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Updated: 5 hours 47 min ago

GM May Have to Pay Record High Penalty for Ignition Switches

8 hours 35 min ago

The U.S. government is deciding whether General Motors or some of the company's employees will be facing criminal charges for faulty ignition switches in some of the models delivered by the car maker said a source that is familiar with the investigation.

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Categories: UAE News

West Coast Port Troubles End with New Agreement

Sat, 05/23/2015 - 09:17

On Friday, the eleven months old disagreement which had slowed down activities on the ports along the West Coast, ended with the endorsement of a new accord with the Longshoremen.

A labor contract that was being worked upon for the last four months was finally signed officially by the International Longshore and Warehouse Union marking and to the slowdown that created a hold up and delay for goods and traffic coming in and being dispatched all over the world.

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Categories: UAE News

Microsoft’s Negotiations for Salesforce has Ended

Sat, 05/23/2015 - 09:11

Microsoft seems to have dropped its bid for acquiring Salesforce, which is a global cloud computing company.

Reportedly, Microsoft had offered about $55 billion to Salesforce, which was rejected by its Chief Executive Officer Marc Benioff as he was looking for a price tag in the range of $70 billion. Salesforce, the company based in San Francisco is still under negotiation talks for a future takeover.

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Categories: UAE News

Lenovo Reports Growth in Revenues by One Fifth

Thu, 05/21/2015 - 08:30

On Thursday, Lenovo reported a growth in revenue by one fifth for the fiscal year, in spite of the emerging competition in the smartphones and PC markets.

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Categories: UAE News

Etsy Inc. the Online Handicraft Bazaar Reports Greater than Expected Loss Owing to Higher Expenses

Wed, 05/20/2015 - 10:43

Etsy Inc., the online crafts store, reported a greater than expected loss in its first earnings report as a public company. The main reason behind the weak profits is attributed to the expenses that are associated with a restructuring which the company said would help it lower the tax bills in future. The expenses incurred ran into millions of dollars.

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Seventy Musicians Audition to get Approval to Play in NYC Subway Stations

Wed, 05/20/2015 - 10:41

Although, street musicians in the New York City bring much joy to the listeners, yet everyone does not get a chance to play in the subway stations of New York City.

A large number of musicians played a number of instruments in front of a panel of judges auditioning for approval of official which will give them a chance to showcase their talents in the subways of New York City.

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Categories: UAE News

Gains Noted in Southern California Home Sales Marking a Rise in Prices

Wed, 05/20/2015 - 10:39

Home sales as well as prices in Southern California have revealed some upward movement for a continued second month in April following a stretch of stagnation. However, the gains may be an indication of a hard summer for buyers as the supply of houses are expected to go down which is already heading for a declining supply of homes.

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Categories: UAE News

This Summer Air Travel is in Big Demand But Fares Remain Flat Making the Travellers Happy

Tue, 05/19/2015 - 12:37

As the economy becomes better, millions of U.S families are choosing to opt for faraway vacations which they have shunned following the Great Recession. Looking at the change of temperament, the airlines say that busiest summer months are expected this year.

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Categories: UAE News

WTO Ruled Against U.S COOL

Tue, 05/19/2015 - 12:35

On Monday, the World Trade Organization (WTO) ruled against the U.S. and said that labelling the origin where the meat was raised discriminates against the livestock coming from Canada and Mexico.

United States Country of Origin Labelling (COOL) has an issue of dispute for long, as Canada and Mexico says that it brings down the value of cattle as well as hogs that are shipped in the U.S.

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Categories: UAE News

Resolved Dispute a Go Ahead for Rio Tinto’s $5.4 Billion Mine Expansion in Mongolia

Tue, 05/19/2015 - 12:33

After two years of tense negotiation, a US$5.4 billion expansion project of Rio Tinto PLC's mining project in Mongolia is all set to move ahead.

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Categories: UAE News

Federal Investigators did not find any Evidence of Object Hitting Windshield of Amtrak Train

Mon, 05/18/2015 - 09:12

The U.S. federal investigators are examining the cause of the commuter train crash that happened last week in Philadelphia, but has so far not found any record of an object hitting the windshield as reported by an engineer.

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Categories: UAE News

This Summer Season is Expected to be One of the Busiest for Carriers Says U.S. Airlines Group

Mon, 05/18/2015 - 09:10

The strong U.S economy has a good reason to make the U.S airlines expect a good summer travel season. They expect to reach an all time high this year said Airlines for America, a trade group based in Washington.

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Categories: UAE News

Icahn Enterprises Invests $100 million in Lyft Inc

Sat, 05/16/2015 - 10:13

Icahn Enterprises LP, in an unusual move invested $100 million in the ride-sharing company, Lyft Inc. Carl Icahn's investment in the company boosts the momentum of its speedy expansion. However, it still lags far behind its rival Uber as far as the cash pile is concerned.

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Categories: UAE News

Starbucks’ Mobile App is Being Used by Hackers to Steal Money from Customers

Sat, 05/16/2015 - 10:10

Starbucks fans better be beware of hackers who can easily steal money from customers' accounts and siphon it to their own, using the reloadable gift cards that are bought through the mobile payment app of the coffee chain.

Starbucks recommends that its customers must use passwords that are strong and unique.

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Categories: UAE News

Washington to be a ‘No Drone Zone’

Fri, 05/15/2015 - 11:27

Yesterday in a statement, the Federal Aviation Administration (FAA) said "Leave Your Drone at Home" as the United States declared that Washington will be a "no drone zone", especially the close proximity of a number of government buildings such as the White House, Pentagon and the Capitol Hill.  The violators might face big fines and criminal penalties said the agency.

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Categories: UAE News

Data Breach Confirmed by Sally Beauty Holdings Inc. for Some of its US Stores without Naming the Locations

Fri, 05/15/2015 - 11:24

Sally Beauty Holdings Inc. announced on Thursday that there has been a data breach in some of their stores. The company also said that customers debit card and credit card numbers also might have been leaked. However, the company did not come out with the names of the states or stores where the breach might have occurred and that was not appreciated by its customers.

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Categories: UAE News

PIMCO's Chief Investment Officer for Global Equities to Depart as firm Liquidates Two of Its Equity Strategies

Fri, 05/15/2015 - 11:23

On Tuesday, PIMCO, the money management firm said that its chief investment officer for global equities, Virginie Maisonneuve will be resigning as the firm is closing two of its equity strategies.

In 2010, PIMCO made a drive to move into the field of active equities as it said that its investors required a firm which would be able to manage money in all levels of equity classes.

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Categories: UAE News

Fannie Mae Accused of Discriminating Neighborhoods on the Basis of Races by Fair Housing

Thu, 05/14/2015 - 12:44

National Fair Housing Alliance has accused Fannie Mae, the mortgage lender discriminating against neighborhoods that were not dominated by the white people. The complaint pertains to thirty four cities all over the U. S. including Cleveland. On May 13, the complaint was lodged with the U. S. Department of Housing and Urban Development in Washington D. C.

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Categories: UAE News

Borrowers be Aware of Deceptive Debt Relief Companies

Thu, 05/14/2015 - 12:42

One of the hot topics in recent times has been the student loan debt, just like mortgage woes, which topped the discussion list just a few years back.

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Categories: UAE News

J.C. Penney Raises Sales Guidance as First Quarter Loss is Smaller than Last Year

Thu, 05/14/2015 - 12:40

On Wednesday, J. C. Penney Co. reported smaller loses in the first quarter in comparison to last year and also raised its yearly sales guidance.

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Categories: UAE News

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