Business

China Raids Underground Banks in $23 Billion Sting Operation

Michael A. Katz   | Nov 14, 2014 11:03 AM EST

Police in China have raided more than 10 "underground banks," and arrested scores of suspects in a $23 billion sting operation. read more

Reddit CEO Yishan Wong Resigns

Christian George Acevedo   | Nov 14, 2014 11:36 AM EST

Yishan Wong, Reddit’s chief executive officer, resigned from the company’s top post two and a half years after he assumed office. read more

Tencent Holdings Lands Distrbution Deal With Warner

David Curry   | Nov 14, 2014 09:23 AM EST

Tencent Holdings has penned the rights to distribute Warner music on its own music streaming service, QQ Music. read more

Microsoft Acquires Cyber Security Startup Aorato

David Curry   | Nov 14, 2014 09:56 AM EST

Microsoft has acquired Israeli cyber security startup Aorato, for an undisclosed price reportedly around $200 million. read more

Tencent Struggles to Find Growth in Mobile Gaming Industry

Cory Doyle   | Nov 14, 2014 09:01 AM EST

Chinese Internet giant Tencent Holdings Limited has been struggling to find growth in the mobile gaming industry, as evident with the company's 2014 third quarter results that were released yesterday. read more

Amazon and Hatchette End Dispute

Christian George Acevedo   | Nov 13, 2014 07:29 PM EST

Amazon and Hachette have announced that they have resolved their differences, entering a multiyear agreement ending a publishing dispute that already ballooned into a major cultural and business conflict. read more

China's Investment Growth Skids to 13-Year Low

Michael A. Katz   | Nov 13, 2014 04:38 PM EST

More bad news has come in for China’s economy as October’s fixed-asset investment grew at its slowest pace in 13 years. read more

Gallup Survey Finds Male Bosses Preferred Over Women

Dan Weisman   | Nov 13, 2014 03:31 PM EST

Data from previous Gallup work and education polling conducted in August found one-third of those surveyed preferred a male supervisor while 20 percent preferred a woman. Last year, 23 percent said they preferred a woman boss. read more

Alibaba Market Cap Larger Than Facebook, GE, Walmart

David Curry   | Nov 13, 2014 08:30 AM EST

Alibaba is Chinese largest export on the NYSE stock market, but how big is the company, compared to other large US businesses? read more

NBA's New Partnership With FanDuel Could Lead to Bigger Opportunities

Cory Doyle   | Nov 12, 2014 07:05 PM EST

The NBA has announced a new multi-year partnership today with FanDuel. read more

China Signs First Ever Civil Airplane Contract With U.S.

Michael A. Katz   | Nov 12, 2014 04:51 PM EST

Harbin Aircraft Industry Group has been contracted to deliver 20 high wing twin-engine turboprop planes to a U.S. airline in China's first ever civil aircraft deal with the U.S. read more

How Best Buy's Black Friday Doorbuster Prices Compares to Wal-Mart, Target

Cory Doyle   | Nov 12, 2014 05:00 PM EST

Best Buy has officially unveiled its 2014 Black Friday deals. Here's how they stack up against the competition. read more

Wal-Mart's Black Friday Doorbuster Deals include 50" 1080p HDTV for $218

Cory Doyle   | Nov 12, 2014 04:55 PM EST

Wal-Mart has unveiled its Black Friday event time structure and some of their "doorbuster" deals. read more

Alibaba's Singles' Day Sales Tops $9.3bn Prediction

Christian George Acevedo   | Nov 12, 2014 09:54 AM EST

Alibaba, China’s largest online retailer, trumped speculations and earned a whopping $9.3bn in sales during the 'Singles' Day' shopping event. read more

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