Florida County okays incentives to space firm Blue Origin
Florida County has approved incentives plan for Blue Origin, promoted by Amazon Chief Executive Jeff Bezos. Blue Origin will get $8mn grant for setting up a rocket manufacturing unit. It'll also launch rockets made its factory. Another space company that got incentives approval earlier is Lockheed Martin corp.
Sep 03, 2015 12:07 AM EDT
Fiat Chrysler to transfer Jeep Cherokee production out of Ohio
Fiat Chrysler Automobiles will move the production of its Cherokee out of its current Toledo, Ohio to prepare for the production of the new redesigned pickup Wrangler.
Congress considers CRS proposal to increase social security benefits, retirement security
Congressman Alan Grayson came up with a legislation called “Seniors Deserve a Raise Act” that would give recipients of Social Security an increase for elders, and improve the retirement security.
Eric Rosengren hints at gradual rise in rates
Boston Fed President Eric Rosengren opines that low inflation rate would help government keep interest rates at lower level. He also hinted that US Fed might go for interest rate hike in a gradual manner and it might happen now or after few months.
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Undisclosed paid advocacy made Wikipedia ban 'black hat' accounts
Wikipedia has become a default source of information but with its ‘black hat’ accounts, many are thinking twice if they will still trust the website. A lot of misleading accounts had been banned already because of the incident.
Sep 03, 2015 12:00 AM EDT
Introducing Intel’s Skylake processor
Intel introduces a new line of PC microprocessors they call Skylake today. The chips are designed to bring life back into the slow sales of PCs since smartphones and tablets became more popular.
Sep 02, 2015 11:58 PM EDT
Edenworks greenhouse rooftop yields cheaper and healthier produce
Jason Green co-founded Edenworks, a startup that applies vertical and aquaponics farming. It reduces energy and water supply costs. At the same time, it produces healthier and more flavorful crops.
Sep 02, 2015 11:57 PM EDT
US construction spending at 7-year high
The latest data from the US Commerce Department reveals that construction spending grew 0.7 percent to $1.08 trillion showing seven-year high. the construction spending has been growing for the past eight months continuously.
Sep 02, 2015 11:54 PM EDT
Defective Takata airbags count lower than estimate
Original count of defective airbag inflators higher than NHTSA count due to double counting. This number covers 11 different car manufacturers and is much lower than the original estimate of 34 million. Around 4 million airbags need repair and 19 million vehicles are involved in the recall.
Sep 02, 2015 5:28 AM EDT
The rise of Robo Advisors in wealth management
The rise of robo-advisors is a big issue among investment firms these days. Is it a boon or is it headed to its doom? Robo-advisers were developed on the premise that most of what the Registered Investment Advisors (RIA) do can be replicated by advanced software.
Sep 02, 2015 5:24 AM EDT
Calpers and Calstrs oppose amendment in Bylaws at Bank of America to combine CEO, chairman role
The California Public Employees’ Retirement System and the California State Teachers’ Retirement System joined forces to oppose corporate bylaw changes at the Bank of America Corp to stop Brian Moynihan from becoming both chief executive and chairman.
Sep 02, 2015 5:23 AM EDT
McDonalds McMuffins will be available all day long starting October 6
McDonald's gave in to 120,000 customer requests to serve breakfast items all day. For a few months, McDonald's has been hearing customers saying how much they wanted to have an Egg McMuffin not only for breakfast but any time of the day.
Sep 02, 2015 3:42 AM EDT
Valeant partners with AstraZeneca for psoriasis drug
AstraZeneca and Valeant Pharmaceuticals share rights to latest psoriasis drug brodalumab in a deal amounting to more than $400 million.
Sep 02, 2015 3:21 AM EDT
Canada slides into recession as oil prices dip
Canada is now officially in a recession after registering two consecutive quarters of negative growth. The oil exporting economy was particularly hit hard by slumping oil prices, which are now half their level last year.
Sep 02, 2015 3:17 AM EDT
KMART pays $1.4M under False Claims Act
Kmart paid $1.4 million for violating the False Claims Act, said the U.S. Justice Department Tuesday. The Sears Holdings Corp.-owned chain illegally used drug manufacturer coupons and gasoline discounts to invite elderly Medicare healthcare insurance beneficiaries to fill their pharmacies' prescriptions.
Sep 02, 2015 3:17 AM EDT
Make Good Fortune Flying your Drones
Your drone can give you great fortune, that is if you know how to fly your drone and comply with the rules. You can make money flying your drone.
Sep 02, 2015 3:14 AM EDT
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