Result Page 5 for Staff Writer

Articles by Staff Writer

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Louisiana Public Service Commission Rejected Macquarie's Move to Acquire Public Utility Cleco Power LLC

State regulator rejected a $4.85 billion dollar acquisition of utility power company Cleco to Macquarie Group on Wednesday. The regulator said that the acquisition did not serve the best interest of the customers.

Feb 25, 2016 8:39 AM EST

Swiss Drilling Company Transocean Posts Profit Despite Poor Oil Price

Transocean's fourth quarter earnings exceeded the analysts' earnings estimate amid the ongoing fall in the oil market. The company managed to post a quarterly profit of $617 million by reducing its operating costs.

Feb 25, 2016 8:37 AM EST

New Zealand can sustain low inflation according to Finance Minister Bill English

According to Bill English, New Zealand can sustain low inflation as the central bank aim to reduce borrowing costs, if needed. New Zealand is hoping to achieve economic stability amid the global financial crisis.

Feb 25, 2016 8:34 AM EST

Dollar rising as Nikkei further moves up

US dollar against Yen is rising as renewed buying support is propelling Japan's Nikkei index upwards. The priority shift among some investors from traditional safety net of Japanese currency to equities was the major reason on Nikkei's rise. The market players are eagerly waiting for the outcome of G-20 meeting this weekend in Shanghai.

Feb 25, 2016 8:32 AM EST

Chesapeake Energy posts Q4 loss on heavy write-down

Oklahoma-based Chesapeake Energy has posted losses over $14 billion for 2015 and a net loss of $2.23 billion or $3.36 a share for the fourth quarter. The major reason for deep loss was writing down value of oil and gas fields in the wake of prolonged lower oil prices. However, the loss was better than the market forecast.

Feb 25, 2016 8:30 AM EST

New Jersey Biotech Startup Visikol Received $500,000 Investment from Foundation Venture Group

Visikol Inc is a biotech company with focused on tissue visualization. On Tuesday, the company has secured a commitment from Foundation Venture Capital Group

Feb 25, 2016 8:27 AM EST

Uber Plans Autonomous Test Driving In Hazelwood of Pittsburgh

Uber’s self driving car project has first drawn attraction with poaching 50 robotics researchers from CMU in early 2015. Recently it has appeared in the news headline again with the announcement of developing a test driving site for its self-driven cars in Hazelwood of Pittsburg. Though some automakers predict for introducing their autonomous vehicle by 2020, but Uber has kept mum in this regard.

Feb 25, 2016 8:22 AM EST

Alberta's economy continues to shrink over uncertainty in oil market

The economy in Alberta will continue to shrink for the next two years amid weak crude prices globally. The province's shortfall in 2017 -2017 is anticipated to outstrip the October outlook by almost $5 billion.

Feb 25, 2016 8:20 AM EST

Google Fiber To Introduce Gigabit Internet Service In Select Places of San Francisco

Google has planned to introduce WiFi network service in San Francisco during 2007 in collaboration with Earthlink. The initiative ultimately has gone into vein. Finally another Alphabet subsidiary, Google Fiber has announced introducing high speed gigabit internet service to some select places of San Francisco.

Feb 25, 2016 8:17 AM EST

UberMOTO Now Service Bangkok, Rivals GrabTaxi's GrabBike

UberMOTO is now made available in Bangkok competing GrabTaxi's GrabBike. Due to the staggering loss it incurred in China, Uber finds Bangkok as a fit location to pilot its motorcycle service program that will give two free rides to first-time riders until March 15 as its celebratory offer.

Feb 25, 2016 8:15 AM EST

Ford Announced Plan to Triple Investment on Semi-Automous Driving Technologies Leading Up To Driverless Cars

Ford announced that the company will devote more resources to develop semi-autonomous driving technologies, as they aim to invest triple the amount of investment in the technologies. Some of Ford's cars already have some semi-autonomous technology in them, as with the updated version of Ford Kuga unveiled along with the announcement.

Feb 24, 2016 9:34 AM EST

American Fruits and Flavors Acquired by Monster Beverages for $690 Million

It was agreed that Monster Beverages will take over on American Fruits and Flavors, its leading supplier of fruit concentrares, flavors and mixes. The beverage company paid $690 million for the acquisition. Since 1990's the two companies have been working together.

Feb 24, 2016 9:30 AM EST

Syrian Refugees in Turkey Contributed to the Country's Economic Growth According to Government Officials

Turkish government officials acknowledged that the influx of Syrian refugees to the country has contributed in boosting the economy. Turkey’s economic growth has seen an unexpected growth in the third quarter, even as some economic aspects suffered and strained from the flow of migrants.

Feb 24, 2016 9:27 AM EST

McDonald's Introduces Chobani-yoghurt Parfaits and Smoothies, Breakfast Bowls

McDonald's partners with Chobani, a Greek yoghurt-maker company and tests how the yoghurt will come along being incorporated to some of its menu. The fast food chain is adapting to the change to make itself a 'modern and progressive company' as it adapts to the changing tastes of its customers.

Feb 24, 2016 9:20 AM EST

Mark Zuckerberg Supports Apple, Strongly Opposes Creating Backdoors For Law Enforcers

The US government has appeared in a row with Apple centering unlocking of encrypted data of an iPhone allegedly used by a terrorist. Apple opposes the demand citing creation of backdoors for the law enforcers, may lead to a potential abuse. Supporting Apple stand, Mark Zuckerberg has pledged playing due rolls in its fight while addressing in the Mobile World Congress on Monday.

Feb 24, 2016 9:18 AM EST

Venture Capital Investment in Space Startups Surged in 2015

Based on a report from defense and aerospace consulting firm there was a huge increase for investment in space travel during 2015. Space startup investment in last year were accounted two-third of the 15 years in total.

Feb 24, 2016 9:16 AM EST

Williams Cos. puts Canadian operations on the block for $1 billion

Williams Cos has decided to offload its Canadian operations for $1 billion. It is hoping to put it on the block in next week. In fact, it has already appointed two investment banks to oversee the sale process.

Feb 24, 2016 9:13 AM EST

Bank of England has many choices to boost Britain's economy according to Governor Mark Carney

Bank of England has many choices to boost Britain's economy. The bank may slack its financial policy on fears that the country may exit the European Union.

Feb 24, 2016 9:11 AM EST

Elon Musk’s Hyperloop Project Getting Implemented

Elon Musk has shared a brainchild for travelling from one city to another with extraordinary speed through a hyperloop in 2013. The plan is now getting implemented at Quay Valley in California. If the project becomes commercially viable, people will get an opportunity to travel at 800 MPH subject to getting approval from the government authorities.

Feb 24, 2016 9:08 AM EST

American International Group, Inc. Reported Larger Than Expected Net Loss of $1.8 Billion in Q4 2015

American International Group, Inc. reported a bigger quarterly loss than expected. The company was hurt by weak underwriting and investment return. The big loss in Q4 made its full year income dropped by more than 70%

Feb 23, 2016 9:59 AM EST

Reddit Enhancement Suite (RES) Secures $10 Million Investment Capital From ORIX Ventures

2015 appears as the most successful business year ever from RES context. It has touched several milestones while being acknowledged as the Best of VMworld 2015 Europe. The browser extension provider has received $10 million from ORIX Ventures to accelerate its penetration into the emerging market.

Feb 23, 2016 9:57 AM EST

AT&T to spend $10 billion to expand its business solutions for customers worldwide

AT&T on Monday announced its intention to spend about $10 billion in order to provide its "integrated solutions" for enterprises globally. The company is also testing its 5G broadband services at enterprises and homes.

Feb 23, 2016 9:51 AM EST

Audi To Feature Fuel Efficient A4 Allroad quattro

Audi is going to hit the market with an ultra version of the quattro, A4 Allroad quattro, during the middle of this year. The new quattro is capable of cutting friction losses and is believed to improve emissions and efficiency. It will be the first ever Audi to feature the ultra version of the quattro system.

Feb 23, 2016 9:48 AM EST

Poundsterling Took a Hit Over Possible "Brexit"

British currency suffered the biggest drop in one day, triggered by speculation Britain to leave. While Prime Minister Cameron stressed the importance of United Kingdom to stay in the EU.

Feb 23, 2016 9:44 AM EST

Failing to Pay Student Loans Can Indirectly Lead Up To an Arrest

An arrest of Paul Aker, a Houston man with more than $1,500 student loan granted almost 30 years ago, received a lot of attention from the U.S citizens and media. Typically, someone can’t get arrested simply for failing to pay the student loan, but an arrest of someone with a student debt could happen under one condition when the person failed to obey a court order to show up regarding the matter.

Feb 23, 2016 9:36 AM EST

Victoria's Secret CEO Announced Resignation, Parent Company's CEO to Assume Leadership

Victoria’s Secret CEO Sharen Turney announced her resignation on Friday, concerning investors and briefly crash the parent company’s shares after the news. However, the company had assured investors that the company will retain its success with the parent company’s founder and CEO Les Wexner assuming the role and Turney remaining as the lingerie brand’s advisor.

Feb 23, 2016 9:33 AM EST

Chinese job market dries up with a slowing economy

The Chinese job market has hit a dry spell, with job postings dropping across all sectors at an alarming rate. These findings, put together by the data restructuring company Quanton Data, throw up a pretty grim scenario, specially for the freshers who are about to step into the job market this summer.

Feb 23, 2016 9:26 AM EST

Feelgood Leicester boosting hopes on rebalancing UK economy

The renewed activity of football Premier League is bringing cheer to Leicester city. The flourishing economic activity in the far neglected city is reviving the hopes on rebalancing the UK economy. Economists suggest for enhanced economic activity in East Midlands for rebalancing Britain's economy.

Feb 19, 2016 10:14 AM EST

RediFit, A Tech Startup, Winner of The PowerMoves Miami Demo Day 2016

PowerMoves celebrates Miami Demo Day every year since starting journey in 2014. It helps in transforming tech startup ideas into businesses derived from black women entrepreneurs. This year, RediFit, developer of a tech induced knee sleeves for the athletes useful in avoiding injuries, has won the $25,000 prize.

Feb 19, 2016 10:06 AM EST

InVisage introduces SparkP2 for IoT devices

InVisage unveiled SparkP2 for Internet of Things instruments. The SparkP2 has the potential to arrest 2-megapixel pictures and consumes less power than the traditional silicon cameras.

Feb 19, 2016 9:59 AM EST

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