Business

Uber's Legal Status in China Still Uncertain

Cory Doyle   | Jan 25, 2015 09:23 PM EST

Transportation mobile app company Uber still faces uncertainty with providing its services in China following a recent announcement from China's Ministry of Transport about a crackdown on private cars charging for rides. read more

Netflix Claims Popcorn Time is a Major Threat

David Curry   | Jan 26, 2015 04:55 AM EST

Piracy streaming site Popcorn Time is hitting the radar of big media corporations and Netflix, who claim it is a serious threat. read more

Mario Draghi Comes Up With Plan that May Actually Work

Dino Lirios   | Jan 23, 2015 02:12 PM EST

Mario Draghi magically pulls a proverbial rabbit out of a hat, as he dodges the quantitative easing (QE) disappointment and presents a plan that might actually work. read more

China Injects $8 Billion into Banking System to Help Revive Economy

Dino Lirios   | Jan 23, 2015 01:24 PM EST

In an effort to address a seasonal cash squeeze that is worsened by capital outflows, China's central bank will be injecting 50 billion yuan - equivalent to $8 billion - into their banking system effectively increasing its re-lending quota. read more

Dentons, China's Dacheng Merge to Form World's Largest Law Firm

Geann Pineda   | Jan 23, 2015 12:46 PM EST

Dentons is merging with China’s Dacheng Law Offices, a move that will create the world’s largest law firm. read more

Air China Gets Facebook Award Despite Site Ban

Geann Pineda   | Jan 23, 2015 12:44 PM EST

Facebook awarded Air China for its best use of the social networking site, despite it being blocked on the mainland. read more

Missouri Car Dealers Sue State Department For Allowing Direct Tesla Sales

David Curry   | Jan 23, 2015 03:52 AM EST

Missouri's car dealership association has pushed a new lawsuit against direct Tesla sales. read more

Slew of Apple Stores to Open in China Amid Rapid Mainland Expansion

Michael A. Katz   | Jan 22, 2015 01:24 PM EST

Apple is rapidly expanding its Chinese operations, as it will open its 14th Apple Store in mainland China in Hangzhou this Saturday, January 24, and will debut three more new stores in less than a month. read more

Ebay To Cut 2,400 Jobs in Wake of Icahn Pact

Dino Lirios   | Jan 22, 2015 01:36 PM EST

In the wake of the new Icahn Pact, Ebay is planning on laying off as many as 2,400 employees, or 7% of the company's total workforce. read more

China’s Dalian Wanda Shoots, Scores with 20% Stake in Atletico Madrid

Michael A. Katz   | Jan 21, 2015 02:07 PM EST

Real estate giant Dalian Wanda Group has become the first mainland Chinese company to own part of an elite European soccer team, acquiring a 20 percent stake in Spanish league soccer champions Atletico Madrid for 45 million euros ($52 million). read more

Fox Loses Court Battle To Dish Network Over Ad-Skipping Device

David Curry   | Jan 21, 2015 11:41 AM EST

Dish Network has won the right to offer skippable advertisements on its digital recording device the Hopper. read more

China Says U.S. Still World’s Largest Economy

Michael A. Katz   | Jan 20, 2015 10:44 AM EST

The head of China's National Bureau of Statistics (NBS) said that contrary to reports, China has not overtaken the U.S. as the world's largest economy. read more

China Reports Weakest Economic Growth in 24 Years

Michael A. Katz   | Jan 20, 2015 10:25 AM EST

China's economic growth in 2014 slowed down to the its weakest expansion in 24 years, according to the country's National Bureau of Statistics (NBS). read more

Oxfam Claims Richest 1% Will Control Over 50% Of World's Wealth By 2016

David Curry   | Jan 20, 2015 01:52 AM EST

Oxfam has issued a warning on the subject of economy, claiming the richest 1% will control more than the rest of the world combined. read more

Google In Talks For $1 Billion Investment In Space X

David Curry   | Jan 20, 2015 01:57 AM EST

Google is looking for a big chunk of Elon Musk's space pie, attempting a $1 billion investment in Space X. read more

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