Business

China Decides to Back Off on Apple and Samsung

Staff Reporter   | Sep 24, 2014 12:49 AM EDT

The increased security concerns of China could lead them to back-off from using Samsung and Apple models in place of other vendors. Under national security, the industrial insiders take a peak at a possible government-led ban for other brands that are globally distributed. read more

Chinese Companies Receive Permit to Export Meat to Russia Following Lift of 10-Year Ban

Erika Villanueva   | Sep 23, 2014 05:17 AM EDT

After passing a thorough evaluation, two of China’s Henan Shuanghui Investment and Development Co. subsidiaries received authorization to export frozen pork to Russia following a 10-year ban in Chinese pork imports. read more

Alibaba Drops 4 Percent on Second Day of Trading

Staff Reporter   | Sep 24, 2014 12:43 AM EDT

Alibaba's second day of trading dropped 4 percent from their market debut on Friday, September 19 at the New York Stock Exchange. read more

Volkswagen Prepares for Luxury Sedan Release in China, Poses Threat to Audi

Staff Reporter   | Sep 22, 2014 04:48 AM EDT

Next year, Volkswagen AG will be launching a luxury sedan designed solely for China, which is the country with the largest population in the world. This move shows VW’s pursuit of higher margins, but it could put it in direct competition with its premium brand, Audi. read more

Alibaba's IPO Not Open for Chinese Investors Causing Conflict of Interest

Staff Reporter   | Sep 22, 2014 04:37 AM EDT

Alibaba's U.S. record breaking IPO has made its value soar to US$231 billion. This has made Jack Ma the richest man in China, with his shares valued at $19 billion. The company is now worth more than both eBay and Amazon combined. However, it appears that interested Chinese investors won't be able to take part in it as funding and government constraints hinder domestic parties from purchasing company shares. read more

Alibaba Worth More than Coke and Facebook at US$231B, Silicon Valley Awed but Threatened

Staff Reporter   | Sep 22, 2014 04:31 AM EDT

Alibaba's IPO made headlines following its record-breaking valuation at $231 billion, which surpassed Coke's and Facebook's worth. With shares starting at $68 and now hovering around $93, the company has been performing quite well even for Silicon Valley standards, posing threats to players like eBay and Amazon. read more

Apple No Longer Got the ‘Cool Factor’ Effect as Customers Speak Up

Staff Reporter   | Sep 22, 2014 04:25 AM EDT

Apple remains one of the most popular technology brands but some dispute its standing claiming that it has lost its “cool factor.” The company recently announced its new hardware and software cycles but consumer reactions are mixed with some favoring Android over the Cupertino-based brand despite reportedly more innovative offerings. read more

United Airlines Turns Attention to Time and Technology Upgrades

Staff Reporter   | Sep 22, 2014 04:20 AM EDT

A gloomy start of the year has prompted United Airlines to work out better on-time rates. United's arch income officer, Jim Compton, announced during an aviation gathering that the company will be taking on a new approach to planes and airports removing 50-seat informal jets from its lineup. read more

Alibaba's Market Debut Hits an Astonishing 38%

Staff Reporter   | Sep 20, 2014 09:13 PM EDT

Alibaba Group Holding Limited's shares ascended to an astonishing 38% mark in their first day of trading on Friday, September 19 which may rank them as the largest IPO of all time. read more

China Holds Up On iPhone 6: Revving Up the Black Market

Staff Reporter   | Sep 20, 2014 12:17 PM EDT

Apple Inc. recently launched iPhone 6 and iPhone 6 Plus on Friday, September 12 across Asia and some parts of Europe. Opportunists lined up to buy the much-awaited release of these pieces of technology as it finally hits the market. read more

China's Coal Ban to have Less Impact on Australian Mining than Expected

Staff Reporter   | Sep 19, 2014 01:38 PM EDT

China's government has vowed to finally get tough in its "war on pollution." Coal, which provides over 70% of China's electricity, is in the firing line. read more

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