Business

Rigid 2013-2014 Winter Means U.S. Road Salt Supplies Running Low

Staff Reporter   | Oct 01, 2014 02:54 AM EDT

Due to rigid winter weather in the United States last year, road salt supplies may be dwindling this season, causing prices to rise as local government prepares for the winter season. read more

GoPro Goes Big With New Hero Cameras, Record High Stock Price

dweisman   | Sep 29, 2014 11:21 PM EDT

Action camera maker GoPro said Monday, it would bring three new camera models to market sending its stock price to record highs. GoPro, listed as GPRO on Nasdaq, shot up to more than $90 when markets closed Monday base on news of the new camera roll-out. read more

Alibaba Eyes Hong Kong Version of Yu'E Bao

Mitch de Leon   | Sep 30, 2014 06:49 AM EDT

Alibaba is reportedly eyeing the possibility of creating a Hong Kong version of its widely used Chinese money market fund. read more

Asian Stocks Continue to Fall as Hong Kong Protests Make the U.S. Dollar Shine

Staff Reporter   | Sep 30, 2014 05:43 AM EDT

Stock markets for global equity appeared to fall on Monday as Wall Street found itself affected by Hong Kong's destructive police baton charges and violent tear gas exchanges with pro-democracy protesters. read more

DreamWorks Animation: Game Plan to Acquire SoftBank

Staff Reporter   | Sep 29, 2014 03:01 AM EDT

DreamWorks, the creators of the all-time favorite movies, "Madagascar", "Shrek" and "Kung Fu Panda", is claimed to be selling their company to SoftBank Corp, Japan's telecommunications firm, according to a person familiar with the matter. read more

Pimco Loses $10B as Investors Withdraw after Gross Exits

Staff Reporter   | Sep 29, 2014 06:05 AM EDT

Pimco losing Bill Gates made a huge impact to the company causing investors to withdraw about $10B right after the Wall Street Journal announced the departure on Friday, September 26. read more

US Shares Fell after Apple's Update on iOS 8

Staff Reporter   | Sep 28, 2014 09:15 PM EDT

The U.S. shares fell by 38 percent after Apple's update on their operating system, iOS 8, leading technology stocks to be shaken on Thursday, September 25. read more

US Bank Refunding over $48M for Services Customers Never Recieved

Staff Reporter   | Sep 29, 2014 02:57 AM EDT

On Thursday, September 25, the US Bank made a federal settlement to refund nearly $48M for improper charges for credit card services that consumers did not get. read more

U.S. Economy Expands at Fastest Pace in Second Quarter

Ren Benavidez   | Sep 27, 2014 11:10 PM EDT

The United States economy grew at its fastest pace in the second quarter since 2011, expanding at an annual rate of 4.6 percent from April to June, the Department of Commerce reported. read more

China and Spain Ink Deals Worth at US$4 Billion

Acsilyn Miyazaki   | Sep 26, 2014 04:20 PM EDT

China and Spain signed deals worth US$4 billion after Spanish Prime Minister Mariano Rajoy visited China. read more

$10 Billion Fake Trades Uncovered in China

Staff Reporter   | Sep 26, 2014 04:11 AM EDT

China has recently uncovered $10 billion worth of fake trades as part of their nationwide crackdown on local companies. The currency regulator said that around 15 fraud cases have already been handed over to the police for prosecution. According to the allegations, Chinese companies reportedly falsify records and transactions to get money in and out of China. read more

New BNP Rating Drives Coal Producers to Drop and China H Shares to Fall

Staff Reporter   | Sep 26, 2014 04:20 AM EDT

The Chinese government has uncovered almost $10 billion in fraudulent trade, which has led to the drop in China’s stock in Hong Kong. read more

China's Xi Jinping May Replace PBOC Chief Over Fiscal Disagreements

Staff Reporter   | Sep 26, 2014 04:12 AM EDT

Due to disagreements over the direction of the financial policy of China, leaders are discussing whether or not to replace the Central Bank Chief. read more

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