Business
Breaking up? Hewlett-Packard reported to split into two companies
Silicon Valley stalwart Hewlett-Packard Co, which has struggled to adapt to the new era of mobile and online computing, plans to split into two companies...
Gold expected to drop next week on U.S. dollar strength
As many as 16 of 26 analysts polled in a Kitco Gold Survey said they expected gold prices to trade lower next week, while seven predicted that prices will...
GM’s 71st recall of the year affects half a million vehicles
General Motors Co said on Friday it was recalling 524,384 cars and sport utility vehicles globally in two actions and would stop sales of two new truck...
Huge boost for U.S. as unemployment rate hits six-year low
The unemployment rate in the United States fell to below 6 per cent for the first time since July 2008, an extremely positive sign, and one likely to be...
Ebay’s PayPal spinoff could make it a major mobile payment player
EBay Inc. is splitting off its PayPal division, throwing the business into direct competition with Apple Inc.
PayPal and eBay to split up into two separate companies in 2015
PayPal is to be spun off from online auction site eBay, to become a separate publicly traded company.
EU slams Ireland and Apple over potentially illegal ‘sweetheart’ tax deals
A preliminary finding by the European Commission has found Ireland provided potentially illegal state aid to tech giant Apple for more than 20 years.
Strength-to-strength: Alibaba finance arm gets approval for private bank
Alibaba Group Holding Ltd’s finance arm has been given government approval to set up a private bank, China’s banking regulator said on Monday,...
Air France pilots call off two-week strike
Air France pilots have ended a two-week strike that paralysed the country’s flagship airline, and was triggered by a dispute over new contracts pertaining...
On the skids: Opel issues warning over Corsa steering
General Motor’s Opel business said on Friday that 8,000 of its Adam and Corsa compact cars delivered to customers in Europe since May 2014 need to...
Peter Thiel on why Apple is a ‘good monopoly’
Silicon Valley entrepreneur and author of the new book, “Zero to One: Notes on Startups, or how to Build the Future,” Peter Thiel, says capitalism...
World Trade Organization cuts global growth forecasts for 2014 and 2015
The World Trade Organization has sharply reduced its forecast for global trade growth this year, pointing to uneven economic growth in countries such as...
Conference Board: Age, not gender, is the new income divide in Canada
Age, not gender, is increasingly at the heart of income inequality in Canada, says a new study that warns economic growth and social stability will be...
Guess who’s the richest person in China now?
Jack Ma, founder of e-commerce giant Alibaba, is now China’s richest person thanks to the largest stock offer in history.
Passport to success? BlackBerry sets new phone launch in revival bid
BlackBerry is set to unveil its latest smartphone Wednesday, in a move aimed at reviving the fortunes of the struggling Canadian tech group.
Climate change protests, divestments meet fossil fuel realities
On the heels of vast climate protests Sunday and Monday, the Rockefellers, who made their vast fortune on oil, joined other philanthropists and high-wealth...
Striking Air France pilots reject airline’s offer to halt low-cost carrier launch
Air France pilots on Monday rejected a last-ditch management offer to end the longest strike at the airline since 1998, which is costing up to US$26 million...
Rockefeller heirs dump fossil fuels
The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday will announce pledges to divest a...
Thousands of Hong Kong students go on strike as China restricts voting reforms
Thousands of Hong Kong college and university students boycotted classes Monday to protest against Beijing’s decision to restrict voting reforms,...
Tesco suspends four senior executives in wake of $409M overstatement
Tesco suspended four executives on Monday, including its UK managing director, after the supermarket overstated its half-year profit guidance by US$409...
Crash of India’s jet-set tycoons reveals regulation woes, experts say
They were famed for their jet-set lifestyles and the names of their companies were emblazoned on airplanes, Formula One cars and the shirtfronts of cricket...
Shot in the arm: G-20 finance chiefs close to $2 trilion GDP growth target
Finance chiefs from the 20 largest economies say they are close to reaching their goal of boosting world GDP by more than $2 trillion over the next five...
'Open sesame': Alibaba surges in debut
Alibaba’s stock soared as the Chinese e-commerce powerhouse began its first day trading as a public company Friday.
China hands British drugs firm GSK record $489m fine for paying bribes
China fined GlaxoSmithKline Plc (GSK) a record $489 million on Friday for paying bribes to doctors to use its drugs, ending a damaging chapter for the...
Larry Ellison ends 37-year reign as Oracle chief executive
Larry Ellison on Thursday stepped down as chief executive of Oracle, handing off the helm of the successful technology company he co-founded in 1977.
How Alibaba stacks up against tech’s top players
Alibaba’s long-awaited IPO is here. Alibaba, which handles more business than any other e-commerce company, is set to sell about US$22 billion of...
New report: ‘Modern slavery’ in Malaysian electronics factories
Nearly one-third of the 350,000 workers in Malaysia’s electronics manufacturing sector – a major supplier for leading global brands – suffer...
The world’s billionaire population has hit a record high
Despite the a rocky economy, the world’s billionaire population is at an all-time high.The 2014 Billionaire Census reported Wednesday that the worldwide...
Struggling Sony warns of $2.14 billion annual loss—over four times forecast
Sony expects its annual loss to swell to 230 billion yen (US$2.14 billion) and has cancelled dividends for the first time in more than half a century after...
China adds stimulus with $81 billion bank injection
China is injecting $81 billion into the nation’s largest banks, according to a government official familiar with the matter, signaling the deepest...
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