Retailers are experiencing a mixed season, so are the department stores. Not a lot of consumers are going in hoards to spend their money in department stores. It may be due to this year's later Labor Day, or maybe they'd rather be in the beach than shopping in the malls.
North America
Valeant partners with AstraZeneca for psoriasis drug
Valeant Pharmaceuticals, Inc. of Canada has partnered with AstraZeneca for the selling rights of psoriasis drug brodalumab. Amgen Inc. ended its partnership with AstraZeneca due to its worries over the drug's side effects.
Google lets Android Wear smartwatches work with iPhones
After launching Android Wear back in March 2014 and seeing how Apple watch sales performed after their release, Google had decided to release an app that will allow their smartwatch that is already in the market to perform a twist. Android Wear will be iOS compatible.
Jet rivals Amazon with $225M equity funding, the largest ever among U.S. e-commerce sites
E-commerce startup Jet.com which was launched on July 31 had raised $225M only by this month. The new company was valued $600M and is now competing with Amazon.com.
As long as China economy is under pressure, bearishness for copper likely
Copper price slipped below $2.40/lb (1lb=453.59265gm), a key support level, and was trading at $2.3260. With the $2.4 level becoming the key resistance level, the copper price needs to break this level to gain upward movement.
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Disney's plans to push Star Wars merchandise with such great force is headed certainly headed to success. Last year, Frozen merchandise sales brought Disney massive success, giving its segment revenue a double-digit growth. But Star Wars merchandise won't be the same as Frozen, because of the demographics.
Walmart reduces working hours on some of its outlets. Allegedly, the action is intended to compensate for the higher wages it pays employees.
Women are treated as administrative staff by default in the corporate setting. This gender bias is sadly still present in many companies all over the globe. Women are sill asked to make coffee and take down notes, even if this is not part of their job description. This is something that should be remedied.
In an open letter, T-Mobile chief executive John Legere warns the 3,000 users stealing LTE tethered data that the company will go after them beginning August 31.
The US stocks turn attractive on lower PE ratios. The latest market crash might have eroded $2.1 trillion value in the market capitalization in the US stock markets, but equities are no more overpriced as price-to-earnings (PE) ratios turn attractive. According to ConvergEx, after the recent 10 percent drop in the US markets, no one can say that American stocks are expensive.
The oil price surged to one-month high at $47.31 a barrel on New York Mercantile Exchange (NYME). Oil futures reached $48.09 indicating its highest since 31 July. The rebound in oil prices was mainly due to two factors.
Two Harvard graduates, through their website, solve the challenge of choosing the right health plan in a labyrinth of health insurance coverage, rules, and companies.
US Defense Secretary Ash Carter on August 8 gave $75 million to FlexTech Alliance, a consortium of giant tech and research firms, to develop an electronic device small enough for soldiers to carry.
Giant South Korean web portal operator Naver Corp is yet to decide on when put its messenger app unit Line Corp on Initial Public Offering (IPO) due to the present volatility of the market.
