Black Lives Matter & Mall of America in Loggerheads: One Fights For Causes, Another Secures Property
Black Lives Matter, a rights organization, appears in loggerheads with the Mall of America, while announcing a rally on next Wednesday at the latter’s premises unlike previous year, protesting the gruesome killing of Jamar Clerk, a black youth of 24 years, allegedly due to the shooting of two Minneapolis police officer. Since the mall is private property, so authority of the mall, empowered with related court order, vows to protect its guests even through dispersing the protesters.
Dec 18, 2015 5:50 AM EST
Amazon Shuns Selling Hoverboards: Fire Risk Demands for Stringent Implementation of Consumer Act
Amazon, the online sales store has decided to shun selling of self balancing scooters or hoverboards after Trading Standard, Product Safety watchdog confiscated some 15,000 hoverboards, those have been brought to UK for selling. Non compliant UK plugs, faulty chargers and cables have caused fire incidences in UK, USA and Hong Kong. Moreover, faulty design containing lithium ion- powered battery emits radiation that may cause fire and so aircraft have also slapped ban on carrying any sort of self driving scooters.
Oracle Profit Forecasts For Q 3, 4: Sluggish Growth Blamed While Currency Woes Predominates
The California based software giant’s profit forecast for the third and fourth quarter has failed touch the Wall Street investors and its price has been observed to fall by 1% in extended trading. Rising concerns over stronger Dollar has been considered as the attributed factor in forecasting while many blames for sluggish growth of its cloud business ignoring its growth figure of 31% during the last quarter.
Orders from Obama Administration: The Colorado Marijuana Lawsuit Rejected by the Supreme Court
Obama administration supports Colorado and asks Supreme Court to reject the neighboring state pleas. The marijuana legalization is supported by the Obama administration in this case.
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Deutsche Wohnen CEO warns Vonovia $10.9 Billion hostile Bid to Fail
Deutsche Wohnen warned its shareholders that the Vonovia SE $10.9 billion hostile takeover on the company will fail.
Dec 17, 2015 9:04 PM EST
New Zealand Economy grows faster Than Q3 Forecast
New Zealand's economy grew 0.9 percent in the third quarter, faster than what was expected by economists. It was buoyed by greater spending in the manufacturing and retail sector.
Dec 17, 2015 8:09 PM EST
Cigarettes Losing Popularity: Marijuana, the Preferred Choice for the Teens
The cigarette smoking has reduced by 55% in last 5 years. This is the first time that the reports showed an increase in daily marijuana consumption outshining cigarettes in the last 4 decades.
Dec 17, 2015 6:17 AM EST
Frutarom buys Wiberg: Raises its sales target to $2 billion by 2020
Israel’s Futarom, leading flavor and fine ingredients maker has announced that it is to acquire Austrian savory flavor maker Wiberg for $130 million. Futarom has aimed its sales target to $2 billion by 2020.
Dec 17, 2015 4:21 AM EST
Seattle passes law: Uber and Lyft drivers to form Unions
Seattle City has become the first in the nation to pass a bill allowing Uber, Lyft and other ride-hailing services to form unions over pay and working conditions.
Dec 17, 2015 4:07 AM EST
Kleppierre join hands with Entra: Oslo Shopping Center to be bought for $578 million
Kleppierre, jointly with Entra has signed a sale and purchase agreement to acquire Oslo Shopping Center. The companies have agreed to buy the shopping center for $578 million.
Dec 17, 2015 4:03 AM EST
Pravin Gordhan returns as new Finance Minister: South Africa’s banking index goes high
South African President Jacob Zuma has decided to reappoint Pravin Gordhan as Financial Minister after removing David van Rooyen from the position. Gordhan will take over this position again which he had held previously for five years. Following this, shares in South Africa’s banking index surged to 15 percent.
Dec 17, 2015 3:54 AM EST
Major U.S. Banks Raise Prime Rates After Federal Reserve Hike
Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.
Dec 17, 2015 3:51 AM EST
US housing surges 10.5% in November
The US housing activity rose 10.5 percent in November. The construction activity in the single-family housing touched eight-year high. Builders turned optimistic on the US housing market. The mortgage rates are set to go up after the US Federal Reserve hiking the interest rate.
Dec 17, 2015 3:50 AM EST
Third Avenue Management Obtains Exemptive Relief for Focused Credit Fund
Third Avenue Management LLC ("Third Avenue" or the "Adviser"), an investment adviser to private and institutional clients, today announced that the Adviser and the Third Avenue Focused Credit Fund ("FCF") have obtained exemptive relief from the Securities and Exchange Commission ("SEC") to continue to protect shareholders of FCF following modification of the Plan of Liquidation for FCF.
Dec 17, 2015 3:40 AM EST
Russia's Ukraine bond is official sovereign debt: IMF
IMF's board has confirmed that Russia's holding of Ukraine bond is sovereign debt, but not a commercial bond. The due date on payment of Ukraine bond is 20 December. Russia is gearing up to take legal action if Ukraine doesn't pay within a 10-day grace period.
Dec 17, 2015 3:36 AM EST
Moody's lowers rating on South Arica to 'negative' from 'stable'
South Africa's rating has been downgraded by Moody's from stable to negative. The sluggish economy, rising risks and political pressures are primary reasons for downgrading. The most developed nation in Africa is lagging in human and physical infrastructure resources. The country needs to enhance the skills set of people to make them employable.
Dec 17, 2015 1:53 AM EST
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