Business

Crude oil dips below $60 a barrel

Staff Reporter   | Dec 12, 2014 04:33 AM EST

Crude oil prices settled below $60 a barrel Thursday as renewed selling pressure pushed benchmark prices to new five year lows. And the carnage may not be over yet. read more

Jack Ma: Asia’s Richest Man

Phenny Lyn de Vera   | Dec 12, 2014 02:48 AM EST

Chinese entrepreneur and philanthropist Jack Ma has been recently by Bloomberg Billionaires Index to be the Asia’s richest man. Ma who is founder and executive chairman of China’s Alibaba Group has surpassed Hong Kong property tycoon Li Ka-shing in terms of net worth. Li has been holding the top spot since April 2012. read more

China's Alibaba Expands into Gaming, But Tencent Dominates Industry

Cory Doyle   | Dec 11, 2014 02:33 PM EST

List of the top-grossing iOS apps in China: 13 of the top 20 were games developed by Tencent. read more

The Silk Railway: freight train from China pulls up in Madrid

Raymond Legaspi   | Dec 11, 2014 08:34 AM EST

A new rail record was made on Tuesday, when a train that left the Chinese city of Yiwu arrived at its final destination, Madrid, to make the world's longest ever rail journey, reports Xinhua. read more

Singapore Firm Pumps $100 Million Into China Media, Entertainment

Staff Reporter   | Dec 11, 2014 07:17 AM EST

Singapore private equity firm Tembusu Partners and media entrepreneur Calvin Cheng have teamed up with the founder of China's largest private film distributor to set up a $100 million private equity fund that will invest in the Chinese media and entertainment industry. read more

Alibaba’s International Online Market Has Security Flaws: Israeli Expert

Vittorio Hernandez   | Dec 11, 2014 05:22 AM EST

An Israeli security expert has warned of weaknesses in Chinese e-commerce giant Alibaba's website that places both sellers and buyers at risk. But Alibaba insisted it had already addressed the security issues. read more

Hallmark Pulls Out Swastika Design Wrappers For Hanukkah

Lui Francisco   | Dec 12, 2014 08:58 PM EST

The company Hallmark Cards Inc. recently pulled out their latest design for gift wrappers for the Hanukkah season. Apparently, the design has a swastika embedded in which a customer saw after purchasing from Walgreens in Northridge, California. read more

Classier Coaches To Be Expected From Airline Companies

Lui Francisco   | Dec 12, 2014 08:31 PM EST

For frequent fliers who know how it is to sometimes feel uncomfortable riding coach class for long hours of flights, it is a dream come true to experience a classier and definitely a more comfortable ride without needing to pay for more. This idea is now being thought of by airline owners to please and give good service to their passengers on the economy class. read more

Walgreens CEO Wants To Retire After Merging With Alliance Boots

Lui Francisco   | Dec 12, 2014 02:44 AM EST

The company Walgreen Co’s CEO Greg Watson is about to retire and pass on the baton of responsibilities for the moment to the head of Alliance Boots Holdings Ltd. It is a decision that would make the company progress in the industry of pharmacy in the United States. read more

Google News To Be Shut Down In Spain Due To New Law

Riley Grant   | Dec 12, 2014 08:05 PM EST

Google's news product is not going to be available in Spain from now on, as the country's publishers would want charges from the tech giant each time they show snippets of their materials on their site. read more

Diversity In Silicon Valley According To Rev. Jackson

Riley Grant   | Dec 12, 2014 02:43 AM EST

Known Baptist minister and civil rights activist Rev. Jesse Jackson, has been so busy this year, encouraging tech companies to hire more Black and Latinos along with women. read more

Google Makes Android Smart Watch Faces Customizable

Riley Grant   | Dec 11, 2014 03:59 PM EST

Android smart watch owners can now customize the design of their smart watch faces on the new update that Google Play Store made for Android Wear on December 11. read more

KFC Struggles to Make Sales in China

Riley Grant   | Dec 12, 2014 01:15 PM EST

KFC's owner Yum Brands, faces difficulty trying to profit in China because of the poor sales the company has made this year. read more

T-Mobile Offers Unlimited Data In New Family Plan

Raymond Legaspi   | Dec 10, 2014 08:25 AM EST

T-Mobile's new family plan gives everyone unlimited data. read more

Korean Air exec resigns after in-flight tantrum over improperly served nuts

Staff Reporter   | Dec 10, 2014 07:13 AM EST

A Korean Air executive resigned on Tuesday after she throwing a tantrum over how her airline nuts were served on Friday. read more

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