Asian stocks reel under pressure ahead of Fed meeting
Asian stocks fell further after hovering at three-week lows amid weaker oil prices. The statements from the US Federal Reserve and European Central Bank (ECB) further worsened the situation., The ECB reduced deposit rates and this discouraged the market. The forthcoming jobs data and inflation numbers will set the tone for US Fed, which will meet in December to take a decision on interest rate hike.
Dec 04, 2015 4:13 AM EST
Oregon nut butter recalled amid Salmonella outbreak
JEM Raw is recalling all flavour of its sprouted nut butter spreads as the CDC and U.S. health authorities investigate Salmonella-related illnesses that may be linked to the product. The are 11 people in 9 states infected by the Salmonella in age between 1 and 79.
Chinese regulator defends its intervention in securities market
China Securities Regulatory Commission (CSRC) has defended its interventions in the market as it prevented further volatility after the August crash. The intervention was justified as foresight on the part of Chineses officials to prevent a possible market crash.
Opec members lock horns over who should cut down production
The latest meeting of OPEC in Vienna concluded without any decision on the production level. Saudi Arabia is believed to have proposed production cuts if non-OPEC nations join them. OPEC members are also discussing on who should cut the production. There's no conclusion after the one hour-long meeting.
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Amazon tops the 10 tech stocks in billionaires' trading
Technology stocks have been at the center of attention for billionaire traders on the Wall Street this year so far. Amazon leads the top-traded technology stocks among high net worth traders on the buy list. After recording encouraging gains in 2015, the FANG (Facebook, Amazon, Netflix and Google) stocks may witness reverse trend in 2016, forecast market analysts.
Dec 04, 2015 2:31 AM EST
Volvo unveils the 2017 S90 premium hybrid sedan with semi-autopilot feature
Volvo has introduced the 2017 S9 premium sedan at its headquarters in Gothenburg, Sweden. The new sedan is the sedan version of Volvo XC90 with a similar engine, design, infotainment, and platform proportion. The S90 will go on the public at the Detroit Auto Show next month.
Dec 04, 2015 2:28 AM EST
Fiat-Chrysler rolls out winter wheel and tire packages
Fiat-Chrysler Automobile launches new winter wheel and tire packages through its parts group Mopar. The winter sets come with 1,100 of wheel-tire combinations and available at FCA dealerships. The packages are priced between $242 and $292 per tire.
Dec 04, 2015 2:23 AM EST
Grupo BTG Pactual shares and bonds plummet, ratings downgraded after billionaire CEO Andre Esteves detention extended by court
Following the arrest of Banco BTG Pactual's CEO billionaire Andre Esteves, the Supreme Court in Brazil extended his detention indefinitely. Shares and bonds of Banco BTG plummeted while Moody's Investors Service downgraded its baseline credit assessment by two levels.
Dec 04, 2015 2:18 AM EST
General Electric agreed to pay $2.25M penalty for air pollution
General Electric Co. will pay a $2.25 million in civil penalty for releasing unsafe levels of air pollution former silicone plant in Waterford.
Dec 03, 2015 9:57 PM EST
Fiat Chrysler Delays Launch of Alfa Romeo, Maserati models due to Chinese economic slowdown
Fiat Chrysler Automobiles will delay the introduction of its Maserati Alfieri sports car and Giulia-based Alfa Romeo SUV as its sales are affected by the slow economic growth of China.
Dec 03, 2015 9:52 PM EST
Australian authorities says new analysis shows they're searching for the Malaysian airliner Flight 370 in the right place
Australian authorities said that new analysis confirms they are searching in the right place for the Malaysia Airlines Flight 370, which disappeared on March 8, 2014 carrying 239 people.
Dec 03, 2015 9:49 PM EST
Google Donates Around $1 Million On Education In Android Pay Charity Campaign
Google Donates up to $1 Million on Education projects through Android Pay Apps for a Charity Campaign.
Dec 03, 2015 9:38 PM EST
Last Boeing C-17 Globemaster III cargo plane departs from Southern California
The Last C-17 Globemaster III made history in a Boeing plant in Southern California area's thriving aerospace industry with a flyover.
Dec 03, 2015 9:19 PM EST
Microsoft is Preparing Surface High-End Smartphone
Microsoft is preparing its Surface smartphone, the high end series to be available next year. Surface phone will be the new high end smartphone from Microsoft.
Dec 03, 2015 8:21 PM EST
Uber Tested Two New Services in Seattle and Denver
Uber is testing its color coding system in Seattle and its car rental program in Denver. Both programs are aimed to increase the service.
Dec 03, 2015 7:46 PM EST
'Nano Terminator' Particles: Made from liquid metal, Seeks and destroys cancer cells
Liquid metal particles created by researchers have shown that they can send chemotherapy drugs directly to cancerous cells and also allow doctors to find cancerous areas.
Dec 03, 2015 4:51 AM EST
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