Business

Ford Reports 54% Drop in Q3 Profits to $1.2 Billion

Staff Reporter   | Oct 25, 2014 03:59 AM EDT

Ford Motor is optimistic that despite a 54 percent decline in its third quarter profit to $1.2 billion, the carmaker would have better results in the next quarter and 2015. read more

Streaming Mediamaker Roku Considers IPO to Raise $150 Million

Vittorio Hernandez   | Oct 25, 2014 12:38 AM EDT

Streaming mediamaker Roku is considering an initial public offering (IPO) estimated to raise up to $150 million fresh capital. read more

Italian luxury brand Gucci has found a new China head who will take over the previous China chief who quit just 18 months on the job.

Marcel Woo   | Oct 24, 2014 11:23 PM EDT

Italian luxury brand Gucci has found a new China head who will take over the previous China chief who quit just 18 months on the job. read more

Investors Flee After Amazon Reports Q3 Loss of $437 M; Largest Quarterly Loss in 14 Years

Vittorio Hernandez   | Oct 24, 2014 11:57 PM EDT

Is American e-commerce giant Amazon (AMZN.O) feeling the heat from the competition posed by the September New York debut of bigger rival Alibaba (BABA) from China, or is the company reeling from poor management decisions? read more

Microsoft Cloud Catches Fire, Surface Sales Doubled

David Curry   | Oct 24, 2014 10:50 AM EDT

Microsoft has had an impressive first quarter, with cloud business growing exceptionally year-on-year and Surface sales doubling. read more

Amazon Reports Larger-than-Expected Q3 Loss

David Curry   | Oct 24, 2014 08:36 AM EDT

Amazon.com is reporting a $544 million operating loss in their Q3 earnings call, with CEO Jeff Bezos citing more losses to come. read more

AMC Takes Full Operational Control of BBC America: What to Expect

Rubi Valdez   | Oct 24, 2014 09:17 AM EDT

AMC Networks Inc. announced on Thursday that it is now in-charge of BBC America following its acquisition of $200 million or 49.9 percent stakes of the cable TV channel. read more

Facebook CEO Mark Zuckerberg Not Only Speaks Mandarin, Also Hires Chinese Students

Vittorio Hernandez   | Oct 24, 2014 06:00 AM EDT

China experts believe that it will take more than a 30-minute Q&A session spoken in Mandarin for Facebook founder Mark Zuckerberg to convince the Chinese government to open its doors to the most popular social media site in the world. read more

US Tech Company that Underpaid Indian Workers Deemed ‘Worse than Sweatshops’

Erika Villanueva   | Oct 24, 2014 02:25 AM EDT

A U.S. tech company in Silicon Valley has been fined $43,000 worth of wages and penalties in what labor regulators deemed as ‘worse than sweatshops.’ read more

Sears Shares Rise on News of 116 Stores Closure and Axing of 6,000 Employees; Retailer Describes Report as Inaccurate

Vittorio Hernandez   | Oct 24, 2014 02:11 AM EDT

News that American retailer Sears Holdings would close 116 stores and axe 6,000 workers causes shareprices of the company to rise 4.5 percent to $35.95 on Thursday. But Sears was quick to correct the report, saying it is inaccurate. read more

FCC Pauses Comcast-Time Warner Cable, AT&T-DirecTV Mergers

David Curry   | Oct 23, 2014 09:17 AM EDT

The Comcast-Time Warner Cable and AT&T-DirecTV mergers have both been paused, following an investigation from the FCC to see if Dish and other competitors should be able to see Comcast's contracts. read more

China, APEC Member-Countries Vow To Create More Jobs

Desiree Sison   | Oct 23, 2014 04:02 AM EDT

China and the rest of the APEC leaders have pledged to promote job creation read more

Huawei 2014 Sales on Pace to Beat Forecast

Michael A. Katz   | Oct 22, 2014 12:56 PM EDT

Contrary to earlier reports, Chinese networking and telecommunications equipment company Huawei is on pace to exceed its revenue estimates for the year. read more

Mark Zuckerberg’s Appointment In Chinese Business School Opens Possibility For Facebook To Reenter China

Rubi Valdez   | Oct 22, 2014 08:15 AM EDT

It's a win-win situation for China and Facebook's chief executive Mark Zuckerberg especially that Tsinghua University School of Economics and Management has now partnered with one of the largest social media sites. Analysts said that the move could open the gates for Facebook to dominate the Chinese online communities that have long been banned since 2009. read more

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