Vatican Shocks WIth Funds Misappropriation

Nov 04, 2015 10:45 am UTC| Business

The Vatican in engulfed in severe criticism brought by two controversial books that shed light on highly mismanaged funds, senior officials pouring Church funds into their apartments and frozen bank accounts of the Office...

Amazon opens bookstore in Seattle based on data

Nov 04, 2015 07:52 am UTC| Business

After badly hitting businesses of several bookstores, Amazon has now opened its own brick and mortar bookshop in University Village, The Seattle Times reported. Christened as Amazon Books, the store is stocked with 5,000...

It’s Not Stars, It’s Hearts On Twitter

Nov 04, 2015 06:01 am UTC| Business

Twitter on Tuesday announced that it is changing its star icon for favorites to a heart and will be calling them likes. While this is not something new, as users are well accustomed to using them on Instagram and Facebook,...

Chipotle Shuts Restaurants Following E.Coli Outbreak

Nov 03, 2015 08:04 am UTC| Business

Over the last weekend, the Chipotle chain shut down 43 restaurants in Washington State and Oregon after Oregon Health Authority (OHA) started investigating an outbreak among people who became ill with Shiga toxinE....

China Debuts First Passenger Jet, Aviation Goals

Nov 02, 2015 17:41 pm UTC| Business

On Monday, Commercial Aircraft Corp. of China (COMAC) debuted its single-aisle C919 passenger jet to a crowd of several thousand from its manufacturing and assembly center in Pudong, Shanghai. Bloomberg said the aircraft...

Sprint To Cut USD2.5 Billion In Costs, Layoffs Could Reach Thousands

Nov 02, 2015 17:22 pm UTC| Business

On Sunday, US wireless carrier Sprint unveiled its plans to reduce its fiscal costs for 2016 by as much as USD2.5 billion. According to the company, the fiscal cost cuts, which will include measures like job layoffs and...

Estee Lauder Reports Strong Profit, Increases Quarterly Dividend

Nov 02, 2015 17:04 pm UTC| Business

Today, skincare and makeup company The Estée Lauder Companies Inc posted a better-than-expected quarterly earnings report, beating analysts expectations. According to Reuters, Sales from its makeup division...