The Chipotle restaurant was closed by the Seattle-King and County, public health officials due to the violation of the food safety policies. People are suffering from various illness after eating in this restaurant chain.

Dec 11, 2015 04:19 AM EST

Asian stocks set for weaker weekly closing on sluggish commodities prices. The continuous oil price drop and further weaker Yuan currency also weakened the investor confidence. The market players were in wait and watch mode ahead of US Fed meeting next week.

Dec 11, 2015 04:13 AM EST

Drone maker DJI with FLIR, to develop a new drone camera that can shoot in complete darkness.

Dec 11, 2015 03:54 AM EST

Jeffrey Gundlach, the bond king in the US markets, says the current economic situation and market conditions are not in favour of interest rate hike. If US Federal Reserve increases rate this month, then it will regret its decision, he said. Stating that 100% of economists forecast rate hike. latest jobs data and other parameters are giving more room for US Fed to take decision on rate hike.

Dec 11, 2015 03:29 AM EST

Alaska State Governor Bill Walker as part of his New Sustainable Alaska Plan,suggested for income tax in the State. If levied, it'll be after 35 years, Alaska records income tax. Alaska is highly dependent on oil revenues. The steep fall in oil price is impacting its revenues in a negative way. The current revenues can meet only 40 percent of government expenses.

Dec 11, 2015 01:16 AM EST

Several equity research firms upgraded ratings on Boeing. The timely deliveries are enhancing revenues for the aircraft maker. For the quarter ending October, its revenues surpassed market forecasts. Barring one equity research firm, 13 gave it 'buy' rating and three recommened for holding it.

Dec 10, 2015 09:51 PM EST

Hyundai is introducing its new rally car for the 2016 FIA WRC event at team's factory in Alzenau, Germany. The five-door body car is powered by a 1.6-litre turbo charged petrol engine with six-speed sequential gearbox.

Dec 10, 2015 03:13 AM EST

The recent floods devastated the living conditions for people in Chennai and its surrounding districts. The industrial and business hubs have been affected resulting in trillions of crores of rupees loss. Insurance companies have been flooded with claims indicating a decade high volume.

Dec 10, 2015 03:09 AM EST

South Africa's inflation rate was 4.8 percent in November from 4.7 percent in October. The inflation rate indicated its highest since July. The currency Rand continuous fall against the US dollar is further adding to inflation. South African economy narrowly missed the second recession in six years.

Dec 10, 2015 01:31 AM EST

The world's largest long-haul airline Emirates Airlines is deploying A380 jumbo jets to Guangzhou. Emirates will be flying the world's largest jumbo jet with a seating capacity of 615 passengers. Guangzhou has strong business relations with African nations and the city is offering growing business potential. However, the expansion plans of several Chinese airlines will post tough competition to Emirates.

Dec 10, 2015 03:17 AM EST