North America

Goldman Sachs sells 1.3 million Valeant Asset instead of allowing CEO to add collateral

Goldman Sachs sold 1.3 million shares from Valeant on Thursday, which the pharmaceuticals company was holding as collateral for its CEO, Michael Pearson.


Facebook rolls out Notify, a notification app

Facebook releases another new app today that will help users to receive notification from all Facebook-owned app under one app known as Notify.

T-Mobile is offering free data usage for video streaming

T-Mobile now offers a new option for users to stream videos on their mobile devices without using up too much data allotment against their plans. The company's chief executive John Legere announced Tuesday the new video streaming plan that is called "Binge On" in a move that would hopefully attract more users to register in their network, according to Reuters.

Cuomo increases Basic Minimum Wage for NY State Workers to $15 an hour

Governor Andrew M. Cuomo announced Tuesday that he would increase minimum wage to $15 for all state workers in New York. According to The New York Times this minimum wage hike makes the New York the first state to put the pay this high for the public employees.


Latest News

Apple Inc. announced on Tuesday that developers will now be able to invite around 2000 users to help beta test the applications for both iOS and newly launched tvOS via its TestFlight evaluation tool.
Lockheed Martin Corp got the $969 million deal from Pentagon to build 17 C-130 J military transport planes. Pentagon announced awarding the contract to Lockheed on Tuesday. The work is expected to be finished by April 2020, according to the Department of Defense.
A 16.08 carat rare pink diamond sold for more than $28.55 million (28.73 million Swiss francs) at Christie's Geneva Magnificent Jewel sale. The largest cushion shaped vivid pink diamond in the auction was purchased by a Chinese client based in Hongkong. The private buyer dubbed the diamond as "The Sweet Josephine".
Artificial Intelligence seems to be working great for the tech giants including Google, Facebook & Apple who are working hard these days to get the best outcome.
Many brands are emerging around the globe with prices almost touching the sky. It is a well-known fact that majority of the population goes for sales day to get hold of their favorite products primarily from their favorite brands. The trend of online shopping is immensely popular and if a sale is announced online for 24 hours, with 90% of the prominent brands participating, it will turn the day into a momentous shopping spree gala.
Denver-based Molson Coors Brewing Co is in advanced stage of buying rest of the stake of SABMiller in Miller Coors LLC for $12 billion. This buyout will make the way clearer for $106-billion merger of SABMiller Plc and Anheuser-Busch InBev NV.
The US currency is surging again, but this time with support from the interest-rate market. The US dollar rally registered its strongest gain during the past six months against Euro as two-year dollar interest rate swaps shot over those in the shared-currency area.
When Lehman Brothers collapse in 2008, it created a global economy setback. Global financial authorities work hard to prevent it from recurring. Now, they introduced new rules for the world's biggest banks to increase their cash reserve and avoid taxpayers bailouts.
Ericsson and Cisco make a merger-like deal, but really isn't to face rapidly changing global market and earn up to $1 billion for each company by 2018. Fortune reported that European gear mobile communication manufacturer Ericsson and Silicon Valley Internet gear giant Cisco went into a partnership that is focused on future networks that will help manage the cross-selling for the companies' end-to-end portfolio.
Chipotle Mexican Grill Inc. is preparing to reopen its 43 restaurants in Washington and Oregon which had closed following E. Coli food poisoning cases. Tech Times reported that health officials declared that the restaurant chain could reopen its restaurants as early as Wednesday, Nov. 11, after batch of tests revealed negative E. coli results of food samples.
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