Business

Xiaomi: "The Little Smartphone That Could" Sweeps China

Staff Reporter   | Aug 06, 2014 03:42 PM EDT

In less than a year, smartphone manufacturer Xiaomi has gone from near-obscurity to the dominant power in China. read more

Disney Profit Soars 22 Percent, Fueled by Movies, Parks, Products

Kizha T. Trovillas   | Aug 06, 2014 09:15 AM EDT

Walt Disney Co.'s quarterly income has topped estimates, helped in large part by the success of its movies, attendance growth on domestic theme parks, and higher sales of its merchandise. read more

Accenture Under Investigation in China

Marcel Woo   | Aug 06, 2014 04:18 AM EDT

China's State Administration for Industry & Commerce (SAIC) announced on Wednesday that it has placed one of the China offices of Accenture under investigation because of its links with Microsoft China Co. read more

Wall Street Drops Anew In The Midst Of Ukraine Crisis

Patricia Villaceran   | Aug 06, 2014 12:30 PM EDT

After rebounding on Monday, the U.S. stocks fell again after the extremities of the Ukraine crisis. read more

Alibaba Offers Jobs to Nokia Workers Affected by Lay Off

Marcel Woo   | Aug 06, 2014 01:49 AM EDT

Alibaba Group, the world's biggest e-commerce company, said it will recruit Nokia Corp employees who will lose their jobs as part of the US company's plan to lay off 18,000 jobs globally by next year. read more

China beer sales will overtake US in market value by 2017

dweisman   | Aug 05, 2014 04:15 PM EDT

China beer sales will overtake US in market value by 2017 read more

P&G Trims Product Lines to Focus on Brands That Make Money

Rhona Arcaya   | Aug 05, 2014 06:53 PM EDT

Procter & Gamble is taking as many as 100 brands off its product list in a move to streamline its business. read more

Chinese Investors Are Putting More Money In America

Patricia Villaceran   | Aug 05, 2014 02:36 PM EDT

There is a surge of Chinese investors emerging in the United States market. read more

Symantec, Kaspersky Refute China Ban Claims

Kizha T. Trovillas   | Aug 05, 2014 05:26 PM EDT

Symantec Corp and Kaspersky Lab have denied there were moves by China to exclude them from a list of foreign security vendors whose products are approved for sale to the country’s government agencies. read more

Walmart Rides With Technology, New Website Promotes Personalized Shopping

Patricia Villaceran   | Aug 05, 2014 09:11 AM EDT

Walmart makes an effort to compete with U.S. retailer Amazon by building its own website that personalizes customer’s online shopping experience. read more

Unpaid Overtime to Cost LinkedIn US$6 Million

Marcel Woo   | Aug 05, 2014 03:18 AM EDT

The US Labor Department announced that LinkedIn has agreed to pay nearly US6 million to at least 350 workers and former employees who were not properly paid for overtime work. read more

McDonald’s Admits China Meat Scandal Affects Sales

Patricia Villaceran   | Aug 05, 2014 02:57 PM EDT

McDonald's revealed Monday that the Chinese meat scandal has greatly affected the company's sales. read more

U.S. Stocks Bounce Back After Last Week’s Losses

Patricia Villaceran   | Aug 05, 2014 02:30 PM EDT

With all the geopolitical issues going on in Gaza, Russia and Ukraine, United States' stocks went in a lot of trouble last week but has recovered Monday. read more

No More Bird Flu: China to Export 450,000 Tons of Chicken

Marcel Woo   | Aug 04, 2014 11:49 PM EDT

Following last year’s H5N1 bird flu crisis that severely affected the poultry industry, China is set to export at least 450,000 tons of chicken to around 50 countries and regions around the world this year. read more

Argentina Investigates Holdouts’ Possible Misconduct

Patricia Villaceran   | Aug 05, 2014 02:26 PM EDT

Argentina launched an investigation on the holdouts who closed the litigation against the country’s defaulted bonds last week. read more

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