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Stagecoach Beats Umbrella, Overrides Power Sector Debacle Through Contribution From Real Estate

Both Wells Fargo and Citigroup have been badly hit with the historic low oil price. The Walls Street banks have heavy investment in energy portfolio and the industry is passing through a nightmare since 2008. Both the banks have been forced to keep provision against the default power investments. But real estate portfolio has helped Stagecoach to leave behind the umbrella with its greater contributions predicted earlier.


South African House Prices to Decline in 2016, According to Retail Bank

South African retail bank said the country's house price will decline in this year. Fitch Ratings also remarked South African residential property and mortgage markets outlook to weaken further facing microeconomic challenge.

Microsoft Works To Improve Poor Battery Life of HoloLens, Its First Augmented Reality (AR) Product

Microsoft has started to display HoloLens, its first AR product at its flagship stores in New York. Unlike similar products developed by other competitors, the WiFi device has a very poor battery life. The tech giant is working to transform the device devoid of such shortcomings and expects to make it available in the first quarter of the current year.

Woolworths considers pulling out of Masters, following a Lowe’s buyout

The supermarket giant, Woolworths has finally announced its decision to wrap up its home improvement project, Masters. After incurring heavy losses for almost four years, chairman Gordon Cairns has decided on selling or shutting down the operations. For this, the company his approached its joint venture partner, Lowe's, to buy out its 33.3% stake in Masters., but it may take several months to sort out the exit options.


Latest News

The website for students and lecturers should have displayed links to class resources and informations. But instead, it showed pictures of militants and the verses of Quran in Arabic.
With the advancement of technologies, businesses would prefer robots or artificial intelligence as workers. However, the industries would still need growing numbers of certain skilled workers.
Spotify and Genius work together to provide a better and deeper music experience for their users. Fact Tracks shows lyrics, along with annotations from the community or the artist itself.
President Obama's plan to stall the growing migration crisis has culminated into a global fund of $70 million, to help refugees find a home in the United States, or anywhere in the world. A new cap of 1,00,000 refugees per year from 70,000 goes to indicate the gravity of the situation.
Michigan appears to be the first US state to enjoy gas at $0.77 a gallon. The states closer to the refineries or containing those, enjoy gas at a relatively cheaper price. In the blink of further oil price fall, the US states, who are badly hit due to falling oil price, are considering to increase gas tax. These states aim to continue development works in communication sector, which they are unable to allocate with the problem riddled economies.
Oil explorer Tullow expects to report revenue of $1.6 billion for the year 2015. The company also anticipates its impairment charges to be $0.9 billion for the full year.
A simple formula by an ace mathematician has managed to challenge the 'endless' claim on its slogan by the fast food giant, McDonald's
Japan's Prime Minister's focus on improving the nation's day care facilities to help women population work. This, he believes, plays a pivotal role in improving the sluggish economy as well as their ageing population.
Skype has finally announced the addition of its long-awaited feature - free group video calls. This will be available for all Android, Windows and iOS mobile phones. The application is said to support around 25 participants in a group video call.
Chipotle, the fast food chain, is facing federal investigation following multiple back-to-back outbreaks of E.Coli, norovirus and Salmonella which affected hundreds of people in more than nine states. The company has proposed a shutdown of all its operations for a few hours to hold an emergency meeting regarding this food safety crisis.
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