Even though American’s say that the wastage of 130 billion pounds of food (PDF) makes them feel bad, they however don’t do anything about it. They are aware of the scale of this $160 billion (PDF) problem, said more than half the respondents in a new national survey. While 51 percent said it would be difficult to reduce…
A drone would hopefully help Facebook extend internet connectivity to every corner of the planet. The company expressed this hope after successfully completing a test flight of a solar-powered drone for this purpose. Chief Executive Mark Zuckerberg wrote in a post on his Facebook page that the test was conducted in Yuma, Arizona where Aquila,…
If you are a Verizon Wireless customer who regularly crosses 100GB a month, you would benefit from reading this. It turns out Verizon’s “unlimited” plans are in fact limited. Verizon Wireless has disclosed that those customers who regularly cross more than 100GB per month, will either be forced to switch to a limited data plan…
Although Qualcomm’s first quarter results have exceeded analysts’ expectations, if Apple were to switch is chip for modem to Intel, its bottom line could be affected. In a development that has helped bolster its sales for the quarter, Qualcomm has shipped more Snapdragon chips than it expected. It has reportedly beaten its sales estimate of by more…
Signaling that the world’s biggest oil exporter will continue to protect its market share, the Saudi Arabia state-run producer’s chief executive officer said that the country’s oil and natural gas production and drilling activities are unaffected by crude prices at current levels. The sales of Saudi Arabian Oil Co., known as Saudi Aramco to buyers…
A scramble to get a piece of the action in the booming African market is being made by WeChat, China’s biggest Internet-based mobile messaging platform even though it is late to the party. As Facebook’s WhatsApp is already part of the social media fabric in most African countries, the move is leading the South Africa-China…
As General Motors continued to capitalize on strong sales of pickup trucks and sport utility vehicles in the United States and after reporting a record second-quarter profit, the forecast for its full-year profits was raised by the company in a statement on Thursday. Sending the company shares up as much as 4.4 percent, the earnings…
A senior HSBC banker has been charged him with fraudulently rigging a multibillion-dollar currency exchange deal after he was arrested by the FBI as he attempted to board a transatlantic flight. Allegations to have “corruptly manipulated the foreign exchange market to benefit themselves and their bank” and of “defrauding clients” have been leveled against Mark…
According to FiREapps, its bad news for multinational companies since Brexit is still sending shock waves through the $5.3-trillion-a-day currency market. FiREapps said that as businesses gauge the impact of the U.K.’s vote to leave the European Union, earnings in North America will probably be cut by a record $35 billion to $40 billion in…
As US Federal prosecutors step up their investigation into billions of dollars siphoned away from a Malaysian government investment fund, they are poised to launch one of the largest asset seizures in U.S. history. This was reported by the Wall Street Journal quoting people familiar with the matter. According to people familiar with the matter…
business-gurus.com 