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Top News: Business

SoulCycle class action alleges 'soulless' cheating of customers

A class action lawsuit has been filed against SoulCycle alleging the fitness chain is illegally profiting from customers by placing unreasonably short expiration dates on its exercise class passes.

Shares chase Wall Street higher despite China fears

Hong Kong - European and Asians stock markets chased Wall Street higher Thursday after days of wild swings, but dealers warned that the spectre of the slowing Chinese economy means more turbulence ahead.

Aliwaxima, Tehran's shoe-shine man in a red stiletto

Tehran - A giant, racy-red motorised stiletto is not what you expect to see cruising down the avenues of Iran's capital but it certainly attracts attention, and business, for intrepid shoe-shine man "Aliwaxima".

European food businesses reach milestones in recent acquisitions

While the stock market may seem to be on shaky ground globally, food industry acquisitions seem to be achieving important milestones. Two such companies to gain recent notoriety for their takeovers include Hearthside Food Solutions and Nomad Foods.

Op-Ed: Chips and salsa man learned all his savvy from sales with IBM Special

Sonoma - Meeting Ron Cuda is like talking to a friend and catching up. His easy-going demeanor makes anyone feel at home. His office on Fifth Street West across from Safeway is small but his La Casa Foods business is growing.

75,000 apply for jobs fetching tea in India

New Delhi - Overwhelmed Indian officials have cancelled plans to fill a handful of menial government jobs after being flooded with 75,000 applications -- some from university graduates.

Why an economic slump could be fantastic news for some companies

Every boom has its bust. But every bust looks different. Business Insider looks at the main winners and losers from this week's market meltdown.

China cuts interest rates by 0.25 percentage points

Bejing - China's central bank on Tuesday cut its benchmark interest rates and the amount of cash banks must keep on hand, the latest stimulus aimed at boosting the world's second-largest economy as it battles a collapse in share prices.

World equities swing as Shanghai plumbs new depths

Shanghai - Equity markets convulsed on Tuesday as Chinese stocks pursued their worst rout in nearly two decades, after concerns of a slowdown in the world's second-largest economy sparked panic selling around the globe.

How far would you go for a Big Mac? How about Siberia?

Moscow - McDonald's, the biggest burger chain in the world, is expanding its customer reach to the ends of the globe, or at least to Siberia. The fast-food giant is extending its corporate dominance despite the strained relationship between the U.S. and Russia.

China shares in dramatic dive as fears mount over economy

Shanghai - Chinese shares plummeted on Monday, wiping out the year's gains and leading a slump across Asian equities as Beijing's latest market intervention failed to restore confidence, with concern mounting about the stalling economy.

China pushes global market crash doomsday clock to 11:59 PM

In 1997, Asia was practically crippled by an enormous financial crisis. This problem has risen from the grave, and it could get much worse than the current economic conditions in Greece.

Canadian Valeant Pharmaceuticals to buy Sprout Pharmaceuticals

Canada giant Valeant Pharmaceuticals is to purchase Sprout Pharmaceuticals,manufacturer of the first FDA-approved treatment for low sexual desire in women.

Op-Ed: Jeff Bezos vs NYT PR disaster — Managing a mess

New York - After grim revelations in a New York Times article about Amazon’s workplace culture, CEO Jeff Bezos wrote a published letter to employees, saying they could always talk to him. He even gave them his email address.

Amgen fined in the U.S. over 'improper advertising'

The pharmaceutical company Amgen has been fined by U.S. authorities in relation to the advertising of its products. The settlement is $71 million.

Find out more about Salesforce's aggressive investing strategy

It didn’t take too long for CEO Dave Elkington to learn that Salesforce might be interested in investing in his company earlier this year.

Reviewers on Yelp are not employees, says Federal judge

A Federal judge has decided that reviewers on Yelp, a site that allows customers to review businesses, are not employees of Yelp.

Op-Ed: Amazon workplace a burnout factory? Grim tales and image problems

New York - It’s not often that anything ever makes a wave in revelations about US corporate culture, but a New York Times article about working at Amazon has opened up a major debate. The image that comes out of the NYT piece is grim, and very negative.

How Amazon delivers for customers at the expense of workers

Current and former Amazon employees share how the retailer demands workers go to any length to fulfill orders at the expense of personal life and family.
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