is drawing crowds, Chipotle, made dining history on Monday by announcing it would no longer serve genetically modified food. The move is in response to a growing public clamor against GMO food. read more

Corinthian Colleges To Close Remaining Campuses After U$30M Misrepresentation Fine

Dino Lirios   | Apr 26, 2015 11:41 PM EDT

As a result of the United States Department of Education fining Corinthian Colleges US$30 million for misrepresentation, the remaining 28 ground campuses are set to shut down, with as much as 16,000 students to be displaced by the action. read more

Apple Wins Siri Patent Appeal In China

Vittorio Hernandez   | Apr 25, 2015 09:16 AM EDT

Cupertino-based Apple is on a roll again. With record-breaking sales of its Apple Watch came another court victory in China over patent infringement. read more

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