Articles by Staff Writer

Defective Takata airbags count lower than estimate

Original count of defective airbag inflators higher than NHTSA count due to double counting. This number covers 11 different car manufacturers and is much lower than the original estimate of 34 million. Around 4 million airbags need repair and 19 million vehicles are involved in the recall.

Sep 02, 2015 05:28 AM EDT


The rise of Robo Advisors in wealth management

The rise of robo-advisors is a big issue among investment firms these days. Is it a boon or is it headed to its doom? Robo-advisers were developed on the premise that most of what the Registered Investment Advisors (RIA) do can be replicated by advanced software.

Sep 02, 2015 05:24 AM EDT


Calpers and Calstrs oppose amendment in Bylaws at Bank of America to combine CEO, chairman role

The California Public Employees’ Retirement System and the California State Teachers’ Retirement System joined forces to oppose corporate bylaw changes at the Bank of America Corp to stop Brian Moynihan from becoming both chief executive and chairman.

Sep 02, 2015 05:23 AM EDT


McDonalds McMuffins will be available all day long starting October 6

McDonald's gave in to 120,000 customer requests to serve breakfast items all day. For a few months, McDonald's has been hearing customers saying how much they wanted to have an Egg McMuffin not only for breakfast but any time of the day.

Sep 02, 2015 03:42 AM EDT


Valeant partners with AstraZeneca for psoriasis drug

AstraZeneca and Valeant Pharmaceuticals share rights to latest psoriasis drug brodalumab in a deal amounting to more than $400 million.

Sep 02, 2015 03:21 AM EDT


Canada slides into recession as oil prices dip

Canada is now officially in a recession after registering two consecutive quarters of negative growth. The oil exporting economy was particularly hit hard by slumping oil prices, which are now half their level last year.

Sep 02, 2015 03:17 AM EDT


KMART pays $1.4M under False Claims Act

Kmart paid $1.4 million for violating the False Claims Act, said the U.S. Justice Department Tuesday. The Sears Holdings Corp.-owned chain illegally used drug manufacturer coupons and gasoline discounts to invite elderly Medicare healthcare insurance beneficiaries to fill their pharmacies' prescriptions.

Sep 02, 2015 03:17 AM EDT


Make Good Fortune Flying your Drones

Your drone can give you great fortune, that is if you know how to fly your drone and comply with the rules. You can make money flying your drone.

Sep 02, 2015 03:14 AM EDT


Irish Gambler John McManus seeks $5.22 Million tax refund from IRS citing international treaty

One of Ireland’s richest, horserace owner and businessman John P. McManus is asking for $5.2 million from the U.S. government, which was wrongfully withheld from his $17.4 million gambling winnings to cover taxes.

Sep 02, 2015 03:09 AM EDT


Keep calm: Intelligent Energy can make iPhone batteries last for a week

Intelligent Energy which is a British hydrogen fuel cell maker and a green energy company said it's not theoretical, far-off dream and claimed to have built a battery that definitely fits an iPhone6 and requires no charging of up to seven days.

Sep 02, 2015 03:05 AM EDT


Honda opens first compressed natural gas fueling station in Ohio despite CNG civic being discontinued

Honda recently opened its first CNG refuelling station at its campus in Marysville, Ohio. Honda Motor Co. was one of North America's leading proponents of natural gas in vehicles for more than 16 years.

Sep 02, 2015 02:48 AM EDT


When it's fine to save in your child's name for their college education

Student assets are heavily counted in need-based college aid eligibility at 20-25%, while parents’ assets are only treated at 5.64 – 5%, which is why people opt not to save under their child’s name. But there are exemptions to this.

Sep 02, 2015 02:46 AM EDT


Apple to move into original programming and compete with video streaming companies

Apple is into talks with Hollywood to move into the original programming business to compete with video streaming companies.

Sep 02, 2015 02:44 AM EDT


Sony's crowdfunded smartwatch packs all its tech in the wristband, not the watch face

Sony has been developing innovative crowd funded projects, and its latest one at the moment is its Wena Wrist watch, which looks like the traditional watch, but with all the technology contained in the wristband, not the face.

Sep 02, 2015 12:11 AM EDT


LinkedIn revamps Its Messaging tool to keep up with more casual chat-like apps

LinkedIn revamps its messaging platform to a more chat-like app to make it easier, faster and more fun for people to use.

Sep 02, 2015 12:09 AM EDT


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