India's economic 7.4% growth surpasses China's 6.9%
India reported a 7.4 percent economic growth in the third quarter, surpassing China’s 6.9 percent for the same period due to strong domestic demand and improved industrial productions.
Dec 01, 2015 10:06 PM EST
JPMorgan leaves bonus pool unchanged since 2014
The change in regulations is keeping a pressure on investment banks. Owing to weaker revenues, several investment banks are slashing down on bonus payout. JPMorgan Chase & Co is keeping its bonus pool unchanged from 2014. However, this decision is subject to the trading performance in December.
Alberta regulator extends bid time for Canadian Oil Sands
Alberta Securities regulator has given one more month for Canadian Oil Sands to accept or reject the takeover offer from Suncor Energy. The Canadian Oil Sands' board is examining alternatives to continue as an independent company or look at rival offers.
Court orders Anadarko to pay $159.5M penalty for 2010 Deepwater Horizon oil spill
Petroleum company Anadarko was ordered to pay $159.5 million as part-owner of BP's Macondo Well that caused the biggest oil spill in the U.S. The oil spill caused an explosion that killed 11 people and a massive oil spill in Gulf of Mexico in 2010.
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Chemical firm Chemours cuts 5 percent of its global workforce
Chemours Co announces that the company will layoff some 400 of its workforce globally including 50 in its own headquarters in Wilmington. The company announces that the layoff is part of its ongoing effort to reduce its operating cost.
Dec 01, 2015 9:14 PM EST
"Grow" your Own Artwork on Paper with Living Ink Technologies' Algae Ink
Living Ink Technologies have created a pen whose ink is created from algae. The designed created by the pen only appear after a few days in the sun.
Dec 01, 2015 8:18 PM EST
Amazon Prime Air gives customers a glimpse of the future of delivery in its new video
Amazon released a video demonstrating a working prototype of a hybrid drone promising to deliver goods to customers in 30 minutes or less.
Dec 01, 2015 8:14 PM EST
Swatch Group Teamed with Visa to develop watch capable of wireless payments in 2016
Swatch Group AG partnered up with Visa Inc to sell mobile payment watch called Swatch Bellamy that can make contactless payments in the United States, Brazil, and Switzerland early 2016.
Dec 01, 2015 8:12 PM EST
U.S.Gas Price Hit The Lowest in Seven Years
Gas price all across U.S is reaching its lowest since 2008, with Michigan as the lowest in all states.
Dec 01, 2015 5:41 AM EST
Google Recruited Tesla's Autopilot Manager
Robert Rose who lead the Tesla autopilot project has been hired by Google to work in Google Robotics.
Dec 01, 2015 5:32 AM EST
Experts and Property Companies Doubt George Osborne Housing Plan
Britain's Finance Minister George Osborne annnounced that housing is the biggest priority in his 2015 bi-annual budget review in the House of Commons.
Dec 01, 2015 5:28 AM EST
Oil prices strife ahead of OPEC meeting
All eyes on the forthcoming OPEC meeting as oil prices are reeling under pressure amid the global glut in oil supplies and surging US dollar are impacting severely. The US inventories rose to highest in the past eight decades.
Dec 01, 2015 4:24 AM EST
Tokyo stocks fell amid concerns over Japan’s weaker industrial production
Japanese stock fell after data showed that Japan's industrial production fell short of expectations in October. All but three of 33 industry groups of the Topix index took a dive.
Dec 01, 2015 4:11 AM EST
Amazon unveiled its new drone prototype
Amazon showed off a new drone prototype for its planned 30-minute unmanned delivery service. The prototype shows that the drone used by the company will be able to deliver a package at a speed of 55 mph.
Dec 01, 2015 4:09 AM EST
Sweden’s economic growth in third quarter beats expectations
Sweden's third quarter economic growth was double than the rate predicted. The economy grew 0.8 percent while analysts forecasted 0.4 percent from the second quarter 2015. Exports rose by 2.1 percent while the private consumption rose 0.7 percent.
Dec 01, 2015 2:33 AM EST
Shell Chemical to expand alpha olefins production plant in Louisiana
Shell Chemical will expand its petrochemical site to produce alpha olefins chemicals in Louisiana. The company will invest $17 million for the expansion. The construction will begin in the first quarter of 2016.
Dec 01, 2015 2:30 AM EST
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