Business

Tesla Motors Teasing Tweet Causes Speculation About Unveiling of Super Car 'The D'

Erika Villanueva   | Oct 03, 2014 02:58 AM EDT

Tesla Motors Chief Product Architect Elon Musk teased his followers on Twitter Thursday about an upcoming new vehicle from the company only labeled as 'the D.' read more

Warren Buffet Acquires Van Tuyl Group, Invests in 5th Largest Automobile Dealership in U.S.

Erika Villanueva   | Oct 03, 2014 02:50 AM EDT

American business mogul Warren Buffett begins his trek into the automobile industry by acquiring the Van Tuyl Group, one of the largest private automotive dealers in the United States. read more

Verizon Abandons Internet "Throttle" Plan

Mitch de Leon   | Oct 02, 2014 10:56 PM EDT

In an announcement made on Wednesday, Verizon declared that it will be abandoning its proposal to "throttle" the internet connection during peak hours. If it had not been cancelled, this scheme would have purportedly affected its clients who availed of the company's unlimited data plans. read more

JPMorgan Admits Being Victim to Cyber Attack, 76 Million Households and 7 Million Small Businesses Affected

Mitch de Leon   | Oct 02, 2014 09:50 PM EDT

JPMorgan Chase announced on Thursday that 76 million households and 7 million small businesses had been subject to a breach that occurred in its computer systems over the course of the summer. read more

Shanghai's Congen Massage In Trouble, Founder And Investors Missing

Acsilyn Miyazaki   | Oct 02, 2014 07:00 PM EDT

A Shanghai massage chain is now on hot water after cancelling membership prepaid cards and leaving workers unpaid for as long as five to six months. read more

Yahoo Earns $9.4 Billion from Selling Alibaba IPO

Qi Qin   | Oct 02, 2014 07:00 PM EDT

According to the U.S. Securities and Exchange Commission, Yahoo earned $9.4 billion from selling Alibaba shares in its initial public offering (IPO), Sina Technology News reported on Thursday. read more

Apple's Matching Contribution Program Raised US$50 Million for Charity

Ren Benavidez   | Oct 04, 2014 04:00 AM EDT

Three years after Apple Chief Tim Cook announced the company will match its employees' donations, the program has reached more than US$50 million for charity. read more

Stockton's Bankruptcy Case has yet to be Decided

Staff Reporter   | Oct 02, 2014 07:10 PM EDT

The final decision for Stockton, California's bankruptcy case has been left uncertain on Wednesday as the final ruling was moved to the end of October, in accordance with the order of the judge presiding over the case. Christopher Klein, a judge for U.S. Bankruptcy, also stated that he is not in the position to make any decision as of the moment. read more

Stocks Start October With a Drop

Ren Benavidez   | Oct 02, 2014 07:00 PM EDT

The United States financial market welcomed October with a rocky start as the Dow Jones industrial average on Wednesday dipped by more than 200 points amid economic problems in the U.S. and all over the world. read more

The New Pepsi True Hits Amazon

Staff Reporter   | Oct 02, 2014 07:00 PM EDT

PepsiCo, the creators of our all-time-favorite soda is about to launch its latest soft drink, Pepsi True. This is said to be a mid-calorie soda and is going to be sold via Amazon.com, expected to be out around the second week of October. read more

Li Keqiang Meets with “Friendship Award” Foreign Experts

Qi Qin   | Oct 02, 2014 03:17 AM EDT

Chinese Premier Li Keqiang met with the 30th Annual Chinese government awardees during the 2014 "Friendship Award" of foreign experts and their relatives at the Great Hall of the People in Beijing on Tuesday. read more

Chicago Poised to Host Annual US-China Business Summit

Marcel Woo   | Sep 30, 2014 10:43 PM EDT

Chicago officials are gearing up for the scheduled annual business and trade summit with China set on December, which will see 100 American and Chinese trade officials and business leaders gathering to discuss commercial relationships. read more

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