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Articles by Staff Writer

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Alli Webb's Drybar opens new salon marking the growth of female founders in beauty sector

Drybar is set to open its 57th salon in the ritzy Tysons Corner mall of Virginia. Alli Webb, the founder of Drybar, aims to open 70 Drybar salons across the country and one in the region of Vancouver BC within the end of 2016.

Mar 09, 2016 9:07 AM EST

Whole Foods to get rooftop solar; deals with SolarCity, NRG

Whole Foods Market Inc has entered into separate agreements with SolarCity Corp and NRG Energy Inc for installation of solar panels on rooftop of retail outlets. The installation works on solar panels at retail outlets are likely to commence in spring. Expected potential for solar power generation may be 13.8MW.

Mar 09, 2016 9:06 AM EST

Exxon's Canadian unit offloads gas stations for $2.1 bln

Exxon Mobil Corp's Canadian unit is selling its retail gas stations in the country to five fuel distributors for C$2.8 billion ($2.1 billion). The transaction is expected to be completed by end of 2016 subject to the regulatory approvals.

Mar 09, 2016 8:56 AM EST

EMV Credit Card Increase Security But Slow Implementation Will Make Consumers Vulnerable

Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.

Mar 09, 2016 8:50 AM EST

South African Currency Slumped as Finance Minister to Resign Over a Spat With Tax Commisioner

South Africa’s currency has dropped to its four-year low after the news of the country’s finance minister threats of resignation was reported. Finance minister Pravin Gordhan threatens to resign over a spat with Tom Moyane, as the minister demanded the tax commissioner to be dismissed, or he himself would leave.

Mar 07, 2016 9:30 AM EST

HTC Vive Will Have Google Tilt Application Pre-Installed

HTC announced to bundle its virtual reality (VR) headset with painting application from Google on Monday last week. HTC have also open pre-order and will start shipment in early April.

Mar 07, 2016 9:24 AM EST

Iranian Crude Oil Exports To Europe Resumes, Breaking Deadlock Since Mid-2012

Ending a sanction on Iranian oil export, The Monte Toledo, an oil tanker appears as the first to deliver crude oil in Europe since mid-2012. Iran’s oil export during February falls short from its earlier announcement for adding 500,000 barrels per day to the global oil market. However, industry insiders presume for Iranian oil exports in larger volume to Europe and Asia during the current month.

Mar 07, 2016 9:23 AM EST

AC Milan Needs New Investment After Losing $100 Million in 2014-2015

The former European football giant in the 1990's are facing a financial strain. After a huge financial loss, AC Milan badly needs new investment.

Mar 07, 2016 9:17 AM EST

Brexit: Debate Continues In And Around The UK As Well As EU Countries

Debates in favor of and against Brexit continuing in the UK and also in the EU member countries. Except the world’s fifth largest economy, both EU and Britain, are believed to get weakened in exerting influence over global issues.

Mar 07, 2016 9:14 AM EST

Chinese Venture Capital Firm Pando Group is Investing $2 Million in Israeli Fintech Hub The Floor

Israeli fintech hub initiative is receiving $2 million investments from Chinese venture capital firm Pando Group. The partnership is expected to build the bridge between Israel companies and the Asian markets.

Mar 07, 2016 9:10 AM EST

Nigerian investment inflow falls by N2.3tn over the past three years

Nigerian investment flow in the previous three years has declined as a result of economic slowdown in the country. Investors lost their confidence in Nigerian economy citing global oil slump.

Mar 07, 2016 9:07 AM EST

Egyptian Billionaire Naguib Sawiris Will Finalize Acquisition of CI Capital Holding by the End of March

The acquisition will create a second largest investment bank in Egypt. Sawiris acquired CI Capital Holding with its investment arm, Orascom Telecom Media and Technology.

Mar 07, 2016 9:04 AM EST

French Utility EDF CFO Resigns Possibly For Disagreement With CEO Over £18 Billion Hinkley Point project

Thomas Piquemal, chief financial officer of the French utility EDF has been rumored to resign over disagreement with company CEO. Due to decade low wholesale prices of electricity, the business has been forced to borrow billions of Euros for payment of dividends. Under such financial hardships, Piquemal has suggested to wait at least three years in finalizing the project plan.

Mar 07, 2016 9:03 AM EST

Rob Mundy opens a new online research platform for investors

Rob Mundy, a former stock research expert, has launched Research Tree, an online investment research platform designed for private investors. With this new achievement, Rob Mundy aims to create a better source of information for online investors.

Mar 07, 2016 9:00 AM EST

PSE To Formulate Market Friendly Laws Facilitating DDS Transactions

PSE has been seeking comments and suggestions on its proposed law for transactions of DDS. The procured comments and suggestions will be evaluated while drafting the rule, aiming to reflect market demands. Comments and suggestions may be sent up to March 22.

Mar 07, 2016 8:59 AM EST

Old Mutual Reportedly Planning to Split Into Several Units, The Company Stated It's Considering All Options

Giant South Africa-based international banking group Old Mutual has stated that they are considering all options as a result of a strategic review. Many believe that the group is planning to split itself into several business units.

Mar 07, 2016 8:55 AM EST

'Little Ripper', A $200,000 Helicopter Drone That Will Guard Australian Coastlines Against Shark Attack

Australian lifeguards will get a help from 'Little Ripper' to detect shark presence along New South Wales' coastlines with its aerial view using infrared cameras. The project costs $200,000 where Westpac sponsors the trial for the search and rescue operations.

Mar 01, 2016 9:00 AM EST

Danske Bank Cuts Jobs For Adapting With Post Crisis Landscape

Danske Bank has reportedly spent $60 million against its workforce compared with a year earlier. Meanwhile, the bank company has recently achieved an average ‘buy’ rating from most of the analysts. To retain the achievement with further upgrading, the bank has adopted cost cutting measures which include job cuts in 46 positions of mostly the IT portfolio.

Mar 01, 2016 8:57 AM EST

WhatsApp Will Stop Its Services for BlackBerry, Nokia, Older Androids and Windows

Facebook’s WhatsApp announced that they will stop supporting older mobile platforms, including BlackBerry, Nokia, as well as older Android and Windows operating systems. The decision would allow the app to further improve its features beyond older smartphones’ capabilities.

Mar 01, 2016 8:55 AM EST

Israeli investment firms get $665 million in 2016

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.

Mar 01, 2016 8:53 AM EST

Marathon Oil plans to sell shares through public offering

Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting strategy to keep hold of their cash level.

Mar 01, 2016 8:48 AM EST

Converse Revealed New Concepts and Approach in Chuck II Reflective Print Collection

Converse is adopting a new approach to update its Chuck Taylor shoes. The shoemaker revealed its newest Chuck II Reflective Print collection with an improvement in functionality and visual features to offer users a brand-new style and experience.

Mar 01, 2016 8:46 AM EST

Google To Glorify Consumer Friendly Image with 'Chrome for Work Assist' and 'Chromecast Audio'

Recently, Google has released video demonstrating operations of its Chromecast Audio featured by popular actors. On Monday, Google has announced another feature, 'Chrome for Work Assist', which offers 24/7 phone and email based customer support for businesses. Through these efforts, Google is probably trying to glorify its image as a consumer friendly entity.

Mar 01, 2016 8:44 AM EST

Valeant Pharmaceuticals Shares Plunges After SEC Investigation

Canadian pharmaceutical company shares dropped 18% on Monday, as the company admitted being under investigation by U.S. Securities and Exchange Commission.

Mar 01, 2016 8:42 AM EST

Data Showed More Tech Workers Are Leaving Silicon Valley

Cities like Austin, Texas, and Seattle, and Seattle have become a new target for tech workers. They are areas in which the tech startups are increasing in large number.

Mar 01, 2016 8:41 AM EST

Puerto Rico Desperately Needs US Help to Handle Debt

Puerto Rico, the island territory of U.S. is in the crisis due to its surmounting debt. Governor Alejandro Garcia Padilla repeated the island's debt will lead to moratorium.

Mar 01, 2016 8:40 AM EST

Volkswagen Introduced Its New Luxury Sedan, Only for China Market

Volkswagen unveiled Phideon as its new luxury car today, ahead of Geneva International Motor Show. The successor of Phaeton will only be sold in China.

Mar 01, 2016 8:38 AM EST

Palo Alto Networks, Splunk and Salesforce Drove Nasdaq Up

Following slow start of the year, tech companies began to come to life. As Palo Alto Networks, Splunk and Salesforce.com brought Nasdaq to soar 2% in the last five trading days.

Mar 01, 2016 8:37 AM EST

January gold purchases in India rises by 62%

Gold purchase in India increased 62% during the month of January. The government lifted the import duty on gold citing the growing prices in global market.

Mar 01, 2016 8:36 AM EST

The Sacramento Kings Collaborates with Local Investment Firm to Host NBA's First Tech Startup Contest

The Sacramento Kings announced a tech startup contest for local entrepreneurs. Supported by local investment firm Velocity Venture Capital, finalists will get an opportunity to pitch their ideas to judges and a chance to win a cash prize and consultation sessions with the Kings executives.

Mar 01, 2016 8:33 AM EST

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