AmEx to slash cost by $1bn by 2017
Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.
Jan 25, 2016 8:44 AM EST
Ebola Vaccine Will Now Be Available As Gavi Signed $5 Million Deal To Prevent Future Outbreaks, Commits Merck To Keep 300,000 Vaccines Ready
Gavi, a world vaccine alliance, has made a $5 million deal with Merck regarding vaccine supply for future outbreaks. Merck has to provide 300,000 vaccines as a preparation to protect people from the next Ebola crisis.
3D VR Image Rendered By Google Cardboard Sets A Milestone In The History of Cardiac Surgery
Teegan, a baby girl has born in August with a half heart and single lung in a Minnesota hospital. The baby has showed strength of her life through remaining alive after 2 months diminishing doctors’ predictions which prompted her parents to contact Dr Remond Burke, chief of cardiovascular surgery at the Miami hospital. He and a team of 30 doctors and nurses have conducted a 7 hour long surgery through 3D image generated by Google Cardboard. The baby is safe after four weeks and now hopes to go home after next two weeks.
Google Deals With HMRC To Pay Back Taxes of £130 Million To The UK, France Probably The Next Claimant
HMRC has been conducting multiyear investigation to unearth Google’s tax dodging events. Though denied earlier, a Google spokesperson has narrated a deal with the Britain’s tax authority to pay taxes of £130 million due for over a decade. The deal is significant since many countries around the globe are conducting scrutiny to ascertain dodged tax amounts of Google and other multinationals. Investigations in accordance with OECD guidelines may also help France to establish its claim for $1 billion as unpaid taxes.
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Hillary Clinton Gets Endorsement From Boston Globe, Praising Her For Her Concern On Gun Control And Immigration Issues
The Boston Globe has endorsed Hillary Clinton in the Democratic presidential nomination. The newspaper praises Mrs. Clinton for her concern in the gun control and immigration issues. This endorsement is one of the other two endorsements she has obtained earlier.
Jan 25, 2016 8:30 AM EST
Takata to meet major customers to discuss business forecasts
Takata Corp is reportedly planning to meet its major clients in order to discuss its business forecasts. The US transport authorities announced a fresh recall of about 5 million vehicles subsequent to the recent death caused by the Japanese firm's airbag inflators.
Jan 25, 2016 8:28 AM EST
Part of Saudi Aramco’s Shares May Be Offered For International Investors
Aramco is the largest known oil producer in the world with a daily production of 10.25 MMbpd. KSA authority has increased feedstock prices to narrow down its budgetary deficits and also increases daily production rate to cope with the soaring demands. Now it is in efforts for Aramco’s listing for IPOs. If listed, Aramco will be the world’s first corporate entity with asset value of more than $1 trillion.
Jan 25, 2016 8:25 AM EST
Deezer raises $109 million despite cancelling its IPO plan
Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.
Jan 21, 2016 8:08 PM EST
AMD to release Polaris GPU in 2016
AMD said that it expects Polaris architecture based GPUs to begin shipments in the middle of 2016. According to the reports one version of Polaris GPU is aimed for light and thin laptops as well as entry-level desktops, while the other is designed for high performance.
Jan 21, 2016 8:04 PM EST
Global fears prevent US Fed from rate hike plan
The adverse conditions in the global economy and weaker stocks on Wall Street may prevent the US Federal Reserve from going for a rate hike again. Some analysts forecast four more rate hikes in 2016, while Reuters' poll indicate three times hike this year. The slump in commodities, weaker global markets, slowdown in China's economy and lower oil prices are causes of concerns for the US Fed as these are upsetting the Wall Street.
Jan 21, 2016 7:58 PM EST
Freshii to Help Consumers Through 'These Dark Hours' as Chipotle Closes Stores Nationwide for Employee Meeting
Chipotle will close their stores across the country on February 8 for a few hours so that corporate officials can discuss the new steps the company is taking about food safety. The chain has been hit by frequent outbreaks of food-borne illnesses in the past year, with the cause not yet announced.
Jan 21, 2016 7:53 PM EST
Space Gardening: A flower blooms in International Space Station for the first time
Previously, an experiment team of a space gardening project called Veggie has also succeeded planting consumable lettuce. The flower bloom is a remarkable step forward to a more advanced technique and choice of plants to grow in space. The project was established because NASA seeks to learn how astronauts can grow their own food in space to sustain long-term space journey.
Jan 21, 2016 7:40 PM EST
For Chinese Consumers, Oil Prices Halted At $40 Per Barrel Will Not Cut Down The Fuel Prices
The cutting down of the global crude oil in the world has not really influenced the Chinese consumers' retail fuel prices. The price remains the same as long as the price does not touch %40 per barrel.
Jan 21, 2016 7:31 PM EST
Twitter: Australia launched a new koala emoji to celebrate Australia Day
The emoji features a koala wearing a pair of sunglasses, and will appear automatically when a user tweets using the hashtag #AustraliaDay. An event on Tuesday marks the opening of the digital celebration one week prior to the national holiday on January 26. Australian netizens are also encouraged to tweet their stories and views on the holiday.
Jan 21, 2016 7:28 PM EST
Tullow Oil Plc Expects a Revenue of $1.6 Bln for 2015, 28% lower than 2014
Oil explorer Tullow expects to report revenue of $1.6 billion for the year 2015. The company also anticipates its impairment charges to be $0.9 billion for the full year.
Jan 18, 2016 9:57 PM EST
ISIS Supporter Hacks Tsinghua University of China’s Website to Show Support to Jihad
The website for students and lecturers should have displayed links to class resources and informations. But instead, it showed pictures of militants and the verses of Quran in Arabic.
Jan 18, 2016 9:45 PM EST
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