Business

McDonald's Kicks Out CEO Due to Lackluster Sales

Marcel Woo   | Jan 28, 2015 09:45 PM EST

McDonald's has replaced Don Thompson as CEO following months of lackluster results that caused the company's shares to go down last year. read more

US Oil Company Seeks Chinese Investors

Marcel Woo   | Jan 28, 2015 09:28 PM EST

American Energy Impact, a US oil company, is looking for Chinese investors to take part in its Texas project that involved six oil wells. read more

GoDaddy Pulls Super Bowl Ad after Animal Cruelty Uproar

Geann Pineda   | Jan 28, 2015 07:43 AM EST

Web hosting company GoDaddy pulls its controversial Super Bowl spot after being blasted by animal lovers. read more

CNN, News Organizations Look to Snapchat for the Future of News

Dino Lirios   | Jan 27, 2015 10:41 PM EST

Major news agencies like CNN look to partner up with the fast-growing and famous chat app, Snapchat. They look to capitalize on the app's capability of sharing news stories and entertainment. Will their aspirations be realized with Snapchat? read more

Barbie-Maker’s CEO Quits Amid Shrinking Doll Sales

Raymond Legaspi   | Jan 27, 2015 11:36 AM EST

The chief executive officer of Barbie maker Mattel has stepped down after the company announced a hefty retreat in global sales during the critical holiday season in the last quarter of 2014. read more

Pressure Builds on Foreign Law Firms in China

Geann Pineda   | Jan 27, 2015 07:26 AM EST

Foreign law firms face tough times in China amid the growing pressure for them to succeed. read more

Uber To Cap Surge Pricing During East Coast Snowstorm

Geann Pineda   | Jan 27, 2015 12:20 AM EST

Taxi app Uber has agreed to put a cap to its prices as the Northeast Coast battles a snowstorm. read more

Tesla To Launch New Models In China

Geann Pineda   | Jan 27, 2015 12:15 AM EST

Tesla Motors Inc. plans to roll out new models in China, a move it hopes will help improve its operations there. read more

SkyMall Seeks Bankruptcy Protection

Raymond Legaspi   | Jan 26, 2015 10:37 AM EST

Struggling in-flight seller SkyMall has filed for bankruptcy protection, after sales plummeted due to competition for passengers' attention from tablets and mobiles that are now allowed to be turned on before and during a flight. read more

Expedia Acquires Rival Travelocity for $280M

Raymond Legaspi   | Jan 26, 2015 10:13 AM EST

Travel website Expedia buys flight-and-hotel booking site Travelocity for $280 million in cash. read more

Prices of Chicken Wings Flying High Due to Drop in Supply

Vittorio Hernandez   | Jan 26, 2015 10:07 AM EST

While chicken wings are now bigger, it's also more expensive - sports fan who will watch the Super Bowl on Sunday will find out. read more

Kia Motors Recalls 86,880 Forte Sedans in the U.S. Due to Overheating

Vittorio Hernandez   | Jan 26, 2015 10:04 AM EST

Kia Motors' 2014 Forte sedan's cooling fan resistor has a tendency to overheat and melt, risking burning the vehicle and possibly its riders. There have been several units that had engine fires possibly due to the faulty resistor, although no injuries of accidents were reported. read more

As Yuan Grows, Interest on the Chinese Currency Also Grows Globally

Dino Lirios   | Jan 26, 2015 05:39 AM EST

Yuan or renminbi, the currency of China, is continually rising in the world as reported by ratings agency Fitch. read more

Apple Opens Massive Store in Hangzhou, China

Vittorio Hernandez   | Jan 26, 2015 12:54 AM EST

In a bid to get a bigger slice of the Chinese mobile phone market dominated by local firms Xiaomi, Huawei and ZTE, U.S. phone giant Apple opened a massive outlet on Saturday in Hangzhou. read more

Uber Makes Its Way Back Into India With Taxi License Application

Cory Doyle   | Jan 25, 2015 09:38 PM EST

Uber was recently banned in India following an incident where one of its passengers was raped, but that is not stopping the transportation app company from finding ways to potentially continue offering its services in the country. read more

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