Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.
Sectors
Paul Taubman earns $75.5 mln as annual award disclosed first time
Former Morgan Stanley banker Paul J. Taubman has received $75.5 million compensation in his first year as Chief Executive Officer at PJT Partners Inc. Taubman led the investment bank as a publicly traded company.
Instagram Will Start Reordering Feeds Based on Likelihood Algorithms Instead of Posting Time
Instagram announced its decision to apply algorithms to reorder feeds, showing posts based on likelihood instead of time. Instagram is the latest among other social media giants to embrace such change.
Oracle Q3 profit falls as robust US dollar offset growth in cloud business
Oracle's third quarter profit declined as strong growth in cloud business was offset by the robust US dollar. Revenues from cloud business increased 40% to $735 million during the third quarter.
Pittsburgh is Emerging as a Food and Lifestyle Destination, Drawing Youths to Pursue Personal Projects in The City
Pittsburgh’s culinary sector is growing fast as the city host more and more projects in the past few years. Cheap rent is believed to have drawn a lot of people, especially youth, to pursue their project in the city.
Latest News
China will try to draw up rules to regulate ride hailing service as the market has grown very big. Meanwhile Indonesia transportation minister plan to ban Uber and GrabTaxi.
Altice reported a rise in 2015 adjusted profit as sales improved in its France business division. The company expects to report another profitable year in 2016 by focusing more on its core businesses.
The Michael Jackson estate lost its share in the joint venture with Sony Corp. when the music publisher bought Jackson’s share of 50 percent for $750 million. The transaction will wipe out the rest of Jackson’s $500 million debt he left when the artist died in 2009.
The on-demand shippping company startup Shyp was selected as eBay partner. Shyp will handle packing and shipping for eBay sellers.
Pfizer said that net compensation of chief executive officer Ian Read declined 23% in 2015 driven by a drop in stock awards. The chief's net compensation amounted to $18 million in 2015.
CHS has warned crop growers regarding the approaching hurdle in the US agricultural economy. The net farm income across the US is expected to drop to $54.8 billion in 2016 owing to surplus production.
Toyota Motor Corp. will display its latest vehicle from the Higlander Series. It will be unveiled on March 23 at the 2016 New York International Auto Show. The Highlander's performance and efficiency is boosted with the combination of new engine and transmission.
U.S. stocks swung on Tuesday ahead of Fed statement. While Morgan Stanley and JPMorgan warned that similar to Europe and Japan, stimulus program may not be effective to stimulate growth.
Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.
