Business

Big US Firms: Pro Gay Marriage; Court Sets April 28 As Debate Date

Dino Lirios   | Mar 06, 2015 05:27 AM EST

Big ticket companies in the US support the gay marriage cause on Thursday as the US Supreme Court (SC) calendared debates on the issue on April 28 this year. This is considered one of the biggest social issues to bring about one of the most significant court decisions for the year. read more

McDonald's To Ban Chicken Treated With Human Antibiotics

Arlene Lim   | Mar 06, 2015 12:28 AM EST

McDonald's is set to ban the use of chicken treated with antibiotics commonly used for humans for the next two years. read more

AbbVie To Buy Pharmacyclics In US$21B Deal

Dino Lirios   | Mar 05, 2015 11:02 PM EST

AbbVie Inc plans to purchase Pharmacylclics Inc. for approx. $21 billion to beef up its pipeline and make available to it one of the leading blood cancer treatment drugs, Imbruvica, and eventually broaden its scope in the oncological medicine. read more

DIY Goods Website Operator Etsy Intends to Raise $100 Million From IPO

Genalyn R.Corocoto   | Mar 05, 2015 09:34 AM EST

Handmade goods website operator Etsy Inc. has filed with U.S. regulators for an intial public offering of common stock Wednesday and intends to raise $100 million from the IPO. read more

US-China Bilateral Investment Treaty Showing Signs of Progress

Marcel Woo   | Mar 04, 2015 08:35 AM EST

A top US Stated Department official revealed that the ongoing talks for a bilateral investment treaty between the United States and China are showing signs of progress, even as the two countries have different opinions on several issues. read more

Asiana Airlines, Passengers Reach Settlement for 2013 Crash

Geann Pineda   | Mar 04, 2015 07:33 AM EST

Asiana Airlines and the more than 70 passengers onboard Flight 214 that crashed in San Francisco in 2013 have agreed to a settlement on Tuesday. read more

Target To Cut Thousands of Jobs in US, India

Marcel Woo   | Mar 04, 2015 05:42 AM EST

Minneapolis-based discount retailer Target said it will cut several thousands of jobs as part of its overall plan for a US$2 billion cost-saving strategy in the next two years. read more

China HSBC Service PMI Up on Growing New Orders

Dino Lirios   | Mar 04, 2015 05:10 AM EST

The HSBC/Market Services Purchasing Managers' Index (PMI) in China rose to 52.0 in February, up from January's service PMI of 51.8 and slightly above the 50-pt. mark that demarcates a monthly activity contraction from growth. read more

Feds Raid Alleged ‘Maternity Tourism’ Businesses Catering To Chinese

LJ Ross   | Mar 04, 2015 02:30 AM EST

Federal agents raided on Tuesday several hotels in California which are suspected to be involved with “maternity tourism” that enables pregnant Chinese women to travel in the U.S. and have their infants born as U.S. citizens before returning back to China. read more

Greek Bail Out Part 3 Rumors Abound: EU Officials Deny Claims

Dino Lirios   | Mar 03, 2015 09:27 AM EST

Rumors of a third financial rescue plan for Greece, which is believed to amount to 30 billion to 50 billion euros, are circulating but European Union (EU) officials deny any discussions taking place. read more

Disappointing Recent US Data Cue Weaker Q1 Expansion

Dino Lirios   | Mar 03, 2015 09:02 AM EST

US consumer spending, which accounts for over two-thirds of the nation's economic activity, slipped for a second time in a row in January to 0.2 percent, after faltering 0.3 percent in December. read more

Marks & Spencer to Enter Key Chinese Cities This Year

Marcel Woo   | Mar 03, 2015 08:50 AM EST

Major British multinational retailer Marks & Spencer announced plans to enter key cities in China as part of its investment plans for Asia this year. read more

Hyundai Recalls 200K Elantras Over Steering Defect

Arlene Lim   | Mar 03, 2015 08:23 AM EST

Hyundai is pulling over 200,000 of its Elantra sedans out of the market due to defect in steering wheel. read more

Real Time Analytics