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News

Oshkosh wins $6.75B defense contract to build Humvee replacement

Oshkosh wins bid to manufacture JLTVs for $6.75B. The US Department of Defense has been looking for a replacement of the Humvee a short time after the war in Iraq became deadly in 2004.

Aug 28, 2015 4:30 AM EDT

News

Floyd Mayweather’s latest car costs only $4.8M

Floyd Mayweather, one of the flashiest athletes in the world, shows off his latest addition to his car collection.

News

Punch Taverns sells 158 pubs to NewRiver; Deal Closed at £53.5M

NewRiver acquires 158 non-core pubs of Pub Taverns for £53.5 million. Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.

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Toms Shoes CEO takes 12-week paternity leave; applauded by employees

Blake Mycoskie of Toms Shoes set an example to employees by taking a 12-week parental leave. Toms Shoes provides their employees with parental leave of at least 8 weeks where they get full payment.

Class suit filed versus automakers for 'deadly' keyless ignitions

Ten major car brands are sued in a class act for allegedly concealing the dangers behind keyless ignition, which leads to carbon monoxide poisoning.

Aug 28, 2015 4:18 AM EDT

America Makes' $8M funding for commercialization of new technologies

America Makes (National Additive Manufacturing Innovation Institute, is supporting R&D projects in developing new technology applications in additive manufacturing. The institute has announced $8-million funding with a matching cost of $11mn to nine projects taken up by universities and corporate companies.

Aug 28, 2015 2:10 AM EDT

Rise in durable goods orders to push US Q3 GDP to 2.8%

The growth in durable goods orders in July has made many financial firms to revise growth forecasts on US GDP upwards for the third quarter.

Aug 27, 2015 5:35 AM EDT

Gasoline prices in the Midwest to Drop after BP Restarts Refinery, Gas Prices May Continue to Drop until Labor Day

BP restarted its refinery outside of Chicago, promising the gasoline prices to go back down, after it spiked when its distillation unit broke down on August 8.

Aug 27, 2015 5:27 AM EDT

Starkist class action settlement gives consumers refund in cash or tuna

Starkist Tuna settled a lawsuit accusing them of under-filling their five-ounce tuna cans by a few tenths of an ounce. Now they must pay consumers with cash or tuna.

Aug 27, 2015 2:29 AM EDT

Despite slowdown, US services sector beats forecast

The drop in new businesses in the US services sector in early August caused slowdown in growth as PMI indicates in its latest analysis.

Aug 27, 2015 2:23 AM EDT

Former JPMorgan analyst Aggarwal charged for insider trading

A former analyst at JPMorgan and his two associates used the prior information regarding two acquisition plans in the technology sector and booked more than $600,000 illicit profit in the insider trading, Three were charged under several sections and produced before FBI, which is investigating the case.

Aug 27, 2015 2:20 AM EDT

Comcast's super-fast cable internet will surpass Google Fiber

Comcast has plans to offer consumers the new technology that will surpass Google Fiber with its 1 gigabit per second only service. Within 2 - 3 years, Comcast customers will be able to experience the new technology the company is going to serve them.

Aug 26, 2015 10:07 AM EDT

Home Care Workers Extra Compensation, But From Whose Pocket?

Health workers devote much of their time and almost half of their lives caring for people who they do not know and are not even blood-related. Because of their patience, hardships, concern, and devotion, frail and disable people young and old were able to maintain a quality life. So it is deserving for them to get a raise as ruled by the court on Friday.

Aug 26, 2015 10:02 AM EDT

Hawaii leads most expensive states in US; New York slips to 3rd position

In a latest survey on living standards in the US, Hawaii emerged most expensive state in America, while New York slipped to third position. the variation in energy bills, other amenities and prices of basic things were considered in the study.

Aug 26, 2015 10:01 AM EDT

Liquidity vacuum: GE suffers most since 1987 Black Monday

Global manufacturing giant GE's stock plummeted on Monday and Tuesday on Wall Street in the absence of any major news affecting the company's performance. The plunge of over 20% eroded the stock value by $53billion. Chinese factor after the central bank slashed interest rate, again created fresh bout of fears that dampened that market sentiment and reversing the rebound on Tuesday.

Aug 26, 2015 9:56 AM EDT

FAA recorded almost 700 drones and aircraft near collisions

Drone flying has been a major problem for FAA because these unmanned aerial vehicles have no pemission to scour restricted areas and should not lift off more than 400 feet or within five miles of any airport.

Aug 26, 2015 5:06 AM EDT