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Sainsbury holiday sales meet forecast on non-food revenues
UK's second largest retailer J Sainsbury Plc registered revenues for the third quarter as per the forecasts. The total retail sales of Sainsbury were up 0.8 percent excluding fuel and were down 0.7 percent including fuel as against the analysts' average forecast of 0.6 percent decline for the quarter. However, Sainsbury has surpassed the forests for Christmas sales.
US pilots forgot how to fly manually
The Department of Transportation has come out with a latest report on the US aviation sector. The department expressed its concerns that pilots don't have much expertise in handling aircraft manually. US pilots fly aircraft on automated system for over 90 percent flying. This makes pilots unable to control the aircraft in unforeseen situations.
Leaders Fund Established $100 Million Venture Fund Targeting Software Startups
A group of technology executives in Canada and U.S. launched a Toronto-based $100 million venture fund. The group is focusing to fund enterprise software to establish its investment portfolio.
Venture Capital Firms Face Slowdown in Tech Funding
Venture capital firms raise less capital and face a slowdown in tech funding for 2015. However, the number is still above annual average since 2006.