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Fannie Mae, Freddie Mac will not Apply "FICO Score 9"

UAE News - 14 hours 29 min ago

In August 2014, the FICO credit score announced that it had altered the formula that is used for calculating the credit score.

The change particularly will no more penalize consumers who have a credit history featuring collection of medical debt.

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Categories: UAE News

Two People Charged by SEC in Relation to Herbalife Insider Trading

UAE News - 14 hours 30 min ago

On Tuesday, the Securities and Exchange Commission (SEC) said that it charged two men for insider trading when they found out that hedge fund manager, William Ackman's, Pershing Square Capital Management LP hedge fund formed a negative view of Herbalife Ltd. which is a nutritional supplements company.

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Categories: UAE News

Vows from Obama and Modi: Strengthen Strategic Ties to Create Model for Rest of the World

UAE News - Tue, 09/30/2014 - 09:19

On Monday, Narendra Modi, the Prime Minister of India and the U. S. President Barack Obama vowed to develop and intensify the strategic partnership between their countries and set it as a model for the entire world.

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Boeing Moving Jobs away from Washington State

UAE News - Tue, 09/30/2014 - 09:13

According to a news release by Boeing, the company could bring in up to five hundred jobs to the St. Louis area as it plans to relocation defence services away from the Washington state.

Yesterday, Chris Chadwick the Boeing Defence Space and Security Chief Executive Officer said in a statement

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Categories: UAE News

Standard General Makes an Effort to Ease Cash Position of RadioShack

UAE News - Sat, 09/27/2014 - 12:10

The shares of troubled electronics chain RadioShack Corp. increased by 45 percent when Hedge fund investor Standard General LP mentioned that it was making efforts to get fresh financing ahead of the shopping season for the retailer.

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After the Success of Alibaba’s IPO, Movie on Jack Ma’s Life Planned

UAE News - Sat, 09/27/2014 - 12:08

Hollywood never misses the chance to grab a good story and turn it into a flick that may interest hundreds of thousands of people.

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Categories: UAE News

In a Second Such Incident in About One Year, Banned GM Wheat Found in US State

UAE News - Sat, 09/27/2014 - 12:06

For the second time banned genetically modified (GM) wheat has been discovered growing in the U.S fields. The first instance was in Oregon about a year back and the latest one has been spotted in Montana.

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Unemployment Rates Reveal Diverse Trends in Different in States

UAE News - Fri, 09/26/2014 - 11:13

Illinois experiences a fall in the rate of the number of jobless as the economy in the U. S appear to recover rapidly and consumer confidence seems to have an upward move.

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Categories: UAE News

Fonterra Trims Forecast for Milk Payout

UAE News - Wed, 09/24/2014 - 12:10

Fonterra, the dairy exporter from New Zealand trimmed its forecast for milk payout on Wednesday to a low of six-years as a result of deflating dairy prices globally. The co-operative said that the ban on dairy imports in Russian are likely to keep the prices volatile globally even in the months ahead.

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Seattle Will Impose Fine for Wasting Food on Residents and Businesses

UAE News - Wed, 09/24/2014 - 12:09

On Monday, the Seattle city council voted to impose a fine on residents as well as businesses which waste too much of food. The residents of Seattle are required to separate their food waste from other rubbish and put them in compost bins.

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Revenue of Bed Bath & Beyond Surpass Estimates

UAE News - Wed, 09/24/2014 - 12:07

Discount offers along with promotions worked well for Bed Bath & Beyond Inc. the retailer which deals with home furnishings. The company announced better-than-expected revenue for this quarter as it could attract a larger number of customers to its stores.

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Hitch to Join Lyft’s Car-sharing Service

UAE News - Tue, 09/23/2014 - 08:58

On Monday Lyft, the car-sharing service, looking forward to expand its business announced that it has acquired Hitch a ride-sharing platform.

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Brooklyn Jury Finds Arab Bank Accountable for Financing Terror Attacks in Israel on 300 Americans

UAE News - Tue, 09/23/2014 - 08:57

On Monday a U. S. jury established that Arab Bank Plc was accountable for giving material support to the terrorist organisation Hamas. The jury said that the band must pay compensation to the victims of twenty four attacks that have been linked to the Islamic militant group working within Israel and the Palestinian territories.

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New Toxic Mine Leak in River Water Reported in Sonora State of Mexico

UAE News - Mon, 09/22/2014 - 09:38

A new alert was issued by the authorities in Mexico regarding a toxic spill into the Bacanuchi river that was sourced from a copper mine. The mine is operated by Grupo Mexico, a big mining company.

Officials of Sonora State told people to avoid using water from the river following the appearance of an unusual orange stain over a certain stretch of river Bacanuchi.

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It’s Time to Consider Changes in the Social Security System

UAE News - Mon, 09/22/2014 - 09:35

A large number of people agree that the Social Security system needs revamping and there are many possible ways of doing it.

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Categories: UAE News

Blue Origin and ULA to Work Together in Rocket Matters

UAE News - Sat, 09/20/2014 - 10:42

Last week, Bezos Rocket Company named Blue Origin formed a partnership with ULA or United Launch Alliance in a deal which is supposed to see Blue Origin create an engine for using with the rockets of ULA. Presently these rockets carry the U. S. government and military satellites into space.

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Categories: UAE News

FDA to Revise Rules for Food Safety

UAE News - Sat, 09/20/2014 - 10:23

On Friday, the Food and Drug Administration FDA decided to rewrite the rules for food safety as planned last year, when the farmers protested that the rules set by the FDA may result in hurting the business.

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NICE recommends melanoma therapy

UAE News - Fri, 09/19/2014 - 12:42

Britain's medication value guard dog, the National Institute for Health and Care Excellence (NICE), has given the go-ahead to Glaxosmithkline's ($gsk) Tafinlar, which is among the new class of melanoma medications that target tumor changes. Of course, however, there's a get: GSK must give the medication at an undisclosed rebate, as per NICE's direction report declaring the choice.

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Chokeberry extract is helpful in pancreas cancer chemo

UAE News - Fri, 09/19/2014 - 12:40

"Wild berries local to North America may have a part in boosting disease treatment," reports state.

It has been discovered - in a research facility study utilizing pancreatic tumor cells - that chokeberry concentrate may help expand the forces of chemotherapy medications in treating pancreatic disease.

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Journalists brutally killed in Guinea

UAE News - Fri, 09/19/2014 - 12:36

The collections of eight individuals - including three columnists - were found in Guinea after an Ebola wellbeing group went under assault two days back, authorities said. In the mean time, the UN arrangements to send an extraordinary mission to battle the infection in the most exceedingly terrible hit nations.

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Categories: UAE News

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