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August sell-off leaves William Ackman's hedge fund with flat gain in 2014 so far

The global stock markets turmoil in August and China's economy slowdown have impacted hedge fund mogul William Ackman, who was one of the best performers in 2014. Ackman's Pershing Square Capital Management's Pershing Square LP fund dropped 7.7 percent in August making the total gain during the year at 0.06 percent flat growth.


Louis Vuitton hires former Apple executive as digital director

LVMH Moet Hennessy Louis Vuitton, a French luxury fashion conglomerate was reported to have hired a new chief digital officer from Apple, reported by The Wall Street Journal.

Google Maps is not just for navigation, now it can suggest places for lunch ala Foursquare

Google just released the latest update of their map for both android and iOS platform. The latest update will give a more personalized restaurant recommendation to the user in the 'Explore' feature of the map.

Trading apps make the way for influx of young investors

Many young investors are buying stocks and opening accounts regardless of market volatility. Moreover, stock trading apps such as Robinhood have already become popular among young investors and are enabling them to double up as investors as well.


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Recent prediction reveals that starting salaries of professional roles could have a 4.1% increase next year. The 2016 Salary Guides from Robert Half shows that among the five fields tracked the expected salary for professional roles could increase on average by that rate in 2016, with the technology sector to gain higher pay grades in its 5.3% expected increase base pay.
Newscred announced that it had successfully raised $42 million in additional funds. The company was established in 2008, which acted as a system for readers to rate an online story or publication's credibility.
Google announced that the third generation Learning Thermostat has recently updated its looks and features although it retains some characteristics from its first and second generation thermostats, such as automatically turning itself on when you get home.
Starting October 6, McDonalds will start serving breakfast the whole day on all their US branches. On Tuesday, all restaurant operators have given their votes to make the move.
As part of its objective to promote industrial and business activity, Florida County has offered incentives to Blue Origin to make and launch rockets near NASA's Kennedy Space Center. Blue Origin has been promoted by billionaire Jeff Bezos, founder and Chief Executive of Amazon.com. The space center is coming up in Brevard County.
Wikipedia once again began cracking down on both editors and contributors who are violating its guidelines. The editors of the site banned 381 accounts for charging or accepting money for their contributions, without the disclosure of information, which Wikipedia calls "undisclosed paid advocacy."
After suffering an excruciating computer glitch that caused pricing problems, Bank of New York Mellon Corp's calculating system seem to be back to normal now.
CBS Sports announced a new feature that allows viewers to watch live NFL games on its portable device, which indicates that it is trying to enter the fast-growing internet market.
The US construction sector recorded an encouraging spending of $1.08 trillion, a 0.7 percent monthly growth, indicating a seven-year high. The July data from the US Commerce Department has not only boosted the market sentiment but also gave an indication of robust economic activity in the third quarter.
Chinese stocks recovered from sharp losses after a roller-coaster ride Wednesday. The benchmark Shanghai Composite Index had dropped 4%, before settling at 3,160.17, 0.2% down from the previous close.
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