Business
Lufthansa pilots strike cancels 1,511 flights
A new Lufthansa pilots strike has triggered the cancelation of 1,511 flights over October 20 and October 21. The strike was initially aimed at mostly...
IBM pays $1.5 billion to GlobalFoundries to take over its chip making division
IBM is to pay $1.5 billion in cash to offload its loss-making chip manufacturing division to Abu Dhabi sovereign wealth fund GlobalFoundries. IBM, which wanted...
Joko Widodo sworn in as Indonesia’s president
Joko Widodo has been sworn in as Indonesia’s new president in a Jakarta ceremony. The 53-year-old charismatic outsider who won Indonesia's presidency made a call...
Supreme Court: Texas can use new voter ID law for November elections
Texas can use its controversial new voter ID law for the November election, the Supreme Court ruled on October 18. A majority of the justices...
Morgan Stanley reports 87% jump in profit in Q3 2014
Morgan Stanley has reported an 87% jump in profits to $1.65 billion in Q3 2014. Trading of currencies, commodities and bonds was a big driver...
Stock markets stage partial recovery
World’s markets have staged a partial recovery after a week of precipitous falls and volatility. London's FTSE 100 index was up over 1% in mid-afternoon...
Rolls-Royce revenues fall due to sanctions against Russia
Rolls-Royce Holdings has warned of falling revenues as trade sanctions against Russia begin to bite. Customers of Rolls-Royce’s nuclear, energy and power systems businesses have...
Options for Selling Your Business
As a business owner, there may come a time in your professional career that you want to sell the business. This is extremely common,...
What to Know Before Buying a Business
Being a business owner can be extremely rewarding, and it’s something that many people would like to accomplish at some point in their life....
Goldman Sachs reports 50% jump in profit in Q3 2014
Goldman Sachs has reported a 50% jump in profit in Q3 2014 after a sudden jolt in bond market activity helped boost revenues. The investment...
Europe stocks continue to drop amid fears of global economic slowdown and Ebola crisis
European markets continue to tumble on October 16 amid fears of a global economic slowdown and the impact of the Ebola crisis. The main stock...
Asian markets open lower as Wall Street tumbles on US economic data
Asian markets opened lower on October 16 after Wall Street tumbled on US economic data, fuelling growth concerns. Data from the US showed retail sales...
Black Friday 2014: Macy’s stores will open at 6pm on Thanksgiving Day
Retailers have announced their hours for this year’s Thanksgiving weekend. Black Friday marks the traditional kick-off to the holiday shopping season, and the shift toward...
Apprentice 2014: Businessman Chiles Cartwright becomes first candidate to be fired from show
Shropshire businessman Chiles Cartwright has become the first candidate to be fired from this year's The Apprentice after Lord Alan Sugar failed to buy...
Bank of America reports huge drop in profits in Q3 2014
Bank of America has reported a net profit of $168 million in Q3 2014, down from $2.5 billion a year earlier. Total revenue was $21.4...
Ann Romney denies Mitt Romney will make new bid for White House in 2016
Ann Romney, the wife of former Republican presidential candidate Mitt Romney, has denied he will make a third bid for the White House, amid...
Toyota recalls 1.75 million vehicles worldwide
Toyota is recalling 1.75 million vehicles worldwide over faulty brake installations and fuel component issues. The latest brake defect is found in some models of...
Mark Zuckerberg buys part of Kauai
Facebook founder Mark Zuckerberg has reportedly bought two adjacent chunks of land in Hawaii for more than $100 million. Mark Zuckerberg bought part of Kauai,...
JP Morgan Chase reports $5.6 billion profit for Q3 2014
JP Morgan Chase has reported a $5.6 billion profit for Q3 2014. The quarterly results represent a marked improvement on a year earlier, when the...
Kmart hit by credit card data theft
Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach last week and is investigating the incident...
Jean Tirole wins Nobel Prize in Economic Sciences 2014
Jean Tirole has won the 2014 Nobel Prize in Economic Sciences for his work on market power and regulation, and his work taming powerful...
Bolivia elections 2014: President Evo Morales wins third term in office
Evo Morales is claiming a third term in office win in Bolivia’s presidential elections. "This win is a triumph for anti-imperialists and anti-colonialists," Evo Morales...
King Philippe of Belgium swears in Charles Michel’s government
King Philippe of Belgium has sworn in a new centre-right government, more than four months after the general election. The new cabinet is led by...
Lego will not renew Shell partnership after Greenpeace campaign
Lego will not renew a promotional contract with Royal Dutch Shell following pressure from environmental group Greenpeace. The Danish toymaker did not say when its...
Red Bull consumers can claim $10 after false advertising lawsuit
Benjamin Careathers, a regular consumer of Red Bull, sued the drinks giant for false advertising. The American argued that after 10 years drinking the caffeinated...
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