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Fiat Chrysler to transfer Jeep Cherokee production out of Ohio

Fiat Chrysler Automobiles will move the production of its Cherokee out of its current Toledo, Ohio to prepare for the production of the new redesigned pickup Wrangler.

Sep 03, 2015 12:06 AM EDT


Congress considers CRS proposal to increase social security benefits, retirement security

Congressman Alan Grayson came up with a legislation called “Seniors Deserve a Raise Act” that would give recipients of Social Security an increase for elders, and improve the retirement security.

Sep 03, 2015 12:04 AM EDT


Eric Rosengren hints at gradual rise in rates

Boston Fed President Eric Rosengren opines that low inflation rate would help government keep interest rates at lower level. He also hinted that US Fed might go for interest rate hike in a gradual manner and it might happen now or after few months.

Sep 03, 2015 12:02 AM EDT


Undisclosed paid advocacy made Wikipedia ban 'black hat' accounts

Wikipedia has become a default source of information but with its ‘black hat’ accounts, many are thinking twice if they will still trust the website. A lot of misleading accounts had been banned already because of the incident.

Sep 03, 2015 12:00 AM EDT


Introducing Intel’s Skylake processor

Intel introduces a new line of PC microprocessors they call Skylake today. The chips are designed to bring life back into the slow sales of PCs since smartphones and tablets became more popular.

Sep 02, 2015 11:58 PM EDT


Edenworks greenhouse rooftop yields cheaper and healthier produce

Jason Green co-founded Edenworks, a startup that applies vertical and aquaponics farming. It reduces energy and water supply costs. At the same time, it produces healthier and more flavorful crops.

Sep 02, 2015 11:57 PM EDT


US construction spending at 7-year high

The latest data from the US Commerce Department reveals that construction spending grew 0.7 percent to $1.08 trillion showing seven-year high. the construction spending has been growing for the past eight months continuously.

Sep 02, 2015 11:54 PM EDT


Defective Takata airbags count lower than estimate

Original count of defective airbag inflators higher than NHTSA count due to double counting. This number covers 11 different car manufacturers and is much lower than the original estimate of 34 million. Around 4 million airbags need repair and 19 million vehicles are involved in the recall.

Sep 02, 2015 5:28 AM EDT


The rise of Robo Advisors in wealth management

The rise of robo-advisors is a big issue among investment firms these days. Is it a boon or is it headed to its doom? Robo-advisers were developed on the premise that most of what the Registered Investment Advisors (RIA) do can be replicated by advanced software.

Sep 02, 2015 5:24 AM EDT


Calpers and Calstrs oppose amendment in Bylaws at Bank of America to combine CEO, chairman role

The California Public Employees’ Retirement System and the California State Teachers’ Retirement System joined forces to oppose corporate bylaw changes at the Bank of America Corp to stop Brian Moynihan from becoming both chief executive and chairman.

Sep 02, 2015 5:23 AM EDT


McDonalds McMuffins will be available all day long starting October 6

McDonald's gave in to 120,000 customer requests to serve breakfast items all day. For a few months, McDonald's has been hearing customers saying how much they wanted to have an Egg McMuffin not only for breakfast but any time of the day.

Sep 02, 2015 3:42 AM EDT


Valeant partners with AstraZeneca for psoriasis drug

AstraZeneca and Valeant Pharmaceuticals share rights to latest psoriasis drug brodalumab in a deal amounting to more than $400 million.

Sep 02, 2015 3:21 AM EDT