Oracle Corp., the American computer hardware company, said that its cloud business has gained momentum in its latest quarter, but strong dollar badly affected its profit.
According to data compiled by Bloomberg, revenue of the company fell around 6.3% to $8.99 billion from a year earlier...read more
Janet Yellen, the famous American economist, is helping out the Federal Reserve to carry out first rate rise in a decade. Yellen is approaching traditional economic models for introducing the change.
The 69-year-old economist argued on the point that the time is very near when there will...read more
Mobile payment startup Square Inc priced its initial public offering (IPO) at a level lower than what it indicated earlier. As per some analysts, the company’s debut on the stock exchange will help known how public markets will evaluate high-profile private startups.
Online dating...read more
In view of the increased requirement of additional staff amid the approaching holiday season, Amazon today announced its plans to hire nearly 100,000 employees.
The new employees will be given roles across the company's shipping warehouses and sorting centers in the U.S. Among these,...read more
Intuit stock witnessed the highest decline in almost a decade after the company shared lackluster future guidance. Intuit declared earnings which were as per market expectations. The stock declined 13 percent, mainly due to cautious future guidance.
In New York stock market, Intuit...read more
According to reports, US productivity increased at a moderate speed in the April-June quarter for the reason that growth increased and hiring continued to be steady. According to the Labor Department, worker productivity rose at a seasonally adjusted yearly rate of 1.3% that increased from a...read more
Home sales in California jumped nearly 11 per cent month-over-month in June even as property prices reached seven-year highs, thanks to stronger economy and low interest rates.
According to stats released by research firm CoreLogic Inc., home sales jumped for the fourth consecutive month...read more
Venture capital (VC) investments during April-June period hit the highest quarterly level in fifteen years but the San Diego region's share tumbled by nearly 50 per cent, fresh stats published by MoneyTree revealed.
According MoneyTree, VC investments hit $17.5 billion nationwide in the...read more
The City of San Francisco added a total of 6,559 units to the list of its affordable housing between 2005 and 2014 and lost nearly 5,470 rent-controlled apartments during the same period of time, according to the city's latest Housing Balance Report.
The aforementioned figures showed that...read more
Drastic increases in gas prices in Los Angeles amid a shortage of refined petroleum are causing unprecedented troubles for motorists in the region.
Dean Smith, a 54-year-old driver said he was feeling as "mad as hell" on Monday when he had to pay $4.65 for a gallon of gas at a 76 gasoline...read more
President Barack Obama on Monday directed the U.S. Labor Department to make administrative changes required to allow California to proceed with establish a state-run savings & retirement program for private-sector workers.
The Labor Department will have to craft an exemption to enable...read more
California Gov. Jerry Brown’s finance department has opposed a bill that aims to hike minimum wage from $9 to $11 an hour on January 1, 2016, and further increase it to $13 an hour a year later.
The California State Department of Finance said it was opposed to the bill because it would...read more
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