Business

Bank of America Ordered to Pay $1.3 Billion for Countrywide Fraud

Ren Benavidez   | Jul 31, 2014 04:33 AM EDT

The Bank of America was ordered to pay US$1.3 billion by a federal judge on Wednesday for taking part in selling risky mortgages to government-sponsored enterprises, Fannie Mae and Freddie Mac. read more

Weak South American Currency Hits BBVA Profit

Ren Benavidez   | Aug 08, 2014 03:05 AM EDT

Banco Bilbao Vizcaya Argentaria (BBVA) is experiencing a downward trend in its second-quarter profit following the weak currencies in South America. read more

Toyota Remains World’s Best-Selling Carmaker

Ren Benavidez   | Jul 30, 2014 01:11 PM EDT

Toyota is still leading in vehicle sales worldwide, with Volkswagen on the second spot followed by General Motors. read more

AstraZeneca Acquires Almirall Lung Drugs In US$2.1B Deal

Bianca Ortega   | Jul 30, 2014 02:00 PM EDT

British-Swedish pharmacaeutical giant AstraZeneca acquired the rights to the lung drugs of Spanish firm Almirall in a US$2.1 billion-deal after refusing Pfizer’s takeover offer in May. read more

Baidu Keeps Up Google’s Steer With ‘Self-Driving’ Car

Kizha T. Trovillas   | Jul 30, 2014 02:09 PM EDT

China's Baidu is working on its own version of "self-driving" car similar to its U.S. rival Google's technology. read more

McDonald's Liable for Workers Treatment, Says Ruling

Ren Benavidez   | Jul 30, 2014 02:51 PM EDT

The National Labor Relations Board (NLRB) ruled on Tuesday that McDonald’s Corp. could be treated as a co-employer with its franchisees. read more

Pfizer Abandons $118 Billion Astra Deal

Ren Benavidez   | Jul 31, 2014 04:38 AM EDT

Pfizer Inc. left its investors speculating after cancelling its US$118 billion bid for AstraZeneca on Tuesday. read more

Obama and Lawmakers’ Combats Corporate Tax-Evasion Schemes

Ren Benavidez   | Jul 31, 2014 04:39 AM EDT

Democrat lawmakers and the Obama administration are pushing a law against corporate inversion and they want it to be effective retroactive to May 8. read more

Twitter 2Q Earnings Up More Than Expected

Kizha T. Trovillas   | Jul 31, 2014 04:40 AM EDT

Twitter topped estimated earnings for 2Q. read more

Nissan Cuts Incentives, Lowers Prices To Catch Up With Rivals Honda, Toyota

Ren Benavidez   | Aug 08, 2014 03:08 AM EDT

Nissan is slowly, but surely, drawing alongside automobile giants Honda and Toyota. read more

Dollar Tree Buys Family Dollar To Eliminate Competition

Ren Benavidez   | Aug 08, 2014 05:22 AM EDT

Dollar tree announced its acquisition of Family Dollar on Monday in an US$8.5 billion deal in cash and stock. This latest acquisition has created a chain with US$18 billion in total sales. read more

Young Chinese Entrepreneurs Tap Into Online Business Opportunities

Gunnar Blaschke   | Jul 29, 2014 04:01 PM EDT

China’s fast growing Internet market gives young Chinese entrepreneurs a golden opportunity to create their own business, however being aware that success in the Internet age can be fading as quickly as it came. read more

Zillow Buys Trulia in $3.5 Billion Deal

Ren Benavidez   | Jul 29, 2014 11:07 AM EDT

Zillow announced on Monday that it will buy Trulia for US$3.5 billion in a deal that will reportedly close in 2015. read more

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