Business

$1 Billion To Chinese Media Giant Bytedance

$1 Billion To Chinese Media Giant Bytedance

The acquisition of Musical.ly is expected to be completed by the end of November once certain conditions are met, the companies said. ByteDance is now expanding its reach with its own news feed app Jinri Toutiao or by investing in similar news aggregation platforms.


Fawcett Society warns of slipping backwards on gender pay gap progress

Fawcett Society warns of slipping backwards on gender pay gap progress

Campaign groups are today marking "Equal Pay Day", which they say is the day women begin to work for free until the end of the year due to the pay gap between men and women. What can women, men, companies, governments, educational institutions and the HR industry do to make change? "Not only are we earning less, but any savings are more likely to sit in cash, which does guarantee one thing - over the long-term, our money is not working as hard for us as it could be", she said.


JC Penney Stock Surges After Crushing Q3 Forecasts

JC Penney Stock Surges After Crushing Q3 Forecasts

The stock's average target of $9.75 is 272.14% above today's ($2.62) share price. Deutsche Bank AG raised their price target on J. C. Penney Company, Inc . Wall Street analysts are predicting that Manitowoc Company (NYSE:MTW) will report earnings per share of $-0.02 in their quarterly report. The biggest holder now is Mr.


Uber loses 'landmark' court appeal against drivers' employment rights

Uber loses 'landmark' court appeal against drivers' employment rights

Uber said it would appeal against this latest ruling, too. It comes less than two months after Transport for London (TfL) said it will not renew the firm's licence, a decision against which Uber is also appealing. Uber argued its drivers are independent contractors who would lose the "personal flexibility they value" if the suit was successful. Such employment, often for companies that use mobile phone apps to provide everything from food delivery to health care, has surged as the Internet ...


Rise in India's factory output slows in September to 3.80%

Rise in India's factory output slows in September to 3.80%

In the meantime, industrial production data from Finland is due. Manufacturing output - a subset of industrial output - also rose by 0.7% in September. Separate data showed the UK's trade deficit in goods and services narrowed by more than expected in September. Economists polled by Reuters had expected a reading of 12.8 billion pounds.


China announces long-awaited steps to open up financial services sector

China announces long-awaited steps to open up financial services sector

China's financial services sector will be nearly entirely open to foreign players in the next five years, according to China's deputy finance minister Zhu Guangyao . Until now a single foreign investor could own no more than 20 percent of one bank, and a bank could have no more than 25 percent total foreign ownership.