Friday, October 31, 2014
Emerging Asian nations are finding out what developed ones did years ago: money — and the stuff it buys — brings happiness.
Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand's value and distinguish it from its mass-market parent.
British-based charity Oxfam issued a rallying cry against inequality on Wednesday with the release of its “Even it Up” report, which found that the number of billionaires had doubled worldwide since the economic crisis.
Twitter on Wednesday announced a partnership to let computing powerhouse IBM dip into the public stream of tweets to provide businesses with insights for making decisions.
WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly US$9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.
Apple is in preliminary talks to sell the iPhone in Iran, if sanctions are eased on the Middle East nation, the Wall Street Journal reported Wednesday.
Fifty-one countries have signed an agreement to share financial data and boost efforts to crack down on tax evasion.
Chinese search engine Baidu Inc. said Thursday its quarterly profit rose 27 percent as user traffic for its mobile operation surpassed its desktop computer-based search business.
Japan IT firm NEC said Thursday it had swung back to profitability in the six months to September, after it exited from the smartphone market as part of a broader restructuring.
World stock markets mostly rose Thursday, taking in stride the Federal Reserve's announcement it will end a stimulus program that was as massive as it was controversial. The dollar strengthened after the U.S. central bank hinted at an eventual interest rate hike.