Markets


OPEC meeting ends without deal on production
- June 03, 2016

Both Saudi Arabia and Iran want to be regional top dog in the Middle East. In April, Opec attempted to agree on a production cap, only for Saudi Arabia to say it would cut production if Iran did the same. "An output ceiling has no benefit to us", Zanganeh told reporters upon arriving in Vienna late on Wednesday and before seeing any fellow OPEC ministers. (more...)
Automakers recall 12 million U.S. vehicles over Takata air bags
- June 03, 2016

Japan's transport ministry on Saturday announced it will recall another seven million vehicles fitted with defective airbags. Takata airbag inflators were originally recalled because they can explode with too much force, spraying metal shrapnel into the cabin. (more...)
United Nations warns 20000 Iraqi children trapped in Fallujah battlefield United Nations warns 20000 Iraqi children trapped in Fallujah battlefield
- June 03, 2016

An estimated 50,000 civilians are trapped in bad conditions as the Iraqi forces are poised to retake the Iraqi city of Fallujah from the hands of the Islamic State of Iraq and the Levant (ISIL, also known as ISIL) terrorist group. Such an arrangement is unlikely to happen because it would require negotiations between both sides. "We have dramatic reports of the increase of the number of executions of men and older boys, refusing to fight on behalf of ISIL", said a spokeswoman for the United ... (more...)
OH official: No decision yet on charges in gorilla case
- June 03, 2016

Police wrapped up their investigation Wednesday afternoon without making a recommendation about charges in the case of a boy who officials say fell into a gorilla exhibit at the Cincinnati Zoo, according to a source close to the investigation. (more...)
This is what the new £5 note will look like This is what the new £5 note will look like
- June 03, 2016

The Bank of England on Thursday unveiled the design of a new £5 (6.5 euros, $7.2) banknote bearing the image of wartime leader Winston Churchill at an event in his family's ancestral home of Blenheim Palace. Churchill, the first statesman to feature on British banknotes, will be pictured alongside a view of Westminster with Big Ben showing 3 o'clock - the approximate time on 13 May 1940 when Churchill declared in a speech: "I have nothing to offer but blood, toil, tears and sweat". (more...)
Oil down as OPEC unlikely to curb output; technical selling too
- June 02, 2016

Saudi arch-rival and OPEC member Iran said the country was not yet ready for an output pact, but several OPEC sources said the atmosphere inside the group had improved and a compromise was possible. UAE Oil Minister Suhail bin Mohammed al-Mazroui said oil markets were still not close to rebalancing due to a severe glut and a further price correction was possible. (more...)
Security checkpoint lines moving smoothly at OIA despite glut of holiday travelers
- June 02, 2016

TSA said on Wednesday that while it is taking steps such as hiring more full-time workers to shorten lines, it lacks the staff to handle peak travel times this summer. "The lines at TSA checkpoints nationwide have become unacceptable", said American Airlines spokesman Ross Feinstein. The survey also said that 66% waited just 30 minutes or less; 35% waited between 30 and 45 minutes; and 11% waited 45 minutes to an hour. (more...)
Ahead of meeting, OPEC seems close to riding out price slump
- June 01, 2016

Earlier, Saudi Arabia reiterated that the country is not going to limit its production level without Iran's commitment to the plan. In New York trade, USA benchmark West Texas Intermediate for delivery in July lost 23 cents at $49.10 per barrel. (more...)
Takata airbag recall widens as restructuring looms Takata airbag recall widens as restructuring looms
- June 01, 2016

More automakers are expected to issue recall notices in coming days. Takata inflators can explode with too much force and spray metal shrapnel into vehicle passenger compartments. Some Pontiac and Saab vehicles are also affected. Mark Rosekind, Administrator of the National Highway Traffic Safety Administration, speaks during a news conference on Takata airbags at the Department of Transportation, May 4, 2016 in Washington, DC. (more...)
Cavs, LeBron find same title hope obstacle in Golden State
- June 01, 2016

With attention surrounding James' attempt to end Cleveland's championship drought and the Warriors coming off a historic 73 win season, this year's number could easily top last year's. "This is a handsome thing to see". "He hasn't changed to try to prove anything", said 2015 Finals MVP Andre Iguodala. James did everything possible, averaging 35.8 points, 13.3 rebounds and 8.8 assists - an unprecedented finals stat line - but it wasn't enough. (more...)
Bumblebees' Tiny Hairs Can Sense Flowers' Electric Fields Bumblebees' Tiny Hairs Can Sense Flowers' Electric Fields
- June 01, 2016

A team of researchers posited that the fields might exert a small force that moves structures on the bee's body, perhaps their antennae or body hairs. It's well known that bumblebees use their sense of smell, as well as visual cues such as the colour, shape, and patterning of flowers , to find nectar, and in 2013, biologist Daniel Robert and his colleagues reported the surprising finding that they can also detect floral electric fields . (more...)
Viacom's independent directors vow to fight ouster attempt Viacom's independent directors vow to fight ouster attempt
- June 01, 2016

Besides being overpaid for underperforming, there's another reason Philippe Dauman shouldn't be CEO of Viacom: He's using corporate lawyers and p.r. Dauman, 62, has filed a legal challenge to that move, arguing that Redstone was being manipulated by his daughter, Shari. After Dauman and Abrams were apparently booted from the trust, Viacom charged that Shari has isolated her father and placed "his residence on lockdown". (more...)
Memorial Day Weekend Is TSA's First Test Of Summer Travel Season
- May 31, 2016

The agency is also hiring more security officers, but those officers aren't expected to complete training before midsummer and local airports aren't waiting. Airports say their outer defenses are strong, that the miles of fences, gates and guardhouses protecting their properties are secure and that many intruders who get through anyway are quickly caught. (more...)
Buffett's other big tech bet has been a bust Buffett's other big tech bet has been a bust
- May 31, 2016

Besides Buffett, Berkshire has two other investment managers, who each handle about $9 billion. Apple's shares, which have lost nearly a third of their value since mid-April when the firm announced its first quarterly drop in sales in 13 years, rose 3.4% to $93.50 dollars by 11am on Monday following the news. (more...)
End to Verizon strike brings pay raise, bonuses for employees
- May 31, 2016

It appears that after the meet up, the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW) were able to discuss a 4-year contract that will need to be ratified by the members of both unions, as further noted by the same post. (more...)
Takata Air Bags: 12 Million Vehicles Recalled
- May 31, 2016

Takata has declared 14 million inflators defective in the first phase of its latest recall. Before the latest expansion, automakers had recalled 28.8 million Takata inflators, so as many as 69 million could be recalled in the USA alone. (more...)
Japan Orders Seven-Million Vehicle Expansion of Takata Airbag Recall
- May 31, 2016

This recall will mostly cover passenger-side airbags and will take place in stages. Most were built between the 2005 and 2011 model years. My own Dodge Ram 1500 was included in the early phases of the recall process and today, the Chrysler Group rolled out another long list of vehicles with the problematic Takata parts. (more...)
Top Gear returns to BBC Two with new hosts Top Gear returns to BBC Two with new hosts
- May 31, 2016

The TFI Friday host said: "The new Top Gear is a hit". Clarkson was earlier fired for punching producer of the show Oisin Tymon and for calling him a 'lazy Irish c***' because he couldn't order a steak after a long day of filming in March previous year. (more...)
Buffett's Berkshire Buys Apple Inc. After Carl Icahn Dumps It
- May 30, 2016

In a regulatory filing detailing most of its stock holdings, Berkshire said it held 9.81 million Apple shares worth US$1.07 billion as of 31 March. The disclosure follows the revelation over this past weekend that Buffet is backing Quicken Loans founder Dan Gilbert in a bid for Yahoo . Apple last month reported its first decline in revenue in 13 years, as growing competition hurt iPhone sales. (more...)
Xiaomi Redmi 3A Clears TENAA, Features 4000-mAh Battery, 16MP Camera Xiaomi Redmi 3A Clears TENAA, Features 4000-mAh Battery, 16MP Camera
- May 30, 2016

The phone will ship with the company's MIUI based on Android's Marshmallow 6.0.1 and as said earlier will be powered by a powerful 4,000mAh battery that will offer long usage cycles. The phone with model number 2015115 [translated], which could be the successor of the Redmi Note 3, may boast a 5.5-inch Full HD screen. Xiaomi Redmi Note 3 was launched on March 3 in India. (more...)

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