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Atlanta's airport clocks 100mn passenger traffic in 2015

Hartsfield-Jackson Atlanta International Airport has become the world’s first to achieve 100-million passenger traffic in a single calendar year. The world’s busiest airport received its 100 millionth passenger on 27 December 2015 and felicitated him with loads of gifts. Atlanta’s airport had been the world’s busiest airport for 17 years in a row as of 2014.

Jan 01, 2016 08:32 PM EST

Apple May Face Tax Evasion Charges Again in the US After Italy

Apple Inc. is believed to tatter while confronting series of accusations for illegal tax dodging. Agreement for payment of unpaid tax liability in Italy establishes the event of tax dodging through amassing wealth in Ireland for its lower corporate tax rate. Now US tax authority’s claim for intended fund holding in a bid to evade tax may get huge momentum.

Jan 01, 2016 05:44 AM EST

New concept of McDonald’s opens in Hong Kong

McDonald's has opened a new dining concept called McDonald's Next. Located in Hong Kong, McDonald's Next offers new futuristic design with new features for the unique dining experience.

Dec 31, 2015 06:57 AM EST

Facebook will face shareholder class action regarding its 2012 IPO

Manhattan district judge ruled that Facebook Inc. must face group claims by investors. The case is regarding the company previous statement that misled investors about its financial condition in the run-up to its May 2012 initial public offering.

Dec 31, 2015 06:06 AM EST

International Robotics Show Witnesses World’s First Sensitive Robot Chef

Moley Robotics has attained the honor to represent world’s first sensitive robot chef, well versed not only in cooking but also in cleaning the utensils. The commercial version of the prototype will be available in the market in 2017. After unveiling the kitchen prototype in International Robotics Show, the robotics pioneer has been approached by major players in the restaurant industry, airlines, kitchen developers and even chef training schools.

Dec 31, 2015 06:54 AM EST

Julius Baer reaches agreement over U.S. tax cases with $200 million extra provisions

The Swiss bank Julius Baer has reached an agreement with the U.S. officials to set aside $200 million of additional provisions to settle tax evasion issue. The U.S. officials investigate the Swiss bank whether it helped American clients evade taxes.

Dec 31, 2015 12:28 AM EST

Toshiba Restructuring is Backed By Public Fund

Japanese government prepared a state-backed fund to help Toshiba restructure its business.

Dec 31, 2015 01:05 AM EST

Toys R Us Closed Its Manhattan Flagship Store

Toys R Us closed its Times Square flagship store on Wednesday. The company is looking for a location for new store in Manhattan area.

Dec 31, 2015 12:49 AM EST

Spotify Was Sued $150 Million For Unpaid Royalties

Spotify the music streaming company is facing a $150 million class action suit from musicians over unpaid royalties

Dec 30, 2015 11:57 PM EST

Walter Energy wins court approval to stop paying retiree benefits

A federal judge published a ruling that approve the bankrupt U.S. company Walter Energy to stop paying retiree benefits to its employees and move forward to sell its assets.

Dec 30, 2015 03:09 AM EST

Energy investors hope forecasts by Saudi, Iran to go wrong

Energy investors and analysts feel that the price forecasts of Saudi Arabia and Iran are wrong. The realistic oil price may be $20 a barrel in short term if present oversupply persists. Saudi Arabia sees oil price at $29 a barrel and Iran at $40 in the near term. Saudi Arabia has slashed down its budget spending for 2016.

Dec 29, 2015 11:47 PM EST

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