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US export companies look to other shores as EXIM shuts down

The US companies engaged in foreign trade and aviation firms find it difficult to run the show following the closure of the US Export-Import Bank (EXIM). This causes non-availability of export financing and loan guarantee for the US companies. As a result, many comapnies are planning to shift out of the US to establish units overseas. Aerospace Industries Association is lobbying with Congress members for revival of EXIM.

Sep 21, 2015 9:50 PM EDT


August crash impacts JPMorgan's trading revenues

JPMorgan Chase & Co has indicated the possible drop in trading revenues for the third quarter following the market crash in August. The bank has alo cautioned that if interest rate is inncreased then it'll cause high volatility in treasuries market. JPMorgan is expanding its retail operations network by setting up 100 new branches over next two years.

Sep 21, 2015 2:10 AM EDT


Mitsubishi Motors in US calls it a day

Mitsubishi Motors is closing down its US operations following high production costs and low volumes. The Japanese automobile major was hit by strong US dollar that makes imports attractive.

Sep 21, 2015 2:02 AM EDT


Can Amazon's new 4K-ready Fire TV wipe the new Apple TV off the map?

Amazon announces new Fire TV, along with various upgrades and amazing products that can easily compete with Apple's new Apple TV.

Sep 21, 2015 1:59 AM EDT


Goldman Sachs shares video ad on Snapchat to recruit millennials

Goldman Sachs wants to recruit millennials. In fact, they shared a recruitment video ad on Snapchat to attract young workers.

Sep 20, 2015 11:58 PM EDT


Modoll Project introduces Lindsey Wixson in its first 3D-printed supermodel doll

Expert photographers Santiago and Mauricio came up with a 3D-printed doll of supermodel Lindsey Wixson. The first 3D-printed doll is called Modoll.

Sep 20, 2015 11:57 PM EDT


Pinterest reached 100 million users, will add 'Buyable Pins'

Pinterest announced that it had reached 100 million monthly active users. The company plans to expand, adding buy buttons soon.

Sep 20, 2015 11:40 PM EDT


New rules to relief Cuba embargo laid out by White House

White House is laying out new rules to lessen the pressure on Cuba embargo. Businesses such as telecommunication and banking will be allowed to establish through joint ventures with Cuban firms like Etesca.

Sep 20, 2015 11:35 PM EDT


Google is revamping the Glass as Project Aura

Google is reinventing Google Glass as Project Aura. Features like gesture sensing and virtual reality platform are said to be included on the project they started working out in June.

Sep 20, 2015 11:34 PM EDT


Honda's 2016 Civic could be the car of the future

As many car companies began recalling their cars, Honda unveiled it's latest car with built-in technology. Aside from the added great features, two of the most utilized operating systems can be used - the Apple CarPlay and the Android Auto.

Sep 20, 2015 11:32 PM EDT


Cuba renews drive for UN to condemn US embargo

Cuba is marshaling United Nations support against the US embargo that it says crippled its economy over five decades. Among the Communist state's supporters are President Obama and Pope Francis, who is visiting the Communist state this week.

Sep 20, 2015 11:16 PM EDT


American Airlines halted U.S. flights after a technical problem

American Airlines had grounded its flights Thursday afternoon. This is due to the airline's computer glitch. Flights had been resumed after two hours.

Sep 20, 2015 10:48 PM EDT


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