Industry
Sesame Street Establishes a Venture Capital Fund
Yes, that is true. Sesame Street is now working with Collaborative Fund and investing $10 million in the new venture fund. The fund will focus on companies working on childhood development.
CDC Officially Closed the Investigation on Chipotle Outbreak
E.coli outbreak which contaminated nationwide Chipotle restaurants last year will be declared over. However, CDC has not been able to find the source of the outbreak.
Rolls’ Again Bags Sweet $2.7billion Contract Defeating Rival GE
Rolls has defeated joint venturing General Electric and Pratt & Whitney while being awarded a £6.1billion deal with Emirates during April last year. Now the British car manufacturer again succeeds in snatching another deal worth $2.7billion with airline company Norwegian. The recent achievement is believed to accelerate Rolls CEO’s ongoing overhauling efforts aiming to establish transparency and cost cut of $200 million a year by 2017.
Yen Falters Against Stronger Dollar, BoJ’s Further Rate Slashing Attempts May Go In Vain
US Dollar has been witnessed to gain some value against yen in both Tokyo and Japan on Monday. The appreciation of dollar has taken place due to BoJ’s surprise move for slashing the interest rate to (-) 0.1%. Even BoJ Governor has hinted further rate slashing events, if situation demands. But economists have referred the attempt as an attraction drawing stance aiming to prevent yen from rising to boost up the sluggish economic growth.