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Toshiba Restructuring is Backed By Public Fund

Japanese government prepared a state-backed fund to help Toshiba restructure its business.

Dec 31, 2015 01:05 AM EST


Toys R Us Closed Its Manhattan Flagship Store

Toys R Us closed its Times Square flagship store on Wednesday. The company is looking for a location for new store in Manhattan area.

Dec 31, 2015 12:49 AM EST


Spotify Was Sued $150 Million For Unpaid Royalties

Spotify the music streaming company is facing a $150 million class action suit from musicians over unpaid royalties

Dec 30, 2015 11:57 PM EST


The US Army retires its first ever drone

After 2 decades of service, the U.S. Army's first drone the Hunter UAS has now started its well-deserved retirement. The Army replaces the Hunter with the General Atomics Grey Eagle UAS.

Dec 30, 2015 08:36 PM EST


SeaWorld sues California over ban on killer whale breeding

SeaWorld sues the California Coastal Commission over the ruling that bans the company from breeding killer whales. The lawsuit says that the Commission's ruling is illegal as the whales are not part of the California marine environment.

Dec 30, 2015 08:26 PM EST


Resolution on Comfort Women May Benefit Japan, Korea and the Region

Resolution between South Korea and Japan regarding comfort women last Monday may benefit trade and security in the region.

Dec 30, 2015 07:22 PM EST


New Android Version Will Ditch Oracle's Proprietary Java API

Google will replace Java's Application Programming Interfaces (APIs) in the next version of Android. The decision was made over a long dispute with Oracle regarding the API.

Dec 30, 2015 04:30 AM EST


WHO declares Guinea free of Ebola transmissions

WHO has declared that Guinea was free of Ebola transmission, after two years of Ebola outbreak in the country. The disease killed more than 11,000 people across 10 countries including Guinea.

Dec 30, 2015 03:05 AM EST


Walter Energy wins court approval to stop paying retiree benefits

A federal judge published a ruling that approve the bankrupt U.S. company Walter Energy to stop paying retiree benefits to its employees and move forward to sell its assets.

Dec 30, 2015 03:09 AM EST


Energy investors hope forecasts by Saudi, Iran to go wrong

Energy investors and analysts feel that the price forecasts of Saudi Arabia and Iran are wrong. The realistic oil price may be $20 a barrel in short term if present oversupply persists. Saudi Arabia sees oil price at $29 a barrel and Iran at $40 in the near term. Saudi Arabia has slashed down its budget spending for 2016.

Dec 29, 2015 11:47 PM EST


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