46% of Americans are not loyal to their banks, finds survey
A latest survey highlights that majority of Americans are loyal to one bank, while 46.1% have two or more bank accounts. Women deal with fewer banks and men tend to do multiple banking, according to survey by GoBankingRates. Majority Americans keep less than $1,000 in their savings accounts.
Dec 07, 2015 9:37 PM EST
China's budget airline spread wings to cover more routes
The cost-cutting measures at corporate companies are creating more demand for budget airlines in China. A majority of business travellers are also preferring to fly by budget carriers. The four budget airlines are making profits in Chinese domestic aviation. The budget airlines account for seven percent of China's domestic air travel and is expected to grow over 100 percent in next five years.
Ferrovial offers broadspectrum A$715M in Cash
Ferrovial SA offered A$715 million for Broadspectrum Ltd., almost a year after the company rejected its previous bid. However, lots of investors are unhappy with the new offer as it presents an opportunistic bid.
Asian stock markets boosted after U.S. jobs report
Asian stock markets traded higher after the US jobs report suggested the likelihood of the Federal Reserve to rise interest rates in next week. Stock benchmark traded higher in Japan, China, South Korea, Singapore, Taiwan, Philippines, and Indonesia.
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A long-stretched financial winter looms over Hong Kong
Hong Kong's financial hub has slipped into pressure following the continuous economy slowdown in China and concerns about possible interest rate hike by US Federal Reserve. The GDP of Hong Kong's financial center is expected slip over two percent. The latest probe by Chinese authorities into financial markets is also creating tremors among hedge funds, fund managers, brokerage firms and banks.
Dec 07, 2015 9:24 PM EST
Terror attacks in California, Paris cost Travel industry $8.2B
After the recent terror attacks in California, as well as Paris and other parts of the world, 10 percent of American travelers cancelled booked trips, costing the travel industry a potential $8.2 billion.
Dec 07, 2015 8:03 PM EST
Bugatti partnered with Palmer Johnson to create$3.5M super-yacht
Bugatti partnered with Wisconsin-based Palmer Johnson to develop an open-superyacht called Niniette, which costs $2.1 million to $3.5 million.
Dec 07, 2015 6:50 PM EST
Motorola Solutions Acquires Airwave for $1.2 Billion
Motorola acquire UK's Airwave for $1.2 billion to enhance its service business in mobile communication.
Dec 07, 2015 8:07 AM EST
IRS, With State Dept Now Have the Power to Deny Passport If Taxes Aren't Paid
In a new bill passed alongside the FAST Act, the IRS gains the ability to deny citizens their passports if they're found to be in more than $50,000 in back taxes.
Dec 07, 2015 6:52 AM EST
The Site of 5 Deaths During Paris Attacks, French Cafe Reopens Its Doors
La Bonne Biere has reopened its doors after gunment attacked the cafe, killing 5 people on the terrace.
Dec 07, 2015 6:49 AM EST
Chinese News Staff Suspended After Saying Xi "Resigned"
Four staff members of the China News Service are suspended for accidentally reporting that the speech President Xi Jinping held in Africa was his resignation.
Dec 07, 2015 6:42 AM EST
Five Years for a Second Chance: Japan's Akatsuki Probe Attempts Venus Again
Japan Aeropsace Exploration Agency's Akatsuki probe has a second attempt to enter orbit around Venus after failing the first time five years ago.
Dec 07, 2015 6:39 AM EST
New Oxford Study Suggests Tech Companies Do Not Create Jobs for the Many
A recent study published has suggested that the future of jobs will be in the digital sector, but due to the structure of these tech companies, fewer people are needed.
Dec 07, 2015 6:34 AM EST
Human Infants Help Teach Robot Infants, with Help from UW Robotics Team
A team at the University of Washington has published a study showing that it seems possible for robots to learn tasks and goals by watching and imitating human actions.
Dec 07, 2015 6:30 AM EST
US Jobs Stable, But is the US Economy Ready for Faster Rate Hikes?
Becuase of promising data on the state of jobs in the US, the Federal Reserve will likely increase interest rates, but still only has skeptical answers to questions about the future.
Dec 07, 2015 6:17 AM EST
Peterson Automotive Museum Reopens with Exciting New Technology and New Exhibits
In Los Angeles, the Peterson Automotive Museum reopens after renovations. It took a little over a year to do it, but the Petersen Automotive Museum met its deadline and is ready to open its doors after under going $90 million in renovations.
Dec 07, 2015 6:12 AM EST
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