South32 debuts with $9 billion valuation

On Monday, BHP Billiton's spin-off South32 started trading with a market value of nearly $9 billion.

Australia's largest listing since 1998 houses BHP Billiton's former alumina, aluminium, manganese, nickel, silver and some coal assets.

The listing suggested that in order to convince the market that it can grow the assets that have long been neglected within BHP, South32 will need to do more.

Andrew Driscoll, an analyst with the brokerage firm CLSA, said , “Investors feel that they can be patient as they wait to learn a little more about the strategy, the assets and the potential for growth”.

888 Holdings looks forward to buy Bwin.Party Digital Entertainment

On Monday, 888 Holdings, the gambling operator, confirmed it has emerged as a dark horse bidder in the £1bn sale of the company.

It became the latest online gambling company to make a cash and stock proposal to Bwin.Party. The Gibraltar-based 888 Holdings said in a news release on Monday that its board of directors believed that there is significant industrial logic in combining with Bwin.Party. According to them, it will benefit both companies and all shareholders.

Less than an hour later confirming the proposal Bwin responded that its board and its advisers were ‘conducting a detailed review’ of the proposals received to-date. The company will make a further announcement in due course.

Amtrak could pay $200 million to train crash victims

Amtrak may have to pay a $200 million to train crash victims. This is for the first time for the company and this limit has been set by Congress. However, it could be a very low amount to cover the loss in last week's derailment in Philadelphia, in which eight people died and over 200 people got injured.

This much payout for a single passenger rail incident was related to an attempt made in 1997 for passing a law, which would save Amtrak from financial damage in addition to helping it become independent. Now, the amount would be just below $300 million, which has been adjusted for inflation. The law does not take into account adjustment for inflation. Amtrak is also not close to become independent.

Starbucks employee fired for bad behavior

A shift manager at a Starbucks in Queens, NY, was caught on camera shouting at a customer and was fired after the incident. A customer was using her phone to pay for the order and she was busy opening an app. When the woman didn’t respond to an employee, the shift supervisor allegedly started shouting at the woman. On Wednesday, the incidence took place at the Starbucks location in Queens.

The customer is identified as Ruby Chen. She posted on Facebook that the shift supervisor started shouting at her. She also wrote that the supervisor told her that she will not be served and also said that she stole a straw from the store.

Best spots to see the Shell Oil Rig Polar Pioneer

Nobody knows how long the Shell oil rig the Polar Pioneer will be in Seattle, yet the sightseers have already started flocking to see the huge Cthulhu like monstrosity in Elliot Bay in West Seattle before it leaves.

The Pacific Pride Gas / Diesel Station at 1617 SW Lander St just off 16th Ave NW is one of the best unobstructed places to see the rig.

Seacrest Park is located at 1660 Harbor Ave SW. It is an ideal place to view the Shell oil Polar Pioneer and also the Shell No activist’s protest barge.

It is the ideal spot because the Seacrest Public Park has Marination Station Ma Kai restaurant which serves some of the best fish and chips and fish tacos in the region, and reminds all about the importance of the protection of fishing industry.

US airlines group expecting busiest summer travel season ever

A record number of travelers will be taking to the skies in the coming summer, all because of a rebounding economy.

On Monday, Airlines for America, the industry's trade and lobbying group predicted that US airlines will carry 222 million passengers between June 1 and August 31, and will top the summer of 2007 when 217.6 million people flew. That figure also included 31 million travelers on international flights, which was also a record.

On average, there will be 2.4 million passengers per day, which is 4.5% more than last summer.

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