Business

Waldorf-Astoria Sale to Chinese Firm Still Held Up by U.S. Over Security Concerns

Dan Weisman   | Nov 18, 2014 07:39 AM EST

Although Hilton Worldwide Holdings Inc. (HLT.N) last month announced a nearly $2 billion deal to sell its flagship Waldorf Astoria New York hotel to a Chinese insurance company, the deal is still in limbo. read more

GameStop Black Friday Deals on Consoles, Games Leaked

Cory Doyle   | Nov 17, 2014 04:31 PM EST

Black Friday ads for GameStop have been leaked showing discounted prices on gaming consoles and games. read more

Nokia's 'Up to Something' in Hardware, Will Reveal Plans Nov. 18

David Curry   | Nov 17, 2014 12:24 PM EST

The part of Nokia not owned by Microsoft has announced it is returning to the hardware business, and will reveal details on November 18. read more

Japan's Economy Slides Into Recession Amidst Tax Hike

Christian George Acevedo   | Nov 17, 2014 10:47 AM EST

Japan’s economy, considered as the world’s third largest, has contracted at 1.6 percent in the July-September quarter, the government said Monday. read more

China, Australia Free Trade Deal Sealed

Nyrene Grace Patricia Paranga   | Nov 17, 2014 11:48 AM EST

China and Australia have sealed on Monday the Chinese-Australia Free Trade Agreement as Chinese President Xi Jinping made an admirable address to parliament in Canberra. read more

China to Double Investments in Iran

Christian George Acevedo   | Nov 17, 2014 06:33 AM EST

China aims to double the size of its investments in Iran’s energy sector, revealed a top Iranian official, days away from the World Power-set deadline over the country’s nuclear program. read more

Actavis nearing deal to buy Botox-maker Allergan: Reports

Christian George Acevedo   | Nov 17, 2014 08:24 AM EST

Botox manufacturer Allergan, in its bid to evade an aggressive buyout by Valeant Pharmaceuticals, is set to ink the deal with drug-maker Actavis PLC instead, sources familiar of the possibilities of said transaction can reveal. read more

The World is Running Out of Chocolates, and China’s Appetite is Growing

Vittorio Hernandez   | Nov 16, 2014 07:25 AM EST

Should millions of chocolate lovers around the world push the panic button? Two manufacturers of this favorite dessert item warned about the looming shortage as demand for chocolates keeps going up, while supply of cocoa - the key ingredient - is dwindling. read more

4 Dead in DuPont's Texas Plant Chemical Leak

Vittorio Hernandez   | Nov 16, 2014 04:20 AM EST

A chemical used to manufacture insecticides and fungicides at DuPont's plant in La Porte, Texas, leaked on Saturday, killing four workers and injuring one. read more

China, Myanmar Sign Deals Worth $7.8 Billion

David Curry   | Nov 15, 2014 11:57 AM EST

In a move to cooperate better with its neighbors, China has announced $7.8 billion in deals with Myanmar, covering energy, agriculture, telecommunications, infrastructure and finance. read more

China Links 2 Giant Stock Markets with Combined Offering of $2 Trillion

Vittorio Hernandez   | Nov 15, 2014 04:00 AM EST

Beginning on Monday, November 17, foreign fund managers in Shanghai and Hong Kong could access each other's stock exchanges, allowing investors from both markets to purchase or sell stocks in either direction. However, under the Shanghai-Hong Kong Stock Connect program, there would be a daily quota limit and aggregate cap. read more

Sina Weibo Reports Third Quarter Financial Results

Qi Qin   | Nov 14, 2014 09:22 PM EST

Although Weibo has not yet earned profits, its CEO Gaofei Wang said that net revenues and user numbers are still increasing rapidly. read more

China’s Singles Day: One in Four Sales Returned

Qi Qin   | Nov 14, 2014 08:59 PM EST

China’s Singles Day Sale gross merchandise value reached RMB 57.1 billion ($9.3 billion). However, not all of those sales were legit. read more

iQiyi to Add 1,000 U.S. Hollywood Movie Titles to its Platform

Cory Doyle   | Nov 14, 2014 05:39 PM EST

iQiyi announced it will be offering a total of one thousand U.S. Hollywood movie titles available to its Mainland China movie-fans. read more

Wal-Mart Employees to Protest on Black Friday For Higher Wages

Cory Doyle   | Nov 14, 2014 03:55 PM EST

Wad-Mart employees are planning to protest during the biggest shopping day of the year in an effort to push for higher wages. read more

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