BlackRock on Thursday announced a 20% fall in its earnings for the first quarter that ended March 31, 2016. The company registered a restructuring cost of $76 million in the current period with regard to its organization simplifying plan.
Industry
WowBox Lifestyle Wows Almost 5M Users
WoxBox users has increased to 5 million users. The youth has been fond of it because of its extra-ordinary features. The app has become the most used app in Bangladesh.
Stocks Go High for Energy and Financial Sectors
US Stocks movement made a major change in the Energy and FInancial sector. Recent reports and stock release shows that major U. S. stock indexes gained on Wednesday, increased by financial shares while encouraging economic data and by the energy sector as oil prices surged to June highs.
$456 Million Deal Awaits Southwest Airlines Flight Attendants
$456 million in increased pay and incentives upon casting the votes on a new contract later this month by Southwest Airlines flight attendant will be weighing a deal worth
Apple Loses VirentX Patent Retrial; Owes Damages
In the middle of big verdict is Apple when VirentX files lawsuit for a patent case against it. Damages now are being calculated bu the courts.
Latest News
China's stock market slipped on Friday, as the country reported the economic growth is in accordance with analysts prediction. While investors expected a stronger result.
Wall Streel indexes continued to stay in positive territory as financial sector was catching up. Global stock market responded and climbing to the highest level in 2016.
The U.S. securities and commodities regulatory agencies pushed the congress to increase their budget. They argued that more fund is needed to do their functions in the growing financial markets and technology in recent years.
Medical marijuana will be legalized after Gov. Wolf signs the bill on Sunday after the 149-46 vote in favor of marijuana legalization. However, it will take about two years before sufferers of acute ailment can get advantage of the benefits because of the several processes including regulatory and growing process.
Alibaba is about to acquire Singaporean start-up Lazada for about $1 billion that was established by the German technology Rocket Internet. Existing shareholders including Tesco, AB Kinnevik and Rocket Internet will sell a portion of their shares to Alibaba.
Deutsche Bank has primarily agreed settling lawsuit centering ‘Silver Fix’ scam on Wednesday. Under the agreement, the German bank will have to count monetary penalty while helping the plaintiff investors in suits with other banks. Both the agreed parties have declined to elaborate terms and conditions for this accord.
China Securities Finance Corp (CSF), usually called by its nickname King, has disclosed trading secrets. CSF has invested in over 600 firms, ranking among the top 10 shareholders.
WP29 on Wednesday was calling for changes in the commercial data transfer agreement between US and EU. The agency said it does not provide enough protection for privacy for European users.
US safety regulator announced Wednesday that Takata still need to recall its defective airbags. NHTSA said unless Takata proved them to be safe, all remaining airbags in US vehicles must be recalled eventually.
