Takata downplayed air bag crisis and lost major investor because of it
Takata’s manner of facing their air bag crisis has lost them one of their biggest investors. How Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management.
Dec 08, 2015 4:07 AM EST
Orbital ATK takes off with vital NASA gear to the International Space Station
Orbital ATK’s Atlas V Rocket successfully took off en route to the International Space Station. After its year long hiatus, Orbital ATK with the Atlas V rocket successfully launched its unmanned Cygnus cargo spacecraft carrying important supplies and NASA gear to the International Space Station.
A Philippine judge clarified the ruling of his court, suspending the application of permits by prospective drivers
Philippine judge Santiago Arenas clarified Saturday that the ruling in a Quezon City regional trial court doesn’t stop operations of ride-sharing companies like Uber and GrabCar, but only suspend the application of permits by prospective drivers.
Great customer service is genuine customer service, according to experts
Patrick O’Conell, FRHI Executive VP Doug Carr, and Sara Kearney from Hyatt said great customer service is about being genuine, it shouldn’t be fake, developing a different personality, or scripted.
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The BMW i8 Spyder will be in production very soon, says CEO Harald Krueger
BMW CEO Harald Krueger said a production version of the BMW i8 Spyder, which was first seen as a concept in the Beijing Auto Show back in 2012, will be introduced very soon.
Dec 07, 2015 10:19 PM EST
Chile inflation drop puts pressure for rate hike
Chile's central bank is expected to hike interest rate this month or January 2016. inflation rate dropped into the expected range for the first time in 20 months. However, the core inflation remains at high level. The slump in currency Peso is also impacting the inflation rate.
Dec 07, 2015 9:41 PM EST
46% of Americans are not loyal to their banks, finds survey
A latest survey highlights that majority of Americans are loyal to one bank, while 46.1% have two or more bank accounts. Women deal with fewer banks and men tend to do multiple banking, according to survey by GoBankingRates. Majority Americans keep less than $1,000 in their savings accounts.
Dec 07, 2015 9:37 PM EST
China's budget airline spread wings to cover more routes
The cost-cutting measures at corporate companies are creating more demand for budget airlines in China. A majority of business travellers are also preferring to fly by budget carriers. The four budget airlines are making profits in Chinese domestic aviation. The budget airlines account for seven percent of China's domestic air travel and is expected to grow over 100 percent in next five years.
Dec 07, 2015 9:31 PM EST
Ferrovial offers broadspectrum A$715M in Cash
Ferrovial SA offered A$715 million for Broadspectrum Ltd., almost a year after the company rejected its previous bid. However, lots of investors are unhappy with the new offer as it presents an opportunistic bid.
Dec 07, 2015 9:27 PM EST
Asian stock markets boosted after U.S. jobs report
Asian stock markets traded higher after the US jobs report suggested the likelihood of the Federal Reserve to rise interest rates in next week. Stock benchmark traded higher in Japan, China, South Korea, Singapore, Taiwan, Philippines, and Indonesia.
Dec 07, 2015 9:25 PM EST
A long-stretched financial winter looms over Hong Kong
Hong Kong's financial hub has slipped into pressure following the continuous economy slowdown in China and concerns about possible interest rate hike by US Federal Reserve. The GDP of Hong Kong's financial center is expected slip over two percent. The latest probe by Chinese authorities into financial markets is also creating tremors among hedge funds, fund managers, brokerage firms and banks.
Dec 07, 2015 9:24 PM EST
Terror attacks in California, Paris cost Travel industry $8.2B
After the recent terror attacks in California, as well as Paris and other parts of the world, 10 percent of American travelers cancelled booked trips, costing the travel industry a potential $8.2 billion.
Dec 07, 2015 8:03 PM EST
Bugatti partnered with Palmer Johnson to create$3.5M super-yacht
Bugatti partnered with Wisconsin-based Palmer Johnson to develop an open-superyacht called Niniette, which costs $2.1 million to $3.5 million.
Dec 07, 2015 6:50 PM EST
Motorola Solutions Acquires Airwave for $1.2 Billion
Motorola acquire UK's Airwave for $1.2 billion to enhance its service business in mobile communication.
Dec 07, 2015 8:07 AM EST
IRS, With State Dept Now Have the Power to Deny Passport If Taxes Aren't Paid
In a new bill passed alongside the FAST Act, the IRS gains the ability to deny citizens their passports if they're found to be in more than $50,000 in back taxes.
Dec 07, 2015 6:52 AM EST
The Site of 5 Deaths During Paris Attacks, French Cafe Reopens Its Doors
La Bonne Biere has reopened its doors after gunment attacked the cafe, killing 5 people on the terrace.
Dec 07, 2015 6:49 AM EST
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