Business

News

China’s New Online Laws Forced Apple To Shut Down iBooks and iTunes Movies Services

Apple has been forced to shut down its iBooks and iTunes Movies Services since last week, following stringent Chinese laws for regulating web contents. However, the shutting down has been made following a 2008 rule that restricts foreign ownership of any enterprise involved in broadcasting movie contents inside Chinese territory. Industry insiders have expressed their surprise how Apple has been allowed to operate in China despite the existence of such law.

Business

SunEdison Seeks Equity Partners for India Operations After Filed Bankruptcy

SunEdison resorts to equity partners for its India operation after it had filed Chapter 11 on Thursday. Many investors are disappointed about too many acquisitions leading to many debts and are skeptical about the future of the newly-acquired companies.

Business

Arbitrary Center Ordered Venezuela to Pay Vestey Group Nearly $100 Million

ICSID ordered Venezuela to pay Vestey Group close to $100 million (£70 million) for taking over its ranch. The decision gives more pressure to country which has been burdened by continuous plunge of oil price.

Business

SEC Extended Pilot Program to Curb Excessive Market Volatility

Securities and Exchange Commission announced Thursday to extend testing on its LULD plan. The program was designed to inhibit excess volatility in domestic securities market.

More News

Texas insurance industry's quarterly results hurt by storm

Uber Agrees to Pay $100 Million and Change Policies to Settle With Lawsuits Demanding Employment Status

Daimler begins internal probe at US requests

Senator Warren Criticized SEC over Decision on Steve Cohen

Volkswagen Still Has to Face Legal Battle in Dieselgate

Uber will provide more information on banned drivers, rating system as part of class-action lawsuit settlement

Newmont begins investigations into some foreign business operations

Foreign investors of US CLOs face new tax bill

General Motors is settling faulty switch lawsuits actively

Apple to Pay $24.9 Million to Settle Patent Lawsuit Against Siri

Volkswagen Agreed to Compensate U.S. Customers $5,000 in Dieselgate

Investigators Will Continue Digging on Petrobras Corruption Scandal