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Category : Business

Nice attack: 3 California students injured by truck, one still missing
Business

Nice attack: 3 California students injured by truck, one still missing

Saheli 17 Jul 2016 230 Views

A 31-year-old delivery driver who was raised in Tunisia but lived in Nice was named as the driver of the truck that plowed through a crowded street in the French Riviera city, killing 84 people including 10 children. Mohamed Lahouaiej Bouhlel was named as the suspect who also opened fire ... Read More »

Avid Life Media, parent company of Ashley Madison, under FTC investigation
Business

Avid Life Media, parent company of Ashley Madison, under FTC investigation

Saheli 17 Jul 2016 226 Views

The Federal Trade Commission is investigating Avid Life Media Inc., the parent company of extramarital affair website Ashley Madison, over its business practices. Avid Life Media CEO Rob Segal said he did not know what the inquiry was focused on, but said his company began cooperating with government regulators in ... Read More »

Olive oil waste yields molecules useful in chemical and food industries
Business

Olive oil waste yields molecules useful in chemical and food industries

Saheli 17 Jul 2016 255 Views

Scientists have found a way to turn waste byproducts from the olive oil production process into biosurfactants and monoglycerides, molecules immensely useful to the chemical and food industries. Biosurfactants and monoglycerides are surface active agents, or surficants — part oil-soluble component, part water-soluble component. Surficants are used to lower surface ... Read More »

North Dakota adding more rigs
Business

North Dakota adding more rigs

Saheli 17 Jul 2016 307 Views

The number of rigs actively exploring for or producing oil and natural gas in North Dakota is rising, state data show, despite a slump in oil prices. State data show 29 rigs actively exploring for or producing oil and gas as of Monday, which according to data from Baker Hughes ... Read More »

BP puts upbeat spin on Deepwater Horizon charges
Business

BP puts upbeat spin on Deepwater Horizon charges

Saheli 17 Jul 2016 254 Views

With the full charges associated with the 2010 oil spill in the Gulf of Mexico revealed, BP said it now has a clear plan for managing costs in the future. For the first time, the British energy giant revealed the total cost associated with the 2010 accident at the Deepwater ... Read More »

ADB: Gas-rich Papua New Guinea facing declines
Business

ADB: Gas-rich Papua New Guinea facing declines

Saheli 17 Jul 2016 373 Views

Once seen as an economy buoyed by natural gas resources, the Asian Development Bank said Papua New Guinea is on pace for a severe contraction. The ADB said the country’s economy should grow by about 4.6 percent this year, but shrink to 2.4 percent growth in 2017. An inflation rate ... Read More »

U.S. and U.K. to study robotic troop re-supply
Business

U.S. and U.K. to study robotic troop re-supply

Saheli 17 Jul 2016 242 Views

The United Kingdom and the United States announced a program Thursday to speed up development of robotic and autonomous systems that can resupply troops in tough environments. The program, expected to last up to four years, seeks to mitigate “the last mile,” or the final stage of transporting supplies to ... Read More »

Bayer AG sweetens offer in another attempt to acquire biotech company Monsanto

Saheli 17 Jul 2016 248 Views

Nearly two months after biotechnology company Monsanto rejected a $62 billion takeover offer from Bayer AG, the German pharmaceutical company said Thursday it has upped the proposal by about $3 billion. On July 1, Bayer offered shareholders of Missouri-based Monsanto $125 per stock share, which is $3 per share higher ... Read More »

Google awaits additional EU antitrust charges
Business

Google awaits additional EU antitrust charges

Saheli 17 Jul 2016 236 Views

Alphabet Inc., Google’s parent company, expects additional formal charges from the European Union’s antitrust regulator Thursday. The EU is expected to formally present a statement of objections to Google on Thursday. Google is accused of breaking EU rules regarding website advertising; obligating smartphone manufacturers and telecom companies to pre-install its ... Read More »

Show me how inflation is low: Rajan on ‘dialogues’ by critics
Business

Show me how inflation is low: Rajan on ‘dialogues’ by critics

Saheli 17 Jul 2016 325 Views

Taking his critics head on, Reserve Bank of India (RBI) Governor Raghuram Rajan has challenged them to show how inflation is “very low” before accusing him of “being behind the curve” in his focus on containing price rise than on growth and debunked such criticism as mere ‘dialogues’.   Rajan, ... Read More »

Freecharge partners Axis Bank for UPI support

Saheli 17 Jul 2016 231 Views

Snapdeal-owned Freecharge has partnered Axis Bank to allow users to make payments using Unified Payments Interface (UPI) system through its platform.   UPI allows users to pay merchants directly from their bank account without sharing their card details.   “We will launch UPI support in partnership with Axis Bank by ... Read More »

Freecharge partners Axis Bank for UPI support

Saheli 17 Jul 2016 230 Views

Snapdeal-owned Freecharge has partnered Axis Bank to allow users to make payments using Unified Payments Interface (UPI) system through its platform.   UPI allows users to pay merchants directly from their bank account without sharing their card details.   “We will launch UPI support in partnership with Axis Bank by ... Read More »

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