A recent research shows that there is a significant increase in the use of online dating services, especially via mobile dating apps. There are also significant increases in two particular age groups, which is young adults and older adults between the age of 55-64 years old. Personal safety remains a major issue for online daters, but most still believe that the method is more efficient and help them find a better match.
Industry
BTG Pactual Cuts Jobs, Bonuses To The Stock Traders And Executives of The Hedge Fund Unit
Groupo BTG Pactual SA has been witnessed to tatter due to decrease in asset value it manages. To maintain the cash flow and remain profitable in the slower economy of Brazil, the Sao Paolo based bank has adopted some cost-cutting measures including job and bonus cuts.
Red Tape Barrier In Approving Orders By US May Force Boeing To Invest Significant Fund In F/A-18 Jet Program
Boeing has been reported to wait for approval pending with the US government regarding purchase of F/A-18 jets by the Navy and Kuwait. Delay in approving funds has become a growing concern. Further delay in rendering approval may compel in Boeing authority to decide hundreds of millions dollar fund to keep its Saint Louis plant operative.
Facebook Retreats From ‘Free Basics’ Controversy In India
Facebook has introduced an app naming Free Basics in collaboration with Reliance group. Due to allegations for violating net neutrality, TRAI has instructed Reliance group to restrict access into Free Basics till completion of the investigation over its legal aspects. But industry insiders believe, Facebook may reappear with greater vicinity anytime soon.
BOA CEO Moynihan Awarded With The Second Largest Pay Package After JP Morgan’s James Dimon
Brian T. Moynihan, the CEO of BOA has been awarded with a pay package of $16 million, a 23% rise from the previous year. However, the package will reach at maximum if BOA can touch 0.80% earning against assets during the next three years. JP Morgan Chase & Co. CEO James Dimon has ranked top in receiving pay packages for the 2015.
Latest News
Tesla has release it's Summon software update that will allow users of its Model S to remotely park their cars. The technology will also increase the safety for the driver.
Following Verizon, AT&T announced on Friday to conduct field test of 5G network by the end of this year. The fifth generation of mobile network will offer data transfer speed beyond current capacity in 4G network.
Soundcloud's financial report revealed that the company is experiencing significant loss in 2014, and the losses had started from several years before. The 2014 loss was due to large expenses, even though Soundcloud's revenue actually experienced a growth. The company expects to face losses for the next three years, but they are striving to plan strategies to increase income.
Although stock market instability still affects the market worldwide, but an International economist argued that it is far from upsetting American middle class. However, market volatility continued as indexes fell for five consecutive days.
Uber Technologies said that it has decided to pay $28.5 million to about 25 million riders. The settlement in these cases will allow the company to work peacefully and focus on its prospective growth.
GPS technology company Garmin announced its acquisition of DeLorme on Thursday. DeLorme is well-known for its maps and satellite communication devices, and after the acquisition, it will serve as R&D center for Garmin.
Actev Motors introduces its new product: Arrow Smart-Kart, go kart for kids. The go kart was designed by professional racecar drivers with today's technology embedded in the Smart-Kart.
Slack Technologies co-founder Stewart Butterfield is confident that the company's technology has advantages over other messengers. It is because Slack provides a team communication app to improve teamwork.
Yahoo’s planned restructuring plan had started on Wednesday, whereas 107 employees had received a written notice that after 60 days they would have to leave the office. That would be the first batch of what is expected to be a much bigger job cuts of 1,500 employees or 15 percent of the company’s workforce.
