Business

Harvard Endowment Bigger Than Half the World's Economies

Ren Benavidez   | Sep 26, 2014 04:03 AM EDT

Harvard University's endowment reported a 15.4 percent investment gain for the fiscal year 2014, which brought the endowment assets to US$36. 4 billion, the largest reported in the country's universities. read more

Jimmy John's Reports Data Breach at 216 Stores

Ren Benavidez   | Sep 25, 2014 07:37 PM EDT

Jimmy John's confirmed on Wednesday that approximately 216 of its stores have been affected by a data breach, which is feared to have impacted several customers' information. read more

GoBank Partnering with Wal-Mart Incorporates Personal Banking

Staff Reporter   | Sep 25, 2014 03:22 AM EDT

As announced on Wednesday, September 24, Wal-Mart is incorporating personal banking while a partnership with Green Dot creates a new banking experience for their valued customers. Both parties have introduced GoBank, which is a mobile banking service housed for checking accounts. This is going to be available in Wal-Mart retail stores sometime in October this year. read more

Alibaba Founder, Jack Ma, Turns into China's Biggest Catch

Staff Reporter   | Sep 25, 2014 09:01 PM EDT

Jack Ma, co-founder of Alibaba Group Holdings Ltd., is now considered the wealthiest person in China. The country's annual list, Hurun Report, shows that Ma gained a net worth of $25B on Friday and now is the nation's biggest catch. read more

Google and HTC Nexus 9 Tablet Release Favor Both Companies

Staff Reporter   | Sep 24, 2014 08:11 AM EDT

Google and HTC have formed a partnership for the new 9-inch Nexus tablet because of its shaky relationship with rival tech giant Samsung. read more

Apple iOS 8's Focus on Privacy and Security An Edge over Android

Staff Reporter   | Sep 24, 2014 08:10 AM EDT

Apple successfully launched their new iPhone 6 and iPhone 6 Plus recently, and they took the perfect opportunity to highlight security and privacy. According to analysts, Apple will have a competitive advantage against Android because its ecosystem is robust paving for more business opportunities. read more

Starbucks to Buy Out Japanese Partner to Take Control

Staff Reporter   | Sep 24, 2014 03:47 AM EDT

Popular US coffee chain Starbucks is reportedly buying out its Japanese partner in a deal that costs $914m (£559m). The buyout will offer the company more control over operations and decisions. read more

China's Fosun Bids for Espirito Santo Saude in Hospital Wars

Staff Reporter   | Sep 24, 2014 03:26 AM EDT

Fosun, China's biggest privately-held conglomerate, has joined a bidding war for the Portuguese hospital operator Espirito Santo Saude (ESS). read more

Philadelphia Federal Reserve President Charles Plosser Retires Next Year

Staff Reporter   | Sep 24, 2014 02:54 AM EDT

President of the Philadelphia Federal Reserve Bank, Charles Plosser, will be retiring from his post next year. Known as one of the sharpest internal critics of the central bank’s loose monetary policy, Plosser’s retirement could possibly alleviate pressure to increase interest rates more quickly. read more

New Vigorous Tax Rules on Offshore Corporate Inversions

Staff Reporter   | Sep 24, 2014 10:34 PM EDT

The United States' administration have set up a much vigorous rule for alterations in the overseas-corporate field on September 22, Monday. This has given an enormous effect in the stock market as it rates go down south. Controversial deals have been spreading around which is why there is a possibility that there would be enormous changes to the country's tax codes. read more

PayPal Engulfing Bitcoin: A Better Way to Process Online Payments

Staff Reporter   | Sep 24, 2014 12:48 AM EDT

PayPal now accepts Bitcoin payments as part of their integral project, which was recently announced on Tuesday, September 23. Valued customers can now start using Bitcoin for their online payments along other cryptocurrency processors, which include Coinbase, BitPay, and GoCoin. read more

Apple Continues iPhone 6 Winning Streak with 10 million Units Sold

Staff Reporter   | Sep 24, 2014 12:42 AM EDT

Apple's success continues as it posted double digits during the first weekend of the iPhone 6 series. The company sold more than 10 million iPhone 6 units showing strong demands and independence from China - the world's largest phone market. read more

Trades of China and US: Tagging Along in the Stock Market

Staff Reporter   | Sep 24, 2014 03:09 AM EDT

China's distressing position in the stock market seem to be getting worse as their oil prices continue to drop on Monday, September 22. This has been deemed as their largest fall in what was said to be a seven-week streak. read more

Unexpected China Data Pushes Asian Shares

Staff Reporter   | Sep 23, 2014 12:41 PM EDT

China's manufacturing industry springs up at it surpassed expectations improving September performance and pushing Asian markets higher this Tuesday. read more

Government Offers $30 Million to SEC Whistleblower

Staff Reporter   | Sep 23, 2014 06:50 AM EDT

Offering fraudulent tips and other information about illegal financial transactions earned an anonymous tipster $30 million from the Security and Exchange Commission. The payment seeks to encourage other people to offer leads on fraudulent activities they are aware of. read more

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