RSSAll Entries Tagged With: "Business News"

A month ago, Morgan Stanley told junior bankers and staff members on its capital-markets work areas it will raise their base compensations by to the extent that 25%.

Wall Street Millennial Bankers Wages to Rise Again: Sources

Wall Street banks are currently under pressure to improve working conditions of a new generation of bankers to fight defection and are thus raising salaries and limiting working. Banks including Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Citigroup Inc., Bank of America Corp. and Morgan Stanley are planning to compensate better for many [...]

It will be a Joy Ride for Developers and You, Promises Uber

TripAdvisor, Starbucks, OpenTable have yet another gimmick up their sleeves for its valued customers: Users using the mobile version of their apps can now book a ride with Uber to restaurants, bars, tourist attractions and hotels in more than 40 cities worldwide. So practically, you can now request Uber from your TripAdvisor app. Introducing the [...]

AT&T announced on Wednesday, that Cupertino, California is the first city in Silicon Valley that will get its 1gbps fiber service.

AT&T to Deliver Super-Fast Internet Service in Silicon Valley

Telecommunications giant AT&T said that Cupertino, the home of tech goliath Apple, will be rolling out super-fast broadband service in the coming months. AT&T is as of now offering the broadband service, which delivers 1Gbps downloads and additionally 1Gbps transfers, in Austin, Dallas and Fort Worth, Texas. Furthermore it has affirmed plans to deliver the [...]

Standard Chartered Bank China in Guangzhou Tianhe

Standard Chartered Faces $300M Penalty over Laundering Controls

Standard Chartered Bank China in Guangzhou Tianhe British multinational banking and financial services company Standard Chartered PLC will pay a $300 million (180.52 million pounds) fine and suspend or restrict some essential businesses in the wake of neglecting to get rid of suspicious transactions that could potentially be linked to money laundering. The civic settlement [...]

George V. Hager Jr., Chief executive of Genesis HealthCare.

Genesis and Skilled HealthCare Group Merge, Create $5.5 Billion Giant

Skilled HealthCare Group Inc announced on Monday, that it has signed a definitive agreement to combine with privately held Genesis HealthCare Corp. in an all-stock deal to create the second largest contract therapy provider, according to a filing with the Securities and Exchange Commission. Under the terms of the agreement, Skilled HealthCare shareholders will own [...]

A Samsung Electronics spokesman said the South Korean company purchased 100 percent of Quietside.

Samsung acquires U.S. air conditioning retailer Quietside

South Korean electronics giant Samsung Co Ltd announced on Tuesday that it had acquired U.S. air conditioner distributor Quietside LLC in a bid to penetrate deeper into the North American market and to strengthen its smart home business. It is Samsung’s second such acquisition within a span of a week after it announced on Friday [...]

Home Depot's witnessed in a 6.4% rise in same-store sales, while the overall increase was 5.8%.

Spring Sales Boost Home Depot Q2’14 Sales, Rise 5.8 percent

Home Depot Inc.’s the world’s largest home improvement chain has reported a rise in sales and profit in its second quarter, beating top analysts expectations. Shares of Home Depot climbed more than 3% in premarket trading to $86.12, after it announced full-year-forecast based on its strong second quarter performance. Home Depot now hopes to post [...]

BHP Billiton Escondida copper mine in Chile.

BHP Billiton to spinoff assets into Mining Company

BHP Billiton Ltd. announced its yearly profits climbed 23%, as it outlined plans to create a new company to accommodate assets including nickel mines and aluminum smelters that would be listed on Australia’s stock exchange. Australia’s biggest company, BHP reported a net benefit of US $13.83 billion for the year through June, after delivering more [...]

Home construction began tumbling off in the second half of 2014 as declining affordability affected interest.

U.S. Builder Confidence Highest since January

U.S. Homebuilder’s confidence was at its optimum in August with the advent of improving job market and declining home loan rates improved the stance for more sales. The National Association of Home Builders builder confidence index for single-family homes rose two points to 55 in August. This has been the indicator’s second continuous month to [...]

Brunei's offer is a leading bid among a handful of potential tycoons interested in buying the properties

Sultan of Brunei makes $2B Bid for New York’s Plaza, London’s Grosvenor House

The Sultan of Brunei has made an offer for New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House hotel; it was accounted for last week, referring to individuals acquainted with the matter. According to the reports, a venture firm which has been affiliated with Brunei has offered to pay $2 billion for the three [...]

Twitter CEO Dick Costolo

Users disappointed with Twitter experiment showing ‘Favourite’ tweets in the timeline

Its Twitter’s turn this time around to get its users flustered with a new experiment. The social micro-blog website has been tweaking its features for a while now and in its most recent platform experiment, Twitter has been changing the way favourite feature works. Some users are seeing a few tweets in their timelines that [...]

Jetpac was founded in 2011 and secured a $2.4 million financing round in 2012

Google Acquires Travel Guide App JetPac

Google has eyed up, JetPac, a San-Francisco based travel startup that analyses Instagram photos to generate city maps or a traveler guide for public use. JetPac delivers relevant results to you of places of interest by searching through Instagram photos on Facebook using an algorithm to study pictures content. You may questions then, what’s so [...]

The new full metal-framed Galaxy Alpha on Wednesday, the latest in its line of Galaxy smart phones.

Galaxy Alpha: Samsung’s metal-framed phone announced

Finally the Korean electronics giant Samsung is making an upgrade from plastic to metal after the plastic design of its smartphones has been held accountable for the company’s recent battles. The company unveiled a full metal-framed Galaxy Alpha on Wednesday, the latest in its line of Galaxy smart phones. “With an entirely new appearance, the Galaxy [...]

The new Live App Testing tool by Amazon rivals Google's app testing service for developers - Google Play Developer Console.

Amazon Launches Live App Testing for Developers

Amazon has launched a new tool to boost its growing mobile developer base, a live app testing. The live app testing tool lets developers test their apps on a customized set of testers before it is submitted to app stores for general availability such as Google Play and Amazon appstore. “We’re excited to announce a [...]

Apple has been facing criticism over its industrial facilities, after a string of worker suicides in 2010 by its supplier Foxconn Technology Group

Apple Bans Use of Two Harmful Chemicals from Assembly Plants

Recently, Green American and China Labor Watch approached Apple Inc to remove the utilization of benzene and n-hexane from its hardware manufacturing process. Both the chemicals are known to be extremely poisonous, yet are still being used in Apple’s industrial facilities during assembly and a few other processes. Benzene and n-hexane are found as common [...]

The new WorldView-3 satellite will be launched today (August 13) on an Atlas V rocket from Vandenberg Air Force Base in California.

WorldView-3 satellite set for launch, will deliver high resolution images for online maps

After the US government relaxed restrictions on high-definition satellite imagery back in June, the U.S.-based DigitalGlobe is set to launch its WorldView-3 satellite to capture the earth with twice better resolution than before. The new WorldView-3 satellite will be launched today (August 13) on an Atlas V rocket from Vandenberg Air Force Base in California. Currently, commercial satellite [...]

Antitrust investigations already announced in the auto and telecommunications sectors have spread to different sectors including pharmaceuticals, technology and cement

China investigating more than 1,000 auto companies

According to the state media, more than 1,000 companies in China’s auto sector, both domestic and overseas companies, including manufacturers, suppliers and dealers are involved in anti-monopoly probes by the government. Antitrust investigations already announced in the auto and telecommunications sectors have spread to different sectors including pharmaceuticals, technology, cement and a large number of [...]

Alibaba Corp. Taiwan Grand Opening

Alibaba Restructures Agreement with Alipay amid Investors Concerns

Privately owned Hangzhou-based group of Internet-based e-commerce giant Alibaba Group Holding Ltd. has publicly announced a restructuring that was recently implemented in its agreement ahead of its pending IPO to address investor concerns. Alibaba and Alipay’s parent company, Small and Micro Financial Services Co., agreed to raise a $6 billion cap on Alibaba’s share of [...]

Bobingen industrial park near Munich, Germany

Germany’s Economy Growth Hit Hard by Ukraine Crisis

Germany’s financial growth is more likely to dwindle in the second quarter, mainly due to instability brought on by the crisis in Ukraine and the Middle East. The crisis has now led to a halt in growth in industrial output and exports amid a “very hesitant” recovery in the euro zone, the Economics Ministry warned [...]