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Designer Paul Smith reorganized his fashion empire after worst performing annual profit

Britain fashion icon Paul Smith reorganized his company after annual profits halved into the lowest levels since its 40-year existence.

Dec 13, 2015 1:43 AM EST

News

Qualcomm requires Three-Year stake holding before nominating for proxy

Qualcomm Inc. changed its proxy rules requiring shareholders to have their stake in the company for at least three years.

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Bloom Lake iron-ore mine in Quebec now has a buyer after suffering massive losses

Champion Iron Ltd. bought Bloom Lake iron ore mine in Quebec for an amount of $10.5 million after the miner crumbled down a year ago for suffering massive losses

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CBS CEO said Apple paused TV subscription making it hard for broadcasting firms to coordinate

CBS Corp. Chief Executive Officer Les Moonves said that Apple put on hold its TV subscription plans.

Air Force to double drone squadrons in US, abroad

The Air Force announced Thursday that it plans to increase the numbers of its drone squadrons from eight to seventeen.

Dec 12, 2015 9:27 PM EST

Painkillers, Heroin increase US overdose cases

Powerful opioid painkillers and heroin are the leading causes of drug overdose in the US, according to new statistics from the Centers for Disease Control and Prevention.

Dec 12, 2015 9:13 PM EST

Golden Globes Nominees: We Like to Netflix and Chill Too

The nominations have been announced for the 73rd Golden Globe Awards and the majority of the nominees are from the on-demand viewing channels instead of broadcast TV.

Dec 12, 2015 8:26 AM EST

Yahoo! Mail now allows Gmail accounts access

Yahoo Mail added Gmail account access on it's new app with smarter contacts manager and some extra new features.

Dec 12, 2015 3:28 AM EST

Malaysia Airport seeks owner of Boeing 747s left at KLIA

Three aircraft were left abandoned in Kuala Lumpur International Airport (KLIA). When nobody came forward, operators were forced to advertise that if nobody claims it, they can sell the property. The three aircraft include two passenger aircraft and one cargo plane.

Dec 12, 2015 3:07 AM EST

Generous Texas billionaire gave each employee $100,000 incentive

Hilcorp Energy Co. founder and CEO Jeffrey Hildebrand gave each of his 1,381 employees $100,000 for hitting its goal of doubling production rate in its oilfield, has reserve, equity value, and net oil in a span of five years.

Dec 11, 2015 8:31 PM EST

Ford invests $4.5B on electric vehicles to comply with federal regulations

Ford will invest $4.5 billion on electric vehicles by 2020 to conform to federal fuel-efficiency regulations, but most especially, to provide for the customers’ needs.

Dec 11, 2015 8:06 PM EST

Saudi election finally includes women, also allowing them to vote

Women are now allowed to run for municipal council in Saudi Arabia. They are also allowed to vote. This is a step forward towards providing equal rights for women in the strict Saudi society.

Dec 11, 2015 8:00 PM EST

LG Electronics CEO was Vindicated from Vandalism on Samsung Washing Machine

LG Executive accused of vandalizing Samsung washing machine during 2014 Berlin electronics trade fair but was found not guilty.

Dec 11, 2015 10:35 AM EST

Uber Launched Desktop App on Windows 10

Uber created a desktop app to enable users hail a ride from their desktop. Unfortunately, the app is unable to work on its own.

Dec 11, 2015 10:26 AM EST

Oil slump major risk for Malaysia debt

The debt-ridden 1Malaysia Development Bhd (1MDB) is in the process of selling assets to reduce its debt. Though it has already identified buyers for its asset sale, investors say the oil price slump is the major concern over the nation's financial situation. Oil revenues account for 22 percent of total Malaysian government revenues. The government is planning to impose higher taxes to compensate oil price drop.

Dec 11, 2015 10:18 AM EST

Morgan Stanley in $225 million deal with U.S. regulator

National Credit Union Administration (NCUA) filed lawsuits against banking lenders includng Morgan Stanley for allegedly selling faulty mortgage-backed securities. Morgan Stanley without admiting its fault, has agreed to pay $225 million to seele the claims. The total value of such claims recovered by NCUA reached to $2.43 billion since 2011.

Dec 11, 2015 10:09 AM EST