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
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.
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.
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.
Latest News
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
Canada slides into recession as oil prices dip
Canada is now officially in a recession after registering two consecutive quarters of negative growth. The oil exporting economy was particularly hit hard by slumping oil prices, which are now half their level last year.
Sep 02, 2015 3:17 AM EDT
Keep calm: Intelligent Energy can make iPhone batteries last for a week
Intelligent Energy which is a British hydrogen fuel cell maker and a green energy company said it's not theoretical, far-off dream and claimed to have built a battery that definitely fits an iPhone6 and requires no charging of up to seven days.
Sep 02, 2015 3:05 AM EDT
Teen retailer Forever 21 turns to outside investors for $150M loan
Forever 21 see slumps in sales and profit due to its push to larger space stores. It now resolves to get a $150 million loan from outside investors for aide.
Sep 02, 2015 12:01 AM EDT
What's distracting China: Economy or market sell-off?
The difference in downfall among Chinese and other global markets indicates that the dragon country is suffering more from economy point of view. The real problem for China is not market sell-off, but its domestic economy challenges.
Sep 01, 2015 11:44 PM EDT
Gear up for China growth slowdown, IMF tells emerging nations
International Monetary Fund's (IMF) Managing Director Christine Lagarde said the world should brace up for China's economy slowdown. IMF further said that gwoth will be moderate and below its previous forecast made two months ago.
Sep 01, 2015 11:34 PM EDT
More accounting errors delay Toshiba's annual forecast
Several discovered new errors inhibit Toshiba from closing its books and announcing its annual revenue. CEO accepts accountability and will resign voluntarily if dealine is not met.
Sep 01, 2015 11:22 PM EDT
Despite poor stock market performance, good things are on the horizon for Twitter, said analyst
Despite its low performance in the stock market, analysts is optimistic that Twitter is headed somewhere good due to a few important factors.
Sep 01, 2015 11:21 PM EDT
August is over - Worst Month for Dow but decline may continue until September
August was not a good month for the stock market as it experienced declines. Stock Market drops may continue in September.
Sep 01, 2015 10:43 PM EDT
China-based Internet entrepreneurs back Tesla rival NextEV
Wealthy Internet entrepreneurs and investors invested in a China-based electric car manufacturer NextEV. The investors hired ex-Ford Motor Co executive Martin Leach to create a global automaker.
Sep 01, 2015 10:17 PM EDT
Global central bankers ready for US rate hike - Reuters
Central banks around the world want a Fed rate hike, sooner rather than later, according to Reuters. But, considering developments in the domestic and international fronts, Fed officials say it's too early to tell whether they would raise interest rates this month.
Sep 01, 2015 9:56 PM EDT