Business

Apple's Real Worth is US$1 Trillion, Not US$700 Billion, Carl Icahn Says

Marcel Woo   | Feb 12, 2015 10:20 AM EST

American businessman Carl Icahn believes that Apple Inc's worth is not just US$700 billion but more than US$1 trillion. read more

Expedia to Acquire Orbitz In a Deal Worth US$1.6 Billion

Marcel Woo   | Feb 12, 2015 08:55 AM EST

Online travel agency Expedia will soon own rival online travel booking company Orbitz for about US$1.6 billion, sources said. read more

Baidu Shares Fall, Q4 Revenue Disappoints

Geann Pineda   | Feb 12, 2015 07:00 AM EST

China's top search engine, Baidu Inc., saw less than expected revenue this recent quarter as more Chinese citizens are switching from personal computers (PC) to mobile devices. read more

World's Richest People Identify 10 Cities They Prefer to Live In

Marcel Woo   | Feb 12, 2015 04:04 AM EST

The world's richest individuals have picked 10 cities that they would like to live in and buy properties, the Wealth-X and Sothebys joint report showed. read more

Lower Oil Prices Won't Lift China's Economy in 2015 - Moody's

Marcel Woo   | Feb 12, 2015 03:40 AM EST

Despite the decrease in the global oil prices, China's economic growth will continue to be lackluster this year and in the next year, said Moody's Investors Service in a report. read more

International Firms Invest $115 Million in French IoT Firm Sigfox

Sami Ghanmi   | Feb 11, 2015 10:52 AM EST

Major international companies including South Korea's SK Telecom, Spain's Telefónica and Japan's mobile phone operator NTT Docomo are investing US$115 million in French Internet of Things (IoT) company, Sigfox. read more

Apple to Buy US $850 Million Worth of Solar Energy

Dino Lirios   | Feb 11, 2015 08:49 AM EST

Apple Inc. plans to buy US $850 million of energy from First Solar Inc in order to cut its energy costs. read more

Halliburton-Baker Hughes Deal Face Second Antitrust Review

Dino Lirios   | Feb 11, 2015 08:09 AM EST

Antitrust regulators in the US are seeking more information from Halliburton Co. and Baker Hughes Inc. about a proposed US $35 billion merger between the two oilfield service companies. read more

US Firms Less Welcome in China, Survey Says

Dino Lirios   | Feb 11, 2015 07:14 AM EST

According to the 17th annual business climate survey by the American Chamber of Commerce in the People's Republic of China (AmCham China), a majority of US Firms feel they are being "targeted" by Chinese authorities, mainly citing intensified internet censorship and increased company probes as their reasons. read more

Newsweek Twitter Hacked by CyberCaliphate

Dino Lirios   | Feb 11, 2015 03:33 AM EST

Newsweek was recently intruded upon as hackers have taken over the magazine's social media account. These hackers have also infiltrated the account of Delta Air Lines Inc., and one of Twitter Inc.'s top executives. read more

South China Sea Gas Field Boasts 100 Cubic Meter Yield

Christl Leong   | Feb 11, 2015 12:34 AM EST

China's recently discovered gas field in the disputed South China Sea could yield up to 100 billion cubic meters of natural gas, the state-owned China National Offshore Oil Corporation (CNOOC) said on Saturday. read more

Tesla CEO Warns Of Firings After Dreary China Sales

Dino Lirios   | Feb 10, 2015 11:50 PM EST

Elon Musk, Tesla Motors Inc. Chief Executive Officer is said to be ready to let go off overseas executives due to underwhelming sales of the company's luxury electric cars in China. read more

Wealthy Chinese Park Money From New York High-Rises to Suburban Houses

Raymond Legaspi   | Feb 10, 2015 09:01 PM EST

Plush apartments in New York City's upscale neighborhood, Manhattan, are the favorite playgrounds of China's wealthy. But in recent months, these well-heeled real estate investors chose new properties away from the city center, toward the leafy suburbs of Gold Coast in North Shore and Long Island. read more

Home Depot Needs 80,000 More Workers For Spring

Marcel Woo   | Feb 10, 2015 09:27 AM EST

America's largest home-improvement retailer, Home Depot, is hiring more than 80,000 seasonal workers to meet the demand during the spring selling season. read more

China's Consumer Inflation Hits 5-Year Low

Marcel Woo   | Feb 10, 2015 03:06 AM EST

China's consumer prices grew less than expected in January to hit its lowest pace in more than five years, latest government data released on Tuesday showed. read more

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