Result Page 119 for Archives

Teacher Raped By Inmate Received $3 Million Settlement

Former female prison teacher who was attacked and raped by inmate received $3 million settlement. The attacker was a convicted sexual offender and the teacher was left alone in a classroom with him.

Jan 05, 2016 11:02 PM EST

News

Beijing air quality is improving

Beijing environmental authorities reported that Beijing's air quality in 2015 was better compared to 2014 despite the city's first two red alerts for pollution. Besides that, Beijing also reported a total of 186 days with air quality meeting the national standard for 2015.

News

Boeing bags $855-mn contract for T-38C logistics support

Boeing Co has bagged $855-mn contract from the US Air Force. Boeing will offer avionic component integration and contractor logistics support for T-38C aircraft. The duration of the contract is 10 years and works are scheduled for completion by January 2026.

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Civil Lawsuit Against Volkswagen May Pave Ways For Criminal Probes

Volkswagen, has been forced to face civil lawsuit on Monday allegedly due to deliberately violating Clean Air Act. After being caught by the regulator in September, VW has admitted installing software that is designed to trick regulators while undergoing official tests. However, if proves guilty, VW may count penalty up to $18 billion and face other criminal charges in the US as well as other parts of the globe.

LG to Display Its Roll-Up Flexible OLED Screen in CES 2016

Korean electronic giant, LG is to display its paper-thin OLED screen in CES. Its new flexible display technology is a a flexible and rollable screen.

Jan 05, 2016 7:47 PM EST

After Qualcomm, Intel Dives Into Drone Through Acquiring Former Partner, Ascending Technologies

Intel has announced acquiring German drone maker, Ascending Technologies on Monday. All the existing 75 employees of the latter concern are going to be offered position in the new dynasty. Not only that, Intel has also pledged commitments to extend support to the existing customers of the acquired entity.

Jan 05, 2016 7:36 PM EST

GM announces Mary Barra as new chairwoman

General Motors announced that it had unanimously elected Mary Barra as its next chairman, effective immediately. Barra succeeds Theodore Solso who will be retiring but will continue serving as the Board’s Lead Independent Director.

Jan 05, 2016 7:29 PM EST

2016 may generate 3.5mn jobs in India

The year 2016 may witness encouraging employment generation, but moderate salary rise. The inflation rise will erode the salary rise benefits. India and the UAE may record robust job growth rate. IT, app economy, retail and BFSI sectors to lead emplyment generation of about 3.5 million in India. Dubai Expo-2020 may play a key role in jobs growth rate in the UAE.

Jan 05, 2016 4:07 AM EST

Oklahoma regulator orders for lower wastewater disposal after earthquakes

Oklahoma's oil and energy regulator has ordered injection well operators to reduce wastewater disposal. The state suffered about a dozen earthquakes in less than a week. The regulator has started implementing an action plan for injection wells located in the area that was hit by earthquake.

Jan 05, 2016 3:55 AM EST

Saudi Suspends All Flights and Trade With Iran

Saudi Arabia suspends all flights to and from Iran. The country also ban its citizen to travel to Iran in a new chapter of Middle East sectarian.

Jan 05, 2016 3:24 AM EST

Japan's central bank playing activist investor role to revive economy

With an objective of reviving the economy, Bank of Japan (BoJ), Japan's central bank, is playing a role of activist investor in the domestic equity markets. The central bank's governor and Prime Minister are also asking corporate companies to increase capital expenditure and wage rise. Bank of Japan holds $54 billion in exchange-trade funds (ETFs). Japan's economy is suffering from weaker consumption and deflation.

Jan 05, 2016 3:21 AM EST

‘Latte Macchiato’: ‘Starbucks’ Hits New Caffeine Beverage

Latte Macchiato, combination of espresso and milk, is going to be served by Starbucks, the Seattle based Café Chain. The popular Australian drink is being introduced to the Americans by Angus Maxwell, certified barista serving the coffee chain. The new beverage joins the Starbucks menu and is believed to be a stepping stone between a cappuccino or flat white and an Americano among those desiring to change the taste bud.

Jan 04, 2016 10:55 PM EST

Tesla Car Caught Fire in Norway While Charged

Tesla Motors started 2016 with an incident. In Norway, its Model S was caught fire while being charged last Friday.

Jan 04, 2016 10:25 PM EST

Philippine Follows Vietnam in Protesting China’s Proclamation Over Spratly Islands

After Vietnam, Philippines, a close US ally, has described China’s efforts as acts against its sovereignty. All the three neighboring countries contend for the ownership of the probably oil/ gas enriched Spratly Islands. Not only the hidden mineral resources but also the geographic location of the islands, has led the neighboring countries to dominate one of the busiest naval routes.

Jan 04, 2016 10:23 PM EST

Oil Price is Slightly Rising Amidst Tension Between Saudi and Iran

Oil price is rising amidst tension between Saudi Arabia and Iran. The oil price started the first day of trading in 2016 at the price of $38 a barrel before reduced to $37 in the afternoon trading.

Jan 04, 2016 10:21 PM EST

5 key economic trends to watch in 2016

Economists and analysts foresee the five key factors that would influence the global economy significantly in 2016. The major aspects such as industrial production, consumer spending, international trade, currency trends and inflation will influence the global economy. The lower energy costs will propel consumer spending upwards, while resulting in inflation rise.

Jan 04, 2016 10:21 PM EST