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...

Netflix Hopeful To Make A Great Bollywood Show

Nov 09, 2015 11:22 am UTC| Business

Netflix, the U.S.-based on-demand Internet streaming mediaservice provider, turned a lot of heads when it began acquiring original content for its popular subscription streaming service, starting with the popular drama...

Zynga Reports Strong Q3 Financial Results, Announces $200 Mln Share Repurchase Program

Nov 09, 2015 07:23 am UTC| Business

Zynga, the well-known provider of social video games services, announced last week its financial results for the third quarter ended September 30. The company generated $176 million in total booking and $12 million in...

Legal Verification Of TPP Agreement Text To Continue In Coming Weeks

Nov 06, 2015 08:52 am UTC| Business

Last month, Ministers of the twelve Trans-Pacific Partnership (TPP) countries announced the conclusion of their negotiations that resulted in an agreement that will promote comprehensive economic growth and better...