North America

Customers Wait In Line To Reserve Tesla Motors Inc. Model 3 Ahead Of Store Openings

‘Model 3’ Unveiling By Tesla Causes Soaring Its Stock By 60%

More than 137,000 people have submitted a $1,000 deposit for pre-order of Tesla’s recently unveiled electric car ‘Model 3’. The pre-booking figure suggests Tesla’s ability for achieving its pre-set goal for selling 5,000 cars by 2020. Following the revelation, Tesla stock has been witnessed to increase by 60% during extended hour trading on Wednesday.

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Jet Blue And Alaska Air Reportedly Prepare Takeover Bids For Virgin America

Smaller airlines upbeat on Virgin America acquisition

Virgin America, Billionaire Richard Branson's small carrier, is on the block and this is attracting other smaller airlines to bid for it. Airlines in the US are making more profits owing to cheaper oil prices. Acquisition route is ideal for smaller airlines to expand further.

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Solar Modules

SunEdison to File Chapter 11, Probed By SEC

SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by the Securities and Exchange Commission over possible overstating.

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Commercial Vegetable Production At Monliz-Produtos Alimentares do Mondego e Liz SA Plant

Frozen Broccoli Cuts Recalled Due to Possible Listeria Contamination

Frozen broccoli cuts have been recalled from 11 states that have been distributed with 1,800 cases which could be contaminated with Listeria monocytogenes. The infection affects young and old and can cause slight to severe infections with symptoms like high fever, abdominal pains and diarrhea to name a few aside from miscarriage and stillbirth.

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An employee walks past solar panels plac

SunEdison Planning For Bankruptcy Filing, Negotiating With Creditors For Related Financing

Besides suffering from acute cash crunch SunEdison has been facing scrutiny from regulators over failed Vivint deal and other issues. Huge debt burden has led the renewable energy giant to consider for seeking bankruptcy protection and is holding negotiations for related financing. The news has caused slashing share prices by around 50% during after hours trading on Friday.

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Kerry Announces $600 Million Development Fund For Nigeria, Agrees Forming Working Groups

The US has halted all sorts of cooperation to Nigeria on the allegation of human rights abuse and corruption by Nigerian army during the regime of Goodluck Jonathan. But under the leadership of President Muhammadu Buhari, the encouraged US has vowed for extending economic and security support forming working groups. John Kerry, the US Secretary of State has also announced $600 development assistance for Nigeria.

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Bronze Equestrian statue of George Washington in the Public..

Meketa Investment Group enhances staff ownership team

Meketa Investment Group has increased its employee ownership team. It has included seven new shareholders into employee ownership team. Meketa is optimistic on adding new expertise and talent that supports its business expansion plan across different geographies.

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Hedge Fund Fight Night 2013 Training

Glenmede Fund Manager de Vassal Wins 2016 Lipper Award For Excellence In Fund Management

‘Lipper Fund Awards’ recognizes outstanding fund managers extracted through a proprietary quantitative methodology. This year, Vladimir “Val” de Vassal, CFA, fund manager for Glenmede Large Cap Growth Fund, has won the award. Peter Zuleba, president of Glenmede Investment Management expresses his pride for Mr. Vassal and his team’s achievement for excellence in fund management.

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GE Shrinks Finance Business, Appeals For Omitting SIFI Label

GE has slashed down assets of finance arm from $549 billion to $265 billion while cutting ties with rest of the financial system that led to attain the SIFI status. Now the conglomerate appeals for its declassification since it no longer possesses ability to exert risk for the US economy. However, an FSOC spokesman vows to exercise its legislative authority in protecting the country’s economy from potential threats.

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orld Leaders Gather For Nuclear Security Summit

US investments in India outpacing China

Investments from the US surpassed China ever since Narendra Modi became Prime Minister of India in May 2014. The encouraging economy growth is the prime reason for robust US investments in India.

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David Montgomery, vice president, Charles River Associates,

Charles River Associates Appoints James Massey To Strengthen Its Finance Practice

Charles River Associates, CRA, the Boston based global consulting firm is specialized in litigation, regulatory, financial and management consulting. The firm is now expanding the finance practice through appointing James Massey as a vice president. Mr. Massey has 30 years’ experience in advising a wide range of companies covering S&P 500, private equity firms, hedge funds and so on.

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New York tours and attractions: Metlife building standing.

MetLife wins legal case against FSOC's SIFI designation

MetLife has won a legal battle against US regulators over systemically important' financial institution (SIFI) status. A Washington court has rejected Financial Stability Oversight Counsil's (FSOC) attempt to classify MetLife as SIFI.

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Yahoo Said to Propose Job Cuts as Part of Mayer's Revival Plan

Yahoo revises bylaws allowing proxy access

Allowing proxy access, Yahoo Inc has revised its bylaws. It'll also enable long-time shareholders to nominate candidates at board on ballots. The new bylaws will come into force after 2016 annual general meeting (AGM) scheduled in June or July.

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Apple Inc. Announces New iPhone And iPad Pro

Apple Launches Safari Technology Preview, New Browser Version For The Developers

Apple has launched on Wednesday a new Safari browser version, specially designed for the developers, Safari Technology Preview. It allows developers to experiment their own applications with the browser version with features like ECMAScript 6 and the B3 JavaScript JIT compiler. Apple has requested to share experience feedback to help in further developments of the browser.

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The logo CITI on the facade of a modern building. Citigroup...

Citigroup Study Report Suggests 30% Job Cuts In US Banking Industry By 2025

To tackle volatility in the US banking market, regulators are enacting new laws time to time directing to absorb new technologies. Adoption of automated technologies coupled with aggression by fintech startups. A recent Citigroup study predicts that US banking sector may witness 30% job cutts by 2025.

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