All Economy
Flipkart raises $1 billion. Competitor Amazon ups its game in India.Flipkart, India's largest e-commerce retailer, raised $1 billion in its latest round of fundraising. Competitor Amazon,聽which opened its Indian website in June last year, has drawn up the battle lines by slashing prices, launching same-day delivery, adding new product categories and embarking on a high-voltage advertisement campaign.
Is this the world's most expensive car?A 1962 Ferrari 250 GTO could be the world's most expensive car. A seller in Germany placed an ad for the 1962 Ferrari 250 GTO聽at 47.6 million euros, or $62.7 million.聽
Twitter earnings impress; TWTR stock soarsTwitter earnings took Wall Street by storm Tuesday. Twitter doubled its revenue in the second quarter, and TWTR's stock price jumped some 30 percent in after-hours trading on the Twitter earnings announcement.
Jesse Ventura wins $1.8 million in defamation case against SEAL sniperJesse Ventura filed a lawsuit against the estate of the late former Navy SEAL Chris Kyle, claiming that Kyle's published account of a bar fight with Ventura was false and cost him TV and public speaking revenue.
Is McDonald's giving up on wealthier customers?McDonald's couldn't find success with its聽Jalape艌o Kicker line of spicy burgers, but now McDonald's is rolling out a smaller $2 burger. What does that mean for McDonald's attempt to attract wealthier customers?
Tofu McNuggets? McDonald鈥檚 Japan launches new snack amid expired meat scare.McDonald's Japan will begin selling Tofu Shinjo Nuggets Wednesday in the company's Japanese locations. The tofu nuggets release could be a welcome bright spot for McDonald's Japan as it deals with poor sales and the fallout from a scandal involving one of its major Chinese meat suppliers.聽
Uber offers service for putting business travel on companies' tabRidesharing app Uber is now offering a plan called Uber for Business, in which employees can use Uber and bill their companies for business travel. Employers can create an Uber account for their employees to use and be able to have access to an employee's travel information.
Two billion vehicles projected to be on roads by 2035About 2 billion vehicles are estimated to be on the roads by 2035, according to a report from Navigant Research. Currently, there are about 1.2 billion vehicles on the road.
Pending home sales dip with supply shortages, flat wagesPending home sales in the US declined 1.1 percent in June, according to the National Association of Realtors. There are conditions that deter potential buyers, such as a shortage of homes in parts of the country.
Highest-paid country stars: Taylor Swift ranks high, but not No. 1The 'Highest-Paid Country Musicians' list from Forbes features familiar faces at the top this year. Taylor Swift earned $64 million in the past year, but the highest-paid country star was another artist who made most of his earnings from endorsements and a successful restaurant venture.聽
UPS invests in upgrades to prevent holiday crush, 2Q profit dropsDuring last year's holiday season, a big increase in online shopping and a crush of last-minute orders by shoppers who jumped on offers of free shipping caught聽UPS聽by surprise.聽
NBA, Clippers, Ballmer want to move on with team sale, Donald Sterling to keep fightingThe Clippers are a potential powerhouse team next season, with two All-Star players and one of the league's best coaches. The only thing that could've messed it up was ownership.
Zillow (Z) buys Trulia (TRLA), but investors be waryZillow (Z) and Trulia (TRLA), the real-estate websites,聽have crafted a clever deal to send their high-flying share prices to even greater heights.聽But at some point, Zillow and Trulia investors need to ask when the combined company will start generating real profits.
Android tablets and previous-generation iPads are great deals this weekAndroid tablets and previous generation iPads are great bargains this week. Read on for the best deals on Android tablets, including the Lenovo ThinkPad and Dell Venue.聽
Should we worry if big global corporations are 'American?'People should stop worrying about whether or not giant global corporations are 'American,' writes Robert Reich. Instead, the US should focus on what the US wants from these corporations, like job creation.
Judge rules for Shelly Sterling, OKs record-setting $2B sale of ClippersA judge ruled in favor of Shelly Sterling and against her ex-husband Donald Sterling, who has been attempting to block the $2 billion sale of their jointly owned聽Los Angeles Clippers.
2015 Challenger Hellcat to be auctioned off for charityA 2015 Dodge Challenger SRT Hellcat will be auctioned off for charity in Las Vegas in September. Auction proceeds will go to benefit the Opportunity Village, an organization that helps people with intellectual disabilities.聽
Red Lobster tries to boost sales by going fancyRed Lobster's food is being plated differently to mimic more upscale restaurants' styles and cater to clients who 'are not going to go a Chipotle for their anniversary,' according to the chain's new CEO. On Monday, Darden Restaurants closed its sale of Red Lobster to Golden Gate Capital for $2.1 billion.
Will product made from yellow peas replace eggs?A company has been creating food products derived from yellow peas to replace the eggs. The egg-equivalent product reportedly costs about $0.39 per pound, or less than half the cost of regular factory-farmed eggs.
NHTSA launches three safety probes affecting 750,000 US car ownersThe National Highway Traffic Safety Administration has launched three unrelated investigations of the 2008 Chevrolet Impala, the 2011-2012 Dodge Charger, and the 2006-2008 Hyundai Sonata. The NHTSA safety probes affect about 750,000 US car owners.
