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Companies
Steve Jobs, Iconic Apple Leader, Dies
Apple Inc.'s visionary leader, Steve Jobs died on Wednesday.
October 5, 2011
BY
Frank Yu
Friendly’s Files for Bankruptcy
Friendly's, the 76-year-old hamburger and ice cream casual food restaurant chain, filed for bankruptcy protection under Chapter 11 ...
October 5, 2011
BY
Frank Yu
Bank of America Under Fire
Ratings agency Moody's Investors Service downgraded Bank of America Corp. (BAC), chopping the rating for long-term debt from ...
October 4, 2011
BY
Heide B. Malhotra
Corporations Can Fight Human Trafficking, Say Business Leaders
Not only is slavery still here, globalization has increased it, according to a group of business leaders. Human ...
October 2, 2011
BY
Mary Silver
Facebook Sued for Tracking Users’ Information
Social networking giant Facebook Inc. is being sued for tracking users' Web activity without their permission after they ...
October 2, 2011
BY
Caroline Dobson
Netflix to Expand Digital Library
The release of the Kindle Fire opens up a new opportunity for Amazon's media streaming outlet that could ...
October 1, 2011
BY
Derek Ku
Nokia Cuts 3,500 Jobs Ahead of Windows Phone Launch
The world's largest supplier of mobile phones in terms of volume, Nokia Oyj, announced 3,500 new layoffs on ...
September 29, 2011
BY
Caroline Dobson
Boeing Delivers First 787 Dreamliner to ANA
Boeing delivered the first 787 Dreamliner aircraft to its launch customer All Nippon Airways on Tuesday, after the ...
September 27, 2011
BY
Frank Yu
Macy’s Has Rosy Holiday Outlook, to Hire 78,000
The new hires announced for 2011 are more than in past years, and will be located at Macy's ...
September 26, 2011
BY
Frank Yu
UBS CEO Resigns After Rogue Trading Losses
Gruebel resigned from the firm after a board of directors meeting which took place in Singapore last week.
September 25, 2011
BY
Frank Yu
SABMiller Buys Brewery Giant Foster’s for $10 Billion
After months of negotiations, Australia's largest brewing company Foster's Group Ltd., was sold to British brewer SABMiller Plc, ...
September 22, 2011
BY
Caroline Dobson
Moody’s Downgrades Three US Banking Giants
Rating agency Moody's Investors Service downgraded the long-term credit ratings of Wells Fargo & Co. and Bank of ...
September 21, 2011
BY
Frank Yu
Prada Earnings Soar, Buoyed by Asian Demand
Family-owned Italian fashion house Prada S.p.A. announced that its half-year profit jumped by 74 percent, due to sales ...
September 19, 2011
BY
Caroline Dobson
Netflix Segregates DVD-by-Mail Business
Netflix Inc., the movie rental and online streaming company, has formally segregated its DVD-by-mail business from the online ...
September 19, 2011
BY
Frank Yu
Research In Motion Tumbles 19 Percent
Shares of Research In Motion Ltd., the Canadian maker of BlackBerry handheld devices, tumbled by 19 percent last ...
September 18, 2011
BY
Frank Yu
Rogue Trader Costs UBS $2 Billion
UBS AG, Switzerland`s largest bank, discovered on Thursday that a rogue trader had caused a $2 billion loss ...
September 15, 2011
BY
Caroline Dobson
Murdoch Empire at Risk
The phone-hacking scandal, perpetrated by one of the Murdoch empire's subsidiaries, has fascinated the British public and the ...
September 13, 2011
BY
Heide B. Malhotra
World’s Leading Implanted Hearing Aid Recalled
Cochlear Ltd. has announced a voluntary global recall on the world's leading implanted hearing device.
September 12, 2011
BY
Caroline Dobson
McGraw-Hill Splits Into Two Companies
Conglomerate McGraw-Hill Companies Inc. on Monday said that it would split into two separate publicly listed companies to ...
September 12, 2011
BY
Frank Yu
Google, Microsoft Suffer Cloud Services Outages
Cloud computing services were recently affected with outages to both Google Inc. and Microsoft Corp.
September 11, 2011
BY
Caroline Dobson
Banking Giant HSBC Cuts 3,000 Jobs in Asia
HSBC Holdings Plc has announced that it will slash around 3,000 jobs spread out over three years in ...
September 8, 2011
BY
Caroline Dobson
Google Buys Restaurant Review Firm Zagat
Google Inc., once spurned in its quest to purchase review website Yelp, acquired privately-held restaurant review firm Zagat ...
September 8, 2011
BY
Frank Yu
Hair Salon Ad Ignites Social Media Outcry
A controversial ad at a hair salon in Edmonton, Alberta, went unnoticed for over a year, then suddenly ...
September 8, 2011
BY
Justina Reichel
Sunoco Exits Oil Refining Business
Sunoco Inc., the regional oil and gas company, said that it would sell or shut down its remaining ...
September 6, 2011
BY
Frank Yu
A New Netflix Versus Blockbuster Rivalry Brewing
Netflix Inc., the high-flying video streaming and movie rental company, may be facing a new incarnation of old ...
September 5, 2011
BY
Frank Yu
FHFA Sues 17 Banks Over Faulty Mortgages
The Federal Housing Finance Agency (FHFA) has sued 17 lenders and investment banks, including some of the nation's ...
September 4, 2011
BY
Frank Yu
High Fashion Becomes High Finance
The 174 year-old French luxury label has reported an increase of 50 percent in its first half profits
September 3, 2011
BY
Caroline Dobson
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