Yahoo to buy social shopping site Polyvore

Polyvore is expected to accelerate Yahoo's Mavens growth strategy through its offerings in social, native and mobile.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Hd1Yip August 01, 2015 at 11:32AM http://ift.tt/eA8V8J

Bitcoin exchange MtGox's boss Mark Karpeles arrested in Japan

Karpeles is suspected to have accessed MtGox's computer system and changed data to inflate the exchange's assets.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OGjmBD August 01, 2015 at 10:59AM http://ift.tt/eA8V8J

LinkedIn shares fall despite impressive quarterly results

LinkedIn reported second quarter revenues of $712m, an increase of 33% compared to same quarter in 2014.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KDcCqr July 31, 2015 at 12:25PM http://ift.tt/eA8V8J

Uber to invest $1bn to expand Indian operations

Uber looks to India and China for growth amid competition from Ola and Didi Kuaidi.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ItFkDn July 31, 2015 at 11:09AM http://ift.tt/eA8V8J

Hackers demand huge ransom from banks to avoid DDoS attacks

Hackers warn 100 companies of cyber-attacks, FBI official cited as saying.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1H8Zf9H July 31, 2015 at 10:31AM http://ift.tt/eA8V8J

Peta buys tiny stake in Herms to force ban on exotic animal skin accessories

Herms uses exotic animal skins in its iconic products such as the luxurious Birkin bags.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MxAQBz July 31, 2015 at 09:35AM http://ift.tt/eA8V8J

World Gold Council: Indian jewellery still suffers from 10-15% under-caratage

Council wants India to have rigorous hallmarking system to boost consumer trust in India-made jewellery.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DRdVKy July 30, 2015 at 02:37PM http://ift.tt/eA8V8J

Wembley Arena owner Quintain acquired for 700m by Lone Star

The US private equity fund will pay 131p per share, representing a 22% premium over Quintain's market price.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1eCfGEK July 30, 2015 at 12:52PM http://ift.tt/eA8V8J

Sainsbury's sells 281-store pharmacy business to Celesio for 125m

Celesio is owner of LloydsPharmacy, Britain's second biggest retail pharmacy operator with more than 1,500 stores.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MuVwKK July 30, 2015 at 11:15AM http://ift.tt/eA8V8J

UK business leaders want government to act swiftly on Heathrow expansion

Business leaders urge government to approve Airports Commission's recommendation to expand Heathrow.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SiYQgz July 30, 2015 at 10:27AM http://ift.tt/eA8V8J

Facebook claims half of world's online population

Nearly 1.5 billion of the estimated 3 billion users of the internet access Facebook at least once a month.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MuQcXx July 30, 2015 at 09:49AM http://ift.tt/eA8V8J

GM investing $1bn in India to make country new export hub

Company also looks to double its market share in India by 2020.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OOarip July 29, 2015 at 04:18PM http://ift.tt/eA8V8J

India's SpiceJet in talks with Boeing and Airbus for $11b aircraft order

India's budget carrier earlier reported second straight quarter of profitability, rebounding from 2014 losses.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OO1UMj July 29, 2015 at 02:26PM http://ift.tt/eA8V8J

Honeywell to buy Elster from Melrose for 3.3bn

Germany-based Elster is present in more than 130 countries with its devices measuring flow of natural gas, electricity and water.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Irj9St July 29, 2015 at 12:11PM http://ift.tt/eA8V8J

RBS to cut Citizens stake to below 25% after $2.2bn share sale

RBS to sell 75 million shares in US bank through a public offer.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SePBhC July 29, 2015 at 11:20AM http://ift.tt/eA8V8J

UN moves closer to creating global bankruptcy system for indebted countries

UN Ad Hoc Committee on Sovereign Debt Restructuring adopts nine principles in this regard.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1D7Qkul July 29, 2015 at 10:24AM http://ift.tt/eA8V8J

BP cuts capex outlook and warns of longer period of sluggish oil prices

Sluggish China growth and US shale boom to add to supply glut, says oil giant.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SM4hzB July 29, 2015 at 09:39AM http://ift.tt/eA8V8J

Procter & Gamble to name veteran David Taylor as new CEO

The 35-year insider will replace A.G. Lafley, who will remain as chairman to help with leadership transition.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JN8A8Z July 28, 2015 at 10:36AM http://ift.tt/eA8V8J

Teva to acquire Allergan's generic drugs unit for $40.5bn

Teva will pay $33.75bn in cash and offer $6.75bn of its stock for Allergan.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gZ764I July 27, 2015 at 04:08PM http://ift.tt/eA8V8J

Fiat Chrysler gets record $105m US fine over lapses in safety recalls

Carmaker would also have to buy back more than 500,000 Ram pickup trucks and other vehicles under agreement with NHTSA.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JJQB3l July 27, 2015 at 01:35PM http://ift.tt/eA8V8J

Apple, Microsoft, Google and other US firms to commit $140bn to address climate change

Bank of America, General Motors, Cargill, Wal-Mart Stores, Coca-Cola and PepsiCo will also contribute.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OJPDIN July 27, 2015 at 12:37PM http://ift.tt/eA8V8J

AirAsia blasts Malaysia airport operator for 'sinking' new terminal in Kuala Lumpur

AirAsia boss Tony Fernandes highlights risks of cracks in taxiway.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HTZQzO July 27, 2015 at 11:56AM http://ift.tt/eA8V8J

Great Scotland Yard sold to Indian billionaire Yusuffali Kader for 110m

Kader's Lulu Group and Steigenberger to turn property into luxury hotel with suites costing up to 10,000 a night.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IA7D9B July 27, 2015 at 10:48AM http://ift.tt/eA8V8J

UK house prices inflated by foreign criminals by laundering billions via luxury properties

Donald Toon, director of economic crime at NCA, says property market skewed by laundered money.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Io2cZk July 25, 2015 at 11:48AM http://ift.tt/eA8V8J

Gold prices plunge to new 5.5-year low on strong dollar, silver hits 6-year low

Gold prices closed at $1,085.50 per ounce on 24 July, down 0.79% or $8.60, on Comex.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MsQEXi July 25, 2015 at 11:02AM http://ift.tt/eA8V8J

Nokia's 15.6bn acquisition of Alcatel-Lucent gets European Commission approval

Regulator says deal will not hamper competition as Ericsson and Huawei are already there.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MsNnqY July 25, 2015 at 09:58AM http://ift.tt/eA8V8J

US Fed data leak shows staff expect interest rate to increase

As per staff projections, Fed will increase benchmark rates to 0.35% by end of 2015 from 0.13%.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LJadsM July 25, 2015 at 09:28AM http://ift.tt/eA8V8J

LinkedIn shares fall despite impressive quarterly results

LinkedIn reported second quarter revenues of $712m, an increase of 33% compared to same quarter in 2014.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KDcCqr July 31, 2015 at 12:25PM http://ift.tt/eA8V8J

Uber to invest $1bn to expand Indian operations

Uber looks to India and China for growth amid competition from Ola and Didi Kuaidi.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ItFkDn July 31, 2015 at 11:09AM http://ift.tt/eA8V8J

Hackers demand huge ransom from banks to avoid DDoS attacks

Hackers warn 100 companies of cyber-attacks, FBI official cited as saying.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1H8Zf9H July 31, 2015 at 10:31AM http://ift.tt/eA8V8J

Peta buys tiny stake in Hermès to force ban on exotic animal skin accessories

Hermès uses exotic animal skins in its iconic products such as the luxurious Birkin bags.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MxAQBz July 31, 2015 at 09:35AM http://ift.tt/eA8V8J

World Gold Council: Indian jewellery still suffers from 10-15% under-caratage

Council wants India to have rigorous hallmarking system to boost consumer trust in India-made jewellery.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DRdVKy July 30, 2015 at 02:37PM http://ift.tt/eA8V8J

Wembley Arena owner Quintain acquired for £700m by Lone Star

The US private equity fund will pay 131p per share, representing a 22% premium over Quintain's market price.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1eCfGEK July 30, 2015 at 12:52PM http://ift.tt/eA8V8J

Sainsbury's sells 281-store pharmacy business to Celesio for £125m

Celesio is owner of LloydsPharmacy, Britain's second biggest retail pharmacy operator with more than 1,500 stores.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MuVwKK July 30, 2015 at 11:15AM http://ift.tt/eA8V8J

UK business leaders want government to act swiftly on Heathrow expansion

Business leaders urge government to approve Airports Commission's recommendation to expand Heathrow.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SiYQgz July 30, 2015 at 10:27AM http://ift.tt/eA8V8J

Facebook claims half of world's online population

Nearly 1.5 billion of the estimated 3 billion users of the internet access Facebook at least once a month.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MuQcXx July 30, 2015 at 09:49AM http://ift.tt/eA8V8J

GM investing $1bn in India to make country new export hub

Company also looks to double its market share in India by 2020.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OOarip July 29, 2015 at 04:18PM http://ift.tt/eA8V8J

India's SpiceJet in talks with Boeing and Airbus for $11b aircraft order

India's budget carrier earlier reported second straight quarter of profitability, rebounding from 2014 losses.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OO1UMj July 29, 2015 at 02:26PM http://ift.tt/eA8V8J

Honeywell to buy Elster from Melrose for £3.3bn

Germany-based Elster is present in more than 130 countries with its devices measuring flow of natural gas, electricity and water.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Irj9St July 29, 2015 at 12:11PM http://ift.tt/eA8V8J

RBS to cut Citizens stake to below 25% after $2.2bn share sale

RBS to sell 75 million shares in US bank through a public offer.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SePBhC July 29, 2015 at 11:20AM http://ift.tt/eA8V8J

UN moves closer to creating global bankruptcy system for indebted countries

UN Ad Hoc Committee on Sovereign Debt Restructuring adopts nine principles in this regard.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1D7Qkul July 29, 2015 at 10:24AM http://ift.tt/eA8V8J

BP cuts capex outlook and warns of longer period of sluggish oil prices

Sluggish China growth and US shale boom to add to supply glut, says oil giant.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SM4hzB July 29, 2015 at 09:39AM http://ift.tt/eA8V8J

Procter & Gamble to name veteran David Taylor as new CEO

The 35-year insider will replace A.G. Lafley, who will remain as chairman to help with leadership transition.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JN8A8Z July 28, 2015 at 10:36AM http://ift.tt/eA8V8J

Teva to acquire Allergan's generic drugs unit for $40.5bn

Teva will pay $33.75bn in cash and offer $6.75bn of its stock for Allergan.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gZ764I July 27, 2015 at 04:08PM http://ift.tt/eA8V8J

Fiat Chrysler gets record $105m US fine over lapses in safety recalls

Carmaker would also have to buy back more than 500,000 Ram pickup trucks and other vehicles under agreement with NHTSA.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JJQB3l July 27, 2015 at 01:35PM http://ift.tt/eA8V8J

Apple, Microsoft, Google and other US firms to commit $140bn to address climate change

Bank of America, General Motors, Cargill, Wal-Mart Stores, Coca-Cola and PepsiCo will also contribute.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OJPDIN July 27, 2015 at 12:37PM http://ift.tt/eA8V8J

AirAsia blasts Malaysia airport operator for 'sinking' new terminal in Kuala Lumpur

AirAsia boss Tony Fernandes highlights risks of cracks in taxiway.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HTZQzO July 27, 2015 at 11:56AM http://ift.tt/eA8V8J

Great Scotland Yard sold to Indian billionaire Yusuffali Kader for £110m

Kader's Lulu Group and Steigenberger to turn property into luxury hotel with suites costing up to £10,000 a night.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IA7D9B July 27, 2015 at 10:48AM http://ift.tt/eA8V8J

UK house prices inflated by foreign criminals by laundering billions via luxury properties

Donald Toon, director of economic crime at NCA, says property market skewed by laundered money.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Io2cZk July 25, 2015 at 11:48AM http://ift.tt/eA8V8J

Gold prices plunge to new 5.5-year low on strong dollar, silver hits 6-year low

Gold prices closed at $1,085.50 per ounce on 24 July, down 0.79% or $8.60, on Comex.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MsQEXi July 25, 2015 at 11:02AM http://ift.tt/eA8V8J

Nokia's €15.6bn acquisition of Alcatel-Lucent gets European Commission approval

Regulator says deal will not hamper competition as Ericsson and Huawei are already there.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MsNnqY July 25, 2015 at 09:58AM http://ift.tt/eA8V8J

US Fed data leak shows staff expect interest rate to increase

As per staff projections, Fed will increase benchmark rates to 0.35% by end of 2015 from 0.13%.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LJadsM July 25, 2015 at 09:28AM http://ift.tt/eA8V8J

Anglo American to cut 6,000 jobs to counter low commodity prices

Company looks to save $500m via various cost cutting measures, as it posted a huge loss for the first half.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1frbRD4 July 24, 2015 at 02:38PM http://ift.tt/eA8V8J

China's manufacturing sector contracts for 5th straight month in July

Flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) declined to 48.2, the lowest reading since April 2014.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Kog08k July 24, 2015 at 12:10PM http://ift.tt/eA8V8J

Forbes Asia Fabulous 50: China's Tencent and India's HDFC Bank bag top honours

Baidu, Lenovo, TCS and Tata Motors also on prestigious list.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CTHosp July 24, 2015 at 11:34AM http://ift.tt/eA8V8J

Japan's Meiji Yasuda acquiring StanCorp of US for $5bn

Move comes as Japanese insurers look abroad for growth amid domestic slowdown.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IpZLY6 July 24, 2015 at 10:14AM http://ift.tt/eA8V8J

AT&T secures FCC nod to complete $48.5bn deal with DirecTV

At least three of five FCC commissioners voted in favour of deal with conditions.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JBTdA8 July 24, 2015 at 08:15AM http://ift.tt/eA8V8J

Qualcomm to cut 15% of workforce and consider break-up

Qualcomm's third quarter revenues fell 14.3% to $5.83bn — the first quarterly fall in five years.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OyYltj July 23, 2015 at 01:09PM http://ift.tt/eA8V8J

Bank of America CFO Bruce Thompson steps down

Thompson will be replaced by Paul Donofrio with effect from 1 August.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MpmZy7 July 23, 2015 at 11:53AM http://ift.tt/eA8V8J

US Senator calls on regulators to probe Apple for antitrust violations in music streaming market

Senator Al Franken said regulators need to ensure meaningful competition in ever-evolving digital music industry.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gPvEwM July 23, 2015 at 11:24AM http://ift.tt/eA8V8J

Versace-designed Aykon Tower flats in Nine Elms to cost £711,000 and more

The 57-storey skyscraper will have 360 apartments and be completed in 2020.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LvSbvE July 23, 2015 at 10:52AM http://ift.tt/eA8V8J

Roger Federer is world's most marketable sports star despite Wimbledon loss

Tennis stars dominates latest top 20 power list prepared by London School of Marketing.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CPyjkh July 22, 2015 at 03:25PM http://ift.tt/eA8V8J

Toshiba sells stake in elevator maker Kone for €864.7m to bolster books

Toshiba Elevator and Building Systems sells Kone shares to institutional investors.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1g49Opj July 22, 2015 at 02:39PM http://ift.tt/eA8V8J

Gold prices remain under pressure after hitting 5-year low

Bullion is trading down 1.11% at 1,091.20 per ounce on Comex as at 6.51am GMT.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LCowPG July 22, 2015 at 12:11PM http://ift.tt/eA8V8J

Toyota delays plan to build Lexus vehicles in China

Slow growth in China's auto market and lower manufacturing costs in Japan delay Toyota's new assembly line in China.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Ii3gxV July 22, 2015 at 11:05AM http://ift.tt/eA8V8J

US telecom and antitrust regulators signal approval for $48.5bn AT&T-DirecTV deal

US Federal Communications Commission and Justice Department expected to announce their approval soon.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IjJ5Bm July 22, 2015 at 10:21AM http://ift.tt/eA8V8J

Audi, BMW and Daimler near deal to buy Nokia Here Maps for over €2.5bn

The German auto makers outbid Silicon Valley rivals and plan to create an open platform, according to WSJ.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KjTeLV July 22, 2015 at 09:49AM http://ift.tt/eA8V8J

Qualcomm likely to announce thousands of job cuts and company break-up

The company is preparing to lay off thousands of employees due to challenges in the high-end smartphone business.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JtYMAz July 21, 2015 at 03:02PM http://ift.tt/eA8V8J

Pearson said to be exploring sale of Financial Times for £1bn

Germany's Axel Springer SE as well as investors in Europe, the Middle East and Asia are expected to be potential bidders.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CMDSjy July 21, 2015 at 12:02PM http://ift.tt/eA8V8J

Rolls-Royce secures £1.4bn worth of Trent 700 engine contracts

New contracts are a relief for Rolls Royce, after it cut profit outlook for third time in just over a year.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gLjFjU July 21, 2015 at 10:46AM http://ift.tt/eA8V8J

Brics-promoted New Development Bank opens in Shanghai

Bank was officially launched at last BRICS summit in Russian city of Ufa earlier in July.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HN1CAx July 21, 2015 at 10:08AM http://ift.tt/eA8V8J

Turkey targets international partners to boost defence exports to $25bn by 2023

Turkey is looking for co-production and technology transfer agreements at a conference to be held in Ankara on 10-12 November.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KfPBtc July 20, 2015 at 04:17PM http://ift.tt/eA8V8J

Gold prices plunge to 5-year low on Chinese sell-off and US rate hike hopes

Gold prices fall to as low as $1,088.05 an ounce, the weakest level since March 2010.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CRCQ5p July 20, 2015 at 03:04PM http://ift.tt/eA8V8J

Standard Chartered rejigs organisation structure to cut down regions to 4

Greater China and North Asia, ASEAN and South Asia, Africa and Middle East, and Europe and Americas are the new regions.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Ie25RY July 20, 2015 at 01:18PM http://ift.tt/eA8V8J

Shell to cut capital expenditure to adjust books for plunge in oil prices

Company expects more savings from its proposed merger with BG Group than previously disclosed.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Mf85cQ July 20, 2015 at 12:21PM http://ift.tt/eA8V8J

Online furniture retailer Made.com raises $60m for European expansion

Funding round was led by Partech Ventures and Fidelity Growth Partners.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KftG2H July 20, 2015 at 11:34AM http://ift.tt/eA8V8J

Google now valued at over $450bn after recent share rally

Google class A shares closed up 16.05% or $93.08 at $672.93, representing market capitalisation of $459.2bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Lh5fow July 18, 2015 at 01:25PM http://ift.tt/eA8V8J

Toshiba accounting scandal: Japan regulators plan to fine conglomerate

Nikkei reported that the SESC is planning to probe the company after a third-party review on the company's accounting practices.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1VdjMEG July 18, 2015 at 12:43PM http://ift.tt/eA8V8J

JPMorgan reaches $388m settlement with investors in mortgage-backed securities lawsuit

Investors claimed bank misled them into buying $10bn worth of substandard residential mortgage-backed securities.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1VdbdKa July 18, 2015 at 11:49AM http://ift.tt/eA8V8J

China state-run margin lender equipped with $483bn firepower to arrest stock market rout

China Securities Finance Corp will be financially supported by People's Bank of China and 17 big lenders.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1I9IQHf July 18, 2015 at 11:02AM http://ift.tt/eA8V8J

CVS, Costco and Walmart Canada shut down online photo services due to suspected hacking attack

Companies are investigating data breach and urged customers to monitor their credit card accounts.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LgHxbO July 18, 2015 at 10:16AM http://ift.tt/eA8V8J

South Korea's Posco stalls $12bn steel project in India

Project in eastern India's Odisha state hit by regulatory delays.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HUcs74 July 17, 2015 at 01:31PM http://ift.tt/eA8V8J

Google posts better-than-expected profit on ad revenue growth

Google reports profits of $3.93bn , or $6.43 per share, up 17% from the same quarter in 2014.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1I7Lduc July 17, 2015 at 12:16PM http://ift.tt/eA8V8J

Mark Carney hints possible interest rate rise 'at turn of this year'

Rate increases are expected to be gradual, and limited to a level below past averages.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1OazU4F July 17, 2015 at 12:00PM http://ift.tt/eA8V8J

Samsung C&T shareholders approve $8bn merger with Cheil Industries

Development comes as major blow to US hedge fund Elliott Associates.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1M9165i July 17, 2015 at 10:52AM http://ift.tt/eA8V8J

Apple faces trademark lawsuit in Europe over iWatch term

Probendi, which owns iWatch trademark in Europe, moves Milan court.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JlUYBm July 17, 2015 at 10:35AM http://ift.tt/eA8V8J

Tata Steel axes 720 UK jobs blaming high energy costs and strong pound

Most job cuts will be at the company's steel bar-making plant in Rotherham.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1f6LYIC July 16, 2015 at 04:31PM http://ift.tt/eA8V8J

Facebook testing small e-commerce stores within social network

Company is building out shops within Facebook pages, providing businesses a chance to directly sell their products.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HzVdZt July 16, 2015 at 03:10PM http://ift.tt/eA8V8J

ADB cuts Asia growth forecast on China and US woes

ADB has cut its 2015 growth forecast for Developing Asia to 6.1% from 6.3%.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DivDGr July 16, 2015 at 01:45PM http://ift.tt/eA8V8J

Toshiba accounting scandal: Conglomerate faces over $3bn in fines

Company's improper book-keeping practices allegedly led to an overstatement in profits by more than ¥170bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LkVPXr July 16, 2015 at 12:25PM http://ift.tt/eA8V8J

IPA Bellwether report: UK firms to spend more on ads despite being less optimistic

Latest IPA Bellwether report reveals that a net balance of 12.2% of companies increased their advertising budgets in second quarter.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MbPLCt July 16, 2015 at 11:47AM http://ift.tt/eA8V8J

Singapore's Oxley buys 20% stake in London homebuilder Galliard for £50m

Galliard is London's largest privately owned residential developer and second largest house builder in the UK capital.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1I4Dlvh July 16, 2015 at 11:22AM http://ift.tt/eA8V8J

Mining giant BHP Billiton in $2.8bn US shale writedown

Most of impairment charge is related to shale gas-focused Hawkville field in South Texas.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MtsbxR July 15, 2015 at 03:29PM http://ift.tt/eA8V8J

Toshiba CEO Hisao Tanaka expected to resign over accounting scandal

More than half the board is expected to resign at company's next shareholders' meeting.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1f2o8xt July 15, 2015 at 12:38PM http://ift.tt/eA8V8J

Twitter shares surge after fake $31bn buyout offer report

US SEC is probing possible market manipulation over fake news article.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Lhr5GJ July 15, 2015 at 11:49AM http://ift.tt/eA8V8J

Yum Brands sales dip for another quarter due to persistent China woes

The company recorded total sales of $3.11bn for second quarter, down 3% from 2014.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1dZYYPa July 15, 2015 at 10:45AM http://ift.tt/eA8V8J

Morgan Stanley: China slowdown raises fears of global recession

Ruchir Sharma says China is likely to be the biggest source of vulnerability for the global economy.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1RxYbaE July 15, 2015 at 09:55AM http://ift.tt/eA8V8J

China records 7% growth in second quarter beating forecasts

China's NBS warns of difficult local and global economic conditions.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1M4T4dy July 15, 2015 at 09:26AM http://ift.tt/eA8V8J

IBM to help breastfeeding employees ship milk back to babies

New IBM perk will allow working mothers to ship expressed breast milk to their babies while travelling for work.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CBmb6t July 14, 2015 at 01:10PM http://ift.tt/eA8V8J

China's Tsinghua Unigroup seeking to buy US chipmaker Micron Technology for $23bn

WSJ reports that Tsinghua is willing to pay $21 per share for Micron in what could be the biggest foreign deal by a Chinese company.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1O8YJys July 14, 2015 at 11:20AM http://ift.tt/eA8V8J

Facebook reaches $250bn market cap at record pace

Social network giant takes just over three years to reach at $250bn mark, beating previous record holder Google.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gyl2T4 July 14, 2015 at 10:23AM http://ift.tt/eA8V8J

Reddit: Ex CEO says co-founder Alexis Ohanian to be blamed instead of Ellen Pao for chaos

Yishan Wong alleges Ohanian had different ideas for AMA forum handled by Victoria Taylor.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HZ3hbC July 14, 2015 at 09:43AM http://ift.tt/eA8V8J

Starbucks joins hands with Microsoft, Walmart and others to create 100,000 jobs for US youth

Companies in 100,000 Opportunities Initiative include JPMorgan Chase and Taco Bell.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1RtryuO July 13, 2015 at 02:27PM http://ift.tt/eA8V8J

US consumer goods major Jarden close to acquiring Waddington Group in $1.35bn deal

Jarden has agreed on terms with Olympus Partners, private equity owner of Waddington.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gwwzSV July 13, 2015 at 11:26AM http://ift.tt/eA8V8J

Over 200 apartments in Canary Wharf residential tower sold in less than 5 hours

Flats attracted record price per square foot of £1,200, generating £140m for developers.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1K33SGL July 13, 2015 at 10:49AM http://ift.tt/eA8V8J

Greece tour becomes cheap as holidaymakers grow wary of crisis-hit country

Hotels and airlines slash rates as debt crisis hits Greek tourism.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1NZzpKo July 13, 2015 at 10:16AM http://ift.tt/eA8V8J

170,000 birds culled in Lancaster poultry farm on avian flu suspicion

Defra imposes 'temporary control zone' within farm in Goosnargh, Preston, as precautionary measure.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1K05c07 July 13, 2015 at 09:05AM http://ift.tt/eA8V8J

Business Secretary wants foreign students to leave UK once they complete studies

Ministers plan to tighten rules for non-EU students who may be forced to leave after studies and apply for a separate visa to work in the UK.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1M1lAO5 July 11, 2015 at 12:46PM http://ift.tt/eA8V8J

Libor rigging scandal: US probing former Deutsche Bank traders

US Justice Department is preparing cases against them and could bring charges before end of 2015.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HlHurj July 11, 2015 at 11:58AM http://ift.tt/eA8V8J

Bottom of oil market 'may still be ahead', says IEA

Demand would decline in 2016 while supply from Opec producers projected to remain at high levels.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CuWPag July 11, 2015 at 11:02AM http://ift.tt/eA8V8J

Alibaba top executive Patrick Liu Chunning arrested on graft charges during tenure at Tencent

Alibaba confirms Liu Chunning's arrest on its Weibo account.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LZCLzD July 10, 2015 at 04:04PM http://ift.tt/eA8V8J

South Korean pension fund's vote crucial to decide Samsung merger

South Korea's National Pension Service is largest shareholder in Samsung C&T with 11.2% stake.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1D4MqMZ July 10, 2015 at 01:27PM http://ift.tt/eA8V8J

Cisco to invest $1bn in UK technology sector

Cisco CEO John Chambers makes announcement at meeting with PM David Cameron.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1J7L9Hj July 10, 2015 at 12:07PM http://ift.tt/eA8V8J

Former Kremlin banker Sergei Pugachev flees UK for France claiming murder attempts

Pugachev has been accused of stealing more than £655m from Russia's Mezhprombank.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1grpUJw July 10, 2015 at 11:27AM http://ift.tt/eA8V8J

Apple shares plummet on China slowdown fears

Analysts say iPhone sales could take a hit in China.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1UHERqx July 10, 2015 at 09:27AM http://ift.tt/eA8V8J

Facebook reportedly preparing to launch music-streaming service

Company's plans to monetise music videos emerged as important stepping stone towards on-demand audio service, reports Music Ally.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1TnvYRF July 09, 2015 at 04:17PM http://ift.tt/eA8V8J

Email about ExxonMobil reveals how energy companies disregard climate change in pursuit of profits

ExxonMobil knew about impact of oil and gas exploration on climate as early as 1981, but paid no attention to the fact, says email.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1UDiLW9 July 09, 2015 at 12:31PM http://ift.tt/eA8V8J

Russia's Rosneft to buy 49% of Essar's refinery in India

Rosneft also signed a deal to supply 10 million tonnes of oil per year to the Indian refinery over 10 years.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KVPkdt July 09, 2015 at 11:07AM http://ift.tt/eA8V8J

Reddit moderators shut down website in anger

Brian Lynch and Courtnie Swearingen say they were angered by abrupt termination of their coordinator, Victoria Taylor.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1TmWY3y July 09, 2015 at 10:22AM http://ift.tt/eA8V8J

Apple to produce record number of next iPhones despite minimal change in specs

Company has ordered as many as 90 million units to be manufactured, WSJ reports.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1NPPoKZ July 09, 2015 at 09:21AM http://ift.tt/eA8V8J

Heineken now owns controlling stake in Vijay Mallya's United Breweries

Heineken has acquired a 3.21% stake in UB from United Spirits, which has exited the group, for Rs 8.72bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CZS570 July 08, 2015 at 12:09PM http://ift.tt/eA8V8J

Symantec in talks to sell Veritas data storage business to Carlyle Group

Symantec trying to sell Veritas, which it bought in 2005 for more than $13bn, due to low revenue growth.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1UyXZap July 08, 2015 at 10:48AM http://ift.tt/eA8V8J

Facebook's Sheryl Sandberg joins SurveyMonkey board

Sandberg's late husband David Goldberg had been serving as SurveyMonkey CEO.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KMuUFc July 08, 2015 at 10:12AM http://ift.tt/eA8V8J

Viagra, erectile dysfunction prescriptions rise in UK as generic versions slash prices

In 2014, there were 1.7 million prescriptions for sildenafil as prices plunged 86%.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1MdhwHE July 08, 2015 at 09:47AM http://ift.tt/eA8V8J

UK online spending more than triples over last 5 years

More than one pound in every four spent on Visa card is now spent online, says Visa Europe.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1NObmyH July 07, 2015 at 03:53PM http://ift.tt/eA8V8J

More than 200 Chinese companies halt trading as market sell-off continues

Securities Times reports that 760 major companies on Shanghai and Shenzhen Stock Exchanges had suspended trading in past week.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CjRqm4 July 07, 2015 at 02:54PM http://ift.tt/eA8V8J

Samsung C&T wins another court ruling to proceed with $8bn Cheil Industries deal

US hedge fund Elliott Associates fails to block Samsung C&T from selling treasury shares to KCC.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1UuT36n July 07, 2015 at 01:01PM http://ift.tt/eA8V8J

Apple and Google vying for car connectivity revenues projected at €180bn by 2020

Technology companies and automotive giants are working on transforming cars into full-service mobile devices.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1NNFkTr July 07, 2015 at 11:46AM http://ift.tt/eA8V8J

German media majors ProSiebenSat.1 and Axel Springer in merger talks

Combined entity is expected to have market capitalisation of about €14.4bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1M9IUX2 July 07, 2015 at 10:19AM http://ift.tt/eA8V8J

Shares plunge after Rolls-Royce cuts profit forecast again

Engineering major blamed deterioration in the offshore marine business for its revised outlook.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1dGXtp9 July 06, 2015 at 01:56PM http://ift.tt/eA8V8J

Thousands of holidaymakers in misery as easyJet braces for first strike action in airline's history

EasyJet is facing strike by its cabin crew as negotiations over pay fall apart.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1H9An53 July 06, 2015 at 11:35AM http://ift.tt/eA8V8J

Osborne to slash benefit cap and remove housing subsidies as part of £12bn welfare cuts

Welfare cuts are part of Chancellor's strategy to balance budget.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1M5UVgb July 06, 2015 at 10:29AM http://ift.tt/eA8V8J

China bucks trend as other Asian markets fall on Grexit fears after 'No' vote to austerity

Australia's S&P/ASX, Japan's Nikkei and Hong Kong's Hang Seng all decline.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ffxo29 July 06, 2015 at 09:10AM http://ift.tt/eA8V8J

UBS signs whistleblower deal with Brazil to avoid punishments in Forex rigging case

British banks RBS, Barclays, Standard Chartered and HSBC have been named in investigation.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GVWbyW July 04, 2015 at 01:46PM http://ift.tt/eA8V8J

Greeks buy more bitcoins fearing Grexit and conversion into devalued drachmas

New customers depositing with bitcoin exchange BTCGreece rose by 400% between May and June.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GVM9xz July 04, 2015 at 12:22PM http://ift.tt/eA8V8J

US Independence Day 2015: Retail industry to get $6.6bn boost

US households are expected to spend an average of $72.23 on food items.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LNMTeJ July 04, 2015 at 11:38AM http://ift.tt/eA8V8J

Protein World's 'Are you beach body ready' advertising campaign faces backlash in New York

The campaign was widely criticised in the UK for "objectifying women".

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ND7S1g July 04, 2015 at 10:59AM http://ift.tt/eA8V8J

US hedge fund Elliott to appeal Korean court ruling on merger of Samsung affiliates

Elliott said it would continue its efforts to prevent a takeover of Samsung C&T by Cheil Industries.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1NB19VH July 03, 2015 at 01:05PM http://ift.tt/eA8V8J

Mers outbreak: South Korea to inject $20bn into economy to sustain growth

The country earlier cut its economic growth forecast for 2015 to 3.1% primarily due to Mers outbreak.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JBBCh8 July 03, 2015 at 12:11PM http://ift.tt/eA8V8J

US health insurer Aetna and Humana reportedly near $34bn merger deal

Deal will give Aetna a bigger slice of the growing Medicare market.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ge5K5I July 03, 2015 at 11:13AM http://ift.tt/eA8V8J

Lloyds share sale: Treasury cuts down stake in bank, has raised £12.5bn so far

Government had acquired 41% stake in Lloyd's business in 2008 shelling out some £20bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1NBvRyC July 03, 2015 at 10:01AM http://ift.tt/eA8V8J

RBS could take $13bn hit in US mortgage-backed securities case

The case arose from the bank's sale of residential mortgage-backed securities worth $32b from 2005 to 2007.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1eobbxC July 03, 2015 at 09:44AM http://ift.tt/eA8V8J

General Electric will vigorously defend Electrolux's acquisition of GE Appliances

US Justice Department had earlier filed a lawsuit to block the acquisition, citing antitrust matters.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HyViBQ July 02, 2015 at 01:40PM http://ift.tt/eA8V8J

Walton family are richest in the US with $149bn net worth – Forbes

Fortune of the six heirs of Wal-Mart founders Sam Walton and James "Bud" Walton declined from $152bn in 2014.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1f3VKM5 July 02, 2015 at 12:27PM http://ift.tt/eA8V8J

FSA gives clearance to Nestle Maggi noodles banned in India

Nestle India exports Maggi noodles to countries including UK, US, Canada and Singapore.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GPBtj0 July 02, 2015 at 10:51AM http://ift.tt/eA8V8J

Hewlett-Packard on track to complete split in fiscal year 2015

Corporate hardware and services will operate as a separate company to be called Hewlett Packard Enterprise.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1dzrTcN July 02, 2015 at 10:19AM http://ift.tt/eA8V8J

Swiss insurer ACE to acquire US peer Chubb for $28.3bn

The combined company will have assets of over $150bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IPM4Mc July 02, 2015 at 09:43AM http://ift.tt/eA8V8J