Moody’s Downgrades Toshiba To Baa3 Following Poor Financial Results, Lawsuit
Nov 12, 2015 04:58 am UTC| Business
Toshiba, the Japan-based multinational conglomerate, released its financial results on Saturday. Toshiba Group as a whole recorded a consolidated operating loss of 90.5 billion yen ($754 million) and a decline of 228.4...
U.S. True Debt Pegged At USD65 Trillion, Not USD18.5, Ex-GAO Chief Says
Nov 11, 2015 15:29 pm UTC| Business Economy
The true debt of the US is apparently bigger than what everyone thinks. In an radio interview that aired on Sunday, former Government Accountability Office (GAO) head Dave Walker said that the countrys true debt is...
Netflix ‘Making A Murderer’ Coming Next Month
Nov 11, 2015 05:00 am UTC| Business
Based on true-story, Making A Murderer is a 10-part documentary series directed by Laura Ricciardi and Moira Demos. Netflix announced that the full series will debut on December 18th, and will get a two-episode preview at...
Fitch Downgrades Volkswagen’s Rating Following Emissions Scandal
Nov 10, 2015 12:16 pm UTC| Business
Fitch Ratings, the international ratings agency, has downgraded Volkswagen AGs Long-term Issuer Default Rating (IDR) to BBB+ from A, Short-term IDR to F2 from F1 and said that the Outlook on the Long-term IDR is...
Yahoo Turns To McKinsey For Re-organization
Nov 10, 2015 06:05 am UTC| Business
Yahoo Inc. has hired McKinsey Co. to help with reorganisation, several sources close to the matter told Recode. The consulting firm will help Yahoo to decide which units to close, sell and invest more in. According to...
Capital Flight From China Blamed Over Weak Economy, Business Regulations
Nov 09, 2015 17:12 pm UTC| Business
In October, there had been growing fears of a growing number of money outflows from China. A foreign exchange regulator downplayed fears over a weakening economy and insisted that there is no capital flight, and that the...
Starbucks Red Cups Angers Some Christians Over Messaging
Nov 09, 2015 15:57 pm UTC| Business
When Starbucks decided to go for minimalism in its 2015 holiday cups, it didnt expect to get so much controversy from some people. Fortune reports that the holiday cups, which was launched by the coffee chain on...