The average price for used-car dropped modestly during February 2016, compared with the previous year period. According to Manheim, the median prices for used-vehicle in February amounted to $10,345, a decrease of 2% from the previous year period.
Sectors
Bangladesh Central Bank Lost $100 Million From Its New York Fed Account, Claimed That It’s Been Hacked
The Bangladesh central bank said that it has lost $100 million from its account at the Federal Reserve Bank of New York, later discovered to be transferred to the Philippines banking system. The central bank claimed that the Fed’s system was hacked, although the New York Fed denied that there was any hacking attempt made regarding that transaction.
Samsung Gear VR Enables Connection and Video Sharing in Facebook
Owners of Samsung Gear VR can connect the headset to their Facebook accounts. Starting next week, users will be able to like and share 360-degree video from inside the VR headset.
Constellation Brands Is Recalling Corona Bottles Over Concerns That There May Be Glass Particles Inside the Bottles
Constellation Brands is recalling Corona 12-pack and 18-pack bottles over concerns that there may be glass particles inside the bottle. So for the company has not received reports of any injury caused by the issue.
Square Q4 loss widens as transaction expenses offset revenue increase
Square reported a widened loss during the fourth quarter of 2015 as transaction expenses and other related costs burdened its balance sheet. The company reported a 49% increase in quarterly revenue.
Latest News
Nasdaq will acquire International Securities Exchange (ISE) for $1.1 billion from Germany's Deutsche Börse. The acquisition transaction is expected to close by end of 2016 year.
Audi has come out with a high performance diesel prototype sports utility vehicle (SUV) 'SQ7 TDI.' Audi is a premier brand of Volkswagen Group, which is facing regulatory investigation over emissions scandal pertaining to cheating software installed in diesel cars.
It's an irony for food restaurant chain Chipotle to face another issue with food poisoning when the store is making enough effort to recover from recent sanitation problems. Employees from Billerica location has been reported to be sick where one fell ill with norovirus making the shares to dive at 2.4%.
Whole Foods Market Inc has entered into separate agreements with SolarCity Corp and NRG Energy Inc for installation of solar panels on rooftop of retail outlets. The installation works on solar panels at retail outlets are likely to commence in spring. Expected potential for solar power generation may be 13.8MW.
Exxon Mobil Corp's Canadian unit is selling its retail gas stations in the country to five fuel distributors for C$2.8 billion ($2.1 billion). The transaction is expected to be completed by end of 2016 subject to the regulatory approvals.
Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.
AMC Entertainment will acquire Carmike Cinemas to be the largest theater chain in North America. One Carmike's shareholder opposed the acquisition, citing the price offer was too low.
Owner of New York Stock Exchange, Intercontinental Exchange prepare its bidding on London Stock Exchange. The bid came in the midst of merger talk between London Stock Exchange and Deutsche Boerse.
SuperData Research reduced its 2016 virtual reality revenue outlook by 30%. The company expects to sell 16.8 million mobile VR instruments within 2016 end.
