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

US News - 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

US News - 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

US News - 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?

US News - 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

US News - 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

US News - 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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Citigroup Reports Biggest Full Year Profit in Almost a Decade

Banking Sector - Sat, 01/16/2016 - 08:54

Citigroup Reports Biggest Full Year Profit in Almost a Decade

On Friday, Citigroup Inc. reported its largest full-year earnings in almost ten years. That shows that the strategy of the firm to get leaner is working to its advantage.

However, shares of Citigroup dipped 6.4 percent which is a bigger drop compared to other banks or considerable size and also the wider market. Drop in oil prices and slowing economy in China has not worked well for financial institutions in the past year. Compared to its contemporaries, Citigroup has greater exposure in international markets which also includes Asia.

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Blood test approval could save babies form Down’s Syndrome

Health News - Sat, 01/16/2016 - 03:19

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According to a new report, hundreds of babies could be saved from Down's Syndrome after the NHS gave its approval for a blood test.

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Categories: Health News

NHS not to seek family’s approval for organ donation

Health News - Sat, 01/16/2016 - 03:14

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UK's health service, the NHS has said that it will no longer seek permission from bereaved families of registered organ donors.

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Categories: Health News

Roman Sanitation Systems were Innovative, but didn’t Improve Public Health

Health News - Sat, 01/09/2016 - 10:47

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The book 100 Ideas That Changed the World calls the Romans 'ahead of their time' for their adoptions of public toilets. Despite of the fact that ancient Romans were more well-known for things like military prowess and leafy hats, they have also been lauded for being awesome at toilets.

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Categories: Health News

Brazil’s Central Bank Plans to Take Action as 2015 Inflation Rate Surpasses Target

Banking Sector - Sat, 01/09/2016 - 08:51

Brazil’s Central Bank Plans to Take Action as 2015 Inflation Rate Surpasses TargetBrazil's inflation rate grew at a rate beyond the government's expectations for 2015. It was at its highest level compared to figures noted in almost last twelve years.

The more than ten percent rate is an indication for the government to take action to control prices in spite of growing recession.

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Thermo Fisher Scientific Inc to Buy Affymetrix for $1.3 Billion

Company News - Sat, 01/09/2016 - 08:42

Thermo Fisher Scientific Inc to Buy Affymetrix for $1.3 BillionThermo Fisher Scientific Inc., will expand its range of laboratory equipment used by scientists and biologists as it buys Affymetrix Inc.

The Waltham, Massachusetts based company agreed to buy Affymetrix Inc. in a deal that's valued at approximately $1.3 billion.

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Colm Kelleher, Named as the New Morgan Stanley President

New Zealand Business - Thu, 01/07/2016 - 08:46

Colm Kelleher, Named as the New Morgan Stanley PresidentOn Wednesday, Morgan Stanley promoted Colm Kelleher, its investment banking chief to the post of president. Now, Kelleher is the heir apparent to the present CEO James Gorman. The company also said that Greg Fleming, the current head of wealth management will leave the company.

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Firearm Manufacturer Smith & Wesson Raises Earnings Guidance

New Zealand Business - Tue, 01/05/2016 - 08:00

Firearm Manufacturer Smith & Wesson Raises Earnings GuidanceOn Monday, Smith & Wesson Holding Corp., the Firearm manufacturer raised its projections for revenue and adjusted profit in the current quarter and also the fiscal year. The gun show season had a strong start and also promises strong sales.

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Central Bank of Nigeria Says the Country’s Foreign Reserves Dropped to U.S. $29.13 Billion

Banking Sector - Sat, 01/02/2016 - 08:04

Central Bank of Nigeria Says the Country’s Foreign Reserves Dropped to U.S. $29.13 BillionOn Thursday, the Central Bank of Nigeria said that the foreign exchange reserves in the country dropped to 29.13 billion dollars on December 29.

On its website, the bank said that the drop in reserves represented 2.43 percent from $29.31 billion which was recorded on December 23.

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London’s Expensive Property Market Advertises Cheapest Flat for about £75,000

Real Estate - Mon, 12/28/2015 - 08:34

London’s Expensive Property Market Advertises Cheapest Flat for about £75,000London has one of the costliest property markets in the world and its cheapest flat could come for something more than £75,000.

Advertised on Zoopla, the British property website covering the residential property market, the cheapest flat of London comes for that price. The studio apartment is a significant 84sq foot property and is being offered in the market.

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Adam Siegel Former- RBS Bond Trader Pleads Guilty

Banking Sector - Tue, 12/22/2015 - 08:27

Adam Siegel Former- RBS Bond Trader Pleads GuiltyOn Monday, Adam Siegel a thirty seven year old bond trader pleaded guilty of conspiring to deceive the customers Royal Bank of Scotland Group Plc by misrepresenting the prices of bond transactions which he and some others handled for them. This was an effort to spike up the profits for the bank.

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JPMorgan to Pay $307Million to Settle Probe by SEC and CFTC

Company News - Tue, 12/22/2015 - 08:18

JPMorgan to Pay $307Million to Settle Probe by SEC and CFTCJPMorgan Chase & Co. agreed to pay $307 million to end a probe by the Securities and Exchange Commission and the Commodity Futures Trading Commission which lasted for almost two years. The probe disclosed flaws and the bank admitted to two wrong doings.

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NetApp Acquires SolidFire Getting the Best of Flash and Cloud

New Zealand Business - Tue, 12/22/2015 - 08:14

NetApp Acquires SolidFire Getting the Best of Flash and CloudNetApp, the data storage company wants have the best of both the hot trends in the fast changing storage industry as it makes a US$870 million acquisition of startup SolidFire.

The publicly traded company NetApp announced that it has acquired SolidFire, which counts among those startups which made a place in the market for itself selling fast all-flash storage hardware. It's a cash deal.

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