Business

Internet Censorship by China creates Hurdle in Carrying out Smooth Business

Internet Censorship by China creates Hurdle in Carrying out Smooth Business

China has again beefed up its great firewall and this time it is cracking down on virtual private networks (VPNs), which allow users with an access to censored and blocked content on web.

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Apple reports plunge in iPad sales for Sep-Dec quarter

Apple reports plunge in iPad sales for Sep-Dec quarter

In an apparent indication that the Apple iPad tablet is witnessing a steady decline in sales, the company said during its Tuesday conference call to report quarterly earnings that iPad sales had witnessed a year-on-year plunge in the September-December 2014 quarter.

The statistics shared by Apple revealed that the sales of the iPad during the December 2014 quarter stood at 21 million units, which marked a notable drop from the 26 million iPad units which the company had sold in the same quarter in 2013.

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American Airlines reports $1.1 billion Earnings in Fourth Quarter

American Airlines reports $1.1 billion Earnings in Fourth Quarter

On Tuesday, American Airlines announced that the aviation major earned $1.1 billion in the fourth quarter and $4.2 billion for all of 2014. The profits excluded special charges and items. American Airlines earned $597 million for the fourth quarter and $2.9 billion for the year. These numbers represent the best fourth quarter and full year in the history of American Airlines.

The company also reported the biggest profit that surpassed No. 2 Delta Air Lines by $1.35 billion.

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Alibaba Accused of not paying enough Attention to Illegal Business on its Platform

Alibaba Accused of not paying enough Attention to Illegal Business on its Platfo

Chinese e-commerce major Alibaba Group Holding Limited has been accused by the Chinese government of not paying enough attention to illegal business conducted on its platforms and of not taking corrective measures to get rid of it.

According to the State Administration for Industry and Commerce (SAIC), various products that Alibaba sold on its e-commerce websites and through its services had infringed upon trademarks, were unlawfully imported and were substandard.

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President Obama’s Latest Proposals on Oil Drilling Exclude Alaska

President Obama’s Latest Proposals on Oil Drilling Exclude Alaska

On Tuesday, the Obama administration outlined a politically fraught plan to allow offshore oil and gas drilling in the United States. The proposal has not only imposed new restrictions on northern Alaska's environmentally fragile water, but has also opened parts of Atlantic Ocean, including the North Carolina coast.

The finalization of the proposal will lead to the birth of first drilling platforms along a stretch running from southern Virginia to Georgia.

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Identity Thieves are Stealing People’s Social Security Numbers and Personal Details, Warns IRS

Identity Thieves are Stealing People’s Social Security Numbers and Personal Deta

The Internal revenue Service (IRS) issued a warning on Monday, saying that identity thieves are stealing people's Social Security numbers and some other key personal details.

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FTC asks Businesses to take Concrete Steps to Protect American Consumers’ Privacy and Safety

FTC asks Businesses to take Concrete Steps to Protect American Consumers’ Privac

On Tuesday, the Federal Trade Commission released a report requesting that businesses need to take some stringent steps in order to protect the privacy and security of American consumers.

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Yahoo's Alibaba 'Sale' may evade taxes

Yahoo's Alibaba 'Sale' may evade taxes

According to the Securities and Exchange Commission, Marissa Mayer, CEO of Yahoo! Inc, offloaded 36,000 shares at an average price of $47.62 in a transaction dated on January 20, 2015. The transaction was worth $1,714,320 and the CEO now holds 2,259,081 shares, valued at $111,530,829 in the current market after the trade.

The Securities and Exchange Commission has also revealed other Insider Transactions reported by the company. On January 8, 2015, Marissa Mayer sold 36,000 shares at $49.64.

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Anheuser-Busch adds Elysian Brewing Co. in its craft-beer portfolio

Anheuser-Busch adds Elysian Brewing Co. in its craft-beer portfolio

Anheuser-Busch, subsidiary of the Belgian-Brazilian brewing company, has announced takeover of Seattle's Elysian Brewing Co. to further expand its collection of craft brewers.

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4,000 Jobs to be slashed by American Express

4,000 Jobs to be slashed by American Express

Soon after announcing its fourth quarter earnings, American Express stated that the improvement of operating efficiencies is a must for the financial services major. Considering this aspect the American Express has decided that the company will be cutting 4,000 jobs.

A company spokesperson revealed that in all American Express will be restricting a cost of $313 million. The first portion of this restructure will be the 4,000 job cuts at an unexpected time for the company.

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