Business News

Monsanto Workers Faced Deeper Job Cuts On Falling Sales (NYSE:MON)

Monsanto Workers Faced Deeper Job Cuts On Falling Sales (NYSE:MON)

Monsanto has announced the expansion of its layoff plan to include another 1,000 jobs as as part of its cost-cutting plan. Adding in the new layoffs brings the total planned job eliminations to 3,600 jobs over the next two years. The job eliminations are expected to impact about 16 percent […]

Airbus Applied For Patent For Hypersonic Jet (FRA:AIR)

Airbus Applied For Patent For Hypersonic Jet (FRA:AIR)

Airbus Group has announced that is developing a new hypersonic passenger jet and has filed for a patent on the aircraft. The European aircraft manufacturer described the technology in the patent application as an “ultra-rapid air vehicle and related method of aerial locomotion.” The patent application has already been approved […]

Shares of Samsung Fell As Affiliates Must Sell Holdings

Shares of Samsung Fell As Affiliates Must Sell Holdings

Samsung shares fell after antitrust regulators in South Korea told the biggest conglomerate in the country to lower is cross-shareholdings that had expanded due to a controversial merger between two units earlier this year. Samsung C&T dropped by 4.8% while Samsung SDI was down by 3.1% after a Sunday announcement […]

Saudis Rejected Calls to Cut Production in OPEC

Saudis Rejected Calls to Cut Production in OPEC

Saudi Arabia was likely to reject the calls from fellow members of OPEC to cut oil production. As the leader of the group argued, it cannot deal by itself, with one of the worst gluts in oil in history. OPEC was expected to keep its current policies in place, enforced […]

Cyborg Cockroach Uses Sound to Find Disaster Survivors

Cyborg Cockroach Uses Sound to Find Disaster Survivors

Researchers at North Carolina State University developed a method of finding disaster survivors using cockroaches. With a circuit board connected to a bug’s brain, various sounds to include human voices are picked up. These and other researchers are excited with the result of the experiment and believe that one day, […]

Chipotle Fell Short On Third Quarter Profit (NYSE:CMG)

Chipotle Fell Short On Third Quarter Profit (NYSE:CMG)

Chipotle Mexican Grill Inc. reported that its third-quarter profit missed estimates in a statement. Earnings amounted to $4.59 a share in the period, lower than analysts’ estimates of $4.62 on average, according to data compiled by Bloomberg. The company’s shares fell as much as 7.7 percent after the announcement, falling […]

Bank of England Left Rate Unchanged

Bank of England Left Rate Unchanged

The Bank of England policy makers said that low prices of oil and subdued growth in wages would keep a lid on the country’s inflation as they left the key rate at its record low. In its minutes from its meeting in December, the policy committee weighed the robust growth […]

Dual Screen Phone Launches in the United Kingdom

Dual Screen Phone Launches in the United Kingdom

As mobile device makers are becoming more and more competitive, the second generation YotaPhone is stepping up and making waves. This phone is being launched in the United Kingdom and designed with a larger screen, more powerful processer, and a full, touch e-ink display. Yota Devices is manufactured by a […]