Business

Google Acquires Product Design Company Gecko

Ren Benavidez   | Aug 23, 2014 03:26 AM EDT

Google announced on Friday its acquisition of Gecko Design Inc. to be a part of the search engine giant's product development unit. read more

IBM Partners With Rival Inspur in China

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

International Business Machines Corp. (IBM) and Inspur Group, Ltd. are opting to band together instead of duking it out, in a partnership seen to benefit both companies businesses in China. read more

American Woman Guilty Of Embezzling From Chinese Company

David Perry   | Aug 22, 2014 09:44 PM EDT

Jody Flynn was convicted Friday of embezzling more than $330,000 from a Chinese company. read more

HP Revenue Surges Following Years Of Decline

Ren Benavidez   | Aug 22, 2014 10:48 PM EDT

Hewlett-Packard announced on Wednesday that its quarterly income surged for the first time since 2011 as the number of computer sales rose in every country besides Russia and China. read more

Bank of America pays USD$16.65 billion fine for selling toxic financial products

Dan Weisman   | Aug 21, 2014 02:40 PM EDT

Following the most extensive federal probe into Wall Street misconduct leading to the 2008 financial debacle, Attorney General Eric Holder on Aug. 21, 2014 announced Bank of America has agreed to pay a record USD$16.65 billion fine for selling toxic financial products. read more

Relaxed One-Child Policy Not Enough To Convince Chinese To Grow Families

Staff Reporter   | Aug 21, 2014 05:07 AM EDT

The expected boost to baby-related stocks from the easing of China's one-child policy have yet to materialize, as the high cost of living still deters households from growing their families, reported Bloomberg. read more

UPS Stores Hacked

Mia Lindog   | Aug 21, 2014 01:17 AM EDT

Courier firm United Parcel Service, Inc. revealed on Wednesday that several of its retail outlets had been hacked, putting at risk the credit and debit card information of customers at 51 franchises in 24 states. However, the firm acted quickly to contain the matter. read more

Four McDonald's Stores In Russia Close Amid US-Russia Tensions

Mia Lindog   | Aug 21, 2014 01:14 AM EDT

Four McDonald's restaurant, including the flagship Moscow branch, were temporarily closed by Russia's consumer protection agency for violation of sanitary laws, the Financial Times reported. read more

China doesn't renew biosafety certificates for GMO rice, corn research

Dan Weisman   | Aug 20, 2014 09:29 PM EDT

On Aug. 20, 2014, Chinese Ministry of Agriculture official ditched research permits for genetically modified organisms, GMOs, in two rice and one corn varieties. While officials didn't give a reason for not renewing the 5-year certificate, this effectively stops GMO rice research in China. read more

Uber Hires Obama Advisor

Cody Brooks   | Aug 20, 2014 05:08 PM EDT

Uber is seeking to further their scope by hiring former White House advisor David Plouffe to get into markets blocked by legislation and disgruntled taxi companies. read more

Japan Export Bounce Could Offset Slump in Consumer Spending, Data Says

Jasmine Solana   | Aug 20, 2014 09:34 AM EDT

There is a bright future in the horizon for Japan as the country posted an increase in its export data for the first time in three months. read more

US Housing Starts Jump in July

Staff Reporter   | Aug 20, 2014 06:28 AM EDT

Construction of new homes in the US picked up sharply in July, a positive indicator in the continuing recovery of the world's largest economy. read more

Steve Ballmer Steps Down as Microsoft Board Director

Andy Vitalicio   | Aug 19, 2014 03:35 PM EDT

Steve Ballmer Steps Down as Microsoft Board Director read more

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