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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$70 million to resettle refugees in the United States, announces President Obama, in the face of growing crisis
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 First US State To Welcome Gas Price At $0.77, Gas Tax Hike Likely
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.
Tullow Oil Plc Expects a Revenue of $1.6 Bln for 2015, 28% lower than 2014
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.
Formula trumps over casual tag line: Mathematician gets the better of McDonald’s
A simple formula by an ace mathematician has managed to challenge the 'endless' claim on its slogan by the fast food giant, McDonald's
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Previously, the company has also purchased German's KraussMaffei Group. Also, Chinese companies investment overseas is growing.
A $2 million study relieves Uber of the blame of adding to New York traffic congestion. The study basically refutes the allegations made by Mayor de Blasio, and throws up several more findings which hints at commercial car industry needing sweeping reforms.
The 24 Hours of Nürburgring will see Toyota breaking away from its conventional ways, to enter three models in this year's Toyota Gazoo Racing. Among which, one is a cross-over machine and Toyota's next production venture.
Survey said that Southeast Asian children are 20% more active when it comes to mobile devices than U.S children, making them the most digitally engaged in the planet.
Periscope's broadcast videos can now be played directly in Twitter's app. But the change is yet to be made in Twitter's Moments.
Ethiopia's Agricultural Ministry has terminated its agreement with Indian company's Karuturi Global Ltd. last month on the grounds that the company has not made enough progress as agreed upon. Karuturi has claimed that the government has prevented it from making any further progress and will take legal action to fight the cancellation.
Some $46.5 billion treasuries have been reported to liquidate during the first two weeks of the New Year. The present reserve for $2.962 trillion appears to be the lowest since November. China has been reportedly withdrawing funds and injecting to the market to keep hold its currency in place. Considering its financial reserve, it is widely believed that further outflow of US treasuries, possibly with greater vicinity will take place in the coming months.
A slate group, upholds ‘Free Harvard, Fair Harvard’ slogan to get elected for the Board of Overseers. Harvard’s total assets have reached to $37.6 billion and the group proposes to maintain the tuition fees from the income generated from its own assets. Ahead of soaring tuition costs, the slate group’s campaign has been analyzed as an electoral propaganda.
TrueBridge Capital Partners announced the closing of its fourth venture capital fund-of-funds on January 13. The fourth fund-of-funds is secured at its $400 million hard cap.
