Economy

Turing Pharmaceuticals Starts Hunt for Ex-CEO Martin Shkreli Replacement

Turing Pharmaceuticals announced that the company is looking for new CEO after Martin Shkreli vacated his post on Friday, a day following his arrest for fraud. The drug manufacturer also divulged its plans to cut jobs as part of its restructuring scheme.

Ridesharing App Lyft to Begin Pickups at LAX, Mayor Garcetti Announces

Rideshare company Lyft has officially been allowed to operate for both drop-offs and pickups at LAX this Wednesday, making it the first ride-sharing company to be approved in dropping off and picking up passengers at Los Angeles International Airport, Mayor Eric Garcetti announced yesterday.

Micron Technology Inc. Loses Revenue in 1st Quarter Because of Weak Demands in PC

The chipmaker company Micron Technology Inc. surprisingly lost revenue in a weak first quarter after in-hours trading on Tuesday. Reports claim that the memory chipmaker had lost its revenue because of the weak demand of chips used in personal computers.

US-Mexico Travel Could Improve With New Air Service Agreement

Passengers traveling between the United States and Mexico may soon benefit from additional flights, after the two countries signed a new air service agreement on Friday.

Southwest Airlines FAA Lawsuit: Mantenance, Safety Issues Force Company to Pay $2.8 Million

Southwest Airlines shed $2.8 million to settle the Federal Aviation Administration lawsuit after authorities found irregularities in performing maintenance work.

Panasonic Acquires Refrigerator Firm Hussman for $1.5 Billion

Japanese electronics company Panasonic makes a move towards a new industry with its acquisition of U.S. refrigeration firm Hussman for $1.5 billion or 186.6 billion yen. It marks another development in Panasonic’s series of steps to expand beyond consumer electronics and target other “higher margin” operations in the global market.

NetApp to Acquire SolidFire for $870 Million in Cash

NetApp, Inc. announced yesterday that the company has entered into an agreement to acquire Solid-Fire for $870 million in cash after the stock market closes last Monday, December 21, 2015.

Latin-Influenced Craft Brewery Named as One of the Coolest new Businesses in America This 2015

This 2015 has been a good year for entrepreneurs to start a new business. As a matter of fact, there are several new trends that have popped up. And with social media, crowdfunding and alternative lending options, and the constant technological evolution, these inspired businessmen to capitalize on new entrepreneurial ideas.

Secretary of State John Kerry Slammed for Stating Iran Could Bypass new Visa Rules

Republicans reacted negatively toward the Secretary of the State John Kerry after stating that Iran could bypass new visa rules.

New York State Gambling Regulators Award Licenses to 3 New Casinos After a Year of Waiting

Gambling will further expand in the New York State as gambling regulators recently awarded new licenses to three casinos under construction in different parts of the state. The three new casinos are expected to come with more job opportunities, tax revenues and tourist attractions.

Chubb Launches Cyberbullying Insurance Against Online Trolls

Cyberbullying insurance against online trolls is already available. Cyber-bullying is something unavoidable. Shallow as it may seem, it is capable of causing depression, anxiety and, to some extent, death.

New Argentine Leader Makes Big Changes to Economy

The recently elected Argentine leader is making good on his promise to revamp his country’s flailing economy

Oprah Winfrey Buys $14 Million Ski Mansion in Colorado

Entertainment mogul Oprah Winfrey added a new gem to her collection of houses when she spent around $14 million on a giant, high-tech property in the Mountain Village section of Telluride, Colorado.

Self-Drying Jacket: 'Back to the Future II' Newest Marty McFly Item to Become a Reality

A self-drying jacket, the same one that Marty Mcfly wore in "Back to the Future II" is now a reality. A start-up company named Falyon took the initiative to recreate the futuristic jacket and it earned many supporters.

CHANGING THE GAME: Save the Children COO Carlos Carrazana's Leadership Grounded in Optimism, Kindness

Save the Children COO Carlos Carrazana's leadership is grounded in optimism and kindness "Changing the Game" is a series featuring prominent Latino changemakers and their stories of success, innovation, and vision.

World Trade Organization Countries Halt Farming Export Subsidies for ‘Fairer Trade’

The World Trade Organization (WTO) made history as the countries agreed to a new set of trade initiatives with the “Nairobi Package” during the Tenth Ministerial Conference in Kenya. The milestone deal includes a pledge to remove the subsidies for agricultural exports.

Isis Pharma Rebrands as Ionis Pharmaceuticals Following Paris Attacks

After resisting calls for name change over the past several months, Isis Pharmaceuticals eventually pulled the trigger and announced that their company will now be known as Ionis Pharmaceuticals after the latest terror attacks in Paris.

After a Projected $4.13B Net Loss, What's Next for Toshiba?

Can Toshiba expect for things to get better soon after an expected $4.13 billion loss this fiscal year?

Dead-End Jobs: 5 Signs of Career Stagnation

Having an absolute dream job in mind is quite easy but it would never fall into your lap out of the blue. After all, working toward some sort of higher goal in your career is a very challenging task to do. And, in order to avoid career stagnation, make sure that your job provides you with the opportunity to reach your goals as well as potential for growth.

Beyoncé, Jay Z Rent $45 Million Holmby Hills Palace in LA

Beyoncé and Jay Z, with their adorable 3-year old daughter, Blue Ivy, are now renting the $45 million Holmby Hills mansion after being forced to move.
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