Former Boeing exec Doug Nichols of Aerion is developing s supersonic 12-seat jet which promises to get its passengers from New York to London in a mere 4.5 hours. That is about 3 hours faster than conventional jets. Nichols is betting that the savings of time the new plane will provide will be worth the… Continue Reading
Interestingly, many private equity firms have their eyes on skin care products and personal products for beauty. Avon Ladies, for instance, has sold its North American business to private equity firm Cerberus Capital Management. They are selling 80.1% of their US and Canadian divisions to Cerberus, which is known for its turnaround expertise. Similarly, MidOcean… Continue Reading
Hawkish policymaker Loretta Mester, president of the Cleveland Federal Reserve, praised the recent rise in interest rates, saying it was a good first step to more normal monetary policy. She said it sent a positive message that the US economy will continue making gains. “I fully supported the … December action,” Mester said, referring to… Continue Reading
In the wake of a report stating that Iran intends to increase oil imports when economic sanctions are lifted, global oil prices plummeted by about 3 percent overall. North America’s main oil blend benchmark price fell by over 3 percent, going for $37 per barrel on Monday. As a result, the Canadian dollar fell under… Continue Reading
Millennials are today’s trendsetters, and they seem to be voting for less at-home internet and more smartphone usage, at least according to a new Pew Research Center poll. Young people today are asking themselves why they should pay for broadband services if they are doing most of their browsing with their phones? And the answer… Continue Reading
Beginning in January 2016 Pinterest will allow any US company to purchase its “promoted pins” advertising product. This is one more in a series of steps to monetize the company and make it profitable. Pinterest is one of the tech world’s fastest rising stars, designated as a ‘unicorn’ it is hoped that it can build… Continue Reading
November added 211,000 more jobs to the economy, according to data released by the Bureau of Labor Statistics. The unemployment rate is staying close to its five-year low at 5 percent. Job increases were seen in several sectors, including food services and retail. The good stats for job growth will hopefully make it easier for… Continue Reading
In what many might see as an unlikely combination, Christians are stepping up in the thousands to support Israel during the recent upswing in terrorist attacks targeting Israeli civilians and soldiers. Many of the Christians are helping through donations to the International Fellowship of Christians and Jews, a non-profit organization founded by Rabbi Yechiel Eckstein.… Continue Reading
In a response to the statement by Indian Prime Minister Narendar Modi declaring that climate change is “not our fault,” President Obama signaled that he is ready to work with India and China to piece together an ambitious agreement on climate change. Deputy National Security Advisor Ben Rhodes told reporters in Paris that the US… Continue Reading
Chinese nationals are the largest group of non-American buyers of US real estate. With an eye to diversifying their portfolios and keeping their money safe, Chinese investors are willing to pay more than all other nationalities. Enter the voice messaging app known as WeChat, introduced in 2011 by the Chinese Internet gaming giant Tencent. WeChat,… Continue Reading