Business

China's Singles' Day 2016 could see sales exceed $20bn, reports KPMG

First launched on November 11 in 2009 with just 27 participating merchants, Single's Day has grown to become the largest e-commerce shopping day in the world , generating $14.3 billion for Alibaba alone a year ago, which is more than double the $5.8 billion earned on Black Friday and Cyber Monday combined.

Business

As San Francisco passes soda tax, other cities may follow suit

The tax, which appears on ballots as measure 2H, would install a 2-cents-per-ounce excise tax on distributors of drinks with at least 5 grams of added sugar per 12 fluids ounces; three of Dunn's probiotic teas, which retail on average for $3.29, would barely cross that threshold and thus would be taxed.

Business

India demonetisation: Chaos as ATMs run dry

Shares in top lender State Bank of India SBI.NS rose 2.9 percent on Wednesday on a Mumbai market .NSEI that closed 1.3 percent lower. We make a fervent appeal to all our esteemed customers to extend full cooperation toensure a smooth transition to the new currency system.

Business

Obama says health consumers need to shop around

In Providence, Rhode Island, for example, they've fallen 14 percent. If she is elected and pushes for a public option, in which individuals purchase a Medicare-like plan on state marketplaces , she could face another HillaryCare fiasco - not just because it won't fly politically, but because it's the wrong policy.

Business

Cempra to Present at Two Upcoming Investor Conferences

Price T Rowe Assoc Inc Md last reported 128,686 shares in the company. Additionally Needham issued their verdict on the stock of the company, on record date of Nov-07-16 the stock was "Reiterated" as Buy from $36 to $15 besides that on Nov-3-16 Cempra Inc (NASDAQ: CEMP ) was "Downgraded" by Stifel from Buy to Hold from $37 to $8.

Business

Yahoo hit by lawsuits over hacking breach

Yahoo said it's analyzing the matter with the help of forensic experts. Yahoo chief information officer Bob Lord in September said the company believed an unnamed state-sponsored actor was behind the data breach. Yahoo also mentioned in the SEC filing that law enforcement on Monday had provided the company with another dataset, which a hacker claimed to contain Yahoo user account data.