Lumber Liquidators' shares dropped as a CDC health report elevated cancer risk factor in laminate flooring. The formaldehyde content increased the risk of cancer in certain flooring products.
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Venture Capital Investment in Space Startups Surged in 2015
Based on a report from defense and aerospace consulting firm there was a huge increase for investment in space travel during 2015. Space startup investment in last year were accounted two-third of the 15 years in total.
Fenox Venture Capital Firm pays backwages, defends Internship Program as source to recruit fresh talents
Fenox Venture Capital has been ordered by the Department of Labour to pay over $300,000 as back wages for workers, wrongfully named as interns. The company promised to avoid such practices in the future.
Global Stocks Rise, Anticipating G20 Finance Meeting
Global stocks hike starting Monday. Investors are anticipating the G20 meeting which to be held in Shanghai on Friday.
Asian Shares Reversed Its Gain After Oil Prices Retreat, Other Markets Also Under Pressure
Asian shares fell back from a seven-week high on Tuesday as oil prices fell more than 2 percent. The sudden drop happened after the Asia-Pacific indices rose to its highest level since the beginning of the year, after seeing the rise in oil prices before reversing back.
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Turkish government officials acknowledged that the influx of Syrian refugees to the country has contributed in boosting the economy. Turkey’s economic growth has seen an unexpected growth in the third quarter, even as some economic aspects suffered and strained from the flow of migrants.
McDonald's partners with Chobani, a Greek yoghurt-maker company and tests how the yoghurt will come along being incorporated to some of its menu. The fast food chain is adapting to the change to make itself a 'modern and progressive company' as it adapts to the changing tastes of its customers.
The EFG International announced its intention to purchase the BSI Ltd in a deal worth about $1.34 billion. The deal will make EFG a leader in the private banking industry.
Ford announced that the company will devote more resources to develop semi-autonomous driving technologies, as they aim to invest triple the amount of investment in the technologies. Some of Ford's cars already have some semi-autonomous technology in them, as with the updated version of Ford Kuga unveiled along with the announcement.
Black Bear Diner had secured an investment from private equity fund PWP Growth Equity. The financial backing will be allocated to expand growth and coverage in new and existing markets. The restaurant plans to add new locations and grow to 155 restaurants in the U.S while retaining its unique concept.
Time Inc. which owns Sports Illustrated and People magazine to name a few, expressed its interest in buying Yahoo. It said that it is interested too in Yahoo's core business which reaches more than 1 billion users across the globe aside from taking into consideration the Reverse Morris Trust. The magazine company will vie with other giant companies including Verizon and AT&T.core business
It was agreed that Monster Beverages will take over on American Fruits and Flavors, its leading supplier of fruit concentrares, flavors and mixes. The beverage company paid $690 million for the acquisition. Since 1990's the two companies have been working together.
The latest quarterly survey of Fenwick & West LLP found most Silicon Valley companies that raised venture funding in the fourth quarter of 2015 softened.
Northern Mindanao is a region in the Philippines and has five provinces. The Department of Public Works and Highways (DPWH) completed more than 717 infrastructure projects early this year at an investment of PHP 18.7 billion.
