Snapchat is an app that allows users to share pictures that lasts for seconds at a time. But in a new move, the mobile application will now give its clients the prospect of sending cash.
In an announcement the photo-sharing service introduced its new payment service "Snapcash" in which the users can link their Visa or MasterCard debit cards to their own accounts.
Starboard Value LP, the activist investor urging a merger between Yahoo and AOL to merge, has stated that it owns shares not only in Yahoo but also in AOL.
Starboard disclosed that it owns a stake of 7.7 million share in Yahoo and a share stake of 1.9 million in AOL. According to Thomson Reuter's data this transpires to be 0.8 percent stake in Yahoo and 2.5 percent in AOL.
A news paper reported that Samsung, the electronics company from South Korea has applied for a licence for investing $3 billion, for setting up a mobile phone plant in northern Vietnam. This will be the second one of its kind in the country.
On Thursday, Goldman Sachs Group reported a better than expected third-quarter results.
The earnings of Goldman Sachs increased $4.57 per share to $2.24 billion. In 2013 the third quarter figure stood at $2.88 a share or $1.52 billion.
As per the expectation of the analysts the bank was to earn $3.21 a share.
On Sunday, the Heineken family which own one of the world's largest breweries, Heineken was reported to have rejected a takeover offer that cane from SABMiller.
SABMiller has developed quickly into being the second largest brewer in the world by making the right acquisitions at the right time. It remains ahead of Heineken and Carlsberg.
Tiffany & Co. the well known upmarket jeweller for the second time improved the forecast for its full-year profit after it experienced a better than expected increase in the company's quarterly profit. The rise is mainly attributed to the sturdy rate of sales and the growing prices for its swanky jewellery in Americas' which are its prime markets.
Weyerhaeuser, the forest products company is surely one among the major companies of the Pacific Northwest and has been there for more than 110 years. It now plans to shift base and relocate its headquarters along with 800 of its employees to Seattle from Federal Way.
The move is expected to take place in 2016 on completion of a new building construction at 200 Occidental Ave. S.
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