Don Gil Carreon
Latest News
American Apparel Funding Woes Continue, Warns Investors Possible Losses
American Apparel Inc warned on Tuesday that shareholders may lose their investment in the company if it cannot raise capital soon as its remaining funds are insufficient to run the business for another year.
US Authorities Go After Hackers and Traders Who Made $100 Million from Stolen Press Releases
A group of U.S. of equity traders and hackers in Ukraine earned $100 million in profits over five years after getting insider information from undispatched corporate press releases and using those to guide them.
Target to Remove Gender-Based Labels in Stores in Response to Consumer Backlash
American retailer Target Corp. announced on Friday it will do away with gender-based signages used as its stores as the company came under fire for allegedly perpetuating stereotypes.
Xiaomi Partners With Foxconn to Produce Phones In India to Bolster Strength In Second Biggest Smartphone Market
Chinese phone maker Xiaomi Inc has entered into a partnership with Taiwan's Foxconn Technology Group to open a manufacturing facility in India in a bid to further strengthen its position in one of the leading smart phone markets in the world.
Nokia Plotting Mobile Phone Comeback Amid Long Absence, Tough Competition
Finnish phone maker Nokia is looking to make a comeback with moves aimed to make the company more competitive in the handset business it once surrendered to Microsoft.
Chinese E-Commerce Giant Alibaba Buys 20% Stake in Suning for $5 Billion to Boost Services
Chinese e-commerce giant Alibaba bought a 20% stake in Chinese consumer electronics retailer Suning for $4.6 billion saying the investment will help its distribution network in the country.
U.S. Oil Rigs Rise for Third Week Despite Low Crude Prices
U.S. energy firms added six oil rigs last week despite a decline in crude futures on concerns about the market situation.
BHP Billiton to Cut 380 Jobs in Australian Mine Due to Falling Commodity Prices
Mining giant BHP Billiton announced on Sunday a move to cut 380 jobs at its Olympic Dam copper and uranium mine in Australia due to a challenging global business environment and to ensure the sustainability of operations.
US Employment Numbers Improve in July, Interest Rate Hike Expected in September
The U.S. unemployment rate remain unchanged in July, but analysts are firm in their outlook that the Federal Reserve will raise interest rates in September given the steady addition of jobs and improving wage conditions.
Coke to Buy Stake in Juice Maker Suja to Bolster Health Drink Portfolio
Soft drink giant Coca-Cola Co. is close to buying a minority stake in U.S. organic juice company Suja Life LLC, as the beverage maker continues to diversify its portfolio to adapt to changing consumer tastes.
Berkshire Nears Largest Acquisition with $30 Billion Purchase of Precision Castparts
Warren Buffett's Berkshire Hathaway Inc. is reportedly closing on its largest acquisition ever with a deal to buy Precision Castparts Corp. soon to be signed.
Thousands of Verizon Workers May Go on Strike Sunday with Deal with Unions Not in Sight
Verizon Communications Inc. is facing a possible strike from close to 40,000 workers in its East Coast operations on Sunday with the company and its unions unable to agree on a new deal even as the contract is set to expire on Saturday.
Kraft Heins Voluntarily Recalls Cheese Slices on Choking Hazard Concerns
American food giant Kraft Heinz Company has voluntarily recalled select code dates and manufacturing codes of Kraft Singles individually-wrapped cheese slices after several customers complained about choking from the wrapper that remain stuck on the product.
Colorado Credit Union for Marijuana Businesses Sues Federal Financial Authorities, Says Relying on Cash Posts Security Risks
A credit union that aims to serve Colorado's marijuana industry, has filed cases against the Federal Reserve and the National Credit Union Administration for barring them from doing business with other financial institutions.
US Second Quarter Wage Growth Slowest Since 1982 Despite Tighter Job Market
Employee compensation in the United States slowed down in the second quarter due to weak commissions from sales, with analysts torn whether the weak data would prompt the Federal Reserve to raise interest rates or not.