Tesla CEO Musk suggests California to push Volkswagen to electric cars
The automobile industry leaders and experts have written a letter to California regulator asking it to confine Volkswagen to making of electric vehicles only as a punishment for cheating the customers and violating the US emissions laws. Tesla CEO Elon Musk and others signed the letter. They opine that fixing the software involves lots of money and could also lead to technical problems further.
Dec 21, 2015 5:49 AM EST
Aussie billionaire James Packer quits board amid drop in gambling revenues in Macau
James Packer, an Australian billionaire, has left the board of Crown Resorts Ltd as Chairman. Crown Resorts is suffering from a drop in gambling revenues in Macau. Packer will continue as co-Chairman of Crown Resorts. Packer has decided to focus on development projects in the US and Australia.
US gasoline slips below $2; at 6-year low
The US gasoline average retail price slips below $2 per gallon as oversupply position in the global energy sector continued. The gasoline price at $1.999 per gallon is indicating its lowest in over six years. The US economy is witnessing a rare combination of falling price and rising demand. The recent decision by Opec not to reduce production level is keeping more pressure on global oil price.
Packer is in discussion to take Crown's assets private
James Packer’s Consolidated Press Holdings is in speculation that it was going to team up with private equity and take parts of Crown Resorts private. The circulated news cause its share price to soar higher and was query by the Australian Stock Exchange.
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Secret Santas pay $484,000 for Walmart layaway shoppers in three states
Mistery Santas gave Christmas gifts to Walmart's shoppers in three states by paying off their layaway orders. The total amount of anonymous donations reached $484,000.
Dec 20, 2015 9:51 PM EST
Is the Fed hike the silver bullet that can bring economic prosperity back?
The US Federal Reserve has increased the interest rate by quarter percentage. Will it bring back the economy to normal, asked the economists. Purely linking interest rate hike, inflation and oil price drop doesn't serve the purpose., caution economists. There's also associated risks for emerging markets as well, caution economists.
Dec 20, 2015 9:31 PM EST
Fiat Chrysler buys emission credits from rival auto majors
Fiat Chrysler Automobiles NV has purchased 5.5 million emission credits from Toyota and Honda. Another one million credits from Tesla. Fiat Chrysler ended 2014 with a credit balance and without this purchase also, it would have been emission compliant, according to a report from the Environmental Protection Agency. Fiat Chrysler ranks last in fuel efficiency when compared with rival auto majors.
Dec 20, 2015 9:23 PM EST
Brazil Judge lifts 48-hour ban on WhatsApp
A Brazilian judge lifted the 48-hour ban on phone-messaging app WhatsApp in the country. The 48-hour ban on phone-messaging app WhatsApp in Brazil, which caused users in the country to switch to Telegram, was lifted.
Dec 20, 2015 4:46 PM EST
Brazil's unemployment rate down 7.5% November, surprising analysts
Brazil's unemployment rate went down 7.5 percent in November, whichis lower than the 8 percent that 37 analysts from Bloomberg expected.
Dec 19, 2015 1:56 AM EST
Star Wars fan goes on epic rant after Egypt cancelled the movie due to faulty copy
IMAX Theatres in Egypt cancelled the screening of Star Wars: The Force Awakens sending one fan into an epic rant against the theatre company.
Dec 19, 2015 12:45 AM EST
Village Doctor in Cambodia Infected 280 People with HIV
Unlicensed doctor infected 280 people in Cambodia with HIV because of reusing the syringe. Cambodia has its own style of medical treatment, which almost everyone that sees a doctor or come to a hospital will be given an injection or intravenous drip.
Dec 18, 2015 10:15 PM 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.
Dec 18, 2015 5:41 AM EST
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.
Dec 18, 2015 5:36 AM EST
After the Outbreak, Chipotle Struggles To Find Alternative Food Peparation Method
After a devastating series of food poisoning in its restaurants nationwide in 2015, Chipotle has to change their food preparation practice.
Dec 17, 2015 9:54 PM EST
The Aftermath of China Smog Red Alert
For the first time in since adopting the four-tier emergency response program for air pollution, last week Beijing issued red alert for smog as the air pollution in China get worse.
Dec 17, 2015 9:51 PM EST
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.
Dec 17, 2015 9:43 PM EST
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