Emaar Properties Developer of Burj Khalifa Plans to Build a Taller Tower
Submitted by Anil Dayal on Mon, 04/11/2016 - 07:14With the tallest building of the world under their belt, Emaar Properties a Dubai developer plans to build one that's even taller than Burj Khalifa. The new tower is set to be different with a view! It is planned to have rotating balconies and elevated landscapes that are inspired by the historical hanging gardens of Babylon.
TransCanada says Leak Repaired; Will Restart Service at Keystone Pipeline with Reduced Pressure
Submitted by Kunal Garg on Mon, 04/11/2016 - 07:10The Keystone pipeline managed by TransCanada which carries crude oil from Hardisty, Alberta, to Cushing, Oklahoma and Illinois was partly shut down on April 2 following a potential leak that was noticed in South Dakota. On Friday, the company said, it had identified the leak which was close to its Freeman pump station in South Dakota.
TransCanada said the repair work was completed. The leak resulted in 400 barrels, or 16,800 gallons oil spill. I said, "Clean up and land restoration has already started and will continue over the coming days."
Largest U.S. Banks are Expected to Report Dismal Quarterly Results for the First Three Months of the Year
Submitted by Ajay Saxena on Mon, 04/11/2016 - 07:06Just three months into 2016 and some analysts are already predicting a moldy year for the U. S. banks. According to analysts say this year had a bad start, may be the worst since 2007-2008, the financial crisis years. They also expect banks to report poor first-quarter results when they start coming out this week.
The activities in the capital markets and loan growth are suffering from concerns over China's slow economic growth, impact of energy sector from the continued lower oil prices and low interest rates.
Postage Prices will Decrease from Sunday; USPS not too Happy About It
Submitted by Kunal Garg on Sat, 04/09/2016 - 06:26The last time when price of U. S postage stamps went down, is history. But that is going to be repeated this weekend and the USPS is not happy about it.
In July 1919, prices of postage stamps were decreased by 3 cents to 2 cents. From the Civil War times, this is the third time price has been decreased on record.
Marriott and Starwood Hotels & Resorts Worldwide Inc Shareholders Approve to $14.41 Sales Deal
Submitted by Ajay Saxena on Sat, 04/09/2016 - 06:19The drama over a bidding war for Starwood Hotels & Resorts Worldwide Inc seems to be over finally.
On Friday, shareholders of both Marriott and Starwood Hotels & Resorts Worldwide Inc. agreed to the $14.41 billion sale deal. That clears Marriott International's hurdle on its journey buy Starwood, one of its biggest rivals and become the biggest hotel chain in the world.
The shareholders vote brings an end to a chaotic month where Marriott saw a last-minute competitor China's Anbang Insurance Group bid from Starwood.
Dropping Sales at Gap’s Key Brands hurt the Company’s Shares
Submitted by Anil Dayal on Fri, 04/08/2016 - 07:43San Francisco, California based Gap Inc, which operates five well known brands is struggling with declining sales. On Thursday, shares of the apparel company dropped almost nine percent during the after-hours trading.
It followed an announcement from the clothing retailer that reported its March results, revealing a slide in sales for the twelfth straight month. The retailer reported drop in comparable sales for three of its biggest brands in March. The company also warned entering April with a high levels of inventory that could affect the profit margins.
