Woolworths considers pulling out of Masters, following a Lowe’s buyout
The supermarket giant, Woolworths has finally announced its decision to wrap up its home improvement project, Masters. After incurring heavy losses for almost four years, chairman Gordon Cairns has decided on selling or shutting down the operations. For this, the company his approached its joint venture partner, Lowe's, to buy out its 33.3% stake in Masters., but it may take several months to sort out the exit options.
Jan 18, 2016 9:39 PM EST
South African House Prices to Decline in 2016, According to Retail Bank
South African retail bank said the country's house price will decline in this year. Fitch Ratings also remarked South African residential property and mortgage markets outlook to weaken further facing microeconomic challenge.
Panama Will Use Japan Technology to Build Central America's First Monorail This Year
The project could start as soon as this year and is estimated to be completed in 2022. The transportation project would established Central America's first monorail.
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YouTube Announces HDR Support
YouTube has announced support for inclusion of the HDR technology to the streaming of its videos. The HDR technology will improve quality of the streaming in terms of quality. And that means colors and contrasts and details will come through in a better way. For YouTube users that would mean the videos that they upload would come across with greater quality. The announcement for HDR support was made by YouTube Chief Business Officer Robert Kyncl at CES in Las Vegas on 5th Jan 2016 where 3500 exhibitors showed their latest products and services with 150 000 attendees.
Jan 13, 2016 3:38 AM EST
Battle of Smartphone Watches : Apple's Mickey Mouse vs Samsung's Snoopy
Samsung is gearing to do battle with Apple in the smartwatch market. Samsung unveiled two new colors for its new Gear S2 smartwatch namely, rose-gold and platinum. Designer Colombo working for Samsung has included classic characters from Snoopy to match Apple's Mickey Mouse.
Jan 12, 2016 7:07 AM EST
Samsung Gear S2 Watch Would Eventually Work With iPhones
Samsung Gear S2 for now only works with Android phones but Samsung is going to take a step further - maybe later this year to open their Gear S2 to make it compatible with devices that use Apple's Operating System software. This would allow iPhone owners to own a Samsung GearS2 watch to make calls, send text and receive notification. The statement that GearS2 would be made compatible with iPhone and other devices that use iOS came at CES Las Vegas on 5 January 2016.
Jan 12, 2016 7:02 AM EST
North Korean Nuke Testing and Oil Price Fall Plunges Dow Jones in First Week of 2016
Rising global concerns in first week 2016 including North Korean nuke testing, fall in oil prices, sluggishness of Chinese economy, middle east tension, reservation by Federal Reserve to raise interest rates plunged Dow Jones. Markets in Europe and Asia fell as well.
Jan 12, 2016 7:00 AM EST
Martin Shkreli's $5 Million Bail Was Secured With His E-Trade Account
Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-Trade account.
Jan 11, 2016 6:58 AM EST
Dense Fog Halts Delhi Airport For 6 Hours, Further Deterioration Feared
Delhi residents have been witnessing chilling cold, drizzling and heavy fog. The Fog is so dense that visibility range has been reported to remain around 75 meters during 10 am to 4 pm. Despite adopting highest ILS, CAT IIIB, air movement has been kept stalled for around 6 hours. According to IGIA met office partly thundery weather may prevail on Sunday next.
Jan 11, 2016 6:43 AM EST
Scientists found that century-old Alexander Keith's found at Halifax Harbour is in fact beer
The 125-year-old bottle of Alexander Keith's found at the bottom of the Halifax Harbour last year is confirmed by scientists as drinkable beer.
Jan 11, 2016 6:33 AM EST
Oracle billionaire sold controlling interest in his Hawaiian Island Air
Oracle billionaire Larry Ellison's Ohana Airline Holdings LLC will sell a controlling interest of Island Air to venture capital investment company PacifiCap.
Jan 11, 2016 6:14 AM EST
United Airlines fined $2.75M for mistreating disable passengers, making travellers wait
The United Airlines was fined $2.75 million by the U.S. Transportation Department for violating the tarmac-delay rule and mistreating passengers with disability.
Jan 11, 2016 5:33 AM EST
McDonald’s gets a multi-color makeover as CEO pushes the company to be a modern, progressive burger company
McDonald’s launched a new makeover for its packaging using bold, bright colors on cups, boxes, and bags that will become more appealing to customers.
Jan 10, 2016 10:05 PM EST
Philippine Peso, this week’s least loser among emerging Asian market
The Philippine peso is the least loser among emerging-market in Asia this week, thanks to the remittance from its overseas workers and outsourcing industry, which shielded it from the Chinese economic slowdown and increase in US interest rates.
Jan 10, 2016 10:02 PM EST
Tax refund to take longer due to IRS tighter security against fraud
Taxpayers who would file their tax return beginning January 19 will have to wait until March 1 to get their tax refund due to the tighter security the IRS will implement to prevent tax frauds.
Jan 10, 2016 9:58 PM EST
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