Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
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PCAOB proposes detailed audit reports
The Public Company Accounting Oversight Board gave a new proposal allowing auditors to give their commentary on "critical audit matters" in their audit reports.
Procter and Gamble recalls dry pet food for salmonella contamination
The Procter & Gamble Company voluntarily recalled some lots of its Eukanuba and Iams dog and cat foods for possible Salmonella contamination.
Florida judge dismisses lawsuit against US regulator for negligence in Stanford case
A Florida federal judge dismissed the lawsuit against the US Securities and Exchange Commission for its alleged failure to report Allen Stanford's Ponzi scheme to Securities Investor Protection Corp.
Increase in retail sales sign of better US economy
Retail sales in the US rose in July, signifying better times for the US economy. The Commerce Department revealed that US retail sales rose to 0. 2% in July.
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MediaQuest Holdings Inc bought more shares in BusinessWorld, making the PLDT Group subsidiary the majority stakeholder in the Philippine's first business newspaper.
Samsung Electronics Co. would introduce a wristwatch-like gadget called Galaxy Gear on September 4, 2013.
A US regulator subpoenaed major metal warehousing firms after an alleged restriction of material inflated prices.
Yahoo Inc named Maynard Webb as the company's chairman, as Marissa Mayer continued her efforts to turn the internet corporation around.
Analysts disclosed that BlackBerry's assets could attract investors. Reports have resounded Blackberry's confirmation in contemplating alternatives to boost the company position up, including a sale of the company In connection to this, Reuters divulged an overview of BlackBerry's resources in a report that may entice investors.
According to cyber experts at RSA, the Zeus virus, widely utilized to embezzle credit card data, was recently altered to generate fake likes in Instagram and other social media sites.
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
Samsung’s smart wristwatch launch next month is expected to set off new battle following wrangles with Apple Inc over smartphones and tablets.
Live Nation completed a debt refinancing which would cut its yearly cash interest payments by USD12 million.
