Business

China May Allow Individuals to Invest Overseas

Michael A. Katz   | Oct 10, 2014 01:15 PM EDT

The Chinese government is mulling over whether it should allow individuals to invest directly in oversease markets and exchanges, said a central bank official. read more

GM, Ford Report Strong Sales in China

Michael A. Katz   | Oct 10, 2014 11:17 AM EDT

U.S. automakers GM and Ford saw significant sales increases during the first three quarters of 2014 and for the month of September. read more

Snapchat Hackers Post Nude Photos Online

Ren Benavidez   | Oct 10, 2014 05:28 PM EDT

Hundreds and thousands of hacked nude photos and videos sent through Snapchat could be uploaded over the weekend, hackers have threatened. read more

China Plans To Ease Capital Controls To Boost Yuan Value

Rubi Valdez   | Oct 10, 2014 05:52 AM EDT

China is advancing efforts to internationalize the value of its currency through overseas investments and allowing local companies to sell yuan-denominated stocks to Europe and neighboring Asian countries. read more

China's Baidu Buys Control of Brazil's Peixe Urbano in South America Expansion Effort

Ren Benavidez   | Oct 10, 2014 04:59 AM EDT

The second biggest online search engine, China's Baidu, has bought control of Brazil's Peixe Urbano, in an effort to expand further into Latin America's market. read more

Red Bull To Refund Customers Over False Claims

Dan Weisman   | Oct 09, 2014 10:16 PM EDT

In case energy drinkers didn't realize already, contrary to Red Bull advertising, the caffeine-infused beverage doesn't give them wings. And now, Red Bull is probably going to pay for making that false claim following a consumer class action court settlement Thursday directing the company refunding $10 to each Red Bull drinker. Those filing claims can receive $15 in Red Bull products if they don't want the cash. read more

Amazon to Open First Store in New York City

David Curry   | Oct 09, 2014 04:57 PM EDT

Amazon is looking to open its first physical store in New York City, where customers will be able to return, swap and collect products from the Amazon online store. read more

U.S. Group Urges China to Speed Up Economic Reforms

Michael A. Katz   | Oct 09, 2014 04:06 PM EDT

A group of U.S. companies that does business with China is calling on that country's government to speed up implementation of proposed economic reforms. read more

Alibaba invests $50 million in Peel, an app for TV junkies

David Curry   | Oct 09, 2014 04:41 PM EDT

Alibaba invests $50 million into Peel, a US startup that allows users to control their TV with a phone or tablet, instead of a regular TV remote. read more

Ferrari's Ex-Chief Engineer Heads to BMW

Rhona Arcaya   | Oct 09, 2014 10:31 AM EDT

Roberto Fedeli will be joining BMW in November after more than 25 years at Ferrari. Industry experts say BMW's decision to hire him reflects the Munich-based company's efforts to maintain its position as Germany's no. 1 premium carmaker amid tough competition. read more

Apple Named Best Global Brand in 2014

David Curry   | Oct 09, 2014 12:35 PM EDT

Apple has been named the Best Global Brand once again, the technology sector continues to dominate the list. read more

Most Chinese Remain Skeptical About KFC In China

Rubi Valdez   | Oct 09, 2014 12:10 PM EDT

Chinese consumers are still skeptical about KFC products sold across China following an incident of improper food handling that sparked the biggest scandal in this chain of fast food restaurants. read more

Yum, Owner of KFC and Pizza Hut, Cuts Profit Forecast in China After Food Scandal

Desiree Sison   | Oct 08, 2014 08:00 AM EDT

Amid the second food scare in China, Yum Brands, owner of fast food chains Pizza Hut and KFC, has decided to lower its sights and make do with a lower profit forecast for this year. read more

Wal-Mart Announces No More Healthcare Benefits for Part-Time Workers

Mitch de Leon   | Oct 08, 2014 12:05 AM EDT

In an announcement made via blogpost on Tuesday, Wal-Mart Stores, Inc. will be eliminating the benefits received by some of its part-time workers, as well as require its roughly 1.3 million employees to pay additional costs for premium healthcare insurance plans. read more

Chinese Car Rental Company eHi Files for US IPO

Qi Qin   | Oct 07, 2014 09:55 PM EDT

Chinese car rental company eHi Car Services, Ltd. filed an F-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) on Friday, Oct. 3, to raise up to $200 million. read more

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