TopNews

The shares of Shake Shack, a US burger restaurant chain, have dropped 8% in the after-hours trade after the company posted a fourth-quarter loss, for which it blamed a tax charge.

A decline of 6.3% was recorded in shares of Shake Shack to $43.98. Market analysts predicted a loss of 2 cents a share but the fast-food chain posted a loss of 5 cents a share in fourth quarter.

The company has reported a net loss of $1.4m for the period, as compared to $997,000 a year earlier.

Shake Shack Inc. shares started trading publicly in January, and fell in the extended session on Wednesday after the quarterly results fell short of Wall Street estimates.

It has been reported that the Federal Trade Commission (FTC) has charged DirecTV for deceptive advertising.

The American direct broadcast satellite service provider has been charged for deceptively advertising a discounted 12-month programming package, said FTC.

It also said that company is facing these charges because it failed to clearly disclose the norm that the package needs to have a two-year contract.

DirecTV also failed to clearly disclose that cost of the package will increase up to USD 45 per month in the second year. It also didn’t disclose the fact that early cancellation fees of up to USD 480 apply if consumers cancel the package before the end of the two-year period, the agency said.

Chinese e-commerce company Alibaba has planned to invest about $200 million in SnapChat, a photo messaging application that allows users to share self-destructing photos. The application is currently banned in China. According to an individual at Alibaba familiar with the deal, Imran Khan was the key to the deal. Imran Khan was hired by Snapchat as Chief Strategy Officer in December 2014.

Mental decline in elderly can be slowed if they include regular walk, healthy food, and proper management of metabolic and vascular risk factors in their routine.

In the Finnish Geriatric Intervention Study to Prevent Cognitive Impairment and Disability (FINGER), study researchers evaluated the effects of a comprehensive intervention on brain function. The intervention was designed with an aim to address some of the most vital risk factors linked to age-related dementia, like high body-mass index and heart health.

A volcanic island, which was formed recently in the Pacific Ocean, is attracting a lot of attention. Last month, the new island started forming off the coast of Tonga and according to experts, in the beginning, a volcano was formed under the water surface of ocean and then it expanded into the island and a mile long, cone-shaped formation was created.

Three people took amazing pictures of the volcanic island after reaching the highest point on the new island. According to the Telegraph, the men who reached the island told that the surface was still hot.

According to scientists, they have solved the mystery behind how growth of animals is controlled by environment factors. Scientists at McGill University said that they decided to identify a mechanism by which environment factors also known as epigenetic factors have an overarching effect in making quantitative variation in complex traits like skin color, intelligence, height and tendency to develop certain diseases among others.

Epigenetic experiments on ants were conducted by the researchers. It has been informed that ants were from the species Camponotus floridanus which is better known as the Florida carpenter ant. As per the researchers, the degree of DNA methylation of a gene included in controlling growth called EGFR has increased.