Result Page 141 for Archives

Generous Texas billionaire gave each employee $100,000 incentive

Hilcorp Energy Co. founder and CEO Jeffrey Hildebrand gave each of his 1,381 employees $100,000 for hitting its goal of doubling production rate in its oilfield, has reserve, equity value, and net oil in a span of five years.

Dec 11, 2015 8:31 PM EST

News

Ford invests $4.5B on electric vehicles to comply with federal regulations

Ford will invest $4.5 billion on electric vehicles by 2020 to conform to federal fuel-efficiency regulations, but most especially, to provide for the customers’ needs.

News

Saudi election finally includes women, also allowing them to vote

Women are now allowed to run for municipal council in Saudi Arabia. They are also allowed to vote. This is a step forward towards providing equal rights for women in the strict Saudi society.

News

LG Electronics CEO was Vindicated from Vandalism on Samsung Washing Machine

LG Executive accused of vandalizing Samsung washing machine during 2014 Berlin electronics trade fair but was found not guilty.

Uber Launched Desktop App on Windows 10

Uber created a desktop app to enable users hail a ride from their desktop. Unfortunately, the app is unable to work on its own.

Dec 11, 2015 10:26 AM EST

Oil slump major risk for Malaysia debt

The debt-ridden 1Malaysia Development Bhd (1MDB) is in the process of selling assets to reduce its debt. Though it has already identified buyers for its asset sale, investors say the oil price slump is the major concern over the nation's financial situation. Oil revenues account for 22 percent of total Malaysian government revenues. The government is planning to impose higher taxes to compensate oil price drop.

Dec 11, 2015 10:18 AM EST

Morgan Stanley in $225 million deal with U.S. regulator

National Credit Union Administration (NCUA) filed lawsuits against banking lenders includng Morgan Stanley for allegedly selling faulty mortgage-backed securities. Morgan Stanley without admiting its fault, has agreed to pay $225 million to seele the claims. The total value of such claims recovered by NCUA reached to $2.43 billion since 2011.

Dec 11, 2015 10:09 AM EST

Wal-Mart Marketing head Stephen Quinn to retire, says WSJ

The longtime Marketing Chief Officer of Wal-Mart Store’s Inc., Stephen Quinn, plans to step down by the end of January.

Dec 11, 2015 9:58 AM EST

US imposes new sanction to North Korea: Strategic Rocket Force added to the list

Last Tuesday, the U.S. imposed new financial sanctions targeting North Korea's Strategic Rocket Force.

Dec 11, 2015 9:53 AM EST

Smartphones to become obsolete in 5 years, Artificial intelligence will take over

Swedish telecom expert, Ericsson, has claimed that artificial intelligence will soon become the mode of interaction and communication overpowering smartphone in the next 5 years.

Dec 11, 2015 9:44 AM EST

EU warns Thailand of airline safety enhancement

Thailand’s airlines have been spared a ban from European skies despite concerns over flight safety in the country. Last Thursday, EU regulators issued a special warning over travelling on Airlines from Thailand, but stopped short of following last week’s US damaging safety downgrade for a country heavily dependent on tourism.

Dec 11, 2015 9:34 AM EST

Beijing continues to suffer from pollution, but Delhi's air quality is 150% worse

While Beijing residents continue to struggle through a period of unusually high air pollution, similarly high smog levels are a fact of life for many in different parts of the world, where Beijing-style warning systems aren't in force. In the past week, during which Beijing's air pollution has been at its most severe, air quality has been 150% worse in Delhi, India's capital.

Dec 11, 2015 7:49 AM EST

November NPD: PlayStation 4 overtakes Xbox One and there's no stopping Call of Duty

November was a good month for next gen-consoles and also an important month for sales in the video game industry. American consumers spent $2.47 billion on new game softwares, hardwares, and accessories at physical retailers in the United States last month. That is up by 2 percent from 2014, when gamers spent $2.42 billion. Most of that growth came from hardwares, which saw an increase in revenue despite price cuts. PlayStation 4 emerged the victor, but it was a good month for all console hardware makers.

Dec 11, 2015 7:44 AM EST

The Internet is for humans, not robots

The really good robots just can't seem to keep up with the growing number of humans and bad robots on the web. Good robots are the helpers, they're designed to crawl the web for archiving purposes, to populate RSS feeds and search engines, and to help with other automated tasks that assist humans. Bad bots, by contrast, are the impersonators, data thieves, and other rogue agents.

Dec 11, 2015 7:34 AM EST

Tesla says Australian utility Origin to market solar battery

Tesla Motors Inc. listed Australia's largest power and gas retailer, Origin Energy, as one of the distributors for its solar battery storage product, Powerwall, which the company is launching globally in two other countries. The Powerwall is initially targeted at early adopters, both by Tesla and by Origin. The product will be available for installation starting February 2016.

Dec 11, 2015 7:16 AM EST

SpaceX to relaunch Falcon 9 by December 19

After a lengthy hiatus from spaceflight, SpaceX will launch its next Falcon 9 rocket again on December 19th. A recent tweet by ORBCOMM’s CEO, Marc Eisenberg, on Dec. 9, 2015, stated that the spacecraft were set and ready to be launched on the first flight of a Falcon 9 since one of the rockets was lost earlier this year. Elon Musk, SpaceX CEO, also revealed the launch date on Twitter early this morning, noting that the launch would be "about three days" after December 16th.

Dec 11, 2015 7:10 AM EST