Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people
Puerto Rico is increasing its sales tax to 11.5% from 7% on July in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country’s bottom line and its countless poor people.
Aug 18, 2015 6:50 AM EDT
America Movil to cut roaming charges to prevent AT&T from stealing market shares in Mexico
As AT&T moves to Mexico, America Movil announced that it would eliminate its roaming charges to prevent its rival from stealing the market share in their home turf.
New York Manufacturing Index shrinks to -14.92 level; its lowest since 2009
A New York Federal Reserve survey reveals that manufacturing activity in the state has dropped to the lowest point since 2009.
BP faces over $28 million fine as FERC judge upheld price rigging charges
FERC issued a Show Cause Order to BP for the $28 million fine over price rigging charges in 2008. This is the latest among a series of multi-million cases against BP.
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Star Wars Galaxy will soon land in Disney theme parks
Disney announces plans to add their biggest themed parks to date. Guests will be transported to a whole new Star Wars world.
Aug 17, 2015 9:26 AM EDT
London SMEs have more money in the bank than the national average
Hampshire Trust Bank found out in their research that London’s SMEs have an average bank savings worth £500,000, which is an amount nearly twice the national average.
Aug 17, 2015 9:20 AM EDT
Phone Home: Russian billionaire commits $100 Million in search for intelligent alien life
Russian billionaire Yuri Milner committed $100 million to a project called Breakthrough Listen, which is the most comprehensive search for intelligent life form in the universe.
Aug 17, 2015 9:13 AM EDT
Forensic science group LGC up for sale at £700m, owner Bridgepoint expects huge returns
LGC, the forensic science service provider that has been helping police solve crime is now up for grabs at £700 million by its private equity firm owner, Bridgepoint.
Aug 17, 2015 9:10 AM EDT
Donald Trump received millions from endorsing multilevel marketing company ACN
Donald Trump received millions of dollars for endorsing the multilevel marketing company ACN. Donald Trump has received millions of dollars in payments for endorsements he made for multilevel marketing company ACN.
Aug 17, 2015 4:38 AM EDT
Eurozone finance ministers approve the third bailout package for Greece
After heated debate and lengthy explanations, Greece finally gets approval of billions of new loans to reconstruct the country's devastated economy. The said loan will recapitalize Greece banks and will come in installment. Total rescue package reaches 89 billion euros or $93 billion.
Aug 17, 2015 4:32 AM EDT
Buoyed with soaring profits, Spreadex ups dividend 4 times
UK betting firm Spreadex has quadrupled its dividend payout for the year ended May 2015 as significant jump recorded in sales and profits.
Aug 17, 2015 4:08 AM EDT
NASA crowdsources a smartwatch for space; offers $1,500 to winning design
NASA is challenging programmers, UI interface designers and the likes to participate in their smart watch app interface design contest which will end on September 9. They will give out $1,500 to the winner.
Aug 17, 2015 3:16 AM EDT
Volkswagen and Mazda recalls more than 600,000 vehicles in the US
Volkswagen and Mazda to recall more than 600,000 cars to due airbag and corrosion problems. The car makers announced the recall after regulators decided to open investigations this year.
Aug 17, 2015 1:42 AM EDT
Zirtual faces lawsuit for abrupt mass layoff
Zirtual, a company that provides virtual assistants to executives, is facing a lawsuit for violating the WARN Act.
Aug 17, 2015 1:37 AM EDT
Apple charts new programs to help students from minority groups learn to code; diverstiy figures up
Apple is hiring more women and techies from the minority groups. The world's largest company's aim to achieve diversity in its workforce.
Aug 16, 2015 11:37 PM EDT
Fiat Chrysler recalls 85,816 2015 Chrysler 200 sedans due to faulty connections
Fiat Chrysler Automobiles is recalling 85,816 Chrysler 200 released in 2015. A post-production evaluation founds out that the unit has faulty connections.
Aug 16, 2015 6:26 AM EDT
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