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Updated: 2 hours 46 min ago

Portugal’s Central Bank Splits Banco Espirito Santo for Salvage

Mon, 08/04/2014 - 13:41

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The central bank of Portugal has split the Banco Espirito Santo the private Portuguese bank based in Lisbon into "good" and "bad" banks in an action to salvage the customers and the taxpayers though it will cost billions .

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Allegations of Overcharging U.S. Postal Service; HP to pay $32.5 Million for Settlement

Sat, 08/02/2014 - 10:31

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Hewlett-Packard will be paying US$32.5 million to resolve accusations that it failed to fulfil the pricing terms and overbilled the U. S. Postal Service on a IT hardware contract between 2001 and 2010.

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Procter & Gamble Plans to Drop About 100 Brands

Sat, 08/02/2014 - 10:28

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For years Procter & Gamble has been expanding its business into many directions that include beauty products and pet food. On Friday the company announced that it would trim close to hundred brands from its cache just to pay more attention to its important products like Tide, which gave the company a great thrust for decades.

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Argentina Puts the Blame on US Mediator for Failed Talks

Sat, 08/02/2014 - 10:26

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Ever since 2012 when Greece restructured its debts, Argentina is the first one among the nations to set off default swap.

International Swaps & Derivatives Association says that failure of Argentina to pay interest on its bonds is a credit affair which will set off a settlement of $1bn of default insurance.

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Alpha Says Finding a Market for Coal Stockpiles Could Prevent Layoffs

Sat, 08/02/2014 - 10:21

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The news on Thursday that said coal giant Alpha Natural Resources plans to trim 1,100 workers from its workforce at eleven of its West Virginia surface mines by the middle of October was especially a bitter one as this action would lead to a drooping economy in the region.

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Mobileye to be the Largest Israeli IPO in the U.S.

Fri, 08/01/2014 - 13:05

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Mobileye, the company from Israel that makes cameras and software for driverless cars and helps cars to avoid accidents is expected to raise approximately $208.3 million from the initial offering of its IPO priced at $25, which is more than its previously known price range that hung around $21 to $23 per share.

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GoPro Fails to Hold On to Its Blockbuster Start

Fri, 08/01/2014 - 13:01

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GoPro is an American corporation which manufactures, develops, and markets high-definition personal cameras which keep the users on the edge with their high-end performance. However the makers of these sophisticated gadgets failed to give the adrenaline rush to the investors which they had expected with its first earnings report.

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Alpha Natural Resources Plan to Cut Down 1,100 Jobs in Coal Mines

Fri, 08/01/2014 - 12:58

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On Thursday, Alpha Natural Resources which is among the largest coal producers of the country said it was likely to cut jobs of 1,100 workers at its eleven southern West Virginia surface coal mines by the middle of October. The reason for the layoffs was cited as gloomy markets along with federal regulation.

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California Proposes Very Humble Rate Hikes for Obamacare in 2015

Fri, 08/01/2014 - 12:33

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Going against the general trend of high rate hikes the officials of California said that the consumers of the state-run Obamacare insurance exchange which sum up to more than 1.2 million can expect a humble rise in price by 4.2% on average sometime in 2015.

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Patients receiving 'second choice' drugs due to supply deficiencies

Fri, 08/01/2014 - 10:57

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Reasons for alarm have been raised that numerous patients are accepting "second choice" drugs in view of supply deficiencies.

More than nine in 10 family specialists addressed in a survey said they had been compelled to compose remedies for drugs that were not their favored choice.

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NuvaRing makers warn women of side effects

Fri, 08/01/2014 - 10:54

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The producer of the prophylactic gadget Nuvaring is advising ladies about new limitations for the utilization of the drug.

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Australian couple refuses to take their surrogate baby with Down syndrome

Fri, 08/01/2014 - 10:48

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Gammy, a six-month-old infant left behind by his Australian parents, might not survive in light of the fact that his poor Thai surrogate mother can't pay for restorative treatment for his inborn heart condition.

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Depression and anxiety happen in teens due to insomnia

Fri, 08/01/2014 - 10:46

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High schooler emotional episodes are old, however new research out of the University of Adelaide has specifically connected lack of sleep among youths to an altogether expanded danger of misery and tension.

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Sierra Leone declares state of emergency with Ebola outbreak

Fri, 08/01/2014 - 10:30

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Sierra Leone has announced a state of crisis as powers battle to hold the Ebola infection pandemic in west Africa, with the loss of life now moving to just about 730.

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Increase of Sales Tax on Cigarettes Lowered Smoking Rate in Japan by 20%

Thu, 07/31/2014 - 13:37

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Japan's smoking rate has lowered by 20%, according to a survey. It said the rise in the sales tax, which increased the price of cigarettes and other consumer goods, forced smoking addicts to drop the habit.

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Republican House Votes accuse US President Barack Obama of Impeachment

Thu, 07/31/2014 - 13:24

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U. S. President Barack Obama has been accused of going beyond the limit of his constitutional authority for taking up executive actions in the context to help people of the country. For the same, a Republican plan was approved on Wednesday to carry out a lawsuit against the president.

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In a Peppy Second Quarter US economy Experiences a 4% Growth

Thu, 07/31/2014 - 09:38

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On Wednesday an initial data released by the government revealed that the US economy has shown some good results in the second quarter and has grown at an annual rate of 4 per cent.

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After Talks Fail With The Creditors Argentina Yet Again Falls into Default

Thu, 07/31/2014 - 09:34

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Late on Wednesday the talks between the U. S creditors and Argentina failed resulting in pushing the South American country into default for the second time in thirteen years along with shifting focus to concerns that are emerging out of worries of the effects that the default could have on the financial markets globally.

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Feds Expected to Trim Bond Purchases, Could Also Offer Hazy Clues on Interest Rates

Wed, 07/30/2014 - 13:03

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On Wednesday there were some clues to indicate that the U. S. Federal Reserve seems quite sure to move forward with its arrangement to wind down its stimulus for bond-buying, and also may offer some indistinct clues regarding how much closer it might be to ultimately raising the rates of interest.

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After First Six Months of Sales Toyota Remains at Top

Wed, 07/30/2014 - 13:00

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Still holding the top position in global vehicles sales Toyota remains at No. 1 after the initial six months of the current year. It is followed by Volkswagen, the carmaker which displaced General Motors from its second position as the U. S. auto manufacturer struggles with a recall scandal.

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