Business

High Profits for Boeing due to Jetliner Deliveries

Bernadette Carreon   | Jul 23, 2014 02:47 PM EDT

Boeing reports second quarter earnings, profits rose due to deliveries. read more

New York Tops US Cities with Highest Millionaire Population

Bernadette Carreon   | Jul 23, 2014 11:29 AM EDT

New York makes it to top global cities with high population of millionaires. read more

Federal Reserve Bank Scrutinizes Deutsche Bank

Ren Benavidez   | Jul 23, 2014 09:43 AM EDT

The Federal Reserve Bank of New York found some serious oversight in the financial reporting process of Deutsche Bank, the New York Times reported. read more

Samsung Heirs Could Pay a Massive US$6 Billion Inheritance Tax

Ren Benavidez   | Jul 23, 2014 09:40 AM EDT

Lawyers say it might be possible to avoid paying this huge sum to the government. read more

Pork Producer WH Group Relaunches with Reduced IPO

Ren Benavidez   | Jul 23, 2014 09:13 AM EDT

Chinese pork producer, WH Group Ltd., is set to relaunch the company in Hong Kong’s IPO and sell 2.56 billion shares for $0.80 each on Wednesday, Bloomberg reported. read more

Microsoft Income Declines Following Nokia Acquisition

Ren Benavidez   | Jul 23, 2014 08:31 AM EDT

Microsoft’s fourth quarter earnings were 6 percent short of the estimates, allegedly due to the US$7.2 billion Nokia acquisition, Business Journal reported. read more

China Detains 5 In Expired Meat Scandal Probe

Bianca Ortega   | Jul 23, 2014 05:46 AM EDT

Chinese police detained five employees of Husi Food Co on the heels of a report about the company’s organized activity to sell expired meat to McDonald’s, KFC, and Pizza Hut restaurants. read more

Herbalife Responds to Ackman’s Three-Hour Presentation On Their Nutrition Clubs

Patricia Villaceran   | Jul 23, 2014 04:54 AM EDT

Herbalife is refuting Bill Ackman’s claims that they are a pyramid scheming company. read more

Perishing Square Capital’s Shares Drop 15 Percent After Bill Ackman’s ‘Most Important Presentation’

Patricia Villaceran   | Jul 23, 2014 08:43 AM EDT

Perishing Square Capital’s shares dropped to 15 percent on Tuesday following Bill Ackman’s “most important presentation.” read more

Herbalife CFO To File Lawsuit Against Bill Ackman

Patricia Villaceran   | Jul 23, 2014 05:16 AM EDT

John DeSimone, Herbalife’s CFO, said the company is planning to sue Perishing Capital Square head Bill Ackman. read more

Oil Prices Rise Amid Geopolitical Tensions

Bernadette Carreon   | Jul 22, 2014 03:00 PM EDT

Oil prices are high over worry about Ukraine and Gaza crisis. read more

Europe Stocks Pick Up amid Global Tensions

Bernadette Carreon   | Jul 22, 2014 08:55 AM EDT

Europe stocks and global stocks opened higher Tuesday following cooperation from Ukraine rebels read more

Billionaire Owner of Food Empire Karl Albrecht Dies at 94

Patricia Villaceran   | Jul 22, 2014 08:51 AM EDT

Karl Albrecht, a German billionaire who owned popular discount chain Aldi has died at the age of 94. read more

Time Warner CEO Set to Receive $79 Million After Merger

Patricia Villaceran   | Jul 22, 2014 04:09 PM EDT

Jeff Bewkes, the chief executive officer of Time Warner, will be $79 million richer after Time Warner receives its return from the AOL merger. read more

Chipotle Sales Increase Amid Price Hike

Ren Benavidez   | Jul 22, 2014 05:20 AM EDT

Chipotle Mexican Grill (CMG), an US$18-billion restaurant famous for its burritos, raised prices in April to make up for the increase in prices of their ingredients, but the move did not prevent the sales of the company from reaching its all time high, according to Fox Business. read more

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