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Updated: 1 year 44 weeks ago

Charney’s bid for American Apparel still under Question

Thu, 01/21/2016 - 08:51

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American Apparel Inc., the Los Angeles based clothing manufacturer, designer and retailer is better known for its "Made in the U. S. A" fashion. Not only that, its sexually charged advertising has drawn much attention in the past. It joined tome of its peers which focus mainly on teen fashion and filed filing for bankruptcy in October.

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Viacom Inc. Cuts Down Executive Chairman’s Pay in Fiscal 2015

Thu, 01/21/2016 - 08:43

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Viacom Inc., the New York based global mass media company said that its Executive Chairman Sumner Redstone's compensation dropped eighty five percent in fiscal 2015. The company's shares are facing a tough time over the health issues of the ailing mogul.

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Wal-Mart Will Increase Wages for Most of Its Store Workers in the United States from February

Thu, 01/21/2016 - 08:37

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There is some good news for the Wal-Mart employees as Wal-Mart Stores Inc. plans to give a rise to almost all its U. S. hourly store employees in the coming month. The biggest private employer of the nation is making an effort to combat the labor market which is getting tighter and give the wage rate in the retail industry a push.

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Martin Shkreli Served a Subpoena to Testify before the Committee on Oversight and Government Reform

Thu, 01/21/2016 - 08:33

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Martin Shkreli, the American entrepreneur and financial and pharmaceutical executive who came to the limelight for sky rocketing prices of some essentials drugs, was arrested on some federal charges earlier.

Shkreli is facing other federal criminal charges accusing him of defrauding investors.

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IBM’s Profit Forecast for 2016 and Fourth Quarter Revenue Show the Company is Still Struggling

Wed, 01/20/2016 - 07:52

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IBM's 2016 profit forecast and the fourth-quarter revenue reflects that the company is still struggling to balance its shift to new technologies and has not been able to cope completely with the drop in demand for its conventional hardware, software and IT business.

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Netflix CEO Says the Company Is In ‘No Hurry’ to Expand Business into China

Wed, 01/20/2016 - 07:49

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Netflix by now has made its presence felt in most of the major countries in the world except China, which might remain unchanged for a while.

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In a Money Saving Effort Johnson & Johnson will Trim Six Percent Jobs in its Medical-Device Division

Wed, 01/20/2016 - 07:45

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In a recent step taken by Johnson & Johnson to perk up its struggling business, the company said on Tuesday, it would trim approximately three thousand jobs in the medical devices division.

The positions that will be eliminated accounts for 2.5 percent of the 127,000 global employees and six percent of its medical-device division.

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Investors File a Lawsuit Over Millions of Dollar Payment to Viacom Chairman who was Not Mentally Capable

Wed, 01/20/2016 - 07:41

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In a lawsuits filed Tuesday in the Delaware Chancery Court, shareholders of Viacom and CBS are suing the media company boards for payments made to chairman Sumner Redstone, an American businessman and media magnate. They are also calling for changes to the boards.

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Elderly Dementia patients are being mistreated at hospital

Wed, 01/20/2016 - 03:05

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A new report has warned that elderly dementia patients are being mistreated at hospitals and are even ignored for hours in wards.

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New centre at Royal Marsden Hospital to boost cancer research

Wed, 01/20/2016 - 02:59

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A new centre located at the Royal Marsden Hospital is expected to help boost efforts in the field of cancer research and might help develop personalised medicines by saving samples.

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Optimism Reaches a Rock Bottom as Puerto Rico Revises its Plan to Fill Debt Financing Gap

Tue, 01/19/2016 - 07:21

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In September, the government of Puerto Rico released its five-year plan that would work to reduce the huge debt of the island and revive the economy. But, that plan seems to be too optimistic and on Monday, top economic officials of Puerto Rico said they had been too confident about the plan and is revising the plan to face the worse.


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Fourth-Quarter Growth in China Weakest Since 2009 at 6.8 Percent

Tue, 01/19/2016 - 07:15

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In the recent past years China has been the growth engine for the global economy. But the cooling in economic activities noted of late has brought in worries that conditions in the second-largest economy of the world may be deteriorating fast.

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Crude Oil Prices Fall Below $28 due to Over Supply Concerns as Sanctions on Iran are Lifted

Tue, 01/19/2016 - 07:12

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Worries are mounting as the oil prices were once again pulled down on Monday to below $28 a barrel in anticipation that lifting of sanctions against Iran will flood the oil market that's already facing a glut.

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Cola giants funded weight loss study claiming ‘diet drinks better than water’

Tue, 01/19/2016 - 04:29

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In a new revelation, the study that claimed diet versions of soft drinks are better than water for weight loss, was actually funded by an industry body that included Coca-Cola and Pepsi. The study was led by Peter Rogers, professor of biological psychology at Bristol University and was published in the International Journal of Obesity.

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Qualcomma and Guizhou province of China Signs a Cooperation Agreement for $280 Million Joint Venture

Mon, 01/18/2016 - 07:45

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On Sunday, Qualcomm Inc and government of Guizhou province of China announced a joint venture of $280 million for development, design and sale of advanced server technology. The U.S. based global semiconductor company is deepening its relations in China.

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A World Divided Over Wealth and Trust

Mon, 01/18/2016 - 07:42

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The wealth gap between the rich and the poor is growing worldwide and this is especially true for some of countries more than the others including The U.S, U.K, France and India.

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UN panel Says $40 Billion Required Annually to Help People in War and Natural Disasters Areas

Mon, 01/18/2016 - 07:31

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A panel appointed by the United Nations said that approximately $40 billion is required on a yearly basis to provide help to the ever growing number of people who require humanitarian aid due to situations of conflicts as well as natural disasters.

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What is the Future of bitcoin will it Succeed or Face a Complete Crash?

Mon, 01/18/2016 - 07:29

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Has the virtual currency bitcoin reached a crossroad where it's still uncertain whether it will succeed or turn out to be a complete failure?

One of the leading bitcoin developer Mike Hearn last week labeled the bitcoin as a failed currency and said he was selling off all his bitcoins and moving away from the currency altogether.

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Japanese astronomersdiscover massive black hole in the Milky Way

Sun, 01/17/2016 - 04:06

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A team of astronomers have said that they might have discovered what is described a massive black hole lurking in the Milky Way.


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NASA postpones spacewalk after leak in helmet

Sun, 01/17/2016 - 04:00

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American space agency, NASA has said that it had to suspend a spacewalk at the International Space Station on Friday after an astronaut reported a leak in the helmet.

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