Articles by Staff Writer

Regulators penalized BMW $40M for slow mini car recall

U.S. safety regulators have fined BMW with up to $40 million for failing to conduct prompt recalls notification. The company signed a consent order which clarifies that if it failed to comply or broke other safety regulations, it will be fined with additional $20 million. However, the company did not respond to requests for interviews.

Dec 27, 2015 04:10 AM EST


Ways to produce money in college with no job

It is tough for a college student to manage studies and regular job at the same time. However, some ways like selling unwanted stuff and doing online writing can make you earn money fast. There are multiple other ways through which a college student can earn money with no job.

Dec 27, 2015 04:06 AM EST


Mexico's Pemex to slash down jobs in 2016

Mexico state-run oil major Petroleos Mexicanos (Pemex) may reduce jobs in 2016 as part of its restructuring plan. The company is keen on making partnerships along the production chain. Pemex may tap private capital for funding the business strengthening operations.

Dec 26, 2015 08:19 PM EST


JPMorgan alerts Japan Inc to brace up for ¥100/USD

The latest forecast form JPMorgan Chase & Co has alerted the Japanese industry to be ready for the rising Yen to ¥100/USD in 2016 from the current 121. However, it also said that the surge in currency value may not harm drastically. Contrary to this, another survey carried out by Nikkei Research for Reuters indicated yen would fall to 130 per dollar.

Dec 26, 2015 08:17 PM EST


Westinghouse is nearing a nuclear deal with India

Westinghouse Electric Co. expects to reach a deal with India by the end of next year to provide at least six nuclear reactors. The company is expected to build around 60 new nuclear reactors in the country.

Dec 26, 2015 08:11 PM EST


Starbucks upbeat on record gift card sales on Christmas Eve

American coffee chain Starbucks is bullish on gift card sales this Christmas Eve. It sold 2.5 million gift cards last year. Starbucks has associated with Swarovski for selling $200 gift cards including $50 worth coffee that have been encrusted with crystals.

Dec 26, 2015 08:08 PM EST


Australian man drags eBayto the court for unlisting his weed hat that stoked a political fire

An Australian man, Zaky Mallah is suing eBay for $30,000 (US$21,756) after it delisted the 'weed hat' he wore in ABC's panel dialogue program Q&A. His presence raised questions as in past, he was charged for terrorism. An eBay spokeswoman said that Mullah has been explained with the problems of the delisting for him to "address the issues".

Dec 26, 2015 08:00 PM EST


The Beatles arrival on streaming service on Christmas eve will decline download rates

This Christmas eve will come up with The Beatles' catalogue on streaming services, a good news for the music fans. The band has been quite slow in adopting and adapting to the new technology as it took 6 years to arrive on iTunes music. The Beatles arriving on streaming services will tend to decrease download rates and draw the people more towards streaming.

Dec 26, 2015 07:50 PM EST


The new Airbus A350 XWB jet is designed to beat jetlag

Airbus has created a new aircraft that is designed to eliminate jetlag. The plane, A350 XWB, arrived in the U.S. last week.

Dec 26, 2015 07:47 PM EST


Samsung announces the new Galaxy A9 with 6 inch display

Samsung has unveiled the new Galaxy A9 smartphone with 6 inch display, in the Galaxy A Party event in China this week. The A9 will be on sale in China later this month.

Dec 25, 2015 09:28 PM EST


Palantir Technologies Reached $2 Billion in Valuation

Palantir Technologies Inc., the data analysis company has raised another $200 million funding, adding up to its $2 billion of company's valuation.

Dec 25, 2015 07:47 PM EST


Cridland's 30 Year Sweatshirt Fights Against the Current Fashion World

Tom Cridland has created a sweatshirt that can last for 30 years without shrinking or piling.

Dec 25, 2015 05:25 AM EST


Hiker Discovers 1,200-Year-Old Viking Sword in Norway

Hiker Gøran Olsen found a Viking sword around 1,200-years-old while taking an old route across central southern Norway. It is 30 inches long and is so strong that it can be used even today. It is handed to the University of Bergen for further research and the researchers are planning to visit the site for more discoveries like this.

Dec 24, 2015 05:40 AM EST


Qatar National Bank announced to buy Turkey's Finansbank for $2.95 Billion

Qatar National Bank signed an agreement with the National Bank of Greece to buy 99.81 percent stake in Turkey's Finansbank for 2.7 billion euros. Previously in 2006, National Bank of Greece purchased Finansbank worth $5 billion, which was Turkey's biggest-ever banking deal. The closing of the transaction was approved by the board of directors of both banks and the General Council of the Hellenic Financial Stability Fund.

Dec 24, 2015 05:31 AM EST


Colombian Narco Submarine With 3 Tons of Coccaine Was Caught

A narco submarine was caught off the islands of Galapagos. The submarine was bound to U.S., carrying 3 tons of coccaine.

Dec 24, 2015 04:16 AM EST


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