Morgan Stanley reported a big miss in the third quarter profit as a result of a decline in their trading and private equity business. Although they have shifted their focus on business segment with less risk, global economic slowdown has hit Morgan Stanley and other US banks this quarter.
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Monsanto plans to close down three R&D centers in 2016, cutting out about 90 jobs
Missouri agrichemical giant Monsanto announced Monday that it will close down three research and development centers in 2016, cutting about 90 jobs. Reuters reported that the move is done to cut costs on its restructuring operations that are necessary for the dwindling agricultural commodity market.
Iron Ore Settles at $50, Keeping up with Declining Demand
Iron ore futures approached $50 a tonne Monday, the lowest it has been in three months, going down almost 10 percent in just two weeks. Reuters reported that the $50 a tonne price is a sign that losses will continue after Dalian futures slumped lower on Tuesday as Chinese steel producers cut output due to the decline in demand of iron ore.
Retailers: It's a false figure for Japanese consumer spending after price hike
It seems like Japanese retailers are saying not to believe in official statistics on consumer spending as stores cut earnings forecasts and expects a lackluster consumer spending, which is an important factor in the growth of Japan during a time of declining exports and factory output.
Deploying A$16 million of shark-detecting technology in South Wales, Australia will keep predators at bay
It seems like technology came too late for Martin Brody from the movie Jaws. The government of New South Wales, Australia spent big on advanced technology that can detect sharks to keep beachgoers safe this summer.
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The US congress is in session to finalize a new budget deal before the current US House Speaker, John Boehner steps down for retirement starting this Friday, October 30th.
Starbucks, the most popular coffee brand in the world, has a special treat for both Halloween lovers and coffee enthusiasts as they announced plans on releasing a new vampire-inspired beverage, the Frappula.
Holiday is the most wonderful time of the year. But it can also be the most stressful, especially on our financials. For many people, the holiday also means lots of spending.
Wal-Mart had applied to U.S. regulators for the permission to test drones for checking inventories, home delivery, and pickup. Rumors said the company's move is to compete with Amazon's drone delivery.
In his egalitarian move to pay employees a $70,000 minimum wage, Gravity Payments CEO Dan Price has now been forced to mortgage his house and sell his investments as a reserve for the payments processing company.
Facebook announced a radical revamp on its iOS and Android mobile apps, especially on its notification feature. The new feature designed to provide users with useful notifications cards based on their location.
Qualcomm has created a new kind of chip, Snapdragon processor built into internet-connected security cameras. The company announced the chip along with a reference design for new home monitoring cameras, with the Qualcomm's chip at the core.
This week, a surprising airline news claims that Airbus has expressed its interest in hiring newly arrived refugees in Germany. According to Airbus CEO, Tom Enders the refugees could work in the airline's facilities for a different wage rate.
Ride sharing app Lyft has conquered Las Vegas as the car service is now available at the McCarran Airport. Hail as the first ride sharing car service to establish at the said new location, Lyft has snatched the first-based spot from their competitor, Uber.
