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Pork Producer WH Group Relaunches with Reduced IPO

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.

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.

JJ Abrams Gives Preview of X-Wing for ‘Star Wars Episode 7’ Amid Alleged Plot Leak

Ren Benavidez |

Jul 22, 2014 06:26 AM EDT

Director JJ Abrams posted a clip of the spacecraft that will be used in the film, “Star Wars Episode 7.” Meanwhile, there are rumors circulating on the web about the reported plot of the movie.

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.

Saudi Arabia to Open Stock Market to Foreign Investors

Ren Benavidez |

Jul 22, 2014 03:55 AM EDT

Saudi Arabia will open the country's US$531-billion stock market to international investors, removing barriers on one of the world's most restricted major stock exchanges.

Google's WebP Speeds-Up Web Access a Lot

Ren Benavidez |

Jul 22, 2014 01:57 AM EDT

Google's new image format drops picture size to speed up the web.

Geopolitical Tension Weakens US Stocks

Ren Benavidez |

Jul 22, 2014 01:38 AM EDT

US stocks closed lower on Monday as investors kept a worried look at the ongoing tension in Russia following the Malaysia Airline Flight MH17 shot down in Ukraine.