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Updated: 6 days 7 hours ago

KiwiRail would continue to need government assistance, Key

Wed, 04/27/2016 - 13:37

John Key, the Prime Minister of New Zealand, has said that KiwiRail might continue to rely on government subsidies as it is not likely to make a profit on its own.

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Ruataniwha water storage scheme gets backing of farmers

Wed, 04/27/2016 - 13:35

The company promoting the Ruataniwha water storage scheme has indicated that the scheme has received the backing of local farmers that will allow the successful implementation of the project proposed for Central Hawke's Bay.

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Amazon will Expands its Same-day Delivery to All Boston Areas

Wed, 04/27/2016 - 08:16

Amazon said it will extend its same-day delivery service to all Boston areas. Although the company did not say what made it change the policy but most probably the move came after last week's reports by Bloomberg that revealed, the company excluded a primarily black neighborhood in spite of being in the heart of the city, from its service area.

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Sunverge Energy launched CenterStar Energy Services LLC that Meets HECO’s New Standard Requirements

Wed, 04/27/2016 - 08:13

Sunverge Energy, the well known solar renewable energy group launched CenterStar Energy Services LLC, which satisfies a significant requirement for the company that is counted among the leading companies in the fast growing industry.

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For AT&T Wireless Margins Grows but Postpaid smartphone Subscriptions Drop in Q1

Wed, 04/27/2016 - 08:08

On Tuesday, AT&T posted its first quarter earnings results that showed it lost 215,000 branded postpaid phone subscribers in the first three months of the year. AT&T has taken up a strategy to target high-end customers but it seems that did not work out well for the wireless company. However, the company revealed a prominent increase in margins for wireless consumers.

The Dallas, Texas based company said three million customers have signed in the company's unlimited mobile data plan that is accessible exclusively to the DirecTV subscribers.

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New Zealand may introduce land tax on offshore owners of homes in country

Wed, 04/27/2016 - 03:14

The Prime Minister of New Zealand, John Key has said that the government is planning to introduce a land tax on offshore owners of homes in the country.

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More Kiwis now think international visitors add pressure on New Zealand

Wed, 04/27/2016 - 03:11

An overwhelming majority of the residents of New Zeeland still are favourable towards international tourism indicating that it promotes economic growth but the proportion of those feeling that international visitors arriving in New Zealand are putting too much pressure on the country, has grown.

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Iran Threatens to Sue the United States in the International Court of Justice at The Hague Over Supreme Court’s Ruling on $2 Billion

Tue, 04/26/2016 - 06:31

On Monday, Iran said it would move to the International Court of Justice at The Hague to sue the U. S to stop the allocation of close to $2 billion in held assets from Iran's central bank, to recompense the American victims of overseas attacks which the U. S attributes to Iranian operatives.

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French Naval Contractor DCNS wins Australia’s New Submarine Fleet Contract Worth $40 billion

Tue, 04/26/2016 - 06:27

According to sources, France surpassed bids from Germany and Japan and won the A$50 billion or $40 billion contract for building Australia's new fleet of submarines. The contract went to French naval contractor DCNS. The budding defence export industry of Japan suffered a major blow by losing the contract.

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Core Inflation Rate is Expected to be Lower in the First Quarter as Reserve Bank of Australia Publishes Data on Wednesday

Mon, 04/25/2016 - 06:18

In the first three months of the year the core inflation in Australia have probably eased further but most economists say that it will not be sufficient to power a cut in the cash rate.

According to them, the focus of the Reserve Bank of Australia on the boosting the labor market and spurring business confidence and growth means, the financial agency will look through softer consumer price data as it is expected to be published in this week on Wednesday.

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Residents of Porter Ranch Once Again Complaint about Odor in the Air

Thu, 04/14/2016 - 08:45

Once again on Wednesday, after almost a couple of months following the capping a gas leak, the residents of Porter Ranch reported of smells once more. The reports of smell of natural gas drifting through the neighborhood immediately prompted an investigation from air regulators. The complaints were made to KTLA and in a private Facebook group by the residents. A member of the Porter Ranch Gas Leak group wrote, "Awful smell at Tampa and Sesnon."  Another one replied, "Horrible gas smell hit me in the face when I came out of my car by Earl's donuts."

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NLRB Denied VW’s Request to Review Union Vote at the Carmakers Chattanooga Plant

Thu, 04/14/2016 - 08:41

A rather small group of Volkswagen workers at Chattanooga plant in Tennessee moved one step closer to being represented by the UAW or the United Auto Workers union.

On Wednesday, the National Labor Relations Board on denied VW's request for a review of an election held in December , where the majority of skilled-trades workers at the German automaker's Chattanooga plant supported to be represented by union organization. The board said that Volkswagen's request "raises no substantial issues warranting review."

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Profits Almost Halved for Pier 1 Imports in the Latest Quarter

Thu, 04/14/2016 - 08:38

Fort Worth, Texas based home furnishing retailer, Pier 1 Imports Inc. said its most recent quarterly profit has almost halved. The retailer specializing in imported home furnishings and décor with main focus on furniture and decorative accessories issued a subdued guidance for the year. Though the company is struggle to maintain its sales figures but the quarterly results surpassed expectations. Shares dropped 2.6percent in after-hours trading. In the last one year the stock has lost 47percent till the close on Wednesday.

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Cauliflower prices at record high in New Zealand

Wed, 04/13/2016 - 14:54

The price of cauliflowers rose to its highest level since the records began across market shelves in New Zealand.

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Cavalier Bremworth’s to cut jobs in Christchurch and Whanganui

Wed, 04/13/2016 - 14:48

Cavalier Bremworth's, a leading carpet maker, is planning a restructuring of its manufacturing operations that will result in the loss of around 65 jobs in its facilities in Christchurch and Whanganui.

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Senate Republicans Vow to Issue a Subpoena to EPA Chief in Colorado Gold Mine Hearing

Wed, 04/13/2016 - 08:26

On Tuesday, the Senate Republicans vowed to issue a subpoena that will require the Environmental Protection Agency administrator, Gina McCarthy to appear at a field hearing that will take place next week in Phoenix over a toxic gold mine spill which contaminated rivers in three of the Western states and lands that belong to two Native American tribes.

John Barrasso , the Wyoming Senator said that the Senate Indian Affairs Committee was scheduled to vote on Wednesday on the plan to subpoena the EPA head.

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Wind Power is a Better Option for Texas than Conventional Fossil Fuels and It is Cheaper Too

Wed, 04/13/2016 - 08:24

U.S President, Barack Obama says "America is pretty darn great right now" and the Democrats believe that climate change is real and wind energy for Texas is a better option compared to conventional oil and gas. He said that "Right now, here in Texas wind power is already cheaper than dirty fossil fuels."

Wind power has no doubt grown in the U.S, as in 2015, PolitiFact in Washington, D.C., found Obama's claim Mostly True that "America is No. 1 in wind power."

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Ford Plans to Renovate Its Corporate Headquarters

Wed, 04/13/2016 - 08:21

Ford Motor is looking for being more than just a traditional car maker. In the recent years it has moved to develop its self-driving cars, set roots in Silicon Valley and has financed ride-sharing start-ups.

All these moves are seen as its effort to be a "mobility company" and not just a car manufacturer. The main aim might be to be like Google and Tesla Motors by shaping the future of how people travel from one place to other.

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Massachusetts Drivers Happy with Dropping Gas Prices; Gas Tax Revenues for the State Increases

Tue, 04/12/2016 - 08:45

The low oil prices may be hurting the energy companies but drivers in Massachusetts are happy. Since mid-2012, the gas prices have dropped by almost half since when the mean retail price was close to $3.59 per gallon. The prices has started crawling up a little by March this year but continued to be lower than $1.90 per gallon. According to AAA, in February, the gas prices slipped as low as $1.78. The drop in prices has mainly benefitted the state in two different ways.

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BART Officials and Unions Reach Tentative Agreement Over Four Year Extension of Contract

Tue, 04/12/2016 - 08:39

On Monday, in an official announcement, the Bay Area Rapid Transit (BART) and three major unions reached an agreement of four-year contract extension. It includes raises and clauses that will avoid strikes which had earlier seen commuters face difficulty in 2013.

The tentative contract agreement includes 10.5 percent raise per employee in four years. The measure comes as officials of BART drive for a $3.5 billion bond measure to restructure its old infrastructure which will be voted for, in November.

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