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Chinese e-commerce rivals challenge Alibaba

In this Friday Aug. 29, 2014 photo, three of China's richest men, Wang Jianlin, center, chairman of Wanda Group, Pony Ma, right, CEO of Tencent, and Robin Li, left, chairman and CEO of Baidu Inc., hold hands at the launch ceremony of a joint venture of online-to-offline e-commerce in Shenzhen in south China's Guangdong province. China’s biggest developer, Wanda Group, and Internet giants Baidu and Tencent unveiled the new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering. The Chinese characters at top reads "Complete Success." (AP Photo)

China’s biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

Posted: September 1st, 2014 in Latest Business Stories | Read More »

As stocks rise, so does anxiety: Time to get out?

In this Thursday, Aug. 21, 2014, file photo, trader Edward McCarthy, left, works on the floor of the New York Stock Exchange. As stocks continue to rise, investors are wondering if it’s time to sell. AP

Is it time to cash out of stocks? The market has nearly tripled in a little over five years, and with each record close, the temptation grows to take your winnings and flee. If only you had done that in the crashes that began in 2000 and 2008, you might be a lot richer.

Posted: August 30th, 2014 in Latest Business Stories | Read More »

Malaysia Airlines to cut 6,000 staff in overhaul

Visitors look out from viewing gallery as a Malaysia Airlines jet sits in the tarmac at the Kuala Lumpur International Airport (KLIA) in Sepang, Malaysia, Friday, Aug. 29, 2014. Malaysia Airlines will cut 6,000 workers as part of an overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters. (AP Photo/Lai Seng Sin)

Malaysia Airlines will cut 6,000 workers as part of an overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.

Posted: August 29th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

US stocks drift higher; S&P 500 holds on to 2,000

Wall street 82714

Even in a daylong sideways drift, the Standard & Poor’s 500 index managed to eke out its third record close in three days. US stocks ended essentially flat on Wednesday after spending much of the day wavering between tiny gains and losses. The S&P 500 notched a gain of one-tenth of a point over the [...]

Posted: August 28th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Edible insects make Thai farmers rich

Thailand insects

Depending solely on the rains to either yield a good rice crop or leave their fields dry and barren, farmers in this village in northeastern Thailand, the country’s poorest region, led a precarious and back-breaking existence. Then they discovered bugs.

Posted: August 26th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

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