Business

Apple, Tesla Motors Locked in Poaching War

David Curry   | Feb 06, 2015 09:50 AM EST

Apple has been in a poaching war with Tesla over engineers for the past few years, with hundreds of employees switching between the two companies. read more

Radioshack Files For Bankruptcy, Sprint Will Take Over Stores

David Curry   | Feb 06, 2015 08:19 AM EST

Radioshack has officially filed for Chapter 11 bankruptcy, ending 95 years of selling electronics and gadgets. read more

Sony Chairman Amy Pascal Leaves Company Following Hacking Scandal

David Curry   | Feb 06, 2015 08:46 AM EST

Sony Pictures Entertainment Amy Pascal is leaving the company, following various private comments leaked to the press. read more

Under Armour Buys Two Fitness Apps For $560m

Geann Pineda   | Feb 05, 2015 11:49 AM EST

Sports clothing company Under Armour is buying two fitness apps for a whopping $560m. read more

Chinese Airline Plans To Offer Standing Room Slots at Cheaper Ticket

Geann Pineda   | Feb 05, 2015 12:22 PM EST

Chinese budget carrier Spring Airlines plans to offer passengers a standing room slot in the flight, at a discounted ticket. read more

China Central Bank Cuts RRR to 19.5%; Markets Mixed

Dino Lirios   | Feb 05, 2015 01:06 PM EST

Markets across Asia reacted differently on news of the central bank of China following its regional neighbors' monetary stimulus movements. read more

Yum China Sales Fall in Q4

Dino Lirios   | Feb 05, 2015 12:53 PM EST

Yum Brands, Inc (YUM), the company that owns household fast food chains KFC and Taco Bell, posts disappointing fourth-quarter sales in China, its biggest market for revenues and profit. read more

Alibaba Uses Drones In Deliveries For The First Time

Desiree Sison   | Feb 05, 2015 01:01 PM EST

Alibaba, China's largest e-commerce company, is using drones for deliveries of orders and products to customers in the mainland for the first time. read more

Lenovo 3rd Quarter Revenue Beats Expectations

Dino Lirios   | Feb 05, 2015 04:20 AM EST

Lenovo Group Ltd announced that its third-quarter revenue soared 31% to $14.1 billion, astonishing investors. This is attributed mainly to its mobile arm's sales surging 109% to $3.39 billion, with over $10 million coming from its Motorola handsets. The doubling of the mobile division's sales represent a quarter of the company's total sales. read more

Asian Shares Advance On Bullish Oil And U.S. Markets

Dino Lirios   | Feb 04, 2015 08:00 PM EST

The greater Asian markets sustained its hawkish streak led by energy gains and the oil price rebound. read more

This Man Dethrones Jack Ma as China's Richest Person

Marcel Woo   | Feb 04, 2015 02:14 AM EST

Hanergy Holdings Chairman Li Hejun has toppled Alibaba founder Jack Ma as China's richest man this year, the Hurun 2015 Global Rich List showed. read more

Google May Directly Compete with Uber in Transpo Services

Dino Lirios   | Feb 03, 2015 12:12 AM EST

Google Ventures, the search engine's venture capital group and one of Uber's largest investors at $258 million back in August 2013, explores the ride-sharing market with the unique possibility of using its revolutionary driverless car for the project. read more

Sprint Could Take Over Half of Radio Shack stores on talks of a shutdown

Dino Lirios   | Feb 03, 2015 01:00 AM EST

The near-century old Radio Shack Corp. readies shutting up shop on a bankruptcy deal that would have Sprint Corp. gaining half its stores and shutting down the rest of the electronic retailer's chain. read more

Asian Markets Upbeat on New Greek Debt Deal and Oil Recovery

Dino Lirios   | Feb 03, 2015 01:55 AM EST

Asian markets soar on Monday as investors are hopeful for the Greek debt deal and a continued recovery of oil prices. read more

Saudi Arabian King’s Actions, Rise in Crude Oil Price Boost Dubai Stocks

Vittorio Hernandez   | Feb 02, 2015 08:38 PM EST

The two-month salary bonus ordered last week by the new Saudi Arabian ruler, King Salman, and the rise in crude prices translate into better performance of the Dubai bourse. read more

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