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Mia Lindog

Tighter competition and changing fashion preferences among teens have forced Abercrombie & Fitch to drop the approaches that have made it successful. Reuters/Lucas Jackson

Abercrombie Looks to Lure Back Teens by Dropping Logo

Aug 29, 2014 11:37 PM EDT

Abercrombie & Fitch Co. reported weaker sales on Thursday as the teens who once flocked its stores are now going elsewhere to buy their clothes, the Associated Press reported.

SnapChat Valued At $10 Billion Based on New Investment

Mia Lindog |

Aug 27, 2014 05:01 AM EDT

Snapchat Inc., a start-up offering a photo messaging application that automatically deletes the messages at a set period, has been valued at close to $10 billion dollars, with several venture capitalist ready to pour in money into the company despite the lack of revenue.

Publicity from Airplane Passenger Fight Boosts Knee Defender Sales

Mia Lindog |

Aug 27, 2014 03:16 AM EDT

A device that prevents a plane seats from reclining is experiencing brisk sales after it received free publicity from the news coverage it got for starting a fight between passengers in the US.

Amazon Buys Gameplay Broadcaster Twitch

Mia Lindog |

Aug 26, 2014 07:21 AM EDT

E-commerce giant Amazon.com, Inc. announced plans to buy video game broadcaster Twitch for $970 million, which is seen to be part of its effort to reach out to gamers and strengthen its web-hosting business.

Australian Vintage is betting that China's growing appetite for wine and its partnership with COFCO will lift its sales in China. Reuters/Bobby Yip

Australian Vintage Partners with COFCO for Wine Push in China

Mia Lindog |

Aug 26, 2014 04:55 AM EDT

Australian Vintage, maker of the wine brand McGuigan, signed a distribution deal with China's largest food processor, manufacturer and trader, the state-owned COFCO, a development that will make its product available in one of the largest growing wine market.

Four batches of baby cereal by U.S. foodmaker Heinz had to be pulled out from store shelves after these were found to contain excess levels of lead. Reuter

Heinz Food Scare In China Shows Need For Tighter Tracking Of Ingredients

Mia Lindog |

Aug 26, 2014 03:15 AM EDT

The recent food scare in China concerning infant cereal by food maker H.J. Heinz Co. highlights the need to further improve tracing of ingredients in a country where these can come from a multitude of sources, Reuters reported.

Amazon To Challenge Google In Online Ad With Own System

Mia Lindog |

Aug 23, 2014 07:21 AM EDT

Amazon.com Inc. is looking to go toe-to-toe with Google in online advertising, with plans to launch its own system for ad placements based on its database of Web shoppers, the Wall Street Journal reported.

McDonald's Corp. named a new president for its U.S. operations as the company struggles with tighter competition, cautious consumer spending and internal errors. Reuters/Gary Cameron

McDonald's Names New President In US Amid Sales Funk

Mia Lindog |

Aug 23, 2014 03:05 AM EDT

American Fast food giant McDonald's Corp. named a new president for its flagship U.S. chain, in move seen to reverse its flagging sales in that market.

IBM Partners With Rival Inspur in China

Mia Lindog |

Aug 23, 2014 03:03 AM EDT

International Business Machines Corp. (IBM) and Inspur Group, Ltd. are opting to band together instead of duking it out, in a partnership seen to benefit both companies businesses in China.

United Parcel Service, Inc. revealed that several of its stores had been hacked. Matt Bigg/Reuters

UPS Stores Hacked

Mia Lindog |

Aug 21, 2014 01:17 AM EDT

Courier firm United Parcel Service, Inc. revealed on Wednesday that several of its retail outlets had been hacked, putting at risk the credit and debit card information of customers at 51 franchises in 24 states. However, the firm acted quickly to contain the matter.

Four McDonald's Stores In Russia Close Amid US-Russia Tensions

Mia Lindog |

Aug 21, 2014 01:14 AM EDT

Four McDonald's restaurant, including the flagship Moscow branch, were temporarily closed by Russia's consumer protection agency for violation of sanitary laws, the Financial Times reported.

PetroChina Plans Local Tieups In Restive Xianjiang

Mia Lindog |

Aug 19, 2014 03:47 AM EDT

State-owned parent China National Petroleum Corp., the nation's biggest oil and gas producer, plans to invest in exploration and production in the restive northwest province of Xinjiang to hasten its development, Bloomberg reported.

Paycuts For Top Bosses Of State-Owned Companies In China Coming

Mia Lindog |

Aug 19, 2014 02:24 AM EDT

Chinese President Xi Jinping is now training his sights on the compensation and perks given to the top officials of state-owned companies, as his administration continues its frugality and anti-corruption campaigns, Bloomberg reported.

China FDIs Slide Amid Investigations of Foreign Companies

Mia Lindog |

Aug 18, 2014 04:28 AM EDT

China reported that foreign direct investments fell by over a tenth in July, as the government continues its investigations on the foreign companies.

China has began moves that will strengthen the financial health of its banks. REUTERS/Bobby Yip

China Moves to Strengthen Banking Sector

Mia Lindog |

Aug 18, 2014 03:52 AM EDT

China is moving to strengthen its banking industry, starting with massive capital raising efforts by the four largest state-owned lenders and the formation of "bad banks" that will siphon off the soured debts accumulated by smaller banks in the countryside.

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