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News

The New Margaritaville Hollywood Beach Resort: Jimmy Buffett-themed resort officially opens with the star taking the stage

Margaritaville Hollywood Beach Resort just opened to the public. On the other hand, the rain didn't stop Jimmy Buffet from performing at the debut of the Margaritaville Beach Resort.

Nov 16, 2015 5:40 AM EST

News

Marc Andreessen sold $160 million worth of his Facebook Shares

Marc Andreessen has sold almost 75 percent of his Facebook stock in the last two weeks based on SEC filings. According to the same filings, 1.5 millions of shares has been sold by Andreessen.

News

Visa working on Blockchain-based remittance project

Visa Inc's subsidiary Visa Europe is working on Blockchain-based remittance project. The Blockchain remittance system is expected to ensure speedy, hassle-free and low fee-based international remittances.

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ISIS selling oil to Syria

ISIS is selling oil to enemy countries such as Israel and other nations including Turkey and Syria. ISIS is exporting Iraqi crude oil to Turkey refineries. It's estimated that ISIS is making over $1 million revenues a day through oil sale.

Samsung Galaxy S7 and S7 Edge are expected to launch in January 2016

Samsung's new smartphones Galaxy S7 and its sibling S7 Edge are reportedly on tests at AT&T network. This leak suggested that the phones will be launched earlier than expected, in January 2016.

Nov 16, 2015 3:20 AM EST

US Fed may hike interest rate in December

The top officials at US Federal Reserve are indicating a possible rise in interest rate in next December meeting if economic data is supportive. On the other hand, the rising dollar and weak global economy are impacting US exports, while easing pressure on imports.

Nov 16, 2015 3:05 AM EST

Alibaba Group may acquire SCMP group

Alibaba Group, a China-based e-commerce major, is said to be in negotiations to acquire SCMP Group, which runs China Daily. Alibaba is investing in media companies.

Nov 16, 2015 3:01 AM EST

Zuckerberg Explained Facebook's Safety Check Activation after Paris Attacks

Mark Zuckerberg explained the rarely Safety Check tool to enable people marked themselves as safe. Safety Check tools was activated after Islamic States' terrorist attack in Paris.

Nov 16, 2015 1:48 AM EST

Russian GDP shrinks 4.1% in Q3; fall rate eases

Russian GDP fell 4.1% during the third quarter, but it slowed down when compared with the second quarter's drop of 4.6%. The Western sanctions, oil price drop and lower investment activity are taking a toll on the Russian economy. The oil and gas sector is a major contributor to the Russian economy.

Nov 16, 2015 1:16 AM EST

Uber signs multi-year digital mapping deal with TomTom

Uber has signed a global multi-year deal with Dutch mapping company, TomTom. Uber will use maps and traffic data from TomTom on its navigation for Uber drivers.

Nov 15, 2015 10:30 PM EST

Starbucks offers new perks to military veterans

With 5,500 veterans hired to date, Starbucks has surpassed the half-way mark toward its goal. But hiring is only one part of the story. Starbucks is on a mission to help bridge a disconnect between the military and civilians while honoring the service and sacrifice of veterans and military spouses.

Nov 15, 2015 10:00 PM EST

McDonald's drops realty, focuses on turnaround plan

McDonald's has dropped the plan of spinning off its real estate assets to Real Estate Investment Trust (REIT) and instead it'll focus on turnaround plan. The hamburger chain is also expanding its restarant network on franchise basis. McDonald's is also changing its menu list and process of products to alure more number of diners. It has also increased dividend payout to shareholders.

Nov 15, 2015 6:18 AM EST

Major oil firms have biggest war chests for takeovers

The top six oil companies have combined warchest of $0.5 trillion to support takeovers. The world's top six oil companies are ExxonMobil, Chevron, BP Plc, Shell, ConocoPhillips and Total. With lions' share of $320 billion funds, ExxonMobil Corp is leading the list ot top oil comanies with huge liqudity in cash and stock.

Nov 15, 2015 6:04 AM EST

Paris-Based Fashion Brands Wants lawsuit to continue against Alibaba

Kaering SA, parent company of brands such as Yves Saint Laurent and Gucci suing Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate.

Nov 15, 2015 5:51 AM EST

Apple’s ‘Liquid Expulsion’ will make your iPhone more water resistant

Apple was recently granted a new patent to make its devices more water resistant. The invention will enable the device to repel water from speaker and microphone cavities.

Nov 15, 2015 5:36 AM EST

Bargain buying creates robust US demand for gold

The August market crash and other adverse conditions in the global economy had created robust demand for the yellow metal in the US. Amercians concerned over market mayhem started buying gold bards and coins boosting the demand growth by a whopping 207 percent. during the third quarter. Equity analysts term it as bargain buying of US investors that pushed god demand spriraling up.

Nov 15, 2015 5:28 AM EST