Teen fashion retailer Forever 21 Inc is not seeing enough growth and is turning to Wells Fargo & Co. and TPG for a $150-million-loan aide. For over a dozen years, this fast-growing retail store has won the hearts of young shoppers and wiped out rivals with its trendy fashion and affordable prices, with $7.90 jeans and $8.90 cardigans. But lately, there are reports that the company is struggling to fill productivity.
United States
Fiat Chrysler to transfer Jeep Cherokee production out of Ohio
Fiat Chrysler Automobiles NV will move its Jeep Cherokee production out of its current Toledo, Ohio, while the production for Jeep Wrangler will remain in the state.
Russia cracks down on foreign internet firms
Russia has come up with a new law that empowers the government to not only block websites but also orders them to share data of Russian citizens.
Instagram adds new messaging, photo and video-sharing features to stay ahead of Snapchat
Instagram added fresh new features Tuesday to stay ahead with the fast-growing messaging service Snapchat. Facebook Inc.'s photo and video app now let users exchange message privately or through group conversations. Meanwhile, its photo and video-sharing service are upgraded to attract more young audiences.
Edenworks greenhouse rooftop yields cheaper and healthier produce
It was 2013 when Jason Green, Matt La Rosa and Ben Silverman built Edenworks by hand, an aquaponic greenhouse designed to grow herbs on your rooftop.
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Two giant public pension funds joined forces to oppose corporate bylaw changes at the Bank of America Corp that would make Brian Moynihan both chief executive and chairman.
Apple Inc is reportedly moving into the original programming business to compete with Netflix and other video streaming companies.
Despite its compact Civic sedan, which has compressed natural gas (CNG)-fueled powertrain, being discontinued earlier in 2015, Honda has just opened its first CNG refuelling station at its campus in Marysville, Ohio.
Hydrogen fuel cell maker claims it can make an iPhone 6 battery life last for a week. Intelligent Energy which is a British hydrogen fuel cell maker and a green energy company said it's not theoretical, far-off dream and claimed to have built a battery that definitely fits an iPhone6 and requires no charging of up to seven days.
One of Ireland's richest persons, John P. McManus, seeks $5.2 million from the U.S. government after it was wrongfully withheld from his $17.4 million gambling winnings to cover taxes.
Giant U.S. discount department store KMART Corp. paid $1.4 million for violating the False Claims Act by illegally using promotional materials to convince Medicare beneficiaries to fill prescriptions at its pharmacies, said the U.S. Justice Department Tuesday.
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.
A study conducted by Interpol and the United Nations said that only 33% of Europe's electronic wastes is correctly recycled. A large number of these electronic wastes include computers, cellphones and televisions that are dumped or traded illegally.
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.
