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McDonald’s, KFC and Pizza Hut in expired food scandal in China

MCDONALD’S and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and ... Full story

Transactions of Chinese yuan, or renminbi, has arrived as a global financial force

CHINA’S yuan is a growing force in global finance, more than doubling in use over the past year, according to a new study from the ... Full story

American Apparel in terrible PR fail as it mistakes Space Shuttle explosion for ‘clouds or fireworks’

BACK in 1986, the tragic explosion of the Space Shuttle Challenger just 73 seconds after lift-off provided one of the most distressing images of the ... Full story

American Apparel founder and CEO Dov Charney axed in scandal

THE board of clothing chain American Apparel has voted to oust founder Dov Charney as chairman and notified him of its intent to remove him ... Full story

Word ‘The’ written on scrap of paper selling on eBay for nearly $40,000

EXISTENTIAL work of art or ridiculous joke? An Australian-based seller has listed a single word written on a scrap of paper on eBay with bidding ... Full story

AT&T acquires DirecTV in $49B deal

AT&T Inc. on Sunday agreed to buy DirecTV for $48.5 billion, or $95 per share, a move that gives the telecommunications company a larger base ... Full story

World's largest ever lawsuit seeking $2,000,000,000,000,000,000,000,000, 000,000,000,000,000 in damages over a dog bite is filed in New York

THIS lawsuit is priceless! A Manhattan man in New York has sued the City of New York, NYC Transit, an Au Bon Pain store, two ... Full story

Chinese internet company Alibaba Group is set for listing on US stock exchange

CHINESE e-commerce giant Alibaba Group plans to go public on a U.S. stock exchange, possibly raising up to $15 billion in the biggest initial public ... Full story

Bitcoin bank Flexcoin shuts after theft

AN ALLEGED theft by hackers has forced another online business serving bitcoin traders and investors to shut down. Flexcoin, which billed itself as a bank ... Full story

Who is Kei Perenna Hoi Ting? Forbes rich list names world’s youngest billionaires

AT JUST 24, she’s the world’s youngest billionaire with a $1.3 billion fortune. But despite her extraordinary wealth, very little is known about Kei Perenna ... Full story

Bitcoin exchange Mt. Gox disappears from web after massive losses

ONE of the world’s largest bitcoin exchanges has seemingly disappeared, delivering a severe blow to the virtual currency as it struggles to gain legitimacy. A ... Full story

Facebook buys WhatsApp for $16bn

FACEBOOK said Wednesday it was buying the fast-growing messaging service WhatsApp for more than $16 billion in cash and stock, expanding the global footprint of ... Full story

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