Category Archives: technologyNews

China shopping festival smashes record with $25 billion haul

SHANGHAI (Reuters) – Alibaba , the Chinese e-commerce giant, said on Saturday its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Read More at China shopping festival smashes

Equifax warns on post-breach costs, revenue hit

(Reuters) – Equifax Inc on Friday issued a fourth-quarter profit outlook that fell short of Wall Street expectations, saying the massive breach of its consumer data earlier this year would hurt sales and result in costs of $60 million to $75 million during the

Disney shares rise as focus turns to streaming commitment

(Reuters) – Walt Disney’s shares rose 3 percent on Friday, as Wall Street shrugged off poor financial results and focused instead on the media giant’s commitment to build a service that will compete aggressively with video streaming pioneer Netflix. Read More at Disney

Finnish nickel producer aims to tap electric vehicle boom

HELSINKI (Reuters) – Finland’s Terrafame nickel mine is planning to start producing material for electric vehicle batteries by 2020, the company said on Friday. Read More at Finnish nickel producer aims to tap electric vehicle boom Source: Reuters Education News Follow @marketcheetah

Equifax profit falls as hacking costs take toll

(Reuters) – Equifax Inc on Thursday reported lower quarterly profit, and quarterly revenue missed estimates, as the credit bureau warned that its massive data breach had prompted some customers to hold back business. Read More at Equifax profit falls as hacking costs take

China's deliverymen face robot revolution as parcel demand soars

SHANGHAI/BEIJING (Reuters) – At Beijing’s sprawling Renmin University of China, two shiny new couriers dart through throngs of students to deliver parcels throughout the day. Read More at China’s deliverymen face robot revolution as parcel demand soars Source: Reuters Education News Follow @marketcheetah