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Fiat Merger to Go Through

UAE News - Sat, 08/30/2014 - 08:32

Fiat has overcome a big hitch that faced its long time planned merger deal with Chrysler Group LLC as the company said that the number of shareholders who are looking forward to sell their shares was not enough to outshine a threshold which could cause a delay to the process.

Fiat's tie up will create a distinct universal automaker that will be called Fiat Chrysler Automobiles.

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Categories: UAE News

Hurdle Again for Health Care During the Tax Season

UAE News - Sat, 08/30/2014 - 08:30

Last year during fall the federal agency struggled to roll out its health insurance website but this time has a tougher new project in hand. If there are any delays or glitches on the new one then a lot of Americans have to wait to get their tax refunds.

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Categories: UAE News

Report Says California’s Groundwater May be Threatened by Fracking

UAE News - Fri, 08/29/2014 - 10:15

A recent report given by the government authorities on Thursday says that in California the process of fracking for oil takes place at a lesser depth than realised earlier which could result in posing risk to the valuable supplies of groundwater.

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Categories: UAE News

Benmosche AIG's CEO Speed Up Exit from Post

UAE News - Fri, 08/29/2014 - 10:13

Robert Benmosche will be handing over the post of CEO to Peter Hancock stepping down sooner than expected this weekend. He has been the CEO of American International Group Inc. for five long years. He said in May that time was limited and he had nine months to one year to live and wanted to spend time the way he wished.

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Categories: UAE News

Cheaper Gas & Rosier Economy Can Boost Number of Labor Day Travellers

UAE News - Fri, 08/29/2014 - 10:11

It is almost time for the extended Labor Day weekend which is usually the last extensive break that people get before fall starts and the heat dies down paving way for the colder weather.

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Categories: UAE News

Tiffany & Co. Raises Full Year Forecast as Sales Improve

UAE News - Thu, 08/28/2014 - 11:08

Tiffany & Co. the well known upmarket jeweller for the second time improved the forecast for its full-year profit after it experienced a better than expected increase in the company's quarterly profit. The rise is mainly attributed to the sturdy rate of sales and the growing prices for its swanky jewellery in Americas' which are its prime markets.

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Categories: UAE News

Cab Companies Say that Ride Sharing Services like Lyft are ‘unfair’ Competition

UAE News - Thu, 08/28/2014 - 11:06

For Ronald Winkelvoss the taxi business is nothing new as he has been engaged in the trade for forty five long years. He has been a driver, a mechanic and also a dispatcher before he became the president of a group of cab companies that operate in Philadelphia and its close proximity.

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Categories: UAE News

U.S. Durable Goods Orders Gets a Boost Due to Strong Aircraft Demand

UAE News - Wed, 08/27/2014 - 11:36

Consumer confidence seems to be back on track in the U. S.

The biggest gain for orders in long-lasting U. S manufactured goods was seen to hit their biggest gain in July as there is a sturdy international demand for U. S aircrafts. However the fundamental trend of a steady pace of economic growth remained unswerving.

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Categories: UAE News

Best Buy Says Sales Could be Slow till ‘Highly Anticipated’ Models of Mobiles are Launched

UAE News - Wed, 08/27/2014 - 11:33

United States largest speciality retailer for consumer electronics, Best Buy reported a less than expected revenue in the third straight quarter. The reason for the drop is attributed to the increasing online sales of personal computers and electronics.

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Categories: UAE News

Weyerhaeuser Shifting Its Headquarters to Seattle

UAE News - Wed, 08/27/2014 - 11:31

Weyerhaeuser, the forest products company is surely one among the major companies of the Pacific Northwest and has been there for more than 110 years. It now plans to shift base and relocate its headquarters along with 800 of its employees to Seattle from Federal Way.

The move is expected to take place in 2016 on completion of a new building construction at 200 Occidental Ave. S.

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Categories: UAE News

Expert’s Report Calls for Shutting Down of Nuclear Plant in California

UAE News - Tue, 08/26/2014 - 10:19

Associated Press and an environmental group says that a federal nuclear inspector recommended that the U. S. regulators shut down a nuclear power plant owned by Pacific Gas & Electric Co, till tests show that its reactors are capable of withstanding the shocks from earthquake faults that lie close by.

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Categories: UAE News

In July Rate of Sales for U.S. Newly Built Homes Drop 2.4 percent

UAE News - Tue, 08/26/2014 - 10:17

Though for the second consecutive month the U. S homebuilders saw a drop t in rate of sales for new homes July but prices are appearing to become modest which is likely to help the market grow in the near future.

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Categories: UAE News

Gold Prices decline by Rs 70 to Rs 28,030

Stock Watch - Mon, 08/25/2014 - 14:19

For the ninth day, gold prices have declined by Rs 70 in the national capital today. The current price of 10 gram gold is Rs 28,030. On the other hand, silver has held stable at 42,600 per kilogram on scattered enquiries from industrial units.

According to traders, a weakening global trend has caused sustained selling by stockists where gold has fallen towards a two-month low as investors assess whether the economy of the United States is strong enough for the Federal Reserve to lift the rates, reserved pressure on the prices of gold.

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Categories: Stock Watch

Wei family of Taiwan to Take Help from Other Businesses for Investing in Cable TV Firm

UAE News - Mon, 08/25/2014 - 11:41

Sources familiar with the matter on Monday said that the Wei family from Taiwan is likely to ask Cathay Financials chairman and Cheng Uei the firm involved in electronics parts business to invest in a proposed deal to purchase a part of China Network Systems (CNS), the largest cable TV operator of the country.

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Categories: UAE News

Family Dollar Gets More Offers from Rivals

UAE News - Mon, 08/25/2014 - 11:39

The U. S Family Dollar is a variety store chain that is operational in about 8,200 locations. It is the second largest retailer of its kind in the entire United States. This is a popular outlet for low-income customers mainly in the urban areas of the U. S. Now the chain is a target of a cash takeover deal of $9 billion. The offer has come from rival Dollar General with another one of cash and stock offer of $8.5bn from Dollar Tree.

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Categories: UAE News

Former IBM Chief, John Akers Passes Away at 79

UAE News - Mon, 08/25/2014 - 11:37

John Akers, the former Chairman of International Business Machines Corp. (IBM) died of a stroke on Friday at the age of 79. ld.

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Categories: UAE News

Stephen hawking’s biopic to release in November

UAE News - Sun, 08/24/2014 - 09:54

According to reports, Stephen Hawking's biopic titled, "Theory of Everything" is scheduled to be released during the month of November.

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Categories: UAE News

Gap Stores to Make Its Way to India

UAE News - Fri, 08/22/2014 - 10:08

Gap Inc. the mega-retailer from San Francisco is planning to tap the Indian market and cash in on the purchasing power of the country's 1.2 billion people with an introduction of forty franchised stores which are scheduled to open in the coming year.

Gap said that it is working closely with Arvind Lifestyle Brand Ltd. for opening of its store to open stores in the world's second most populated country.

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Categories: UAE News

Last Week Lesser Number of Jobless Claims Filed, Points at Steady Labour Market

UAE News - Fri, 08/22/2014 - 10:05

There are more signs which show that the economy is rolling and on the path of a rebound as fresh reports says that last week lesser number of people filed for unemployment. This is a positive mark that reveals signs of a steadily improving labour market.

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Categories: UAE News

Amazon to Offer More Imported Good in China with Signing of a Deal

UAE News - Thu, 08/21/2014 - 11:14

Although Amazon is a big name as far as U. S. is concerned but the online retail giant has not been able to penetrate the market that well in China. In the first quarter on the current year the company had only a 2.9 percent share of the online retail market of the country that deals with business to consumer.

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Categories: UAE News

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