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Aussie billionaire James Packer quits board amid drop in gambling revenues in Macau

James Packer, an Australian billionaire, has left the board of Crown Resorts Ltd as Chairman. Crown Resorts is suffering from a drop in gambling revenues in Macau. Packer will continue as co-Chairman of Crown Resorts. Packer has decided to focus on development projects in the US and Australia.

Dec 21, 2015 3:51 AM EST

News

US gasoline slips below $2; at 6-year low

The US gasoline average retail price slips below $2 per gallon as oversupply position in the global energy sector continued. The gasoline price at $1.999 per gallon is indicating its lowest in over six years. The US economy is witnessing a rare combination of falling price and rising demand. The recent decision by Opec not to reduce production level is keeping more pressure on global oil price.

News

Mars Recalled Dove Chocolate Over Allergy Concern

Mars issued allergy alert for its Dove Chocolate Assortment Snowflake on December 18, due to undeclared peanuts, wheat and egg ingredient.

News

Packer is in discussion to take Crown's assets private

James Packer’s Consolidated Press Holdings is in speculation that it was going to team up with private equity and take parts of Crown Resorts private. The circulated news cause its share price to soar higher and was query by the Australian Stock Exchange.

London house prices to double by 2025, rents to go 27% higher

The average home price in London is set to double by 2025, while it's 50% surge in the UK, according to a latest study. The rise in housing prices is impacting consumer spending. The number of property millionaires is rising encouragingly since January. However, the new tax regime has slowed down the rate of growth in Scotland.

Dec 20, 2015 10:08 PM EST

Secret Santas pay $484,000 for Walmart layaway shoppers in three states

Mistery Santas gave Christmas gifts to Walmart's shoppers in three states by paying off their layaway orders. The total amount of anonymous donations reached $484,000.

Dec 20, 2015 9:51 PM EST

Is the Fed hike the silver bullet that can bring economic prosperity back?

The US Federal Reserve has increased the interest rate by quarter percentage. Will it bring back the economy to normal, asked the economists. Purely linking interest rate hike, inflation and oil price drop doesn't serve the purpose., caution economists. There's also associated risks for emerging markets as well, caution economists.

Dec 20, 2015 9:31 PM EST

Fiat Chrysler buys emission credits from rival auto majors

Fiat Chrysler Automobiles NV has purchased 5.5 million emission credits from Toyota and Honda. Another one million credits from Tesla. Fiat Chrysler ended 2014 with a credit balance and without this purchase also, it would have been emission compliant, according to a report from the Environmental Protection Agency. Fiat Chrysler ranks last in fuel efficiency when compared with rival auto majors.

Dec 20, 2015 9:23 PM EST

Apple Pay announced to launch In China In early 2016

Apple and China's Union Pay has signed a partnership and hopes to bring Apple Pay in China next year. The service will enable the users to have an easy, secure and private way of payment. Apple Pay will also be launched in Spain, Singapore, and Hong Kong other than in China.

Dec 20, 2015 4:50 PM EST

Brazil Judge lifts 48-hour ban on WhatsApp

A Brazilian judge lifted the 48-hour ban on phone-messaging app WhatsApp in the country. The 48-hour ban on phone-messaging app WhatsApp in Brazil, which caused users in the country to switch to Telegram, was lifted.

Dec 20, 2015 4:46 PM EST

Man resurrects 1955 Chevy Bel Air beyond former glory

Gary Holyoak is a resident of Cedar City, Utah who grew up with a 1955 Chevy Bel Air and plans to resurrect the car, putting LS3 Power and an Art Morrison Chassis on the classic.

Dec 20, 2015 4:43 PM EST

Tax Extenders Bill will benefit America's startup sector in a big way

The new $622 billion tax package the House of Representatives approved on Thursday will benefit greatly from this.

Dec 19, 2015 2:35 AM EST

Brazil's unemployment rate down 7.5% November, surprising analysts

Brazil's unemployment rate went down 7.5 percent in November, whichis lower than the 8 percent that 37 analysts from Bloomberg expected.

Dec 19, 2015 1:56 AM EST

The Launch of Tobii Device Integration in Windows Hello Enables Face Login

The Microsoft Windows Hello comes with Tobii software designed specially, with depth sensing cameras. The merger of the eye tracking global leader, Tobii and the Microsoft Corp. will allow customers with fast, simple, and more secure logins.

Dec 19, 2015 1:35 AM EST

Cerberus closing in acquisition deal on Avon's North American business

Cerberus Capital Management LP is closing in on a $170 million deal to buy Avon Products Inc.’s ailing North America business.

Dec 19, 2015 1:09 AM EST

4 ways to secure your home when away on holidays

Christmas holiday is the time of bringing together family and friends to celebrate love and peace. However, thieves and burglars take advantage of a vacant home at this time of the year to steal precious possessions. Few wise tips can help you secure your home while away on vacations.

Dec 19, 2015 1:03 AM EST