Markets
California leak was top methane release in US history
- February 26, 2016
SoCal Gas has pleaded not guilty to criminal misdemeanor charges stemming from the release, which prosecutors said the utility failed to report in a timely manner. "We do a lot of sampling, and we don't see 20 very often", said Blake, who has studied atmospheric methane since the 1970s. "What this shows is we do have to worry about these large leaks", said Steve Hamburg, a chief scientist at the Environmental Defense Fund. (more...)
- February 26, 2016
SoCal Gas has pleaded not guilty to criminal misdemeanor charges stemming from the release, which prosecutors said the utility failed to report in a timely manner. "We do a lot of sampling, and we don't see 20 very often", said Blake, who has studied atmospheric methane since the 1970s. "What this shows is we do have to worry about these large leaks", said Steve Hamburg, a chief scientist at the Environmental Defense Fund. (more...)
Revenue Drops at Best Buy On Fewer Electronics Sales
- February 26, 2016
Gobs of share repurchases. But a company spokesman noted that it is also hiring for dozens of positions. Best Buy chairman and CEO, Hubert Joly, stated in the press release: "In our Domestic business, we exceeded our bottom-line expectations due to a well-executed holiday plan, a disciplined promotional strategy, better recovery on returned and clearance product and strong expense management". (more...)
- February 26, 2016
Gobs of share repurchases. But a company spokesman noted that it is also hiring for dozens of positions. Best Buy chairman and CEO, Hubert Joly, stated in the press release: "In our Domestic business, we exceeded our bottom-line expectations due to a well-executed holiday plan, a disciplined promotional strategy, better recovery on returned and clearance product and strong expense management". (more...)
UN panel agrees to ban battery shipments on airliners
- February 25, 2016
The International Civil Aviation Organization (ICAO), a United Nations agency in charge of regulating flying, issued an interim ban on Monday that prevents cargo shipments of lithium-ion batteries from being included on passenger flights. Two serious cases of overheating in lithium-ion batteries took place in January 2013, both on Boeing 787 Dreamliner aircraft. Tests by aviation bodies have established that lithium-ion batteries can self-ignite and burn with a heat of about 600C - close ... (more...)
- February 25, 2016
The International Civil Aviation Organization (ICAO), a United Nations agency in charge of regulating flying, issued an interim ban on Monday that prevents cargo shipments of lithium-ion batteries from being included on passenger flights. Two serious cases of overheating in lithium-ion batteries took place in January 2013, both on Boeing 787 Dreamliner aircraft. Tests by aviation bodies have established that lithium-ion batteries can self-ignite and burn with a heat of about 600C - close ... (more...)
NASA turns to public to help humanoid robot 'see' better
- February 25, 2016
Another perk (or problem): The moon is outside Earth's protective magnetic field, so they have to figure out how to protect the astronauts from radiation (which will also be important when we go to Mars). Scott Kelly shows off the stunning zinnias he was able to grow aboard the station . While every space mission is historically significant, this one stands out. (more...)
- February 25, 2016
Another perk (or problem): The moon is outside Earth's protective magnetic field, so they have to figure out how to protect the astronauts from radiation (which will also be important when we go to Mars). Scott Kelly shows off the stunning zinnias he was able to grow aboard the station . While every space mission is historically significant, this one stands out. (more...)
CDC Investigating 14 Possible Cases of Sexually Transmitted Zika-Including Pregnant Women
- February 25, 2016
Although the primary mode of transmission of the virus is through the bite of an infected mosquito, the Texas case prompted the CDC to issue interim recommendations on February 5 to prevent sexual spread of the virus. A spate of birth defects in Brazil late a year ago first triggered concern of health authorities, who suspect the virus has brought about cases of microcephaly, or babies born with abnormally small heads. (more...)
- February 25, 2016
Although the primary mode of transmission of the virus is through the bite of an infected mosquito, the Texas case prompted the CDC to issue interim recommendations on February 5 to prevent sexual spread of the virus. A spate of birth defects in Brazil late a year ago first triggered concern of health authorities, who suspect the virus has brought about cases of microcephaly, or babies born with abnormally small heads. (more...)
Happy or angry? Facebook launches new emoticons to go alongside the 'like'
- February 25, 2016
Facebook users have clamored to add a so-called dislike button in addition to the like button. Additionally, Reactions will help businesses and page owners "better understand how people are responding to their content on Facebook ", said Krug. (more...)
- February 25, 2016
Facebook users have clamored to add a so-called dislike button in addition to the like button. Additionally, Reactions will help businesses and page owners "better understand how people are responding to their content on Facebook ", said Krug. (more...)
Trump notches another win as Rubio bids to elbow past Cruz
- February 25, 2016
Trump, the billionaire NY businessman, now can claim victories in the West, the South and Northeast - a testament to his broad appeal among voters frustrated with the political establishment. Trump didn't just win with less educated voters, or "poorly educated", as he called them, he crushed it. The results will be used to determine the number of Republican delegates who represent the state at the party's nominating convention in July. (more...)
- February 25, 2016
Trump, the billionaire NY businessman, now can claim victories in the West, the South and Northeast - a testament to his broad appeal among voters frustrated with the political establishment. Trump didn't just win with less educated voters, or "poorly educated", as he called them, he crushed it. The results will be used to determine the number of Republican delegates who represent the state at the party's nominating convention in July. (more...)
UN Bans Passenger Planes From Carrying Lithium-Ion Batteries As Cargo
- February 24, 2016
Lithium-ion batteries are used in a vast array of products, from cellphones and laptops to some electric cars. According to a statement from the council president of the International Civil Aviation Organization, Olumuyiwa Bernard Aliu, the new packaging standard is expected by 2018. (more...)
- February 24, 2016
Lithium-ion batteries are used in a vast array of products, from cellphones and laptops to some electric cars. According to a statement from the council president of the International Civil Aviation Organization, Olumuyiwa Bernard Aliu, the new packaging standard is expected by 2018. (more...)
UK parliamentary committee says Google tax settlement small
- February 24, 2016
While finance minister George Osborne has hailed the British agreement a victory, there has been a barrage of criticism, including from within Cameron's own Conservative Party. "But we're not. We're paying 20% tax". In response to the report from PAC, an HMRC spokesperson said: 'HMRC does not settle for a penny less than is due under the law from multinationals. (more...)
- February 24, 2016
While finance minister George Osborne has hailed the British agreement a victory, there has been a barrage of criticism, including from within Cameron's own Conservative Party. "But we're not. We're paying 20% tax". In response to the report from PAC, an HMRC spokesperson said: 'HMRC does not settle for a penny less than is due under the law from multinationals. (more...)
Saudi Arabia halts $4B in Lebanese deals amid Iran dispute
- February 24, 2016
It was referring to an attack by Iranian demonstrators protesting over the execution by Saudi Arabia of a senior Sh'ite cleric convicted of incitement to violence. "Saudi Arabia is suffering a severe financial crisis" which Hezbollah said was linked to "the huge cost of its sinful aggression on brotherly Yemen" and the collapse in global oil prices. (more...)
- February 24, 2016
It was referring to an attack by Iranian demonstrators protesting over the execution by Saudi Arabia of a senior Sh'ite cleric convicted of incitement to violence. "Saudi Arabia is suffering a severe financial crisis" which Hezbollah said was linked to "the huge cost of its sinful aggression on brotherly Yemen" and the collapse in global oil prices. (more...)
Oil dips as rising Iranian output to counter falling USA shale production
- February 24, 2016
ET on the New York Mercantile Exchange. In London, Brent North Sea crude for April, the European benchmark for crude oil, finished the session at $33.27 a barrel, down $1.42 (4.1 percent) from Monday's settlement. While Iran , now free of worldwide sanctions that hurt its oil trade, has welcomed the move, the country has stopped short of pledging to act itself. (more...)
- February 24, 2016
ET on the New York Mercantile Exchange. In London, Brent North Sea crude for April, the European benchmark for crude oil, finished the session at $33.27 a barrel, down $1.42 (4.1 percent) from Monday's settlement. While Iran , now free of worldwide sanctions that hurt its oil trade, has welcomed the move, the country has stopped short of pledging to act itself. (more...)
No oil output cut: Saudi official
- February 24, 2016
Oil futures had rallied Monday after recent data showed a ninth straight weekly decline in the number of active USA oil-drilling rigs and a report from the International Energy Agency suggested that the market will see a "rebalance" of supply and demand by next year. (more...)
- February 24, 2016
Oil futures had rallied Monday after recent data showed a ninth straight weekly decline in the number of active USA oil-drilling rigs and a report from the International Energy Agency suggested that the market will see a "rebalance" of supply and demand by next year. (more...)
Woman convicted of cutting stranger's baby from womb
- February 24, 2016
Jurors deliberated for roughly six hours Monday and one hour Tuesday before informing Chief District Court Judge Maria Berkenkotter that they had reached a verdict in the case against Dynel Lane. "I do not hate Dynel, but I am angry for all the pain that she caused", Wilkins said Tuesday. Wilkins testified that they chatted for about an hour before Lane hit, pushed and tried to choke her, then used two kitchen knives to cut the baby from her womb. (more...)
- February 24, 2016
Jurors deliberated for roughly six hours Monday and one hour Tuesday before informing Chief District Court Judge Maria Berkenkotter that they had reached a verdict in the case against Dynel Lane. "I do not hate Dynel, but I am angry for all the pain that she caused", Wilkins said Tuesday. Wilkins testified that they chatted for about an hour before Lane hit, pushed and tried to choke her, then used two kitchen knives to cut the baby from her womb. (more...)
Amazon stops selling all hoverboards
- February 24, 2016
Last week, the Consumer Products Safety Commission said it had determined that hoverboards sold without a safety review posed an "imminent hazard," and could be seized unless they were shown to meet two levels of safety certification. This past weekend, Shanna Abraham, 13, from Orland Park near Chicago tested her new hoverboard, which arrived late for Christmas after the South Korean manufacturers stated they were having problems with the battery. (more...)
- February 24, 2016
Last week, the Consumer Products Safety Commission said it had determined that hoverboards sold without a safety review posed an "imminent hazard," and could be seized unless they were shown to meet two levels of safety certification. This past weekend, Shanna Abraham, 13, from Orland Park near Chicago tested her new hoverboard, which arrived late for Christmas after the South Korean manufacturers stated they were having problems with the battery. (more...)
USA home prices up in December, but short of expectations
- February 23, 2016
That was just below the 5.8 percent estimate from a Reuters poll of economists. Annualized U.S. single-family home prices rose less than expected in November, a closely watched survey showed on Tuesday. "Seasonally adjusted, Miami had lower price [gains] this month than last and 10 other cities saw smaller increases than last month". Demand for homes is likely to spur more new construction, which has lagged behind in this recovery. (more...)
- February 23, 2016
That was just below the 5.8 percent estimate from a Reuters poll of economists. Annualized U.S. single-family home prices rose less than expected in November, a closely watched survey showed on Tuesday. "Seasonally adjusted, Miami had lower price [gains] this month than last and 10 other cities saw smaller increases than last month". Demand for homes is likely to spur more new construction, which has lagged behind in this recovery. (more...)
MasterCard wants you to pay with a selfie
- February 23, 2016
The system is called " selfie pay ", and it works much like it sounds. Mastercard's Chief Product Security Officer Ajay Bhalla is confident that such technology will be ubiquitous in half a decade's time. "In the modern world everyone has a mobile phone and there is internet connectivity everywhere". Although there have been some concerns regarding biometric security, Paco Garcia, CTO at Yoti, believes that biometrics will soon become the norm as consumers realise the benefits and ease ... (more...)
- February 23, 2016
The system is called " selfie pay ", and it works much like it sounds. Mastercard's Chief Product Security Officer Ajay Bhalla is confident that such technology will be ubiquitous in half a decade's time. "In the modern world everyone has a mobile phone and there is internet connectivity everywhere". Although there have been some concerns regarding biometric security, Paco Garcia, CTO at Yoti, believes that biometrics will soon become the norm as consumers realise the benefits and ease ... (more...)
Oil climbs 5% on prediction of declining United States shale output
- February 23, 2016
Crude oil prices are not likely to recover in 2016, unless non-Organization of the Petroleum Exporting countries (OPEC) cut crude oil production by a larger than expected percentage, or oil demand increases significantly, highlights International Energy Agency (IEA). (more...)
- February 23, 2016
Crude oil prices are not likely to recover in 2016, unless non-Organization of the Petroleum Exporting countries (OPEC) cut crude oil production by a larger than expected percentage, or oil demand increases significantly, highlights International Energy Agency (IEA). (more...)
High supplies seen capping oil price until early 2017
- February 23, 2016
Global supply has to rise around three million bpd annually, just to account for decline in production, in addition to 1.2 million bpd to accommodate annual increase in demand, Birol said. Only Saudi Arabia and Iran have any spare production capacity left, and other countries are not investing enough even to keep current production going, let alone meet demand growth over coming years. (more...)
- February 23, 2016
Global supply has to rise around three million bpd annually, just to account for decline in production, in addition to 1.2 million bpd to accommodate annual increase in demand, Birol said. Only Saudi Arabia and Iran have any spare production capacity left, and other countries are not investing enough even to keep current production going, let alone meet demand growth over coming years. (more...)
Lumber Liquidators stock hammered after revised cancer-risk report
- February 23, 2016
Formaldehyde isn't even safe at lower levels, causing "respiratory issues, and eye, nose, and throat irritation". The report also noted further health problems, including that "exposure to the range of modeled levels of formaldehyde in indoor air could cause increased symptoms and other respiratory issues for people with asthma and COPD". (more...)
- February 23, 2016
Formaldehyde isn't even safe at lower levels, causing "respiratory issues, and eye, nose, and throat irritation". The report also noted further health problems, including that "exposure to the range of modeled levels of formaldehyde in indoor air could cause increased symptoms and other respiratory issues for people with asthma and COPD". (more...)
Flint Residents Take Legal Action as News Keeps Getting Worse
- February 23, 2016
If consumed, lead can cause developmental delays and learning disabilities. But, despite the costs, officials say fixing the city's lead lines must remain a priority for Flint's residents and the city's financial future. Snyder says the city still has some things to do before it can get the money. The panel will take up the budget legislation Wednesday. It will have to go back to the Senate for approval before it will be forwarded to Gov. (more...)
- February 23, 2016
If consumed, lead can cause developmental delays and learning disabilities. But, despite the costs, officials say fixing the city's lead lines must remain a priority for Flint's residents and the city's financial future. Snyder says the city still has some things to do before it can get the money. The panel will take up the budget legislation Wednesday. It will have to go back to the Senate for approval before it will be forwarded to Gov. (more...)
Latest news
Amazon Announces Plans to Purchase Whole Foods