Feds give Shell go signal to drill for oil in Arctic Ocean off Alaska
US federal government gives two thumbs up for Royal Dutch Shell to start drilling in the Arctic Ocean this summer.
Aug 19, 2015 12:57 AM EDT
Citigroup pays $180M over collapsed hedge funds, More than seven years after the financial crisis
Citigroup has agreed to pay almost $180 million to investors to settle allegations of making false representations on hedge funds that collapsed during the financial crisis.
IRS reveals cyberattacks on tax returns more extensive than previously reported
The IRS revealed Monday that hackers gained access to 330,000 accounts and tried to penetrate 280,000 other accounts. These numbers are twice as much as what was earlier reported in May.
FCC denies $3.3B subsidy claim of Dish Network
The Federal Communications Commission prohibits Dish Network Corp. from availing the $3.3 billion credit to get more airwaves through spectrum.
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XYZ to host Google's Alphabet, Inc. but owner says the domain is not for sale
The 29-year-old owner of .xyz domain, Daniel Negari, was overwhelmed when he found out that Google will use xyz for its umbrella company, Alphabet Inc. But he told the reports it is not currently for sale.
Aug 18, 2015 7:39 AM EDT
Amazon CEO Jeff Bezos: Amazon is not a jungle
Jeff Bezos, the Amazon CEO counters the recent report appeared on the New York Times that Amazon is carrying out cruel practices to its employees.
Aug 18, 2015 7:36 AM EDT
Mixed news regarding the economy ultimately leads to rising U.S. stocks
Two market forces acting on opposite ends of the economy ultimately lead to rising U.S. stocks. The rate of manufacturing slowing down within the state has plunged to near historic levels while the world was caught by surprise as China's yuan was devalued last week.
Aug 18, 2015 7:32 AM EDT
Figures reduced anew for Teach for America participants
Teacher applicants for Teachers for America are getting less each year. Reasons include complaints from students and teachers as well saying that teachers for TFA are unprepared and lacks knowledge and needs counseling before they start teaching.
Aug 18, 2015 7:20 AM EDT
Oracle banks on Twitter and to a more sociable business environment
Twitter teams up with Oracle and Sprout Social to collect insights from consumers which would be beneficial to companies in building their products.
Aug 18, 2015 7:11 AM EDT
Indigo Airlines Confirms Order of $26.6B worth Airbus Jets
Largest budget airline in India confirms $26.6B deal with Airbus to purchase jets. IndiGo is the largest local airline in India in terms of market share.
Aug 18, 2015 7:03 AM EDT
Grain Leader Cargill Buys Salmon Market Leader EWOS for $1.5B
Cargill agrees to buy EWOS in a deal that would also make the grain market provider a leader in aquaculture business.
Aug 18, 2015 6:53 AM EDT
Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people
Puerto Rico is increasing its sales tax to 11.5% from 7% on July in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country’s bottom line and its countless poor people.
Aug 18, 2015 6:50 AM EDT
America Movil to cut roaming charges to prevent AT&T from stealing market shares in Mexico
As AT&T moves to Mexico, America Movil announced that it would eliminate its roaming charges to prevent its rival from stealing the market share in their home turf.
Aug 18, 2015 6:48 AM EDT
New York Manufacturing Index shrinks to -14.92 level; its lowest since 2009
A New York Federal Reserve survey reveals that manufacturing activity in the state has dropped to the lowest point since 2009.
Aug 18, 2015 4:50 AM EDT
BP faces over $28 million fine as FERC judge upheld price rigging charges
FERC issued a Show Cause Order to BP for the $28 million fine over price rigging charges in 2008. This is the latest among a series of multi-million cases against BP.
Aug 18, 2015 4:47 AM EDT
Star Wars Galaxy will soon land in Disney theme parks
Disney announces plans to add their biggest themed parks to date. Guests will be transported to a whole new Star Wars world.
Aug 17, 2015 9:26 AM EDT