Business

Schmidt says Amazon is Google's Biggest Rival

David Curry   | Oct 14, 2014 09:51 AM EDT

Google works in a lot of competitive markets, including search, email, cloud storage, video. But according to Google Chairman Eric Schmidt, e-commerce giant Amazon is the company's biggest rival. read more

China Buys Local Companies, Dominates Italian Market

Rubi Valdez   | Oct 14, 2014 09:25 PM EDT

Local Italian business owners are gradually selling properties and investments to Chinese partners as the country faces a deeper economic recession for the third time in six years. Europe's weakening domestic and local markets mean higher taxes, lesser employment opportunities, and lower wages. read more

Chinese Imports-Exports Exceeded 3rd Quarter Expectations, but Analysts Warn of “Short-Lived” Growth

Rubi Valdez   | Oct 14, 2014 09:29 PM EDT

Chinese imports and exports surge higher than expected from the September data, the General Administration of Customs reported, an indicator of steady local and international markets. However, experts warn governments of a "short-lived" improvement and possibly more aggressive domestic demands despite current surge of demands from external markets. read more

Traders Quit After Bank Bans Bad Behavior

Michael A. Katz   | Oct 13, 2014 07:00 PM EDT

After introducing a policy of punishing traders who exhibit improper behavior, Deutsche Bank has seen some of its top talent walk out the door. read more

Trade Data Eases China's Growth Concerns

Michael A. Katz   | Oct 13, 2014 04:42 PM EDT

Despite struggling to maintain its GDP growth rates for much of the year, China reported much higher-than-expected export and import data for September. read more

iPhone 6s Surpass 20 million Pre-Orders in China

David Curry   | Oct 13, 2014 03:57 PM EDT

Apple has reportedly surpassed 20 million pre-orders in China, a few days before the iPhone 6 and iPhone 6 Plus launch in the region. read more

Apple Pay Launches This Week, Will it Become the New Standard?

David Curry   | Oct 13, 2014 09:54 AM EDT

Payment service Apple Pay will launch this week online and at 220,000 retailers in the U.S. But will it become the new standard for mobile payments? read more

Boeing Lands 50 Jet Order Worth $4.9 Billion

Staff Reporter   | Oct 13, 2014 12:00 PM EDT

Boeing announced Sunday that Indonesia's flag carrier airline ordered 50 jets worth $4.9 billion. read more

U.S. Experts Confident of Gradual Economic Recovery Amid International Risks

Rubi Valdez   | Oct 13, 2014 12:00 PM EDT

The U.S. economy sees a potentially brighter future with stronger dollar growth amidst a weakening European and Asian market forecast. Based on Standard & Poor Indices for 2013, U.S. foreign sales recorded 46.3 percent revenue after a decline that can also be attributed to instability of major economies. read more

Driverless Cars Just Five to Six Years Away

David Curry   | Oct 12, 2014 03:01 PM EDT

Tesla recently announced "the D", their second edition Model S with all-wheel-drive and autopilot, but CEO Elon Musk still thinks driverless cars are five to six years away from being a reality. read more

Sapphire Screen Manufacturer Wants to Drop Apple Contracts

Marc Maligalig   | Oct 12, 2014 12:30 AM EDT

It described its contracts with Apple as "oppressive and burdensome." read more

Humble Vegetable Vendor Donates $330,000 to Charity, Puts Tuhao to Shame

Michael A. Katz   | Oct 11, 2014 07:10 PM EDT

Amid the surging conspicuous wealth and luxury of modern China, 63-year old vegetable vendor Chen Shu Chu has put the nouveau riche to shame by donating $330,000 to charity. read more

U.S. to Fine Chinese Firms Importing Cleaning Chemicals

Michael A. Katz   | Oct 10, 2014 03:42 PM EDT

The U.S. Department of Commerce said it will levy fines against Chinese companies importing into the chlorinated isocyanurates U.S. , which are used as sanitizing, disinfecting and bleaching agents. read more

Chinese Tourists Unfazed by Hong Kong Protests

Michael A. Katz   | Oct 10, 2014 02:44 PM EDT

The recent protests and demonstrations in Hong Kong have not deterred Chinese tourists from visiting the city as tourist numbers surge beyond last year's numbers. read more

Chinese IPOs Skyrocket

Michael A. Katz   | Oct 10, 2014 02:06 PM EDT

Between July and September of this year, 54 Chinese companies launched initial public offerings, raising nearly $30 billion. read more

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