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Articles by Staff Writer

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Scientists found that century-old Alexander Keith's found at Halifax Harbour is in fact beer

The 125-year-old bottle of Alexander Keith's found at the bottom of the Halifax Harbour last year is confirmed by scientists as drinkable beer.

Jan 11, 2016 6:33 AM EST

Oracle billionaire sold controlling interest in his Hawaiian Island Air

Oracle billionaire Larry Ellison's Ohana Airline Holdings LLC will sell a controlling interest of Island Air to venture capital investment company PacifiCap.

Jan 11, 2016 6:14 AM EST

United Airlines fined $2.75M for mistreating disable passengers, making travellers wait

The United Airlines was fined $2.75 million by the U.S. Transportation Department for violating the tarmac-delay rule and mistreating passengers with disability.

Jan 11, 2016 5:33 AM EST

McDonald’s gets a multi-color makeover as CEO pushes the company to be a modern, progressive burger company

McDonald’s launched a new makeover for its packaging using bold, bright colors on cups, boxes, and bags that will become more appealing to customers.

Jan 10, 2016 10:05 PM EST

Philippine Peso, this week’s least loser among emerging Asian market

The Philippine peso is the least loser among emerging-market in Asia this week, thanks to the remittance from its overseas workers and outsourcing industry, which shielded it from the Chinese economic slowdown and increase in US interest rates.

Jan 10, 2016 10:02 PM EST

Tax refund to take longer due to IRS tighter security against fraud

Taxpayers who would file their tax return beginning January 19 will have to wait until March 1 to get their tax refund due to the tighter security the IRS will implement to prevent tax frauds.

Jan 10, 2016 9:58 PM EST

IRS Fines 8 Million Americans, 0.3 Million of Them From Low Income Group

IRS has fined some 8 million people and 1.4 million households are forecast to fall prey of fines due to ignorance on new healthcare law. Commonly criticized as the Obama Care Law, the new law instructs all Americans to go through insurance net. But mainly due to ignorance about mandatory submission of tax returns and moreover legally remain exempted from tax net, have fall victim to count fine for $210 each.

Jan 10, 2016 9:50 PM EST

HSBC and JPMorgan Well Ahead In ARAMCO IPO Race

State owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

Jan 10, 2016 9:45 PM EST

5 US airlines hike base fares

The US-based five airlines - Delta, Southwest, American, United and Virgin America have raised base fare on domestic travel. The hike is effective for corporate, leisure and discounted fares. Airlines are bullish on margins as business travel is expected to be stable even leisure travel takes a dip. The five airlines control 80 percent of the US domestic travel. Airlines are set to post surge in operational profits owing to lower fuel costs.

Jan 08, 2016 4:56 AM EST

Stocks tumble on China instability amid further devaluation of Yuan

The instability in Chinese economy, after the dragon country devalued Yuan for eighth time, has created tremors across the global bourses. All the sectors fell in the range of 0.4 percent to 1.8 percent on the Wall Street. Safe haven yellow metal gained four percent in 2016. Chinese CSI 300 index fell 7%.

Jan 07, 2016 7:04 PM EST

Lenovo's New X1 Line Major focus is Flexibility

Lenovo introduced new products to its X1 line at the CES 2016. Some of the notable products include the X1 Yoga, the X1 Tablet, and ThinkCentre X1 Desktop.

Jan 07, 2016 6:53 PM EST

The BMW i Vision Future Interaction: BMW's Vision for an Autonomous Driving Future

BMW unveiled their concept car called the BMW i Vision Future Interaction at the 2016 CES. The car's system creates an environment for the driver where he or she can interact with the car wirelessly and intuitively.

Jan 07, 2016 6:50 PM EST

Ford upbeat on self-driving cars, to invest $4.5 billion

Ford Motor is investing about $4.5 billion in developing electric vehicles. Contrary to unconfirmed news that Ford and Google working together on developing driverless cars, Ford Motor President Mark Fields didn't mention about this association in his speech at CES-2016. Fields is very keen on exploring the $5.4 trillion transportation services segment.

Jan 07, 2016 5:03 AM EST

Watch out for gold, oil, airlines in 2016

The year 2016 is expected to be positive for gold, oil and airlines segments. The sluggish real growth will propel gold prices. After declining for 18 months, oil price technically may make a rebound. Lower fuel costs and rising passenger traffic propel airlines to make more profits this year.

Jan 07, 2016 4:58 AM EST

PMorgan replaces KCG with Virtu Fin as market maker

JPMorgan Chase & Co has replaced KCG Holdings Inc with Virtu Financial Inc as its market maker. Virtu from Wednesday onwards takes care of JPMorgan Chase's stock on New York Stock Exchange (NYSE). JPMorgan was disappointed with the role of KCG Holdings on 24 August 2015 as the stock markets witnessed mayhem pulling several stocks lower.

Jan 07, 2016 4:10 AM EST

Disney kicks off 2016 with $3-billion bond issue

Walt Disney, Ford Motor and Deere & Co are leading the corporate bond sales, which began on positive note in 2016. The US companies sold $1.621 trillion in debt in 2015 as the majority of American corporate firms preferred to take zero rate advantage before Federal Reserve announcing the rate hike. Yields on investment-grade bonds rose to four-year high of 3.71 percent in December 2015.

Jan 07, 2016 2:14 AM EST

320,000 of Time Warner Cable customers data might have been stolen

Time Warner Cable Inc. said on Wednesday up to 320,000 customers may have had their email passwords stolen. Although there is no sign of data breach at the moment, the cable company is taking a necessary measure to curb the problem.

Jan 07, 2016 2:12 AM EST

Faraday Future's FFZero1 Concept Car: Looks Futuristic, but Can't Run

At the 2016 CES, Faraday Future startup company unveiled its electric concept car, the FFZero1. The eccentric looking car has a smartphone embedded in the steering wheel and will be built on a chassis that could, hopefully, be used in other lines of Faraday cars.

Jan 07, 2016 1:37 AM EST

"More", "Less", and "Better": These 9 Apps will Help You Reach Your New Year's Goals

Here are 9 apps that can help people achieve their new years resolutions. With the help of the smartphone, people can read faster, eat better, and save more.

Jan 07, 2016 1:35 AM EST

EHang Introduced Passenger Drone at CES 2016

Another exciting product has emerged in Consumer Electronic Show 2016. EHang, the Chinese UAV manufacturer introduces drone that is able to carry human passenger.

Jan 07, 2016 1:33 AM EST

Intel Introduces Augmented Reality (AR) World Through X- Ray Visioning Daqri Smart Helmet

Intel’s 3D RealSense Camera empowers Daqri Helmet to represent an augmented reality world at the stage of Consumer Electronics Show, 2016. Through unveiling the smart helmet, Intel is believed to surpass Microsoft in the race towards augmented reality world. The X- ray visioning smart camera is scheduled to become available for purchase from the first quarter of this year.

Jan 07, 2016 12:56 AM EST

Weakened Yuan Triggers Drop in Futures and Stocks in U.S., Europe and Asia

Yuan that keeps weakening have dropped Asian stocks dropped and plunge of futures in Europe and U.S.. On Wednesday trading Yuan hit five year low against US dollar.

Jan 06, 2016 8:07 PM EST

Huawei Unveils New Android Smartwatch With Swarovski Crystal

Huawei showcase its luxury Android smartwatch in Consumer Electronic Show (CES) 2016 that opens today. The watch is designed specifically for women decorated with Swarovski crystal.

Jan 06, 2016 8:06 PM EST

Wanda Group will invest $2.3 billion to build three hospitals in China

China's Wanda Group had signed an agreement with the UK based International Hospital Group to build three hospitals in China. The agreement marks Wanda Group first entry into the booming health care business in China.

Jan 06, 2016 8:04 PM EST

Enter the Movi: The Live Streaming Camera that has 9 Cameras in 1

Livestream the company, will be releasing their Movi camera in April. The camera, called Movi, will allow consumers up to 9 different virtual camera angles to capture live performances and talks and edit them in real time.

Jan 06, 2016 8:02 PM EST

Oakley Glasses: Intel’s Radar Pace Empowered Athletic Smart Glasses

Intel’s Radar Pace Technology has been successfully incorporated in Oakley branded smart glasses, are capable of analyzing athletic performances and coaching thereto. The glasses have been represented before the audience of Consumer Electronics Show, 2016. Unlike Google Glass, the Radar Pace technology instructs the wearer doing everything just by talking.

Jan 06, 2016 7:52 AM EST

Thousands of Stranded Migrants from Cuba Allowed to Enter U.S.

Thousands of Cuban migrants stranded in Costa Rica is permitted to enter U.S. An agreement between SICA and Mexico has opened access to migrants to continue their journey.

Jan 06, 2016 7:25 AM EST

Marijuana Legalization Made Mexican Small Pot Farmer Lose Profit

Loosening marijuana law in United States made small farmers in Mexico lose their profit, as more states lifted restriction on marijuana. However, Mexican drug cartel may not be affected much with the legalization.

Jan 06, 2016 7:23 AM EST

Electric Microbus: Diesel gate Riddled Volkswagen’s Image Recovery Stunt

Diesel gate controversy embattling Volkswagen has initiated implementing eco-friendly projects ahead of loosing share value. Volkswagen has revealed its bold step to go for producing an eco-friendly microbus, powered by electricity, in the Consumer Electronics Show. Batteries of the vehicle may be charged fully by only 20 minutes and capable of serving as a home power unit.

Jan 06, 2016 3:44 AM EST

Samsung Presents Smart Fridge That Can Order Groceries

Samsung introduces its smart fridge in CES 2016 that starts this week. The Samsung Family Hub refrigerator can order groceries for you.

Jan 06, 2016 3:18 AM EST

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