United States

$40 Oil Price and its Impact on U.S Economy

Commodities such as oil is slowly declining following the Black Monday selling pressure on 24th August raising concern among investors regarding current world economics. China stock took a plunge and Dow Jones Industrial average hit its lowest value for 2015 on that day.

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Malware for jailbroken iOS devices steal Apple IDs from 225,000 people

Another data theft involving Apple was reported over the weekend where some 225,000 Apple account login data were stolen. The attacks originated from a malware of a family known as KeyRaider. It was distributed widely through an alternative App Store website known as Cydia in China.

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Citigroup says it's time to rebuild its equities unit

Citigroup announced that they are planning to rebuild its equity unit soon. The move is seen as a bold action by the bank considering current economic situation and the "Volcker rule" regulation which limits banks investment in such funds.

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Reebok rebrands as a fitness center in the U.S. and Europe

Reebok, the sportswear from Germany, is heading to fitness business, with its major marketing campaign "Be More Human" in Berlin, Germany with partnership from CrossFit, Les Mills and Spartan Race.

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Valeant partners with AstraZeneca for psoriasis drug

Valeant Pharmaceuticals, Inc. of Canada has partnered with AstraZeneca for the selling rights of psoriasis drug brodalumab. Amgen Inc. ended its partnership with AstraZeneca due to its worries over the drug's side effects.

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Uber Closing In on $1B Fundraising Campaign

Uber Technologies China is drawing near their $1 billion goal of raising funds to help support their fight against wealthier Chinese rival Didi Kuaidi Joint Co.

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Starkist class action settlement gives consumers refund in cash or tuna

Starkist Tuna settled a class action lawsuit for under filling its five-ounce tuna by few tenths of an ounce, and is now required to pay back consumers with cash or tuna.

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Uber to invest $1B in India after investing another billion in China

Uber recently announced that it has allocated $1 billion to expand its operations in China. Like that is not big enough, the company will also be setting aside another $1 billion to strengthen its business in India.

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Japan's 0.4% deflated economy, assault to 'Abenomics'

Japan's economy has been facing tough times when its economy began to contract by 0.4% in the year's second quarter. It was an official data shown on Monday emphasizing how the prime minister's 'Abenomics' growth program doesn't work.

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Baby Boomers may have too much of their savings invested in stocks

Members of the Baby Boomer generation may have too much of their retirement savings being invested heavily in stocks.

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KKR's Samson Resources to File for Bankruptcy

KKR is about to lose its cash investment in Samson Resources worth $4.1 billion from its $7.2 billion buyout four years ago. The unexpected and prolonged downward move of oil and gas pushed Samson to file for Chapter 11.

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The New 10: Eleanor Roosevelt leads survey as the new face for $10 bill

Former first lady Eleanor Roosevelt is the preferred by a majority of Americans to be featured in the $10 bill, expected to be circulating in the year 2020, according to a recent survey done by The Marist Poll.

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Fed rate hike seen with steady July jobs growth

Based on the July jobs data, the United States may be headed for an interest rate hike, a sign the economy is in good health.

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Abercrombie & Fitch ends 'on-call' shift in all of its outlets in the U.S. starting September

Abercrombie & Fitch confirmed it would end on-call scheduling to its employees on September in response to New York Attorney General Eric Schneiderman's letter regarding the 'illegal' irregular work shift.

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China's July exports slump 8 percent, raises pressure for more stimulus

Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world's second-largest economy.

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