Stockpiles help US growth beat forecast in Q3
The US economy grew 2.1 percent during the third quarter as against the forecast of 1.15 percent. However, the growth rate slowed down when compared to 3.9 percent in the second quarter.
Nov 25, 2015 4:06 AM EST
Carl Icahn picks 7.13% in Xerox, says it's undervalued
Billionaire investor Carl Icahn picked 7.13 percent stake in Xerox Corp paving his way to the company's board. Icahn gave a statement that Xerox shares are undervalued as the stock fell over 20 percent this year so far.
Despite easing foreign trade, Russian markets turn attractive
Ever since the imposition of economic sanctions, the Russian economy is suffering from weakening foreign trade. Exports and imports, move steeply, only to drop during January-September period. Despite the rise in oil and natural gas exports, the oil price drop in dollar value is eroding the gains.
Britain Expand Its Military Spending In Defense Against Islamic State
George Osborne, Britain's finance minister announced on Sunday that UK will increase military budget. Britain intend to purchase several defense equipment including maritime patrol aircraft from Boeing and Lockheed Martin's F-35 fighter jet.
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Scientists genetically modified mosquitoes to be malaria-resistant
Scientists at the University of California created mutant mosquitoes that are resistant to malaria, impairing their ability to transmit the disease to humans. The breakthrough, using gene-editing technology, may help eliminate the disease.
Nov 25, 2015 2:46 AM EST
IKEA Reaches Out to Refugees By Providing Them with Shelter: Company cuts down profits
IKEA, the Swedish furniture making company announced to cut of its profit to help the refugees. It said that it will donate 1 euro ($1.06) to the UNHCR, the UN Refugee Agency, for every LED product sold. Earlier this year, it donated over thousands of specially designed shelter tents for the refugees.
Nov 25, 2015 2:42 AM EST
Oil supply glut creating traffic jams at sea
The rising levels of oil inventories are resulting in more supplies and this is creating traffic jams of tankers on the seas shores and along the US Gulf Coast. The floating storage of crude oil rose three times. A number of oil tankers are queuing up waiting for offloading.
Nov 25, 2015 2:20 AM EST
Morocco to build the world’s largest solar power plant
Morocco will build the largest solar power plant in the world to provide electricity in the country by 2020. The first phase of the project will go online next month. Morocco also plans to export its solar energy to other countries in Europe.
Nov 25, 2015 2:16 AM EST
Ackman Established Superiority On Pershing By Raising Its Stake In Valeant Pharmaceuticals
Activist investor Ackman has recently announced that Pershing has increased its amount of stakes in Valeant Pharmaceuticals. According to experts, this decision will play an interesting role in the besieged drug maker’s strategy.
Nov 25, 2015 2:09 AM EST
Jack Dorsey, retail investors win, while underwriters lose in Square IPO
The IPO from Square has set a new record by receiving an overwhelming response on its listing day. the stock rose 45% giving more cheers to investors. Forbes has done some assessment on who are the winners and losers in Square IPO.
Nov 25, 2015 12:13 AM EST
UK allots £1B fund for the eradication of malaria, other infectious diseases
The UK government will be spending £1 billion for the eradication of malaria and other infectious diseases. To fight against these dangerous diseases, the UK government is setting up a £1-billion fund to be spent over the next five years. The UK is working on this ambitious project in partnership with Bill and Melinda Gates.
Nov 24, 2015 10:57 PM EST
Cat Photos Show Solidarity for Citizens in Brussels
Manhunt for Islamic State terrorist suspect is still on going in Brussels. Citizens cooperate with police to stop sharing information about situation, and share cat pictures instead.
Nov 24, 2015 10:00 PM EST
Turkish Airline Flight Forced To Emergency Land After Bomb Threat
A Turkish Airline flight forced to divert and land in Canada after a bomb threat was received. The flight was flying from New York to Istanbul.
Nov 24, 2015 4:53 AM EST
New York Governor’s Praiseworthy Effort to Stop Terrorism through ‘See Something, Send Something’ App
Have you ever imagined combating terrorism by using a mobile app? Now, you don’t need to wait and search for the right person to send the SOS or think whom to call. Go through, Gov. Andrew Cuomo’s promotional campaign to know more.
Nov 24, 2015 4:03 AM EST
Walmart to begin Cyber Monday sales drive
As part of boosting sales volume, Walmart has announced Cyber Monday beginning early from 8pm on Sunday. Walmart has also organizing Cyber Week during 28 November-4 December. The US retail major is offering discounts and free shipping to shoppers.
Nov 24, 2015 3:44 AM EST
Asian stocks tumble as commodity fall continues on thin volumes
Asian stocks tumble as commodity stocks slipped into pressure while consumer stocks gained momentum. The positive expectations about US interest rate hike is pushing Wall Street upwards.
Nov 24, 2015 3:43 AM EST
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