United States

Ford to invest $9B in US plants

As part of the labor agreement, the US automobile major Ford has decided to invest $9 billion in plants located in North America. Similarly, General Motors (GM) has also assured the labor union on investment of $1.9 billion and Fiat Chrysler to invest $5.3 billion as part of the contracts signed with the labor union.


Investcorp buys hedge fund of SSARIS

Bahrain-based Investcorp Bank BSC has acquired hedge fund business from SSARIS Advisors LLC. The acquisition of hedge fund from the fund business of the US company will enhance product range of Bahrain's bank as the business is expected to add $800 million in discretionary and advisory assets to Investcorp Bank.

The new accurate way to measure the world’s wealthiest countries

New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.

Snapchat video reaches 6 billion views a day

Messaging app Snapchat announced it is generating 6 billion video views every day. The number is three times the number of daily views in May.


Latest News

Apple is continuously adding incredible features and apps for easy consumer use. It considered the needs of online shoppers to carry out an effortless and convenient process of buying.
Journalists have voted the 2016 Mazda MX-5 as the star of the show during the current Miami auto show. Forbes has reported that the new car is the "perfect car." A Forbes correspondent describes the car as diminutive, and says that its purity makes it perfect.
Google acquired New York City-based Fly Labs, the photo and video editing software company responsible for apps like Flt, Tempo, Crop, and Clips in the iOS App Store. Google seeks to provide better video and photo editing features for its users through the acquisition of the small app maker company, according to Information Week.
Toyota decides to drop Takata as their airbag supplier last week. Previously, other automakers have ditched Takata as their airbag suppliers as well. This gives a devastating blow to Takata, whose shares drop 25% after series of incidents related to airbags defect.
Samsung Galaxy Note 5 is the top-notch phablet made by the Korean electronic giant. Its extra large screen and specifications make it the choice of professionals. Let us meet the product, and how its performs according to three respected reviewers.
A survey firm reveals that WordPress now powers 25 percent of the web. W3Techs' latest data has shown that based on statistics and market share data, WordPress powers 58.7 percent of all the website content management that the survey firm knows about.
U.S. jobs rate shows highest employment rate in seven years and dollar stays at seven month high. While Japanese and Chinese shares up, Asian stock markets were mixed as condition supports the case for Feds rate hike in December.
Timber giant Weyerhaeuser Co will buy Plum Creek Timber Co. Inc., creating a $23 billion timber, land and forest firm, the largest the United States.
Nasdaq-listed Nvidia Corp has posted earnings per share (EPS) of 44 cents registering a 42 percent growth from previous year's 31 cents during the third quarter ending October 2015.
There is a possibility of an interest rate hike next month, according to two senior officials of the Federal Reserve. Speaking before the House Financial Services Committee during a hearing on financial regulation, Fed Chairperson Janet Yellen said the economy had been growing at a pretty good clip, an indication it might be time to raise short-term interest rates.
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