Business

Amazon Cites Orwell Incorrectly in War Against Authors

Ren Benavidez   | Aug 11, 2014 11:58 AM EDT

Amazon created a group of readers called Readers United in an effort to counteract the authors amassing against it. read more

China Remains Competitive In Exporting Apparel To US

dweisman   | Aug 10, 2014 12:09 AM EDT

Despite competition from Vietnam and Bangladesh in the textile trade, China continues to be competitive when it comes to exporting apparel to the United States, according to just-released economic data from the U.S. Department of Commerce Office of Textiles and Apparel, or OTEXA. read more

Xinhua: Wal-Mart Store in China Under Investigation Over Food Safety

Rhona Arcaya   | Aug 09, 2014 11:09 PM EDT

Chinese regulators are looking into alleged food safety violations at the store in Honghu, Shenzhen. read more

FICO’s New Credit Scoring Discounts Medical Debt

Kizha T. Trovillas   | Aug 09, 2014 09:27 AM EDT

American consumers will be delighted to learn that they could soon avail of loans and credit cards at lower rates. read more

China's July Inflation in Very Comfortable Range - Official

Marcel Woo   | Aug 09, 2014 02:02 AM EDT

The National Bureau of Statistics (NBS) said China's consumer price index (CPI), the main gauge of the country's inflation, rose to 2.3 percent in July, the same growth pace registered in June. read more

Canadian Ebola Drug Maker’s Shares Surge After FDA Eases Drug Ban

Ren Benavidez   | Aug 09, 2014 10:07 AM EDT

The shares of the Canadian pharmaceutical company Tekmira increased by approximately 25 percent in Friday’s trading after federal regulators cleared the use of the Ebola trial drug. read more

Former Microsoft Exec Sentenced to 2 Years in Jail for Insider Trading

Marcel Woo   | Aug 09, 2014 01:34 AM EDT

The U.S. Attorney's Office announced on Friday that a former senior manager at software giant Microsoft Inc has been sentenced to two years in prison after pleading guilty to insider trading. read more

Banks’ CIA-like Chat Encryption Could Tick Off SEC

Ren Benavidez   | Aug 09, 2014 09:06 AM EDT

Goldman Sachs and several other banks are reportedly close to adopting a new instant messaging service with an encryption system similar to the CIA’s. read more

Wave Of Chinese Foreclosures Has Markets Running Scared

David Perry   | Aug 09, 2014 06:45 AM EDT

Markets hold their breath on news of a reported a rise in bank repossessions stemming from loan defaults involving home owners and developers alike in China. read more

US$50,000 Potato Salad Project Kickstarts Copycats

Ren Benavidez   | Aug 09, 2014 04:48 AM EDT

The infamous potato salad campaign on Kickstarter already raised about $55,000 from almost 7,000 backers, but users said it’s beginning a series of fraudulent projects online. read more

China Denies Apple Product Ban

Cody Brooks   | Aug 08, 2014 05:48 PM EDT

A Bloomberg News report on Wednesday stating that Apple products were banned from Chinese government procurement lists was refuted on Friday as untrue, according to both China and Apple. read more

Shark Fin Sales in China Decrease By 70 Percent

Tara Scott   | Aug 08, 2014 12:36 PM EDT

The amount of shark fin sales in China have decreased by up to 70 percent. read more

Mars Opens First World M&M's Store in Shanghai

Dan Weisman   | Aug 09, 2014 04:14 AM EDT

Want some M&M's candy in Shanghai? Mars, makers of the delectable chocolate treats that melt in your mouth, not in your hands, is providing that and much more at the Brilliance Shimao International Plaza along Shanghai's bustling East Nanjing Road in the Huangpu Central District. read more

State Plans To Restructure Malaysia Airlines

Kizha T. Trovillas   | Aug 08, 2014 05:08 AM EDT

Malaysia Airlines has announced the suspension of its shares as state investment fund plans a “complete overhaul” of its operation after two separate plane disasters this year. read more

Google and Barnes & Noble Team Up Against Amazon

Nikki Alfonso   | Aug 08, 2014 05:15 AM EDT

Google and Barnes & Noble have teamed up to go against e-commerce giant, Amazon. Barnes & Noble has recently joined Google's roster of retailers, who are taking part of the company's same-day book delivery service. read more

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