• US crude oil prices fall as inventories hit record high
US crude oil prices fall as inventories hit record high

US West Texas Intermediate (WTI) crude futures were at $27.05 per barrel at 10.30am UAE time, down 40 cents and within a dollar of the $26.19 a barrel intra-day low hit in January that was the lowest since 2003. No agreement to restrain supply has been made despite Venezuelan Oil Minister, Eulogio Del Pino, touring oil capitals from Moscow to Riya...

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  • Royal Caribbean cruise ship caught in storm
Royal Caribbean cruise ship caught in storm

The cruise ship was off of SC when it was caught in waves that towered at 30-feet high and hurricane-force winds of up to 125 miles per hour, according to reports. "Just wonder if this storm system could've been avoided". The Royal Caribbean's Anthem of the Seas was slammed by a winter storm off the southeast coast, and the U.S.

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  • Tesla Model 3 to Be Unveiled in March
Tesla Model 3 to Be Unveiled in March

The hope is that this will keep costs down and allow the Model 3 to remain affordable to your average consumer, while also helping to boost company profits at a time where sales figures aren't where they should be, ideally. The fourth quarter highlighted "the enormous difficulty" of Tesla ramping up production of the Model X so quickly, said analys...

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  • Albert Woodfox freed after 43 years in US solitary prison
Albert Woodfox freed after 43 years in US solitary prison

The Angola 3 case spurred the creation of the International Coalition to Free the Angola 3 and drew the United Nations into the fray. Woodfox was convicted of  murdering  Miller twice, but each time the guilty verdict was later overturned. His attorney,  George Kendall , made it clear that the plea was not an admission of guilt. "I try to cope by p...

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  • Donald Trump Honors Men Who 'Took Action' Against A Young Latina Protester
Donald Trump Honors Men Who 'Took Action' Against A Young Latina Protester

Trump took the opportunity to bask in his big New Hampshire win. "If it wasn't for Mr. Trump right here, I don't think any of us [veterans] would have the voice that we have", said the sheriff's deputy. Trump's comments could further alarm some Republican leaders, who fear the billionaire or Texas Senator Ted Cruz will collect the delegates neede...

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  • 8 vehicles, including 6 Wal-Mart trucks, shot in Oklahoma
8 vehicles, including 6 Wal-Mart trucks, shot in Oklahoma

Deputies arrested them on eight counts of assault with a deadly weapon and eight counts of reckless handling of firearms. The Tulsa County Sheriff's Office confirmed they are investigating several more incidents, but no more details have been released.

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  • Boeing plunge on news of SEC investigation
Boeing plunge on news of SEC investigation

Boeing has backlogged airplane orders going back seven years. On the other hand, aircraft delivered late in the production run should be assembled more profitably than Boeing's balance sheet would indicate, as the supply chain learns how to build the 787 faster and cheaper.

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  • Record release for Baahubali
Record release for Baahubali

As Prabhas has decided not to work for any project until he wraps up the shooting of the second part of the film  Baahubali , Sujeeth will have to wait some more time for him. Let's hope that  Baahubali  rules the Chinese box-office this summer just as it did in India previous year. The other one is with Jil fame Radha Krishna, both these films are...

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  • Oil prices jump above $30 a barrel
Oil prices jump above $30 a barrel

Efforts to make the plan work are complicated by deep levels of distrust between regional rivals Saudi Arabia and Iran, which has built close ties to Iraq's government in the years since the 2003 U.S.-led invasion. The price of brent crude surged 6 per cent on Tuesday to trade at $35.22 a barrel in anticipation of an agreement. Analysts cauti...

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  • Honda to recall 2.2M vehicles for Takata air bag trouble
Honda to recall 2.2M vehicles for Takata air bag trouble

Honda knows of two injuries related to the issue. ( Honda ) is recalling certain model year 2008-2010 Accord vehicles. This is potentially dangerous because air bags may not inflate during an vehicle crash. An investigation found a problem with the control unit that led to a design change in a semiconductor in 2008. Its latest action indicate...

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  • YouTube acquires marketing music startup BandPage
YouTube acquires marketing music startup BandPage

YouTube has gained possession of the online music startup BandPage , with a view to increase bands as well as attract more viewers to the online streaming giant's recently launched Red subscription service. It was a grim moment, as BandPage had just raised a big $16 million Series B from GGV Capital a few months prior. The video site has scooped...

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  • Janet Yellen: Too early to determine impact of global developments
Janet Yellen: Too early to determine impact of global developments

Massive swings in oil prices and the USA dollar have blindsided the Fed and stymied the rate-setting committee's expectations. In the process, investors started preferring the precious yellow metal. STEEP DIVE: Boeing plunged 10.1 percent following a published report that the Securities and Exchange Commission is investigating the aircraft manufa...

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  • Wexner to lead Victoria's Secret as longtime CEO Sharen Jester Turney resigns
Wexner to lead Victoria's Secret as longtime CEO Sharen Jester Turney resigns

Victoria's Secret is coming off a year where comps rose 6% to outpace the broad retail sector. Following the resignation, L Brands CEO and Chairman, Leslie H. Turney grew up on a farm in Ardmore, Okla. She joined Neiman Marcus in 1989 and held various roles before being named CEO of Neiman Marcus Direct, which includes the retailer's catalog and ...

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  • Avon's sales fall for 16th straight quarter
Avon's sales fall for 16th straight quarter

The company is on track to closing its partnership with Cerberus, Avon added. Avon ended the year with $687 million in cash, down about 25% from where it started 2015. Fourth-Quarter revenue declined 20% to $1.61 billion from $2.01 billion past year. Also, the number of active investment managers holding Avon Products Inc in their top 10 position...

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  • Honda to recall 2.2M vehicles for Takata air bags
Honda to recall 2.2M vehicles for Takata air bags

The non-desiccated PSDI-5 Takata driver front airbag inflators will be replaced, free of charge. A major challenge for Honda - and other makers - is getting those vehicles repaired. Fewer than two million affected vehicles are in the US, according to a spokeswoman for Continental in Auburn Hills, Mich. Continental Automotive is a division of Ge...

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  • OPEC announces its forecasts for 2016
OPEC announces its forecasts for 2016

The American Petroleum Institute (API), an industry group, reported a build-up of 2.4 million barrels in U.S. crude stockpiles for last week. Despite the report of talks, competition between OPEC members still appears to be fierce, with producers fighting for market share by lowering prices as Iran offered its crude to Asia at a discount to...

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  • AdblockFast Returns As Google Reverses Decision To Block Ad Blocking Apps
AdblockFast Returns As Google Reverses Decision To Block Ad Blocking Apps

Google has figured out a new way to harness all this knowledge and use it to recommend apps that might make your day of traveling a bit more tolerable. An update to the app was introduced on February 1st, which Google promptly rejected. Some ad blocking apps were allowed to remain on the store, while others were removed; also, some were allowed t...

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  • Russia: No Firm Plans to Coordinate Oil Output With OPEC
Russia: No Firm Plans to Coordinate Oil Output With OPEC

Some also say Riyadh's maneuvering is a bid to put pressure on the economy of its regional non-OPEC rival, Iran . A Russian deputy prime minister said oil companies should decide whether to cut production to boost prices. The top non-OPEC producer, Russia , has in the past been unwilling to cut oil output , as it battles for market share wit...

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  • U.S. oil price drops amid resilient production
U.S. oil price drops amid resilient production

USA benchmark West Texas Intermediate (WTI) for March delivery was down 40 cents, or 1.46 percent, to $27.05 at around 0600 GMT after sinking to as low as $26.85 earlier in the session. An uncertain price trajectory for 2016 and a sharp decline in rig activity in North America means oil production is under pressure, OPEC said. Oil prices have slu...

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  • Problems With IRS Computers Shut Down E-File System
Problems With IRS Computers Shut Down E-File System

In the meantime, taxpayers can still submit their returns to tax-preparation companies, which will hold them until IRS systems are back online, the agency said. "By filing early, you cannot only get your refund more quickly, but you lock out your personal information so that the bag guys can't get to it", says Mark Steber, chief tax officer at Jack...

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