North Korean Nuke Testing and Oil Price Fall Plunges Dow Jones in First Week of 2016
Rising global concerns in first week 2016 including North Korean nuke testing, fall in oil prices, sluggishness of Chinese economy, middle east tension, reservation by Federal Reserve to raise interest rates plunged Dow Jones. Markets in Europe and Asia fell as well.
Jan 12, 2016 7:00 AM EST
Martin Shkreli's $5 Million Bail Was Secured With His E-Trade Account
Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-Trade account.
Dense Fog Halts Delhi Airport For 6 Hours, Further Deterioration Feared
Delhi residents have been witnessing chilling cold, drizzling and heavy fog. The Fog is so dense that visibility range has been reported to remain around 75 meters during 10 am to 4 pm. Despite adopting highest ILS, CAT IIIB, air movement has been kept stalled for around 6 hours. According to IGIA met office partly thundery weather may prevail on Sunday next.
Scientists found that century-old Alexander Keith's found at Halifax Harbour is in fact beer
The 125-year-old bottle of Alexander Keith's found at the bottom of the Halifax Harbour last year is confirmed by scientists as drinkable beer.
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Oracle billionaire sold controlling interest in his Hawaiian Island Air
Oracle billionaire Larry Ellison's Ohana Airline Holdings LLC will sell a controlling interest of Island Air to venture capital investment company PacifiCap.
Jan 11, 2016 6:14 AM EST
United Airlines fined $2.75M for mistreating disable passengers, making travellers wait
The United Airlines was fined $2.75 million by the U.S. Transportation Department for violating the tarmac-delay rule and mistreating passengers with disability.
Jan 11, 2016 5:33 AM EST
McDonald’s gets a multi-color makeover as CEO pushes the company to be a modern, progressive burger company
McDonald’s launched a new makeover for its packaging using bold, bright colors on cups, boxes, and bags that will become more appealing to customers.
Jan 10, 2016 10:05 PM EST
Philippine Peso, this week’s least loser among emerging Asian market
The Philippine peso is the least loser among emerging-market in Asia this week, thanks to the remittance from its overseas workers and outsourcing industry, which shielded it from the Chinese economic slowdown and increase in US interest rates.
Jan 10, 2016 10:02 PM EST
IRS Fines 8 Million Americans, 0.3 Million of Them From Low Income Group
IRS has fined some 8 million people and 1.4 million households are forecast to fall prey of fines due to ignorance on new healthcare law. Commonly criticized as the Obama Care Law, the new law instructs all Americans to go through insurance net. But mainly due to ignorance about mandatory submission of tax returns and moreover legally remain exempted from tax net, have fall victim to count fine for $210 each.
Jan 10, 2016 9:50 PM EST
HSBC and JPMorgan Well Ahead In ARAMCO IPO Race
State owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.
Jan 10, 2016 9:45 PM EST
5 US airlines hike base fares
The US-based five airlines - Delta, Southwest, American, United and Virgin America have raised base fare on domestic travel. The hike is effective for corporate, leisure and discounted fares. Airlines are bullish on margins as business travel is expected to be stable even leisure travel takes a dip. The five airlines control 80 percent of the US domestic travel. Airlines are set to post surge in operational profits owing to lower fuel costs.
Jan 08, 2016 4:56 AM EST
Stocks tumble on China instability amid further devaluation of Yuan
The instability in Chinese economy, after the dragon country devalued Yuan for eighth time, has created tremors across the global bourses. All the sectors fell in the range of 0.4 percent to 1.8 percent on the Wall Street. Safe haven yellow metal gained four percent in 2016. Chinese CSI 300 index fell 7%.
Jan 07, 2016 7:04 PM EST
Lenovo's New X1 Line Major focus is Flexibility
Lenovo introduced new products to its X1 line at the CES 2016. Some of the notable products include the X1 Yoga, the X1 Tablet, and ThinkCentre X1 Desktop.
Jan 07, 2016 6:53 PM EST
The BMW i Vision Future Interaction: BMW's Vision for an Autonomous Driving Future
BMW unveiled their concept car called the BMW i Vision Future Interaction at the 2016 CES. The car's system creates an environment for the driver where he or she can interact with the car wirelessly and intuitively.
Jan 07, 2016 6:50 PM EST
Ford upbeat on self-driving cars, to invest $4.5 billion
Ford Motor is investing about $4.5 billion in developing electric vehicles. Contrary to unconfirmed news that Ford and Google working together on developing driverless cars, Ford Motor President Mark Fields didn't mention about this association in his speech at CES-2016. Fields is very keen on exploring the $5.4 trillion transportation services segment.
Jan 07, 2016 5:03 AM EST
Watch out for gold, oil, airlines in 2016
The year 2016 is expected to be positive for gold, oil and airlines segments. The sluggish real growth will propel gold prices. After declining for 18 months, oil price technically may make a rebound. Lower fuel costs and rising passenger traffic propel airlines to make more profits this year.
Jan 07, 2016 4:58 AM EST
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