Business

SpaceX to Build Rocket Launch Site in Texas

Ren Benavidez   | Aug 05, 2014 12:45 AM EDT

Space Exploration Technologies Corp (SpaceX) announced on Monday that it will build the first commercial launch facility near Brownsville, Texas. read more

McDonald’s To Begin Selling Full Menu Again in China

Kizha T. Trovillas   | Aug 04, 2014 03:09 PM EDT

McDonald's to China: Love us back read more

China has seen a triple digit rise in payments by mobile phones, according to an e-commerce report.

Rhona Arcaya   | Aug 04, 2014 07:46 PM EDT

The 2014 China Internet Financial Development Report said Chinese mobile phone payments jumped 707 percent year on year in 2013. read more

McDonald’s CEO Battered by Bad News In July

Kizha T. Trovillas   | Aug 04, 2014 04:45 AM EDT

Don Thompson is probably having the worst month of his career as McDonald’s Corp’s CEO. read more

Top Indian Bank Executive Arrested in Bribery Inquiry

Rhona Arcaya   | Aug 04, 2014 03:48 AM EDT

Indian authorities have arrested the head of state-run Syndicate Bank, Sudhir Kumar Jain, and at least five other people on bribery allegations. read more

Argentina Makes Second Default in 13 Years Worth US$1.3 Billion

Ren Benavidez   | Aug 01, 2014 11:38 PM EDT

Argentina refused to pay the US$1.3 billion debt it owes to investors for the second time in 13 years. read more

Sussex Bancorp Releases 2014 Quarterly and Second Quarter Financial Information

Ren Benavidez   | Aug 02, 2014 12:02 AM EDT

Sussex Bancorp reported an upward trend on Wednesday for its quarterly income for the last three months ending June and an increasing rate for their second quarter income. read more

California’s 2015 Obamacare in Modest 4.2 Percent Premium Hike

Ren Benavidez   | Aug 01, 2014 11:39 PM EDT

Obamacare premiums in California will increase in an average of 4.2 percent in 2015, state officials said Thursday. read more

Target Hires Outsider as CEO for the First Time

Ren Benavidez   | Aug 01, 2014 11:40 PM EDT

Target hired a former Sam's Club executive to be the new CEO in hopes of a turnaround for the company following a series of setbacks that it has encountered in 2013. read more

LinkedIn Posts Higher Earnings Driven by Mobile Users

Kizha T. Trovillas   | Aug 02, 2014 12:06 AM EDT

LinkedIn Corp reported steep increase in revenue and profit for the second quarter with a significant growth in each of its business segments, particularly by mobile users. read more

Alpha Natural Resources to Lay Off 1,100 Workers in October

Staff Reporter   | Aug 03, 2014 10:45 PM EDT

Alpha Natural Resources announced on Thursday that it might lay-off 1,100 workers from its 11 coal mines by October. read more

US Economic Growth Beats Expectations

Ren Benavidez   | Aug 03, 2014 10:47 PM EDT

The United States economy has dramatically bounced back during the second-quarter when the GDP came in with results that is higher than expected. read more

Alibaba, Snapchat in Talks for US$10 Billion Alliance

Ren Benavidez   | Jul 31, 2014 07:44 PM EDT

Internet giant Alibaba is considering buying the stocks of Snapchat valued at around US$10 billion. read more

IMF Says China Should Lower Ambitions, Refrain From Stimulus

Marc Maligalig   | Jul 31, 2014 10:50 AM EDT

The International Monetary Fund said Thursday that China should lower its economic growth target and not use stimulus measures unless necessary. read more

World’s Largest Pork Company Raises US2.5 Billion in Hong Kong IPO

Kizha T. Trovillas   | Jul 31, 2014 04:37 AM EDT

Chinese pork supplier WH Group Ltd. has raised US2.5 Billion in its initial public offering held in Hong Kong. read more

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