A dispute between Yahoo Inc. and Alibaba Group over the transfer of the latter’s Alipay, its online payment system, to CEO Jack Ma has been resolved. A source said that before the meeting of Yahoo analysts last Wednesday, the two powerful companies have come up with an agreement. There wasn’t any immediate clarity to the […]
A loss that beats estimate of analysts was reported by United Continental Holdings Inc. This lesser loss was reportedly boosted by higher fares. It amounted to $136 million which does not include other items. An increase of 41 percent was challenged by the airlines in prices for jet fuel with six increases in its fares. […]
According to executives of Wal-Mart Stores Inc., the company is likely to acquire retailers who own small stores, in an attempt to make a turnaround of their weakening business in the U.S. Next week, it is slated to start the construction of its first Express store in Gentry, Arkansas. In an investor conference hosted by […]
Nintendo is all set to release 3DS, latest version of its popular Nintendo DS/DSi video-game console series. Nintendo has also confirmed the 13 titles made especially for the 3DS console, that would retail when the 3DS consoles hits stores next month. If we are to go by some of the rave reviews we have seen […]
When the market stood at a standstill or worse, dropped entirely during the recession, we are seeking big changes now as everyone’s picking themselves up from economic downturn and these changes are all for the better. Of all the businesses doing their best to rise up, the International Business Machines Corporation (IBM) has made the […]
It is a season to be jolly indeed, especially for the clothing and furniture business – the very industries that Americans are spending on the most for this Holiday season. This is according to the Master Card Adviser Spending Pulse, an organization which tracks spending across the United States including credit and cash spending. But […]
Things are starting to look great for Chrysler and General Motors and for the country’s employment industry as two of the companies are announcing their move to hire 1,000 engineers and researchers. The two automobile companies have almost died the past year and was a subject to several government bailouts. But the hiring’s are now […]
China is planning to release a series of policies concerning the movement of local currency inside and outside the country due to interest rate fluctuation – also commonly termed as hot money. This news came out from an official government paper that cited a bank executive mentioning policies that China is implementing to fend off […]
Algal derived biofuel industry is showing great potential as it gets a boost from the government. This alternative fuel source is expected to replace the estimated 18 million barrels of crude oil consumed everyday. Government’s support came in the form of heavy investment; and best of all, a potential customer is now standing in line: […]
Concerns continue to grow as Japan’s economy still refuses to budge. An official statement by the Japanese government described the country’s economic development as “pausing”. The Japanese economy has not been in this stagnant state for over two years – the reasons why both government officials are now voicing out their concerns. The culprit to […]