Alexander & Baldwin Inc., the last sugar plantation Hawaii, will stop producing sugar by the end of 2016, ending an important industry to the island’s economy.
Industry
Oil Price Dropped to The Lowest Level in More than a Decade
Oil prices plunge to the lowest level in more than a decade to below $33. The economic slowdown of China is also stammering global economy outlook even more.
Lenovo Phase Out Motorola Brand
The name Motorola will no longer be seen on mobile phones. Lenovo, its parent company announced to stop using Motorola name anymore in its mobile phone.
German factory orders rose more than expected due to orders from inside the country
German factory orders grew 1.5 percent in November more than economists have projected mainly driven by the strong domestic demands.
TransCanada sued US government to reverse Keystone XL pipelines rejection
TransCanada Corp sues US government to reverse President Barack Obama’s decision to reject its Keystone XL pipeline. Canadian firm also seeks $15 billion in damages from the North American Free Trade Agreement.
Latest News
Amazon has reportedly reiterates its presence in the microchip arena through unveiling acquired concern, Annapurna Lab’s Alpine. Through currently retailing a very meager market share compared to Intel’s strong dominance over chip arena, Alpine appears as a potential threat to the latter. But the unveiling event has been dominated by reduced rating points over in price index.
Researchers in NASA is moving one step further to introduce a hybrid airplane technology in concluding its ERA project. The airplane will be able to fly on both fossil fuel and electricity, similar to hybrid car technology.
Consumer Electronic Show always showcase the latest technology every year. This year the annual trade show present the lightest drone built by PowerUp Toys.
Uber has agreed to pay $20,000 in fine and adopt a better data security provisions in a settlement signed with the New York Attorney General, Eric Schneiderman. Besides that, the company also agrees to limit the number of employees allowed to use the system.
Normal check-ins of baggage was resumed by Malaysia Airlines after restrictions due to powerful head winds. These head winds inhibit the airline's capability to carry cargo and baggage.
LG Electronics Inc. introduce its new laptop product line in CES 2016. The 15-inch laptop weighs-in at only 2.16 lbs or under 1 kilogram.
JPMorgan Chase & Co has alerted Japan Inc to gear up for the surge in Yen against the US dollar. JPMorgan Chase forecast Yen will reach 100 yen against a US dollar. However, it says the rally in currency may not sabotage the Japan industry.
The world stockpiles of cotton are piling up giving less scope for investors on price rise. Cotton prices witnessed first weekly drop since November.
After crumbling down a year ago for suffering massive losses, Bloom Lake iron ore mine in Quebec finally has a buyer. The losses Bloom Lake incurred shows how the commodity meltdown has adversely affected the metals industry.
