The commodity slump caused by China is adversely affecting some of the biggest raw material markets in the world, and now it shades the sparkle that Canada's Arctic diamond industry once had.
Regions
Toshiba to sell sensor business to Sony for 20 billion yen, overhaul unprofitable semiconductor business
Japanese engineering conglomerate Toshiba announced on Wednesday that it will sell its image sensor business to Sony for a reported 20 billion yen, as it plans to overhaul its semiconductor business, which is still recovering from a $1.3 billion scandal.
Revlon raises over $2M in crowdfunding for women's health charities
Revlon, Inc. has recently exceeded their goal of raising $1 million on crowdfunds for women's charity organizations, mainly owing to the support of mega stars such as Halle Berry, Emma Stone, Olivia Wilde, among others.
Obamacare’s benchmark silver insurance plan will increase an average of 7.5%
Obamacare premiums for the benchmark silver insurance plan will increase by an average of 7.5 percent next year. CNN Money writes that the Department of Health and Human Service reported Monday that the increase will be imposed in 37 states through the federal Obamacare exchange.
The Top 6 Advantages of having a Home-Based Business
Home-based businesses have proven to be one of the best business start-ups. With a good goal-setting attitude and strong discipline, one can easily enjoy the benefits that home-based business brings.
Latest News
Volkswagen AG, Europe's largest automaker, is maintaining an investment plan to build a new seven-seater sports utility vehicle. It is starting next year at its only manufacturing plant in Tennessee, although beset by issues of cost cuts in the wake of the company's diesel-emission manipulation scandal.
Honda unveiled its third generation fuel cell vehicle, known as FCV, at the Tokyo Motor Show 2015 this week. The five-passenger sedan is the first hydrogen-powered model that Honda has offered to the public.
Missouri agrichemical giant Monsanto announced Monday that it will close down three research and development centers in 2016, cutting about 90 jobs. Reuters reported that the move is done to cut costs on its restructuring operations that are necessary for the dwindling agricultural commodity market.
Iron ore futures approached $50 a tonne Monday, the lowest it has been in three months, going down almost 10 percent in just two weeks. Reuters reported that the $50 a tonne price is a sign that losses will continue after Dalian futures slumped lower on Tuesday as Chinese steel producers cut output due to the decline in demand of iron ore.
It seems like Japanese retailers are saying not to believe in official statistics on consumer spending as stores cut earnings forecasts and expects a lackluster consumer spending, which is an important factor in the growth of Japan during a time of declining exports and factory output.
It seems like technology came too late for Martin Brody from the movie Jaws. The government of New South Wales, Australia spent big on advanced technology that can detect sharks to keep beachgoers safe this summer.
A recent study from AAA Foundation for Traffic Safety found that hands-free technologies are not less distracting on the road for drivers.
IBM has just released news that the IT company is currently under investigation by the Securities and Exchange Commission on its accounting procedures in the US, Ireland, and Britain.
Morgan Stanley reported a big miss in the third quarter profit as a result of a decline in their trading and private equity business. Although they have shifted their focus on business segment with less risk, global economic slowdown has hit Morgan Stanley and other US banks this quarter.
