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News

Russia's military campaign in Syria propels oil prices

Russian president's military activity against Syria slightly raised the price of oil in the world market. According to some this is what he really wants and the bombing campaign in Syria is intended for the west-backed rebels seen as a threat to the Russian ally regime and Syrian President Bashar al- Assad.

Oct 16, 2015 5:58 AM EDT

News

Stock market volatility forces Albertsons to delay IPO

Just a couple of hours after CNBC released Albertsons Companies' intent of rescheduling their IPO due to market volatility, the news website has now made another recent update detailing Albertsons' plans on conducting their IPO before Thanksgiving.

News

Brookfield's $6.5-bn Asciano bid in regulatory fiasco

The $6.5-bn acquisition offer to Asciano Ltd by Brookfield Infrastructure Partners is landed in trouble as the Australian regulator seeks an extensive review following the concern raised by the country's competition watchdog. It postponed its decision till 17 December.

News

Square Files for IPO despite of $77.6 million loss

Square Inc. had filed for an IPO on Wednesday and the company is expected to be listed on NYSE soon. The company is currenlty valued at $6 billion by analysts.

Anheuser-Busch InBev's takeover of SABMiller to realign global beer industry

Anheuser-Busch InBev's plan to acquire SABMiller Plc is expected to change the business dynamics in the global beer industry. This titanic takeover is considered to be the largest one this year and fourth largest takeover in the corporate history. Anheuser-Busch InBev is acquiring SABMiller for $104.2 billion. The deal is awaiting regulatory approvals.

Oct 15, 2015 10:56 PM EDT

First Data Corp. Raises $2.56 Billion in Initial Public Offering

First Data Corp. managed to raise $2.56 billion worth of shares, but is still lower than the expected at $16 a share.

Oct 15, 2015 10:53 PM EDT

AltaGas LNG export plans on hold over import tax dispute

AltaGas Ltd has put its investment plan of C$600 million ($464mn) on hold over an ongoing dispute over tax on imported equipment. AltaGas has drawn a plan to export liquified natural gas (LNG), but couldn't take it forward as it's involved over a tax dispute with government. AltaGas expects a positive decision from government next month.

Oct 15, 2015 10:33 PM EDT

KickStarter bans laser-powered razor campaign for lack of working prototype

Kickstarter has just banned Skarp's fundraising campaign for its failure to provide evidence of a working prototype. Skarp has since moved its campaign to IndieGogo.

Oct 15, 2015 10:28 PM EDT

Qatar vs Etihad Airways: Which has the best Business class?

Qatar and Etihad Airways are one of the leading airlines in the Middle East. When it comes to their Business class, the two airways had been showcasing their best services.

Oct 15, 2015 8:57 AM EDT

Singapore Airline Launch A350-900 Ultra-Long Range For Nonstop Flight to US

Singapore's flag carrier added A350-900 Ultra-Long Range on their existing firm orders for 63 A350-900s. The new aircraft will be used for the Singapore to US route since it has the capability to fly 19 hours flight.

Oct 15, 2015 8:53 AM EDT

National Geographic's Andrew Coleman in his Memorable Wildlife-Viewing Experience in Borneo

Borneo is the home of a great number of wildlife species. Andrew Coleman, the vice president of Digital at the National Geographic Travel and an avid photographer explores Borneo wildlife and documented his unforgettable encounters with the different endemic species.

Oct 15, 2015 8:49 AM EDT

American Airline Flight Attendants Booed by their Passengers as they Forced a Woman to Get off the Plane

A woman was ousted at the American Airlines after the flight attendants force her to get off. The reason shew was kick out because she didn't listen to a flight attendant telling her to sit down. The passengers of the airline witnessed the incident thinking the woman was unfairly force out.

Oct 15, 2015 8:45 AM EDT

Netflix blames 'involuntary churns' for dive in profits

Netflix said that the dropped in its subscriber for this quarter is mainly due to the "Involuntary Churns" when banks roll out new credit card for its customers. The company said in a letter to its shareholders after the company recorded a lower than expected revenue for its third quarter earnings.

Oct 15, 2015 8:41 AM EDT

Wal-Mart shares tumble as profit forecast to drop

Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop.

Oct 15, 2015 8:31 AM EDT

Square suffers $5.7mn loss from single seller, files IPO

Payments startup Square is going for an initial public offer (IPO) and mentions in the filing to Securities Exchange Commission (SEC) that the fraud could be a major hurdle for it. Square was target of hacking as a single seller used its payment services resulting in a huge loss of $5.7mn for the e-Commerce startup.

Oct 15, 2015 8:20 AM EDT

Hongkong Palace, the Best Place to Eat Authentic Chinese Food in DC

While in DC and craving Chinese food, Hongkong Palace offers Chinese food that is surely authentic and delicious. There are a lot of choices in the menus and its surprisingly affordable.

Oct 15, 2015 8:18 AM EDT