Zara's parent Inditex gains 36%, founder Amancio Ortega becomes the second wealthiest man in the world

Inditex, owner of the well-known European fashion retail brand Zara earned a place in the 100 billion club while its co-founder Amancio Ortega becomes the second wealthiest man in the world. What's the secret behind Zara?


Returns on US Public Pensions drop to worst since 2012

The US State and Local government pension funds registered worst performance since 2012 following the bleak performance in global stock markets and bonds.

Economic crisis proves no tragedy for Greek theater

On a stiflingly hot summer night, the ancient Greek amphitheatre of Epidaurus is packed to capacity for a performance of a 2,400-year-old play by Aristophanes -- testimony to Greeks' enduring love of theater despite years of grinding economic crisis.

Greek government says discussing draft of third bailout deal

Greek government officials discussed a draft of the country's third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days.


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Tesla's stock dropped more than 6% in after-hours trading Wednesday after the electric automaker said it might not be able to deliver as many cars as it had planned for this year. That's despite better-than-expected second quarter results.
Two of Zynga's games have improved by 274% compared to last year's bookings, which made the company soar in terms of profits and bookings. Plus the company is currently brewing a new game.
Game developer Activision Blizzard pulled off a surprise when it announced earnings that topped expectations from Wall Street analysts.
The Bureau of Economic Analysis (BEA) released its second quarter advance GDP report, fund inflows into office space segment (commercial construction) is on recovery path, but still showing pressure as it hovering about 33% lower than the recent peak level in terms of GDP percentage.
On-demand streaming media giant Netflix has a very simple long-term plan: world domination. If the California company has its way, it will happen by the end of 2016, and it will come by way of original content.
Thanks to Batman: Arkham City and Mortal Kombat X as game revenues for Warner Bros. goes up by 135% in the year's second quarter. These two video games provided huge returns for Warner Bros. Interactive Entertainment.
Sachin Kamdar, the founder and CEO of Parse.ly, a technology company that analyzes web data to help digital publishers optimize their contents discussed how the company reached the 150% yearly growth.
Real estate homes in Baltimore, Maryland plunges to nearly 7 percent in June, considered the lowest level during the seven-month period where the adjusted annual rate is around 482,000.
Facebook patented a social network system that could advance search results, identify spam messages and sort offensive topics. It could also distinguish if a potential borrower is capable of paying debts through the user's network connections.
A black Monday for Greece's stock market. Its benchmark Athens Stock Exchange Index ended the day 16% lower after it re-opened for the first time in five weeks.