Sectors
UK unemployment rate at 10-year low; earnings slow down
The jobless rate in the UK was recorded at 5.1 percent for the quarter ending November 2015. This showed the lowest jobless rate since October 2005. However, wage growth is slowing down in the UK industry. The employment rate was at high of 74 percent since 1971, according to the latest data released by Office for National Statistics.
Boeing is Reporting $569 Million Loss and Scaling Down Its 747 Production
Boeing will report a $569 million after-tax accounting loss in its fourth quarter. The company will also reduce production of its 747 airplane starting September this year..
Uber Generated More Revenue But Still Suffered Loss in 2015
Uber generated more revenue in 2015 than in the previous year. However, the company experience more losses in order to pursue growth.
Ahead Snow Storm in the East Coast, Airlines Offer Refund and Flight Change
As winter storm is heading toward East Coast this Friday, flight disruption is expected. Airlines are offering refund and waiver to customers whose flight schedule is affected by the snow storm.