Archives


Latest News


Malaysia Airport seeks owner of Boeing 747s left at KLIA

Three aircraft were left abandoned in Kuala Lumpur International Airport (KLIA). When nobody came forward, operators were forced to advertise that if nobody claims it, they can sell the property. The three aircraft include two passenger aircraft and one cargo plane.

Dec 12, 2015 3:07 AM EST


Chinese researchers creates mind-controlling vehicles

Chinese researchers have come up with the idea of mind-controlling vehicles. According to them, it will be their first ever brain operating car. To operate it without the help of manual power, driver needs to wear an equipment that captures EEG signals from the driver's brain.

Dec 12, 2015 2:58 AM EST


Wall Street up, crude oil down

U.S. Stocks closed higher after three straight days of declining, as oil declined further to almost seven-year lows.

Dec 11, 2015 8:33 PM EST


Generous Texas billionaire gave each employee $100,000 incentive

Hilcorp Energy Co. founder and CEO Jeffrey Hildebrand gave each of his 1,381 employees $100,000 for hitting its goal of doubling production rate in its oilfield, has reserve, equity value, and net oil in a span of five years.

Dec 11, 2015 8:31 PM EST


Ford invests $4.5B on electric vehicles to comply with federal regulations

Ford will invest $4.5 billion on electric vehicles by 2020 to conform to federal fuel-efficiency regulations, but most especially, to provide for the customers’ needs.

Dec 11, 2015 8:06 PM EST


Saudi election finally includes women, also allowing them to vote

Women are now allowed to run for municipal council in Saudi Arabia. They are also allowed to vote. This is a step forward towards providing equal rights for women in the strict Saudi society.

Dec 11, 2015 8:00 PM EST


LG Electronics CEO was Vindicated from Vandalism on Samsung Washing Machine

LG Executive accused of vandalizing Samsung washing machine during 2014 Berlin electronics trade fair but was found not guilty.

Dec 11, 2015 10:35 AM EST


Uber Launched Desktop App on Windows 10

Uber created a desktop app to enable users hail a ride from their desktop. Unfortunately, the app is unable to work on its own.

Dec 11, 2015 10:26 AM EST


Oil slump major risk for Malaysia debt

The debt-ridden 1Malaysia Development Bhd (1MDB) is in the process of selling assets to reduce its debt. Though it has already identified buyers for its asset sale, investors say the oil price slump is the major concern over the nation's financial situation. Oil revenues account for 22 percent of total Malaysian government revenues. The government is planning to impose higher taxes to compensate oil price drop.

Dec 11, 2015 10:18 AM EST


Morgan Stanley in $225 million deal with U.S. regulator

National Credit Union Administration (NCUA) filed lawsuits against banking lenders includng Morgan Stanley for allegedly selling faulty mortgage-backed securities. Morgan Stanley without admiting its fault, has agreed to pay $225 million to seele the claims. The total value of such claims recovered by NCUA reached to $2.43 billion since 2011.

Dec 11, 2015 10:09 AM EST


Wal-Mart Marketing head Stephen Quinn to retire, says WSJ

The longtime Marketing Chief Officer of Wal-Mart Store’s Inc., Stephen Quinn, plans to step down by the end of January.

Dec 11, 2015 9:58 AM EST


US imposes new sanction to North Korea: Strategic Rocket Force added to the list

Last Tuesday, the U.S. imposed new financial sanctions targeting North Korea's Strategic Rocket Force.

Dec 11, 2015 9:53 AM EST