Blue Origin's rocket returns safely after space flight; Jeff Bezos sees suborbital flights by 2017
Jeff Bezos' Blue Origin has successfully completed space flight as its rocket safely landed back in West Texas. Blue Origin has achieved a rare distinction of testing a reusable rocket, which will significantly reduce space flight costs.
Nov 26, 2015 3:24 AM EST
Sluggish PC, printer sales push HP profit forecast lower
The sluggish sales in PCs and printers is impacting Hewlett-Packard Co's financial performance. The company on 1 November 2015 split into two entities-- HP Inc and Hewlett Packard Enterprise Co (HPE). HP Inc lowered profit forecast for the first quarter as it recorded profits below the market expectations during the third quarter.
The Polaris Slingshot Is A Thrilling Three-wheeled Roller-Coaster Track Ride
The European and Canadian companies were having fun until American companies decided to join the three-wheeler ring by unveiling Polaris Slingshot three-wheeler, a thriller roller-coaster track ride. Now, with Slingshot, being stable yet adventurous is possible at a time.
U.S Government Is Putting Huge Effort To Pace Up With The Surging Demand Of Weapons
The demand of weapons and firearms are growing rapidly around the globe. U.S government is trying their best to keep up with the rising demand of arms sales.
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Google, Facebook among Silicon Valley majors to lead India's broader free internet
India is poised to receive broader free internet shortly as several US technology majors are working on their projects to bring over a billion people online. India's Prime Minister Narendra Modi had met top officials from US technology firms and sought their cooperation in making India online.
Nov 26, 2015 12:39 AM EST
Stockpiles help US growth beat forecast in Q3
The US economy grew 2.1 percent during the third quarter as against the forecast of 1.15 percent. However, the growth rate slowed down when compared to 3.9 percent in the second quarter.
Nov 25, 2015 4:06 AM EST
Carl Icahn picks 7.13% in Xerox, says it's undervalued
Billionaire investor Carl Icahn picked 7.13 percent stake in Xerox Corp paving his way to the company's board. Icahn gave a statement that Xerox shares are undervalued as the stock fell over 20 percent this year so far.
Nov 25, 2015 3:50 AM EST
Despite easing foreign trade, Russian markets turn attractive
Ever since the imposition of economic sanctions, the Russian economy is suffering from weakening foreign trade. Exports and imports, move steeply, only to drop during January-September period. Despite the rise in oil and natural gas exports, the oil price drop in dollar value is eroding the gains.
Nov 25, 2015 3:47 AM EST
Britain Expand Its Military Spending In Defense Against Islamic State
George Osborne, Britain's finance minister announced on Sunday that UK will increase military budget. Britain intend to purchase several defense equipment including maritime patrol aircraft from Boeing and Lockheed Martin's F-35 fighter jet.
Nov 25, 2015 2:52 AM EST
Scientists genetically modified mosquitoes to be malaria-resistant
Scientists at the University of California created mutant mosquitoes that are resistant to malaria, impairing their ability to transmit the disease to humans. The breakthrough, using gene-editing technology, may help eliminate the disease.
Nov 25, 2015 2:46 AM EST
IKEA Reaches Out to Refugees By Providing Them with Shelter: Company cuts down profits
IKEA, the Swedish furniture making company announced to cut of its profit to help the refugees. It said that it will donate 1 euro ($1.06) to the UNHCR, the UN Refugee Agency, for every LED product sold. Earlier this year, it donated over thousands of specially designed shelter tents for the refugees.
Nov 25, 2015 2:42 AM EST
Oil supply glut creating traffic jams at sea
The rising levels of oil inventories are resulting in more supplies and this is creating traffic jams of tankers on the seas shores and along the US Gulf Coast. The floating storage of crude oil rose three times. A number of oil tankers are queuing up waiting for offloading.
Nov 25, 2015 2:20 AM EST
Morocco to build the world’s largest solar power plant
Morocco will build the largest solar power plant in the world to provide electricity in the country by 2020. The first phase of the project will go online next month. Morocco also plans to export its solar energy to other countries in Europe.
Nov 25, 2015 2:16 AM EST
Ackman Established Superiority On Pershing By Raising Its Stake In Valeant Pharmaceuticals
Activist investor Ackman has recently announced that Pershing has increased its amount of stakes in Valeant Pharmaceuticals. According to experts, this decision will play an interesting role in the besieged drug maker’s strategy.
Nov 25, 2015 2:09 AM EST
Jack Dorsey, retail investors win, while underwriters lose in Square IPO
The IPO from Square has set a new record by receiving an overwhelming response on its listing day. the stock rose 45% giving more cheers to investors. Forbes has done some assessment on who are the winners and losers in Square IPO.
Nov 25, 2015 12:13 AM EST
UK allots £1B fund for the eradication of malaria, other infectious diseases
The UK government will be spending £1 billion for the eradication of malaria and other infectious diseases. To fight against these dangerous diseases, the UK government is setting up a £1-billion fund to be spent over the next five years. The UK is working on this ambitious project in partnership with Bill and Melinda Gates.
Nov 24, 2015 10:57 PM EST
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