Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.
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PC Atari Collection To Be Released This Year Includes Tempest And Asteroids, Bringing Back Classic Games In Modern Era
Atari will release a new Atari game collection, which consists of 100 re-imagined classic games. The Atari Vault will also include the iconic titles, such as Tempest and Asteroids. The launch is expected to be done in Spring this year. There are some upgrades and new features added in the games that will make fans feel the classic experience in this modern time.
Company Restructuring: Four Executives Are Leaving Twitter as The Company Plan Big Leadership Changes
Four executives are reported to take a departure from the social media company as part of a major restructuring plan by the new CEO Jack Dorsey. In addition to those asked to leave, some other executives have already stepped down out of pressure.
Social Network Facebook to construct second data center in Ireland
Facebook announced its plan to open the second data center in Clonee, Ireland. By opening the Clonee center, the company is joining a list of companies like Google, Apple, Microsoft and Amazon, which operate some of the European centers in the nation.
3D VR Image Rendered By Google Cardboard Sets A Milestone In The History of Cardiac Surgery
Teegan, a baby girl has born in August with a half heart and single lung in a Minnesota hospital. The baby has showed strength of her life through remaining alive after 2 months diminishing doctors’ predictions which prompted her parents to contact Dr Remond Burke, chief of cardiovascular surgery at the Miami hospital. He and a team of 30 doctors and nurses have conducted a 7 hour long surgery through 3D image generated by Google Cardboard. The baby is safe after four weeks and now hopes to go home after next two weeks.
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The German sportswear and apparel giant ends sponsorship with the International Association of Athletics Federation (IAAF). Adidas decided to terminate the contract because of continuous doping scandal and corruption.
Nigeria is one of populated country in Central Africa. The country is rich with the natural resources like oil and gas. But it faces a serious problem, that is corruption
The slump of oil price has contributed to economic crisis in Venezuela. Inflation rate in the country has reached 141 percent. This situation has made president Venezuela to take some action.
The major factors such as oil price fall, economy growth concerns and uncertainty in stock markets are keeping more pressure on mortgage rates in the US market. The average US rate on long-term mortgage dropped for three weeks in a row to 3.81 percent. The average rate on 15-year mortgages dropped to 3.10 percent from 3.19 percent.
The Onion Router (Tor) began as military intelligence research in 1995, before became a volunteer-based project in 2002. Now, the project tried to lessen dependency on U.S. government by launching a crowdfunding campaign.
Datical, an Austin-based data management company announced on Thursday of its $8 million Series B funding. The funding was led by S3 ventures with its existing investors Mercury Fund and Austin Ventures.
Despite economy growth rate of over seven percent, the Indian stock markets are suffering from the selloff by foreign investors. The domestic stock markets may enter bear territory soon after the fall in Shanghai and Tokyo markets. The cash-strapped foreign investors are offloading in Indian stocks since November 2015. On the other hand, Asian stocks gaining momentum following the marginal rebound in oil price.
The stockpiles levels in China, the biggest commodity consumer, are impacting copper prices in the global markets. Copper price is hovering at $4,400 per metric ton and is moving in consolidation phase. Chinese smelters may cut down output and stop increasing capacities this year.
The store who designed and manufactured the shirt keeps getting surge of orders. El Chapo, the drug lord captured last Friday, was shown wearing that shirt on a photograph with actor Sean Penn.
