EU finds Starbucks, Fiat guilty of ‘Illegal’ Tax Breaks
On Wednesday, the European Union found Starbucks and Fiat guilty of tax breaks and asked them to repay up to 30 million Euros ($34 million)…
Business
YUM Separates China Business, Embraces Country-Specific Strategy
After being spun out ofPepsico two decades ago because Pepsico wanted to separate the beverage company from the restaurant business, YUM Brands has been one…
Russian Hackers infiltrated Dow Jones to steal market-moving information
The servers of Dow Jones & Co and a number of other news publications were broken into by a group of Russian hackers recently. Investigations and…
Wal-Mart Plans to Reinvent its Business to stay Afloat
The retail giant, Wal-Mart Stores, seems to have reached the limits of the big box model that Sam Walton practically invented back in the 1960s….
Dell-EMC Merger: Four Crucial Questions
Dell rattled the enterprise IT market on Monday when it announced its plans to acquire storage giant EMC for a staggering $67 billion. Following the…
Precious Gold has hit a 3 Month High
The recent precious gold price has reached its highest level since July, and is currently valued at $1,168.80/oz. The U.S. dollar meanwhile is at a…
Oil Sees Little Change still set for highest weekly gain since 2009
The trade on Friday in the Oil market saw no significant movers with the prices remaining characteristically choppy. It alternated between continued and persistent over…
Amazon Challenges Etsy with Strictly Handmade Marketplace
It seems that Amazon is all set to challenge Etsy in the growing handmade goods marketplace. It has launched a new marketplace, called Handmade at…
SABMiller Rejects AB InBev $100 Billion Proposal, Saying It is Too Low
When Anheuser-Busch InBev NV’s, the maker of Budweiser, provided SABMiller the maker of Miller with a $100 billion takeover proposal, the company rejected it on…
The Surprising History of Egg McMuffins Revealed
Egg McMuffin is the signature breakfast item of the iconic fast food American brand, McDonald’s. The sound that crash onto your ears at 11 a.m….
‘More Execs Should Have Gone to Jail after Financial Crisis,’ Says Bernanke
Ben Bernanke, who is the former Federal Reserve Chairman, recently claimed that there were more people who were involved in the financial crisis and they…
Traders Expect Fed to Raise Rates Next Year in March
Traders had placed bets on a 2015 Fed funds rate hike for the first time in almost a decade. However, now they are pushing back…
CEO Oscar Muñoz Pledges to Improve United’s Customer Service Image
CEO of United Airlines, Oscar Munoz, is trying hard to rehabilitate United’s customer service image that has fallen down a sinkhole. Since taking over as…
James Dimon—Who Says I Am Retiring?
At 59 and a survivor of cancer, James Dimon, the CEO of J.P. Morgan Chase & Co, said that he has no plans to retire…
Fiat Chrysler Automobiles Find Themselves in Trouble, Yet Again
As of late, bad luck has followed Fiat Chrysler Automobiles, as the car company keeps finding themselves in trouble. Just two months ago, the company…
Android and iOS Go to War: Who Can Block the Most Ads?
Will this be the war of the century? With Apple’s introduction of their latest AdBlock software, people have restarted the age old rivalry between Android…
Moody Gives Green Light to Indian Rating, but With Reforms
Moody’s Investors Service gave the green light to Indian macroeconomics policies and believes that India’s rating will continue to grow despite crashing economies with reform…
Daimler In North America Is All Set To Moving Its Headquarters To Michigan
It has been eight years since the parent company dumped the Chrysler Group, and now Daimler North America Corp. is all set to make Michigan…
State of Illinois Faces Lawsuit on Demand of Money by Two Lottery Winners
Categorized as high-achievers; two lottery winners Rasche and Chasteen have filed a lawsuit against the State of Illinois claiming to payout for their winnings. According…
What Sets Bitcoin Apart From Paper Currency?
You may have heard of bitcoinsand why people have started preferring them over standard currency as they were introduced to the market. You may even…