Business

U.S. Wireless Spectrum Bids Surpass $30 Billion

David Curry   | Nov 22, 2014 04:20 AM EST

The U.S. wireless spectrum sale has surpassed $30 billion overall, a far cry from the $10.1 billion analysts predicted before auctions began. read more

Food Donation Bin for Walmart Employees Seen Outside OKC Storefront

David Perry   | Nov 21, 2014 03:47 PM EST

U.S. retail giant Walmart has drawn the ire of consumer advocates when a store in Oklahoma put out a food collection bin asking visitors to donate food to Wal-Mart employees. read more

China Film Group to Adapt 19 Chinese Best-Selling Novels Into Movies

Cory Doyle   | Nov 21, 2014 03:35 PM EST

China Film Group revealed 24 new film projects including 19 novel adaptations and five original film ideas. read more

China Lowers Interest Rates to Spur Growth, Reverse Slowdown

Michael A. Katz   | Nov 21, 2014 02:30 PM EST

In a surprise move, China's central bank cut interest rates for the first time in two years. read more

Wal-Mart Stops Price-Matching Policy ‘Due To Fraud’

Andrian Darylle Torralba   | Nov 21, 2014 10:26 AM EST

After several customers were able to get the $400 console for under $100 through faking product listings, Wal-Mart announced its "locked-down" on its own price matching policy, CNBC reports. The five-decade old retail store reacted after a number of its purchasers used fraud to get the Playstation 4 at a very low price. read more

Dow Jones And S&P 500 Return to Record Highs, Indicators Of Strong U.S. Economy

Vittorio Hernandez   | Nov 21, 2014 02:12 AM EST

The Dow Jones added 33.27 points or 0.2 percent on Thursday, hiking the Dow to 17,719, the second time it broke a record this week after it registered 17,687.82 on Tuesday. Reckoned from January, the Dow has gone up 6.9 percent in 2014. read more

Survey Ranks Retailers with Biggest Black Friday Discounts

Cory Doyle   | Nov 20, 2014 05:11 PM EST

Personal finance website WalletHub conducted a survey consisting of over 5,500 2014 Black Friday deals with ads of 22 of the most popular retailers in the U.S. and recently released the results. read more

Scammers Trick Wal-Mart Into Selling PlayStation 4s for $90

Cory Doyle   | Nov 20, 2014 03:40 PM EST

Wal-Mart announced its new price match guarantee, but many consumers took advantage read more

Alibaba Gets $57 Billion in Bond Order Bonanza as Ma Warns of 'Most Dangerous Moment'

Michael A. Katz   | Nov 20, 2014 02:54 PM EST

Alibaba Raises $57 Billion in Bond Bonanza read more

Ma Says Alibaba Will Launch International Version of Taobao

Michael A. Katz   | Nov 20, 2014 11:07 AM EST

Alibaba founder Jack Ma said the company plans to launch an international version of its popular ecommerce marketplace Taobao in multiple languages. read more

Steep Discounts in Apple's China Apps Store Could be Due to UnionPay

Cory Doyle   | Nov 19, 2014 03:06 PM EST

Apple has implemented some of the cheapest rates in the world on apps in China's iOS App Store. read more

Seven U.S. Blue Chips Pay More to CEOs than They Pay in Taxes

David Perry   | Nov 19, 2014 03:29 PM EST

The companies cited were quick to point out that whatever their salary policies were, they still were in line with with law and paid the IRS what they owed. read more

Three Chinese Automakers To Recall More Than 500,000 Cars

Marcel Woo   | Nov 18, 2014 03:02 AM EST

Due to suspected defects in fuel pumps, more than half a million cars in mainland China will be recalled by three Chinese automakers, the country's quality watchdog announced today. read more

Nikkei Bounces As Market Awaits Word On Vote, Tax; Sony Soars On Revenue Plan

Christian George Acevedo   | Nov 19, 2014 09:30 PM EST

Japan’s stock market make a rapid rebound Tuesday morning as investors are keeping their eyes on Prime Minister Shinzo Abe if he would (or would not) call for a snap election while thinking of how boost the country’s contracted economy that has eventually fell into recession in the third quarter. read more

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