The United States is now third place in the list of top tax havens for foreign companies on the biannual Financial Secrecy Index by the Tax Justice Network, next to Switzerland and Hong Kong.
Regions
Jon Stewart strikes four-year deal with HBO, bringing Time Warner shares up by 2%
Jon Stewart struck a four-year production deal with HBO, boosting Time Warner's share by 2 percent during midday trading. According to a report published on Forbes, Stewart's main job for the network is to create web content.
Groupon appoints Rich Williams as CEO, with a promise to refocus in the US
Deal service Groupon announced Tuesday that it has promoted Rich Williams as the chief executive of the company replacing co-founder Eric Lefkofsky, who is now back to his role as the chairman.
Activision shares soar to all-time high on acquisition news
Activision Blizzard Inc, a leading player in the mobile game publishing giant, is buying King Digital Entertainment Plc, a mobile publisher, for $5.98 billion. After beating the market expectations for third quarter results, Activision has announced its decision of acquiring King. Activision is keen on expanding the mobile gaming activity as the acquisition will create biggest games powerhouse in the world. It's estimated that after the acquisition, it will be next to the market leader Tencent in the global market. The company's stock rose to its all-time high as investors responded positively to the acquisition news.
Twitch Install's Social Experiment Failed to Accomplish Goal
A bizare idea just occurred recently in the Twitch live streaming video platform. A group called themselves "twitchintheshell" planned to install Linux on a virtual machine, based on the most popular keystroke entered by Twitch users. The idea named asTwitch Install has ended in a couple of days after being hijacked by botnet installing other Linux distro.
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Chipotle Mexican Grill Inc. announced it has ran steps to improve food safety by hiring two food safety consulting firms, including IEH Laboratories and Consulting Group, to perform batch-testing ingredients as an effort to respond to its E. coli cases.
Amazon is opening its first physical bookstore on Tuesday this week. The store is located in the University Village shopping center, an upscale outdoor mall north of the University of Washington, Seattle.
Following the success collaboration with the fast growing retail delivery service Instacart in Minneapolis, the retail company Target Corporation is now expanding the service with Instacart in San Francisco.
Microsoft's latest Windows 10 increased its market share by 7.94 percent in October from 6.63 percent in September. Ubergizmo has reported that one of the major reasons for the growth in the company's market share is the fact that people who use a genuine older version of Windows can upgrade their operating system to Windows 10 for free.
The oil drilling activity in Canada is taking a hit as crude oil price is still hovering at $50 a barrel. The current situation is forcing Canadian oil companies to lower drilling activity in 2016.
Linux, the once revolutionary operating system in the 1990's, has just released its latest kernel version. The release of its new 4.3 kernel was preceded by an angry message by its creator due to bad programming code.
Taking positive cues from encouraging gains on Wall Street, Asian stocks with an exception to China moved up on Tuesday. Chinese stock market dropped following the jitters emerging from adverse developments in forms of corruption and illegal trading that dampened the market sentiment.
More and more United States giant tech companies are partnering with Chinese firms that are connected with the Asian country's military, leading to fears that it may improve Chinese military technological capabilities and could even harm US national security.
Due to the lower cost of regulatory fines, HSBC's pre-tax profit in the third quarter increased 32 percent to $6.1 billion from $4.6 billion in the same period last year, beating analysts' expectations of $5.2 billion.
