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Out Look for Oil Future Remains Weak Though Brent Crude Moves Above $48

US News - Wed, 01/21/2015 - 09:51

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The price of oil edged up a little on Wednesday giving some positive hint to support the present levels which have seen prices slipping for the past few months. However, looking at the oversupply of crude oil the analysts are worried that the outlook appears to be bleak for the coming six months.

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Categories: US News

BOJ Trimmed Its Inflation Forecast and Expanded Loan Scheme Aimed at Boosting Lending

US News - Wed, 01/21/2015 - 09:49

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On Wednesday, the Bank of Japan trimmed its forecast for inflation, for the next fiscal year and extended a loan scheme which is intended to boost lending. These actions were probably takes to avert criticism pointed at the bank saying that it is sitting casually without any effort as a drop in the prices of oil push the inflation levels further drifting it away from its planned target.

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Categories: US News

Layoff Reports at DreamWorks Animation following Changes in Higher Management Level

US News - Tue, 01/20/2015 - 11:39

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On Monday, reportedly a labour union said that a round of layoffs has started in DreamWorks Animation SKG Inc. Some reports from the media signalled at a job cut number from the studio's workforce which is close to 400.

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Categories: US News

Oxfam Warns About Growing Inequality in Global Wealth Gap

US News - Tue, 01/20/2015 - 11:36

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The inequality in distribution of wealth globally is worrying the business leaders as well as the politicians as a new report from Oxfam reveals that only eighty of the richest people in the world currently own the total amount of wealth which equals to the bottom 3.5 billion people all around the world.

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Categories: US News

Hoax Bomb Threat Leads to Searching for Explosives in Two Planes at Kennedy

US News - Tue, 01/20/2015 - 11:33

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On Monday, the authorities at the Kennedy Airport said that after getting a call for a possible bomb threat, two planes were searched, but finally it proved to be a bogus call.

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Categories: US News

IMF in Its Quarterly Global Outlook Lowers Global Growth Forecast

US News - Tue, 01/20/2015 - 11:18

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Late on Monday, The International Monetary Fund released its quarterly global outlook in Washington. It came out with the steepest cut in the last three years for the global-growth outlook for the year. According to the IMF reports the picture appears bleak with lowered expectations roughly everywhere but the U. S., where the low oil prices are counterbalancing the expansion.

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Categories: US News

Fund Cuts at IRS may Delay Refunds and lead to Fewer Audits

US News - Mon, 01/19/2015 - 11:04

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The budget cuts at the IRS are leading to several problems. It might also include a trimming in audits for individual tax returns. The Internal Revenue Service is planning a temporary shut down as a result of the cuts in its budget.

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Categories: US News

At Kennedy Airport JetBlue Plane Aborts Takeoff on Sight of Another aircraft Crossing the Runway

US News - Mon, 01/19/2015 - 11:02

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In an uncalled for incident a JetBlue plane had to abort a takeoff from the Kennedy Airport as another aircraft without permission unexpectedly crossed the runway.

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Categories: US News

Uber Plans to Expand to European Cities Promises 50,000 jobs

US News - Mon, 01/19/2015 - 11:01

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Travis Kalanick , the chief executive officer of the fast expanding online taxi-sharing services Uber said that he is looking forward to a wide expansion plan in Europe for the company in 2015.

In a conference in Munich, he said that Uber may create as many as 50,000 jobs in case its "new partnership" with the with European cities work out.

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Categories: US News

Growing Demand for New Homes in China Curb Fall in Prices

US News - Mon, 01/19/2015 - 10:58

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The market for new homes in China has something to celebrate about. In December, the city of Shenzhen recorded higher prices for new homes. This was the first city among the many being tracked by the Chinese government which posted an increase in the prices for the first time in the last four months.

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Categories: US News

Has Kim K ended feud with Beyonce?

Kim Kardashian - Mon, 01/19/2015 - 07:13

Washington, Jan 19 - Kim Kardashian and Beyonce recently buried their feud rumours by going on a double date in LA with their husbands Kanye West and Jay-Z.

An eyewitness told E! Online that it didn't seem like Kardashian and West were celebrating anything specific, just getting together while the 33-year-old singer and Jay-Z are in town.

The source continued that Beyonce was laughing a lot and she looked good, really happy.


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Intel’s Mobile Division Struggles but the PC Business is Back on Track

US News - Sat, 01/17/2015 - 14:00

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For 2014, the mobile division of Intel Corp. reported an operating loss of US$4.21 billion. Though it will have an overall effect on the profits but there is good news from the PC business of the company as it is "reinvigorated."

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Categories: US News

Wet Seal Files for Bankruptcy

US News - Sat, 01/17/2015 - 13:59

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Another teen clothing chain is going out of business and has joined the team of teen fashion companies that have filed for bankruptcy in the last two months.

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Categories: US News

Citigroup Earnings in Q4 Dented Due to Slow Trading

US News - Sat, 01/17/2015 - 13:57

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Citigroup's fourth quarter earnings were dented by a larger than expected slowdown in trading. It resulted in a failure to meet the profit expected by the analysts which was already low.

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Categories: US News

Cookies Sales by Girl Scouts Go High Tech

US News - Sat, 01/17/2015 - 13:54

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The Girl Scouts cookie sales started to go high tech last year with its pilot programme of cookie sales through its website. People using Apple iPhones and iPads could also use it as an app.

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Categories: US News

Jennifer Aniston believes 'icy vibes' with Jolie slowly coming to end

Angelina Jolie - Sat, 01/17/2015 - 06:24

Washington, Jan 17 - Jennifer Aniston, who is not in talking terms with Angelina Jolie due to Brad Pitt, was spotted at a same event with the actress for the first time in more than five years.

The 'Friends' star said at the premier of her movie 'Cake' that according to her not talking to Jolie is slowly coming to an end, E! Online reported.


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Categories: Celebrity News

General Motors CEO Mary Barra Reflects on the First Year in Office

US News - Thu, 01/15/2015 - 11:04

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Mary Barra, the first female CEO of General Motors revealed her surprise on the wave of attention that her appointment got from the media about one year ago. She said that it definitely mirrors the backward view which the automotive industry holds.

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Categories: US News

Retail Sale Figures in U.S Fall in December; Analysts See No Reason to Worry

US News - Thu, 01/15/2015 - 11:02

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As the job market the gas prices fall theoretically the consumers should respond with more spending. But that is not what is happening on ground. In reality the Americans have actually cut down on their spending last month.

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Categories: US News
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