Asia shares mostly higher, UK Brexit formalization ahead

Christophe Archambault | AFP | Getty Images Asia markets were mostly higher on Wednesday, after U.S. equities rose higher on the back of a strong consumer confidence survey with markets awaiting the formal move by the U.K. to start an historic split with the European Union. The Australian benchmark ASX…

Investor burned by Bernie Madoff jumps to death from hotel

A well-connected hedge funder with ties to Bernie Madoff plunged to his death at a posh New York hotel, according to reports. Charles Murphy, who most recently worked with hedge fund heavyweight John Paulson at Paulson & Co., was pronounced dead shortly after 5 p.m. Monday at the Sofitel building…

Cisco is planning a major change that could dampen its biggest business

Cisco, the networking giant that for decades thrived on selling expensive hardware, is moving towards separating out some of its key software for use in lower-end switches, The Information reported, citing two people familiar with the company’s plans. The new operating system in the works is called Lindt, and the…

Airbnb to Double Investment in China, Adopt New Name

Airbnb CEO Brian Chesky said the name, which translates to “Welcome each other with love”, reflected the company’s commitment to succeeding in the country. “There’s a whole new generation of Chinese travellers who want to see the world in a different way,” Chesky said at a launch event in Shanghai….

Why Finance Bill is changing functions, existence of tribunals

    One of the most striking features of the Finance Bill this year is the number of amendments the government has made to the Bill after it was presented in Lok Sabha on the day of the Union Budget. Out of all these amendments, the one that did not…

Bill Against Outsourcing Jobs Back In House Of Representatives

Washington: A bill seeking to prevent US companies from outsourcing jobs overseas by “abusing” H-1B programme has been re-introduced in the House of Representatives and may hit Indian IT firms and professionals. Democratic Congressman Derek Kilmer and his Republican colleague Doug Collins introduced the bill aimed at stopping employers, that…