Rio de Janeiro the iconic state in Brazil is getting a huge, last minute bailout only seven weeks prior to the start of the 2016 Olympic Games. The federal government in Brazil approved a bailout for $850 million or 2.9 billion Reals, to increase security in the city for the […]
New York-based China Labor Watch has reported finding child labor violations at a company in China that supplies materials to Samsung Electronics. During an investigation that was conducted throughout July and August, the group reportedly found 10 children working at a factory operated by China-based supplier HEG Technology. The report […]
Major US markets ended last week on a downward note. However, futures are pointing to a different ending this week, if markets hold up. With the exception of Nikkei, which was flat for the day, Hang Seng ended over half a percent higher, while the Shanghai Composite jumped nearly 1% […]
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 […]
The US job market was at its best last year since 1999 as economic activity grew significantly by 5% in the third-quarter of fiscal year 2014 (3QFY14). However, the start of 2015 is slow and the economy seems to be losing its momentum for growth. Experts have lowered their growth […]
General Motors would be spinning off the luxury Cadillac brand into its own separate business unit in a move to turn around the brand. Cadillac’s once-renowned luxury image has faded somewhat in recent years. Cadillac’s sales have slid 5 percent when compared with the same quarter a year ago. The […]
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 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 […]
