US gasoline slips below $2; at 6-year low
The US gasoline average retail price slips below $2 per gallon as oversupply position in the global energy sector continued. The gasoline price at $1.999 per gallon is indicating its lowest in over six years. The US economy is witnessing a rare combination of falling price and rising demand. The recent decision by Opec not to reduce production level is keeping more pressure on global oil price.
Dec 21, 2015 3:47 AM EST
Mars Recalled Dove Chocolate Over Allergy Concern
Mars issued allergy alert for its Dove Chocolate Assortment Snowflake on December 18, due to undeclared peanuts, wheat and egg ingredient.
Packer is in discussion to take Crown's assets private
James Packer’s Consolidated Press Holdings is in speculation that it was going to team up with private equity and take parts of Crown Resorts private. The circulated news cause its share price to soar higher and was query by the Australian Stock Exchange.
Secret Santas pay $484,000 for Walmart layaway shoppers in three states
Mistery Santas gave Christmas gifts to Walmart's shoppers in three states by paying off their layaway orders. The total amount of anonymous donations reached $484,000.
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Is the Fed hike the silver bullet that can bring economic prosperity back?
The US Federal Reserve has increased the interest rate by quarter percentage. Will it bring back the economy to normal, asked the economists. Purely linking interest rate hike, inflation and oil price drop doesn't serve the purpose., caution economists. There's also associated risks for emerging markets as well, caution economists.
Dec 20, 2015 9:31 PM EST
Fiat Chrysler buys emission credits from rival auto majors
Fiat Chrysler Automobiles NV has purchased 5.5 million emission credits from Toyota and Honda. Another one million credits from Tesla. Fiat Chrysler ended 2014 with a credit balance and without this purchase also, it would have been emission compliant, according to a report from the Environmental Protection Agency. Fiat Chrysler ranks last in fuel efficiency when compared with rival auto majors.
Dec 20, 2015 9:23 PM EST
Man resurrects 1955 Chevy Bel Air beyond former glory
Gary Holyoak is a resident of Cedar City, Utah who grew up with a 1955 Chevy Bel Air and plans to resurrect the car, putting LS3 Power and an Art Morrison Chassis on the classic.
Dec 20, 2015 4:43 PM EST
Tax Extenders Bill will benefit America's startup sector in a big way
The new $622 billion tax package the House of Representatives approved on Thursday will benefit greatly from this.
Dec 19, 2015 2:35 AM EST
Star Wars fan goes on epic rant after Egypt cancelled the movie due to faulty copy
IMAX Theatres in Egypt cancelled the screening of Star Wars: The Force Awakens sending one fan into an epic rant against the theatre company.
Dec 19, 2015 12:45 AM EST
Trader Joe's recalls 'shattering and bursting' bottles
Trader Joe's will recall its carbonated, non-alcoholic beverage called Triple Ginger Brew after customers reported that unopened bottles exploded.
Dec 19, 2015 12:40 AM EST
New tax deal best for parents, low-income earners, students
The newly passed $650 billion tax bill the House of Representative will benefit greatly the parents, low-income families, teachers, mass commuters, and the students.
Dec 19, 2015 12:38 AM EST
What Happens To Student Loans When the Fed Raises Rates
The Federal Reserve increase in interest rates will not have any dramatic changes on student loans interest rates, but it depends on the market benchmark rate.
Dec 19, 2015 12:35 AM EST
Black presence on U.S. Boards decrease due to stronger influence of activist hedge funds
There are lesser African-Americans in executive positions in boardrooms in top US companies now than there were before.
Dec 19, 2015 12:31 AM EST
Former Intel President Joins Oracle as Independent Director
Renee James, former president of Intel Corp. joins Oracle Board as one of the Directors. Renee James, who was one of the top executive in Intel Corp. joined Oracle as one of the members of the company's board of directors.
Dec 18, 2015 10:16 PM EST
Village Doctor in Cambodia Infected 280 People with HIV
Unlicensed doctor infected 280 people in Cambodia with HIV because of reusing the syringe. Cambodia has its own style of medical treatment, which almost everyone that sees a doctor or come to a hospital will be given an injection or intravenous drip.
Dec 18, 2015 10:15 PM EST
Black Lives Matter & Mall of America in Loggerheads: One Fights For Causes, Another Secures Property
Black Lives Matter, a rights organization, appears in loggerheads with the Mall of America, while announcing a rally on next Wednesday at the latter’s premises unlike previous year, protesting the gruesome killing of Jamar Clerk, a black youth of 24 years, allegedly due to the shooting of two Minneapolis police officer. Since the mall is private property, so authority of the mall, empowered with related court order, vows to protect its guests even through dispersing the protesters.
Dec 18, 2015 5:50 AM EST