US consumer credit growth below forecast in October
The consumer spending slowed down in October. The latest data from the US Federal Reserve indicated the cautious approach of American consumers ahead of major shopping season in the country. The consumer spending rose $15.98 billion to $3.5 trillion in October as against $38.5 billion growth registered in September. The auto and student loans propelled the consumer growth in October.
Dec 08, 2015 5:04 AM EST
Toshiba to pay $59.8 million for their accounting violations
Toshiba could pay a record-breaking fine for its accounting violations. Japan's Securities and Exchange Surveillance Commission recommended that Toshiba should be fined a record-breaking 7.
Student loans eligibility restricted to those who can borrow for higher education
The surging number of student loan delinquincies has raised a debate whther to underwrite student loan policies or not.
Takata downplayed air bag crisis and lost major investor because of it
Takata’s manner of facing their air bag crisis has lost them one of their biggest investors. How Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management.
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Orbital ATK takes off with vital NASA gear to the International Space Station
Orbital ATK’s Atlas V Rocket successfully took off en route to the International Space Station. After its year long hiatus, Orbital ATK with the Atlas V rocket successfully launched its unmanned Cygnus cargo spacecraft carrying important supplies and NASA gear to the International Space Station.
Dec 08, 2015 4:00 AM EST
Sony Will Offer Unbelievable $100 Package for Sony PlayStation’s One Year Subscription on 8th December 2015
The PS4’s paid streaming subscription services have recently got a makeover. Sony PlayStation is unveiling their latest money-saving 1-year subscription at approximately $100.
Dec 08, 2015 1:07 AM EST
GE turns down $3.3B Electrolux acquisition
General Electric Co. pulled out of the agreed $3.3 billion acquisition of Sweden’s Electrolux AB, succumbing to pressure brought by the U.S. Justice Department, which was blocking the sale due to antitrust issues.
Dec 08, 2015 12:52 AM EST
A Philippine judge clarified the ruling of his court, suspending the application of permits by prospective drivers
Philippine judge Santiago Arenas clarified Saturday that the ruling in a Quezon City regional trial court doesn’t stop operations of ride-sharing companies like Uber and GrabCar, but only suspend the application of permits by prospective drivers.
Dec 08, 2015 12:42 AM EST
Apple joins Hour of Code project by using stores as classrooms to teach coding
Apple offers all its 468 stores worldwide as free classrooms to support the annual Hour of Code. This year, Apple is supporting the annual Hour of Code program by using all of its 468 stores all over the world as temporary classrooms teaching coding.
Dec 08, 2015 12:37 AM EST
GoPro cuts Hero 4 Session price again to only $200
GoPro’s Hero 4 Session is now only $199.99 after two price cuts from $400. After cutting its price down to $300 from $400, GoPro slashed its Hero 4 Session price once again by $100 to only $200 now.
Dec 07, 2015 11:18 PM EST
Vietnam sees property rebound as more prefer mortgage than cash in buying homes
Vietnam is experiencing a real estate property rebound as thousands of first-time home buyers choose loans to buy their houses and pay mortgage for up to 15 years, increasing the real estate loans by 22 percent in 2015.
Dec 07, 2015 11:14 PM EST
Credit market faces $1 trillion problem from borrowers looking to refinance their debts
Lower quality, high yield, and leveraged loan borrowers are looking to refinance their loans, which is expected to reach up to $1.05 trillion to $1.2 trillion worth of low quality speculative grade debt.
Dec 07, 2015 11:09 PM EST
Great customer service is genuine customer service, according to experts
Patrick O’Conell, FRHI Executive VP Doug Carr, and Sara Kearney from Hyatt said great customer service is about being genuine, it shouldn’t be fake, developing a different personality, or scripted.
Dec 07, 2015 10:39 PM EST
Verizon to start offering Wi-fi calling to customers using the latest Samsung mobile devices
Verizon will roll out its Wi-Fi calling for its customers with Samsung's Galaxy S6 and S6 Edge starting December 8.
Dec 07, 2015 10:24 PM EST
The BMW i8 Spyder will be in production very soon, says CEO Harald Krueger
BMW CEO Harald Krueger said a production version of the BMW i8 Spyder, which was first seen as a concept in the Beijing Auto Show back in 2012, will be introduced very soon.
Dec 07, 2015 10:19 PM EST
Giant social media companies step up their fight against online Islamic militants in secrecy
Social media giants, Facebook, Twitter, and Google, are now stepping up their efforts to fight propaganda and recruitment done by Islamic militants online, but they are doing so quietly to avoid any misconceptions.
Dec 07, 2015 10:05 PM EST
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