Even giant Goldman Sachs has been adversely affected by the stock market chaos, as its 2015 distress trading desk lost about $50 million to $60 million.
United States
McDonald's terminated supplier's contract due to animal cruelty
McDonald's supplier contract ended due to animal cruelty. Even if an animal is raised for commercial consumption it still needs respect as what the birds in the farm that supply chicken meat to McDonald's need.
Toms Shoes CEO takes 12-week paternity leave; applauded by employees
Blake Mycoskie, CEO and founder of Toms Shoes, surprised his colleagues and employees when he said he was taking a 12-week paternity leave after his son was born. Mycoskie was unlike other new dads who would hesitate in taking time off because he wanted to spend some time with his newborn son. He also wanted to be a good example to his employees.
Get help from a trusted executor during estate planning
To make sure that your estate doesn't get a hitch, it is best to hire the right representative, also called an executor. Basically, an executor should protect the property of a diseased person until all the taxes and debts are paid. The executor should also make sure that whatever is left is passed on to the rightful heirs. The executor does not necessarily have to be a financial or legal expert.
Reviving the Ranger will get Ford back to action
History does repeat itself. Ford will definitely bring back the Ranger to the U.S. and rebuild it later this decade. Ford Motors is planning to return to the midsize pickup truck market with a new-generation revival of its Ranger nameplate.
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With an objective of taking additive manufacturing (3-D printing) to further advance level, America Makes has drawn up plans to support research and development (R&D) with financial funding of up to $8 million.
WeChat announced Wednesday its new fitness channel called WeRun, which is a step counter app. WeChat is China's most popular messaging app that has more than 600 million users. The WeRun is not the first time WeChat moved into fitness. Tencent, WeChat's parent company, launched the WeChat Sports in February.
Amazon announced Wednesday that it will offer its Prime Instant Video service in Japan next month, going toe-to-toe with rival Netflix in the video streaming industry.
ChartMogul, an analytics platform, is in the process of strengthening its product development, for which the Berlin-based company has raised new seed funding from Point Nine Capital. The just completed seed funding round is estimated to be $900,000 and the analytics platform provider will invest in speeding up the product development.
Exactly 20 years ago, on August 24, 1995, Microsoft launched Windows 95, and ultimately changed the way people interact with their computers.
Facebook is a wonderful avenue to raise awareness for certain advocacies. Now, it launched its donate button to make giving to nonprofits' pages easier and more effective.
The US consumer confidence has risen to 10.5 points in August, hitting its highest level in 7 months while the Conference Board's consumer index reached 101.5 this month.
Starkist Tuna settled a class action lawsuit for under filling its five-ounce tuna by few tenths of an ounce, and is now required to pay back consumers with cash or tuna.
Durable goods orders were up two percent in July on month-on-month (m-o-M) basis giving wider scope for the US gross domestic production (GDP) to reach over 2.8 percent in the third quarter this year as latest research reports forecast.
