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HTT: Elon Musk’s proposed ‘Hyperloop’ transportation system is “completely feasible”

UAE News - Sat, 12/20/2014 - 11:39

In a 76-page report released on Friday, the unusual California startup Hyperloop Transportation Technologies (HTT) said that Elon Musk's Hyperloop futuristic transportation system can be built safely and affordably, and can be effectively used for connecting cities across the US.

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Categories: UAE News

Bob Evans CEO Leaves, Company Searches for New Chief Executive Officer

UAE News - Mon, 12/15/2014 - 11:03

Today, Bob Evans Farms Inc. announced that it's CEO and a director of the Company, Steve Davis, has stepped down from his position by a mutual agreement with the Board of Directors of Bob Evans.

Though the official changes will come into effect immediately yet Mr. Davis will stay with the company till the end of this year to help with the transition phase.

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Categories: UAE News

Identity theft Victims Fight for months to Fix Credit Report and Stolen Funds

UAE News - Mon, 12/15/2014 - 11:01

The rising number of data breach that hit many of the retailers last year compromised valuable information of customs and landed many of them in trouble.

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Categories: UAE News

First-Time Homebuyers to Benefit with Lowered Down Payments

UAE News - Sat, 12/13/2014 - 12:16

Aspiring home buyers in the U. S may have a reason to cheer. From Saturday a federal directive will become effective which will make it an easier job for some of the American home buys to arrange for down payments when they want to purchase a house.

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Categories: UAE News

Flight Schedules in UK Recover after Nats System Failure

UAE News - Sat, 12/13/2014 - 12:14

One day has passed since a computer failure caused disruption in flights at the Heathrow airport. However things are coming back to normal in the busy UK airport as flights get back to regular schedule barring a small number of flights.

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Categories: UAE News

New Relic, Hortonworks Prove to be Big Winners On IPO Day

UAE News - Sat, 12/13/2014 - 12:12

On Friday, out of four enterprise software companies which debuted in the stock market, two made a big score. New Relic and Hortonworks were the largest winners among the companies that work with cloud and Big Data.

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Categories: UAE News

eBay Reported to Consider Massive Jobs Cuts Prior to PayPal Spin Off

UAE News - Thu, 12/11/2014 - 11:08

Reportedly, eBay may trim down thousands of jobs next year in the initial months as it starts the preparation to spin off its PayPal mobile unit. It is expected that 3,000 positions will be cut down. That will be about ten percent of the total work force of eBay. The job cut is expected to mainly impact the employees who are engaged in the online auctioneer's central marketplace division.

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Categories: UAE News

Kentucky Withdraws State Tax Break for Noah’s Ark Project

UAE News - Thu, 12/11/2014 - 11:05

Kentucky withdrew the tax break offer from a religious-themed park which plans to feature a 500-foot-long wooden ark, as the park decided to choose its employees based on their religion.

Bob Stewart the tourism Secretary said that the planned project has extended from being a tourist attraction to an outreach of the Christian ministry which is developing it.

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Categories: UAE News

AT&T and Verizon Say Steep Competition is Resulting in Exit of Subscribers

UAE News - Wed, 12/10/2014 - 10:25

The thought, that it is difficult to touch the biggest players in the wireless industry, was true earlier but not anymore. Big players of the industry like AT&T and Verizon are now facing tough competition from smaller rivals like T- Mobile and Sprint.

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Categories: UAE News

Audit Report Reveals IRS paid Bogus Child Tax Credits Worth $6B in 2013

UAE News - Wed, 12/10/2014 - 10:23

On Tuesday, a government investigator said that the IRS has paid minimum $6 billion as bogus child tax credits in 2013. The amount was paid to those people who were not entitled to collect them.

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Categories: UAE News

McDonald’s Expanding its ‘Create Your Taste’ Program to More States

UAE News - Tue, 12/09/2014 - 10:51

McDonald's Corp. is struggling to keep up with the tough competition from cheaper fast food competitors and also is finding it difficult to keep up with the changing taste of the millennial. The largest fast food chain in the U. S has experienced its worst sales drop in about a decade recently.

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Categories: UAE News

Storage Startup DataGravity Raises $50 million as Venture Capital

UAE News - Tue, 12/09/2014 - 10:49

DataGravity, a storage startup has been given a positive feedback by investors and customers. The company has raised a whooping $50 million capital funds as a new venture. Just about two months ago the company publicly released its big data automation platform which is ideal for small and medium sized businesses.

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Categories: UAE News

Fuel Surcharges are Here to Stay for Qantas

UAE News - Mon, 12/08/2014 - 11:11

The price of jet fuel has to drop a lot before Qantas begins to cut down on the bulky fuel surcharges that it takes from its passengers flying to overseas destinations.

Alan Joyce, the Chief Executive Officer of Qantas says that though the fuel bill have reduced due to the drop in oil prices in recent times and the Australian dollar but the surcharges will linger long.

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Categories: UAE News

Merck in Discussion with Cubist Pharmaceuticals for Acquiring the Company

UAE News - Mon, 12/08/2014 - 11:09

Reportedly Merck & Co. is in discussion with Cubist Pharmaceuticals Inc. in order to buy the Lexington, Mass. based antibiotics maker. The deal is expected to be worth greater than $7 billion.

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Categories: UAE News

New Mexico Holds Federal Agencies Liable for safe Operations in Nuclear Waste Repository

UAE News - Mon, 12/08/2014 - 11:06

Yesterday, the State of New Mexico charged $54 million or some more as penalties to the U. S. Department of Energy for several violations which ultimately resulted in the closure of the only existing underground nuclear-waste repository in the country for an indefinite period.

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Categories: UAE News

Christoph Mueller to Join Malaysia Airlines

UAE News - Sat, 12/06/2014 - 11:56

Christoph Mueller the CEO of Aer Lingus will continue as the chairman of An Post in spite of his new job with the financially troubled Malaysia Airlines, which he takes over from next year.

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Categories: UAE News

Starbucks Fans Can Now Enjoy ‘Upscale’ Coffee Experience

UAE News - Sat, 12/06/2014 - 11:53

Love the small of roasting coffee and sipping it too? Starbucks is introducing some posh new stores that will offer some of the rarest brews at a location close to you.

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Categories: UAE News

Job Gains and Higher Wages Give a Strong Recovery Picture

UAE News - Sat, 12/06/2014 - 11:51

Good times are here again and that is what the hiring rates for November reveal. The hiring numbers and the future prospects heightened the expectations for a better than expected economic growth in 2015. The experts said that a strong jobs report revealed by the government on Friday signalled at a rapidly improving U. S economy.

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Categories: UAE News

Dropping Gas Prises Additional Holiday Gift for Consumers

UAE News - Fri, 12/05/2014 - 11:47

The oil price have been falling since summer as a result of the price war that Saudi Arabia as waged against the shale producers of the U. S. The ones to have gained the most from it has been the consumers, though the Wall Street is troubled with the "bear market".

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Categories: UAE News

Beijing to Control the Growing Number of ‘Weird Buildings'

UAE News - Fri, 12/05/2014 - 11:46

The skyline of China could soon have a more uniform look in the coming years, as the government plans to create a more aesthetic look in the way the fast growing city buildings appear.

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Categories: UAE News

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