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Wal-Mart challenges Amazon's dominance in Cyber Monday

Wal-Mart's online business had reduced the minimum amount of shopping orders online for Cyber Monday from USD50 to USD35, which is just about the same figure of minimum number of shopping orders at Amazon.

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Diffbot, Semantria form special partnership to analyze scores of text on the Web

A revelation from Semantria founder Oleg Rogynskyy disclosed that the partnership of the sentiment and text analytics services provider and Web scraping API developer Diffbot was born at a hackathon in San Francisco.

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Court gives approval for TransUnion-TLO merger

TransUnion securing the approval from the US Bankruptcy Court for the Southern District of Florida to acquire TLO LLC would mark the end of the court-supervised acquisition.

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Wikipedia's demise to continue if editing tools and system are not fixed - reports

Two separate reports concluded that Wikipedia may shut down early if it does address the issues of its declining editor base and its bureaucratic system and guidelines.

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Bitcoin is the new asset class - Secondmarket

The creation of The Bitcoin Investment Trust (BIT) by online marketplace SecondMarket was reportedly a precursor to more vehicles for investors intending to bet in Bitcoin at its popularity.

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Accounting firm regulator see deficiencies in Deloitte for the second time

Although accounting regulator the Public Company Accounting Oversight Board (PCAOB) said Deloitte Touche Tohmatsu Limited failed to correct its irregularities in its audit work seen in 2009, it lauded the accounting firm for making efforts to rectify irregularities found by the board during its review in 2010 and 2011.

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Owner sues seller, media companies over misinterpretation of Houston Astros value

Drayton McLane Jr, Comcast and NBC Universal said that Jim Crane's claim that they cheated him out of the acquisition deal of US professional baseball team the Houston Astros was ludicrous.

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Shareholders pressure AT&T, Verizon and other companies over NSA spying activities

AT&T, Verizon Communications, and even tech companies like Google, Microsoft and Yahoo had been pushing for the US government to allow them to publish surveillance orders to appease shareholders in light of the revelations by NSA whistleblower Edward Snowden.

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Google's self-driving car to beat Nissan's 2020 car launch - report

Although Nissan had set a timeframe of its release of self-driving cars to the public, a report by US News argued that Google might be launching its version of the self-driving car earlier.

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Tepco-Mitsubishi partnership to invest in energy efficient plants in Fukushima - source

The partnership of Mitsubishi Electric, Mitsubishi Corp and Mitsubishi Heavy with Tokyo Electric Power Co (Tepco) would lead to the building of integrated gasification combined-cycle (IGCC) stations in Fukushima.

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Hedge funds are investors' favorite to try different markets - report

A report published on Reuters said investors continue to pour in lots of money in hedge funds as they view the investment as a necessary yet expensive part in their portfolios.

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Meyer leaves Sotheby chief auctioneer post as pressure from Loeb, investors heats up

Tobias Meyer, Sotheby's chief auctioneer, left the auction house prior to his end of contract a week after spearheading the company's biggest sale, which was Andy Warhol's "Silver Car Crash" for USD104.5 million.

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Herbalife rallies on stock exchange despite Ackman's pyramid scheme charges

Investors showed support in nutrition company Herbalife International on the stock exchange on Friday despite another attack from activist investor Bill Ackman of hedge fund Pershing Square Capital Management.

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US Fed Reserve's bond-buying program only benefits the rich - report

Economic data obtained by International Business Times revealed that the USD80 billion bond-buying program of the US Federal Reserve had only benefited those who can afford to hold on to their investments.

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Nevada regulators approve Bally Technologies-SHFL Entertainment merger in just over an hour

The planned merger between Bally Technologies and SHFL Entertainment received recommendations for approval from the Gaming Control Board and the Nevada Gaming Commission without any questions.

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