YouTube revamps its look

YouTube-LogoYouTube has unveiled its makeover for the users and it is believed that the new look shall gather more onlookers than earlier.

Google's subsidiary -the online video streaming site which works on sharing and displaying videos, had stated in end of January that it will come up with the makeover. The most popular video sharing website is now with all pumped up features and of course not to forget its the beta version.

UK’s manufacturing activity goes up

ManufacturingThe manufacturing activity in UK has finally seen some good figures. After staying down for a very long time, it touched its best monthly performance, ever since October 1994. This has been recorded by a research done by Markit and the Chartered Institute of Purchasing and Supply.

As per the research, the data has shown that the purchasing mangers' index (PMI) has risen by 57.2 for the month of April. This is higher than the 56.5 figure that appeared in February.

JetBlue and American Airlines form JV

american-airlines-JetBlue-logoTwo major airline sector players- American Airlines and JetBlue Airways, on Wednesday declared that they are entering into a partnership. As per this, the two will combine together and offer the flight connections to New York and Boston.

The good thing is that, now, JetBlue can connect its customers to 12 destinations including international ones from JFK and Boston. They can also book their flights to 18 domestic destinations as well.

The other service is that the passengers can now book both legs of their flights at the same time.

Citi’s life insurance unit prices IPO above expectations

Primerica-CitigroupPrimerica Inc., the life insurance business of Citigroup Inc., has priced its IPO above the expected range. This was told by an underwriter, on Thursday, and has been possible because of the larger than expected turnaround for the IPO.

It managed to sell 21.36 million shares with a face value of $15 each. At this rate, it can get $320.4 million. Earlier, it had planned to sell 18 million shares. The value of each share at that time was kept between $12 and $14.

FSA charges seven with insider trading

Financial-Services-Authority001The financial regulator, Financial Services Authority (FSA), has charged seven people of being involved in insider trading. It alleged that these people were involved in the ring that went on to trade which was worth £2.5 million.

The investigations regarding this are still on.

This is not the first time that these seven have been arrested and questioned regarding this issue. Earlier, in July 2008, they were taken into custody by the FSA. Since then, 35 investigators have been studying and investigating the whole issue.

Sensex starts new fiscal on a positive note

SensexThe Bombay Stock Exchange benchmark index, Sensex climbed 164.85 points or 0.94 per cent to 17,693 on the first trading day of the new financial year on strong cues from the global market.

The broad-based NSE nifty on the other hand moved 41.40 points or 0.8 per cent to 5,290.

Despite giving away early gains on back of lower than expected industrial output figures for the month of March, the Sensex gained in the afternoon session with renewed interest shown by investors in stocks of IT, capital goods and metal companies. FMCG stocks, however, ended the day with a sore note.

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