Staff Writer

Amazon is Pushing The U.S. Government to Authorize Its Efforts on Establishing a Delivery Business

Amazon is pushing the U.S. officials to authorize their moves in efforts to be a new player in the logistics and delivery industry. In recent months, the company has been making moves to achieve the ambition, including building its drones fleet and leasing Boeing planes.

Read Full Article

Francesca McDonagh surprised by fewer women in banks' executive roles

Francesca McDonagh, head of HSBC's retail business in the UK, is astonished over the lack of female representatives in the banking sector. She is worried about the slow progress of female reps in senior posts.

Read Full Article

As Problem With Sycamore Worsened, Aeropostale Can Use Its Instagram Star

Bethany Mota, the YouTube and Instagram star may be the last hope to help Aeropostale. The retailer can bring millions of Mota's follower in Instagram and YouTube to the store.

Read Full Article

GeneChip Company, Affymetrix rejects offer from Origin Technologies

Affymetrix said its Board has rejected an offer from Origin Technologies, which was aimed to disrupt its potential sale to Thermo Fisher.

Read Full Article

Bank of England Keep Interest Rate at 0.5% Low

The British central bank has voted on Thursday to maintain a low interest rate. The uncertainties regarding and weak global trade outlook has made the committee to decide to maintain low interest rate.

Read Full Article

Discount retailer Aldi to hire 700 apprentices, open 1000 stores in UK by 2022

German discount retailer Aldi will hire 700 apprentices this year, twice of its recruitment in in 2015. Aldi has set a target of 1,000 stores in the UK by 2022.

Read Full Article

Paint Company Sherwin-Williams to Acquire Valspar for $9.3 Billion

Sherwin-Williams, Cleveland-based company is set to acquire another paint company Minneapolis-based Valspar at $9.3 billion. The merger of the paint companies will place Sherwin-Williams to the top and its presence will be broaden and reinfornced outside North America and Canada with the help of Valspar.

Read Full Article

Kopernik Fund moves up with value addition

Financial analysts David Iben-led Kopernik Fund is passing through a totally reverse situation as its performance is soaring from bottom to the top with rising valuations. The $682-million Kopenik Global All-C fund recorded a 15 percent growth in 2016 so far ahead of 99 percent of its peers.

Read Full Article

Financiers Back Away From Coal Ventures, See No Clear Future

U.S. coal industry is facing tough times as one by one files Chapter 11. Due to high debts, decline in demand and stricter regulations, most have no other choice but to shut down. Lately, Peabody Energy announced that it may go bankrupt.

Read Full Article

India moves WTO over US doubling visa fees

India is seeking World Trade Organization's (WTO) intervention over increasing visa fees by the US. The visa fee for H-1B has been doubled to $4,000 and it's $4,500 for L-1 visa, as fixed by the US government.

Read Full Article

China's consumers spending rise on spas, travel, entertainment

Chinese consumers are spending more on spa visits, travel and entertainment as income levels are on upward movement. The consumer spending is expected rise 10 percent annually for the next decade.

Read Full Article

China's Anbang to Acquire Starwood Hotel Group At More Than $13 Billion Bid

Starwood is about to dump Marriott's offer in favor of Anbang's more than $13 billion bid for the acquisition. If the deal pushes through, Starwood will pay Marriott a breakup fee of $400 million. Marriott has been given five days to counterbid.

Read Full Article

U.S. Competes with China for Business and Influence in Cuba

China and U.S. has been competing for a place in the economy and politics of Cuba. China has been doing business with Cuba for several years and the U.S. is just making a start. The edge that Washington sees is the proximity as being Cuba's neighbor.

Read Full Article

Bankruptcy Looms Over Peabody Energy, Files Chapter 11 Sooner or Later

Peabody is facing difficulties as it shares declined sharply the past year. It is considering to file Chapter 11 sooner or later to protect it from creditors while restructuring the company and recovers from the large loss.

Read Full Article

Automatic emergency braking will be standard in US cars by 2022

The US automobile industry will have the automatic emergency braking system in place by 2022. About 20 automobile manufacturers representing over 99 percent of US automobile industry have agreed to implement automatic emergency braking system in their vehicles.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics