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AIG Quarterly Profit Surpasses Analysts’ Estimates; Increases Buyback by $5 Billion

AIG Quarterly Profit Surpasses Analysts’ Estimates; Increases Buyback by $5 Bill

The biggest commercial insurer in the US and Canada, American International Group reported (AIG) an operating profit for the last quarter which beat the analysts' estimates. The company also increased its share buyback plan by up to $5 billion.

Can New Orleans School Improvements Be Made a Model for Rest of the U.S?

Can New Orleans School Improvements Be Made a Model for Rest of the U.S?

The education system in New Orleans revolutionized after Hurricane Katrina hit the Louisiana city in 2005. A report released on Monday, by the Tulane University says that although there has been distinct improvement in the public education system of the city, it might not be feasible to be duplicated elsewhere in the U.S as a model plan.

Delta Air Lines Inc. Ban Transportation of Big Game Trophies

Delta Air Lines Inc. Ban Transportation of Big Game Trophies

On Monday, Delta Air Lines Inc. announced that it will no longer allow any shipments of big-game carcasses better known as 'trophies' on the hunting parlance of lion, elephant, rhinoceros, leopard and buffalo on its aircraft.

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy Court for the Eastern District of Virginia

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy

It is not recent news that the U.S. coal industry is going through a distressing period with oversupply in the global market, low prices and increasing regulations from the governments stressing on lowering pollution.

Mt. Gox Bitcoin Head Arrested on Sunday for Suspected Misuse of Bitcoins

Mt. Gox Bitcoin Head Arrested on Sunday for Suspected Misuse of Bitcoins

Reportedly, fresh allegations have brought against, Mark Karpeles, for misusing $8.9 million from the customer deposits.

According to a Japanese media report, the head Mt. Gox Bitcoin exchange which collapsed last year was arrested in Tokyo on Saturday. He was alleged to have misused customer's money and provide falsified data.

Consortium of German Automakers Acquiring HERE Map Business from Nokia

Consortium of German Automakers Acquiring HERE Map Business from Nokia

In an announcement on Monday's a consortium of German automakers said that they are acquiring HERE map business from Nokia Corp.

The automakers Audi, BMW and Daimler will incorporate the technology into automotives and ultimately in the autonomous driving.

HSBC Holdings Plc Agrees to Sell It’s Brazil unit to Bradesco for $5.2 Billion

HSBC Holdings Plc Agrees to Sell It’s Brazil unit to Bradesco for $5.2 Billion

On Monday, in a statement HSBC Holdings Plc said that it is selling its unprofitable Brazilian unit in a deal worth $5.2 billion to Banco Bradesco SA. The unit has given unsatisfactory performance for years.

Fourth Corner Credit Union’s Bid for Permission to go Into Business Rejected by Federal Regulators

Fourth Corner Credit Union’s Bid for Permission to go Into Business Rejected

Although Marijuana businesses are legal in Colorado but they do not have much option when it comes to the banking system and have to rely much on cash transactions because pot business is considered illegal under the federal law.

Nebraska Gov. Ricketts and Lt. Gov. Foley to Traveling to Japan in Trade Mission

Nebraska Gov. Ricketts and Lt. Gov. Foley to Traveling to Japan in Trade Mission

Nebraska is looking forward to promote foreign trade and investments. To uphold the cause, on Thursday the governor announced that Governor Pete Ricketts and Lt. Gov. Mike Foley will be traveling to Japan in September. Japan is the third biggest export market for Nebraska.

Fennica , the Icebreaker Leaves for Arctic Waters as Portland Police Remove Protestors

Fennica , the Icebreaker Leaves for Arctic Waters as Portland Police Remove Prot

On Thursday, after facing protest from environmental activists, Fennica the Royal Dutch Shell icebreaker finally left the dry dock in Portland heading towards the Pacific Ocean. The ship is headed for Arctic drilling operations.

Latest News

AIG Quarterly Profit Surpasses Analysts’ Estimates; Increases Buyback by $5 Bill
Can New Orleans School Improvements Be Made a Model for Rest of the U.S?
Delta Air Lines Inc. Ban Transportation of Big Game Trophies
Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy
Mt. Gox Bitcoin Head Arrested on Sunday for Suspected Misuse of Bitcoins
Consortium of German Automakers Acquiring HERE Map Business from Nokia
HSBC Holdings Plc Agrees to Sell It’s Brazil unit to Bradesco for $5.2 Billion
Fourth Corner Credit Union’s Bid for Permission to go Into Business Rejected
Nebraska Gov. Ricketts and Lt. Gov. Foley to Traveling to Japan in Trade Mission
Fennica , the Icebreaker Leaves for Arctic Waters as Portland Police Remove Prot
PPIC’s Poll Reveals Californians Divided in Opinion on Climate Change Impacting
Chairman Says the Boeing Company May have to Move Some Operations Overseas if Ex
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