Business

Abercrombie Looks to Lure Back Teens by Dropping Logo

Mia Lindog   | Aug 29, 2014 11:37 PM EDT

Abercrombie & Fitch Co. reported weaker sales on Thursday as the teens who once flocked its stores are now going elsewhere to buy their clothes, the Associated Press reported. read more

Microsoft's CEO to Visit China in September

Andy Vitalicio   | Aug 28, 2014 03:32 AM EDT

Microsoft's Chief Executive Officer Satya Nadella is planning to visit China in September, as the world's second-largest economy continues an anti-trust investigation into what is considered the world's biggest software supplier and other major foreign companies. read more

SnapChat Valued At $10 Billion Based on New Investment

Mia Lindog   | Aug 27, 2014 05:01 AM EDT

Snapchat Inc., a start-up offering a photo messaging application that automatically deletes the messages at a set period, has been valued at close to $10 billion dollars, with several venture capitalist ready to pour in money into the company despite the lack of revenue. read more

Publicity from Airplane Passenger Fight Boosts Knee Defender Sales

Mia Lindog   | Aug 27, 2014 03:16 AM EDT

A device that prevents a plane seats from reclining is experiencing brisk sales after it received free publicity from the news coverage it got for starting a fight between passengers in the US. read more

Antitrust Prompts Google to cancel Twitch Purchase

Princess Carreon   | Aug 27, 2014 10:50 AM EDT

Amazon has one of its biggest deals ever by acquiring the rights to game-streaming service juggernaut, Twitch - a brand Google refused to come into terms with. read more

US Airways and American Airlines Will Stop Flight Listings in Orbitz Website

Princess Carreon   | Aug 27, 2014 10:46 AM EDT

U.S. Airways and American Airlines will pull flight listings from Orbitz website for the inability to reach a long term agreement. read more

Amazon Buys Gameplay Broadcaster Twitch

Mia Lindog   | Aug 26, 2014 07:21 AM EDT

E-commerce giant Amazon.com, Inc. announced plans to buy video game broadcaster Twitch for $970 million, which is seen to be part of its effort to reach out to gamers and strengthen its web-hosting business. read more

Australian Vintage Partners with COFCO for Wine Push in China

Mia Lindog   | Aug 26, 2014 04:55 AM EDT

Australian Vintage, maker of the wine brand McGuigan, signed a distribution deal with China's largest food processor, manufacturer and trader, the state-owned COFCO, a development that will make its product available in one of the largest growing wine market. read more

Forming Joint Ventures is a Subtle Form of Expropriation According to German Auto Parts Makers

Princess Carreon   | Aug 26, 2014 01:42 PM EDT

In order for the three unnamed German auto parts to continue their operation in China, they have to form joint ventures with the local companies. read more

Heinz Food Scare In China Shows Need For Tighter Tracking Of Ingredients

Mia Lindog   | Aug 26, 2014 03:15 AM EDT

The recent food scare in China concerning infant cereal by food maker H.J. Heinz Co. highlights the need to further improve tracing of ingredients in a country where these can come from a multitude of sources, Reuters reported. read more

Burger King In Talks Regarding Tim Hortons Acquisition

Ren Benavidez   | Aug 25, 2014 05:13 PM EDT

Burger King announced on Sunday that it is currently in talks about buying Canadian coffee and doughnut chain, Tim Hortons, the New York Times reported. read more

Iconic Florida Citrus Threatened By Invasive Brown Bug

Erika Villanueva   | Aug 25, 2014 08:03 AM EDT

The $9 billion orange industry in Florida now faces a grave threat as an incurable tree disease holds the spotlight. read more

Amazon To Challenge Google In Online Ad With Own System

Mia Lindog   | Aug 23, 2014 07:21 AM EDT

Amazon.com Inc. is looking to go toe-to-toe with Google in online advertising, with plans to launch its own system for ad placements based on its database of Web shoppers, the Wall Street Journal reported. read more

Goldman Forks Over $3.15 Billion To End Mortgage Case

Don Carreon   | Aug 23, 2014 04:55 AM EDT

Goldman Sachs has finally agreed o pay a record $3.15 billion to the government in exchange for dropping of charges brought by federal authorities related to the financial crisis. read more

McDonald's Names New President In US Amid Sales Funk

Mia Lindog   | Aug 23, 2014 03:05 AM EDT

American Fast food giant McDonald's Corp. named a new president for its flagship U.S. chain, in move seen to reverse its flagging sales in that market. read more

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