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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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."
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.
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.
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.
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.
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.
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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