Articles by Staff Writer

2671-2700 (out of 3726)

BNY Mellon worked overtime to fix pricing glitch, now back to normal

BNY Mellon’s CEO said they will fix the computer glitch that affected the pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday. Fortunately, it is back to normal now.

Sep 03, 2015 12:14 AM EDT


Instagram adds new messaging, photo and video-sharing features to stay ahead of Snapchat

Instagram added new features to its messaging app to keep up with the young users who are more interested in using Snapchat.

Sep 03, 2015 12:10 AM EDT


Led by US, foreign investors hold 54% of UK stock market

The US investors hold majority share of 46% in the toal foreing ownership of 54% in the UK stock market in 2014, according to a latest data from Office for National Statistics (ONS). Pension funds' share in foreign ownership drastically fell to 3 percent.

Sep 03, 2015 12:09 AM EDT


Florida County okays incentives to space firm Blue Origin

Florida County has approved incentives plan for Blue Origin, promoted by Amazon Chief Executive Jeff Bezos. Blue Origin will get $8mn grant for setting up a rocket manufacturing unit. It'll also launch rockets made its factory. Another space company that got incentives approval earlier is Lockheed Martin corp.

Sep 03, 2015 12:07 AM EDT


Fiat Chrysler to transfer Jeep Cherokee production out of Ohio

Fiat Chrysler Automobiles will move the production of its Cherokee out of its current Toledo, Ohio to prepare for the production of the new redesigned pickup Wrangler.

Sep 03, 2015 12:06 AM EDT


Congress considers CRS proposal to increase social security benefits, retirement security

Congressman Alan Grayson came up with a legislation called “Seniors Deserve a Raise Act” that would give recipients of Social Security an increase for elders, and improve the retirement security.

Sep 03, 2015 12:04 AM EDT


Eric Rosengren hints at gradual rise in rates

Boston Fed President Eric Rosengren opines that low inflation rate would help government keep interest rates at lower level. He also hinted that US Fed might go for interest rate hike in a gradual manner and it might happen now or after few months.

Sep 03, 2015 12:02 AM EDT


Undisclosed paid advocacy made Wikipedia ban 'black hat' accounts

Wikipedia has become a default source of information but with its ‘black hat’ accounts, many are thinking twice if they will still trust the website. A lot of misleading accounts had been banned already because of the incident.

Sep 03, 2015 12:00 AM EDT


Introducing Intel’s Skylake processor

Intel introduces a new line of PC microprocessors they call Skylake today. The chips are designed to bring life back into the slow sales of PCs since smartphones and tablets became more popular.

Sep 02, 2015 11:58 PM EDT


Edenworks greenhouse rooftop yields cheaper and healthier produce

Jason Green co-founded Edenworks, a startup that applies vertical and aquaponics farming. It reduces energy and water supply costs. At the same time, it produces healthier and more flavorful crops.

Sep 02, 2015 11:57 PM EDT


US construction spending at 7-year high

The latest data from the US Commerce Department reveals that construction spending grew 0.7 percent to $1.08 trillion showing seven-year high. the construction spending has been growing for the past eight months continuously.

Sep 02, 2015 11:54 PM EDT


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 5:28 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 5:24 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 5:23 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 3:42 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 3:21 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 3:17 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 3:17 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 3:14 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 3:09 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 3:05 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 2:48 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 2:46 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 2:44 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


The Obamacare Surprise: Few people availed of early retirement

University of Michigan retirement analyst Helen Levy and colleagues Thomas Buchmeuller and Sayeh Nikpay found that there is no evidence of increase in retirement among people from ages 55 to 64 in 2014 than in 2013.

Sep 02, 2015 12:07 AM EDT


Teen retailer Forever 21 turns to outside investors for $150M loan

Forever 21 see slumps in sales and profit due to its push to larger space stores. It now resolves to get a $150 million loan from outside investors for aide.

Sep 02, 2015 12:01 AM EDT


Millions of Medicare members face 52% higher premiums in 2016

Some 30 percent or 50 million elderly Medicare-dependent Americans could pay could pay higher premium rates for their Medicare Part B in 2016 due to a quirk in the law.

Sep 01, 2015 11:59 PM EDT


Rolls-Royce dragged into Brazil's corruption scandal, accused of giving kickbacks to authorities investigating Petrobras

Rolls-Royce is allegedly involved in the giant Brazilian Scandal involving bribery among officials to win contracts with state-owned oil giant Petrobras.

Sep 01, 2015 11:54 PM EDT


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