Marriott Hotels To Buy Out Rival Starwood In USD12.2 Billion Merger
Nov 16, 2015 16:54 pm UTC| Business
Marriott International is poised to become the worlds biggest hotel chain as it has announced its intention to purchase its rival Starwood. The Washington Post said the USD12.2 billion stock and cash deal will make the...
Apple’s First Southeast Asian Retail Store To Run On Solar Power
Nov 16, 2015 12:21 pm UTC| Business Technicals
Apple is finally taking its first step to open its retail store in Southeast Asia. The store will be located in Singapore and will reportedly run on renewable energy. Reuters reported that the Cupertino company has...
Moody’s Downgrades Toshiba To Baa3 Following Poor Financial Results, Lawsuit
Nov 12, 2015 04:58 am UTC| Business
Toshiba, the Japan-based multinational conglomerate, released its financial results on Saturday. Toshiba Group as a whole recorded a consolidated operating loss of 90.5 billion yen ($754 million) and a decline of 228.4...
U.S. True Debt Pegged At USD65 Trillion, Not USD18.5, Ex-GAO Chief Says
Nov 11, 2015 15:29 pm UTC| Business Economy
The true debt of the US is apparently bigger than what everyone thinks. In an radio interview that aired on Sunday, former Government Accountability Office (GAO) head Dave Walker said that the countrys true debt is...
Netflix ‘Making A Murderer’ Coming Next Month
Nov 11, 2015 05:00 am UTC| Business
Based on true-story, Making A Murderer is a 10-part documentary series directed by Laura Ricciardi and Moira Demos. Netflix announced that the full series will debut on December 18th, and will get a two-episode preview at...
Fitch Downgrades Volkswagen’s Rating Following Emissions Scandal
Nov 10, 2015 12:16 pm UTC| Business
Fitch Ratings, the international ratings agency, has downgraded Volkswagen AGs Long-term Issuer Default Rating (IDR) to BBB+ from A, Short-term IDR to F2 from F1 and said that the Outlook on the Long-term IDR is...
Yahoo Turns To McKinsey For Re-organization
Nov 10, 2015 06:05 am UTC| Business
Yahoo Inc. has hired McKinsey Co. to help with reorganisation, several sources close to the matter told Recode. The consulting firm will help Yahoo to decide which units to close, sell and invest more in. According to...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects