U.S. bombing on ISIS oil facilities finally taking toll
US-led bombing on ISIS oil facilities is finally taking effect, bringing the terrorist group’s $500 million a year income from this business down to only a fraction.
Dec 17, 2015 8:12 PM EST
New Zealand Economy grows faster Than Q3 Forecast
New Zealand's economy grew 0.9 percent in the third quarter, faster than what was expected by economists. It was buoyed by greater spending in the manufacturing and retail sector.
EBay to Set Up outposts in Shopping Malls to help people sell gift they didn't want after Christmas
To gain more sellers and help people sell their unwanted Christmas gifts, eBay will be setting up physical shops in Westfield Malls on December 26 to 27.
Wells Fargo Donates $50,000 for San Bernardino shooting victims
Wells Fargo & Company announced Tuesday that it will give $50,000 to the San Bernardino United Relief Fund to help the families of the victims of the shoot out.
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Soon to Come: Droneport, Airport for Drone
Aerodrome will build the world first droneport in the Boulder City, Nevada. This facility is approved by FAA for training and certification of drone pilot.
Dec 17, 2015 7:09 AM EST
Groove to the Rhythm: Sonos Speakers Start Supporting Apple Music though, on Beta
Sonos is supporting the Apple Music on Beta version. The ultimate version of the integration is supposed to launch early next year.
Dec 17, 2015 6:49 AM EST
Cigarettes Losing Popularity: Marijuana, the Preferred Choice for the Teens
The cigarette smoking has reduced by 55% in last 5 years. This is the first time that the reports showed an increase in daily marijuana consumption outshining cigarettes in the last 4 decades.
Dec 17, 2015 6:17 AM EST
Last Minute Festive Shopping With Amazing Holiday Deals from Blackberry
The eCommerce store for Blackberry has launched the special festive holiday promotions starting from 15th December, 2015 afternoon. Grab the last minute gifts for Christmas and New Year from the official Blackberry online store.
Dec 17, 2015 6:14 AM EST
Fed Increases Benchmark Rate: Aftermaths For Local as well as Global Consumers
Federal Open Market Committee, policy making body on behalf of Federal Reserve Bank, central bank of the world’s largest economy, has started to approach through a new path after around a decade with announcing its decision to raise short term benchmark by a quarter points. The rate hike will directly affect the short term debt holders while mid and long term borrowers will suffer with its gradual aftermaths.
Dec 17, 2015 4:29 AM EST
Global average Internet speed Grew to 5.1 Mbps while Only 5.2% Broadband Connected: Q3Y2015 Akamai Report
Akamai, the global leader in Content Delivery Network (CDN) services, aims to make internet faster and furnishes quarterly matrices on state of internet speed. The third quarter report for the year 2015 addresses the global average internet speed as 5.1 Mbps while only 5.2% internet users are Broadband connected.
Dec 17, 2015 4:26 AM EST
Frutarom buys Wiberg: Raises its sales target to $2 billion by 2020
Israel’s Futarom, leading flavor and fine ingredients maker has announced that it is to acquire Austrian savory flavor maker Wiberg for $130 million. Futarom has aimed its sales target to $2 billion by 2020.
Dec 17, 2015 4:21 AM EST
Seattle passes law: Uber and Lyft drivers to form Unions
Seattle City has become the first in the nation to pass a bill allowing Uber, Lyft and other ride-hailing services to form unions over pay and working conditions.
Dec 17, 2015 4:07 AM EST
Kleppierre join hands with Entra: Oslo Shopping Center to be bought for $578 million
Kleppierre, jointly with Entra has signed a sale and purchase agreement to acquire Oslo Shopping Center. The companies have agreed to buy the shopping center for $578 million.
Dec 17, 2015 4:03 AM EST
Pravin Gordhan returns as new Finance Minister: South Africa’s banking index goes high
South African President Jacob Zuma has decided to reappoint Pravin Gordhan as Financial Minister after removing David van Rooyen from the position. Gordhan will take over this position again which he had held previously for five years. Following this, shares in South Africa’s banking index surged to 15 percent.
Dec 17, 2015 3:54 AM EST
Major U.S. Banks Raise Prime Rates After Federal Reserve Hike
Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.
Dec 17, 2015 3:51 AM EST
US housing surges 10.5% in November
The US housing activity rose 10.5 percent in November. The construction activity in the single-family housing touched eight-year high. Builders turned optimistic on the US housing market. The mortgage rates are set to go up after the US Federal Reserve hiking the interest rate.
Dec 17, 2015 3:50 AM EST
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