US oil explorers are expected to report a combined loss of about $14 billion for the year 2015, as a result of the sharpest oil price slump in a generation. Bankruptcies and disappointing debt exchanges have led the oil explorers to cut thousands of staffs, trim dividends, and abandon drilling projects to preserve capital and resist insolvency.
United States
Leigh Steinberg Ventures With Jay Rogers To Invest In Sports And Entertainment Startups
Iconic sports agent Leigh Steinberg and his ‘Steinberg Ventures’ have partnered with Jay Rogers led Alpha Strategies to form an investment platform. Steinberg’s 40 years’ experience on sports world will be blended with Rogers’ 20 years’ experience in investment sector. The combined platform intends to nourish new entities emerging in sports and entertainment sectors to achieve their goals.
Lead Contamination Ohio Water: EPA Smells Falsified Report, Suggests Criminal Investigation
Presence of lead beyond acceptable has plagued Ohio and as the aftermaths, the schools of this remain closed for the straight 3rd day. Before Ohio, Michigan has reported tumbled with the same issue. But after conduction of investigation, the Ohio EPA strongly believes that the operator in water treatment plant of Sebring village has presented falsified test reports. The agency has sought legal assistance from the US EPA’s Criminal Investigation Division.
Facebook growth in 2016 will focus on video advertising, Instagram, and Oculus Rift
Facebook is expected to announce its fourth-quarter earnings soon and analyst are expecting that the company will deliver a better than expected report. The company is also expected to boost its revenue this year through the expansion of its video advertising, Instagram, and Oculus RIft.
FSIS Compels Whole Foods To Recall 73,898 Pounds Of Frozen Pizzas Due To Mislabeling
Food and Safety Inspection Service (FSIS) under the US Department of Agriculture (USDA) has recalled mislabeled uncured pork pepperoni. Referring it as a Class II hazardous situation, FSIS advices Whole Foods customers to return the purchased products or just throw them away. But the recalling has taken place as consequences of changed ingredients from supplier’s behalf.
Latest News
Apple is currently working to offer subscription-based content for its news app and is working with publishers to enable the pay wall. The new feature will put the app stand out compared to other news app available in the market.
JPMorgan Chase is all set to revolutionize the concept of ATM cash withdrawals. The bank will introduce the new system in the form of e-ATMs which will basically render bank cards redundant. The machines will dispense cash via a simple mobile app, in different denominations like $1, $5, $20, and $100 bills. At the same time, Chase has increased the withdrawal limit by three times, at $3000.
Oculus Studio, animation studio established by Oculus VR Inc introduced Quill. The animation tool enable illustrator to draw and make animation inside a VR to enhance the film making process in 3D environment.
Oracle has disclosed its expansion program in the Middle East for 2016 which involves setting up a data center and new offices in Abu Dhabi and internet cities in Amman and Riyadh. It also plans to increase its workforce to offer better service for the customers across the Middle East and Africa. The vibrant nature of the cloud market in the Middle East region and the ever growing cloud business therein has led the Californian tech giant to approach with larger investments.
Tech startup Slack Technologies hires Noah Weiss to lead the company's Search, Learning and Intelligence group. This indicates Sack Technologies interest to invest more on artificial intelligence.
Microsoft today unveiled a news application aimed at iOS users that is similar to Apple built in news app. However, the app is currently only available for the United States users.
Amazon will spend more than $3 billion for Amazon Prime music and video content. With a 54 million members in the U.S., Amazon Prime wants to increase customers spending to boost its revenue following a downtrend.
Virtual Reality has started to attract more developers. Game Developers Conference revealed a survey showing that more game developers are working on VR prior to the event next March.
Many venture capitalists like Chamath Palihapitiya prefer to park their funds in Amazon as the online retailer is forecast to grow over a decade. The reason is that it's not because of e-Commerce operations, but its cloud computing unit Amazon Web Services (AWS). Many companies will eventually pay a fixed fee to Amazon as they increasingly rely on cloud computing services to run their services.
