Business

Nearly All U.S. Home Depot Stores Hit in Possible Security Breach

Katie Collom   | Sep 04, 2014 02:50 AM EDT

New information gathered from the cyber world indicates that most of the Home Depot stores across the U.S. have been hit in a massive credit and debit card breach, reports state. read more

Job Loss In U.S. Attributed To China Imports

Des Cambaliza   | Sep 03, 2014 10:29 AM EDT

Chinese imports were not entirely to blame for the U.S.economy losing between 2 million to 2.4 million manufacturing jobs from 1999 to 2011, according to a recent study. The U.S. lost abiut 560,000 jmanufacturing jobs from 1999 to 2011, researchers said. read more

More Workers Claiming Wage Theft Demand Fair Pay

Ren Benavidez   | Sep 02, 2014 05:19 PM EDT

Employees across California join in lawsuit as more workers demand fair wages and complain about wage theft by employers. read more

Halliburton Strikes US$1.1 Billion Settlement Over U.S. Gulf Oil Spill

Rhona Arcaya   | Sep 02, 2014 12:56 PM EDT

The U.S. oil services provider will pay the amount over the next two years in three instalments under the deal, which is subject to court approval. read more

Bank Says New Funding Rule Makes Trading More Expensive

Ren Benavidez   | Sep 02, 2014 03:03 PM EDT

A new global rule is being proposed to force banks into safer funding, which will reportedly make short-selling more expensive. read more

Li Ning Company Suffers First Half Net Loss of US$100 Million

Ren Benavidez   | Sep 02, 2014 08:18 AM EDT

Former Chinese gymnast Li Ning built a sportswear business valued at about US$4 billion in 2010, now, the business is at an all time low. read more

Atlantic City's US$2.4 Billion Revel Casino Shuts Down

Marcel Woo   | Sep 02, 2014 03:24 AM EDT

Revel Casino, Atlantic City's newest and costliest casino, is shutting down on Tuesday morning, a little more than two years after opening. read more

US Group Says Foreign Firms Feel Targeted in China's Anti-Trust Probes

Marcel Woo   | Sep 02, 2014 01:13 AM EDT

A survey conducted by the American Chamber of Commerce showed that foreign companies in China feel that they are targeted by the country's anti-monopoly investigation, which in turn could affect foreign investment. read more

North Carolina Offers Toyota US$100 Million to Relocate But Loses to Texas

Marcel Woo   | Sep 01, 2014 09:46 PM EDT

Despite its offer of more than US$100 million as incentive money for Toyota to move its headquarters to Charlotte, North Carolina lost out to a Texas offer which is less than US$50 million. read more

China Opens World's Largest Duty Free Shop in Hainan

Marcel Woo   | Sep 01, 2014 07:49 PM EDT

The world's largest duty free store officially opened in the coastal city of Sanya in the southern island province of Hainan on Monday, attracting thousands of shoppers on its opening day. read more

President Obama Reiterates Call for Minimum Wage Increase

Marcel Woo   | Sep 01, 2014 07:31 PM EDT

U.S. President Barack Obama reiterated his call for Congress to increase the federal minimum wage, saying the American economy is now better off. read more

Alibaba Expected to Launch US IPO Next Week

Marcel Woo   | Sep 01, 2014 03:17 AM EDT

Industry insiders believe China's largest e-commerce company, Alibaba Group, will launch its much anticipated US initial public offering (IPO) early next week. Trading should begin around Sept. 18. read more

China's Manufacturing Activity Slows in August

Marcel Woo   | Sep 01, 2014 02:59 AM EDT

China manufacturing PMI expanded at 51.1 in August, the slowest pace in three months, the National Bureau of Statistics (NBS) and China Federation of Logistics and Purchasing (CFLP) announced on Monday. read more

Chinese Banks Shift Focus Amid Slowing Economy and Mounting Bad Debts

Rhona Arcaya   | Sep 01, 2014 12:30 AM EDT

Sluggish profit growth in the manufacturing sector has prompted Chinese banks to look to food, healthcare and information technology industries to increase revenue. read more

JP Morgan Hacked; Rumors Fly About Consumer Personal Information Being Stolen

Cory Doyle   | Aug 30, 2014 06:46 AM EDT

"The security of your Chase accounts is one of our highest priorities", JP Morgan/Chase states after multiple rumors of an important data breach started spreading days ago throughout multiple cyber security circles. Rumors of personal information breaches and unauthorized fund withdraws have been making their way around, while JP Morgan relinquishes zero information on the validity of these claims. read more

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