Industry
Atlantic City Casino’s Revenue Slashes By Half In The Past 9 Years, Sparking Dramatic Steps
Atlantic City casino's revenue reaches its worst gain this year. There is more than half cut since 9 years ago in 2006. The closing of many casinos in Atlantic City has caused 10,000 unemployments. A big plan is prepared by Governor Christie. It is said that Atlantic City will be taken over, but still no details are given.
Aeropostale to slash headcount; reaffirms Q4 outlook
The New York based teen retailer plans to eliminate its corporate headcount as its sales fall. The company also reaffirmed its outlook for the fourth quarter.
High employment rate propels German GDP
Record high employment rate and domestic spending propelled German GDP rate by 1.7 percent in 2015, according to the German authorities' calculation.
Hyperloop Technologies to sponsor pod design contest
Hyperloop Technologies said it is one of the promoters of the Elon Musk's SpaceX Hyperloop design competition and will be offering $150,000 in winning prizes for engineering students. The contest consists of two parts in which the students design and construct a pod prototype for Hyperloop system.