The rise in household spending has propelled US economy to grow surpass earlier forecasts for fourth quarter of 2015. However, the US GDP growth rate eased in fourth quarter from previous quarter.

Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at LaPlace in Louisiana, Harriman in Tennessee and El Paso in Texas. Both companies denied to provide terms of the deal.

Hawaii lawmakers are seeking to pass the bill on ivory trade ban. Thousands of African elephants and rhinoceros are being slaughtered because of their tusks and horns. Smugglers see Hawaii as their gateway to Asia to market illegal ivory and if left unregulated, the state would become the largest illegal ivory market.

A tentative deal was reached by the Californian government over a statewide minimum wage of $15 an hour. No specific information has been conveyed yet but labor unions will pursue their initiatives. Gov. Jerry Brown and his advisers are still debating about the wage increase that would mean an additional expenditure for the government as it already pays for the worker's services for the disabled.

Marijuana entrepreneurship is almost in every parts of the world, legal or illegal, for leisure or for medical purposes. Others see it as helpful but others see it as deadly. Pot is hot and the booming business seems to be unstoppable as other states began to legalize it.

Iterum Therapeutics Ltd. secured $40 million in Series A funding led by Frazier Healthcare Partners together with other venture capitalists. The said fund will be used to acquire license and to enhance the development of the anti-infective drug that could counter certain bacteria's resistance to antibiotic.

London's air has been reported of high levels of PM2.5 that was recorded from March 10-13. These minute particles can get inside the lungs and find its way into the bloodstream giving the body's immune system difficulty filtering it out.

Volkswagen and Porsche identified a potential problem in their Cayenne and Touareg model from 2011 to 2016 and are calling back 800,000 SUVs to undergo a service to address the issue. The companies said this is a precautionary move, as a U.S. judge demanded that the companies come up with a plan immediately.

Vijay Mallya announcement his retirement as Sanofi India Chairman and wishes not to be elected anymore. He said that he wants to spend more time in England where his children stay.

Coal mines in Colorado are shutting down one by one. Most of the folks no longer have jobs and are now looking at the marijuana economic growth that could provide them income. Officials however, are worried about the peacefulness of the place and how the chaos if ever, could be handled by such few authorities.