China’s HNA Tourism Group Co Ltd Buying Carlson Hotels
Submitted by Anil Dayal on Thu, 04/28/2016 - 08:50
On Wednesday, HNA Tourism Group Co Ltd, a Chinese company which is a unit of HNA Group Co Ltd, the aviation and shipping conglomerate, said it has agreed to buy Carlson Hotels.
Sports Authority Gives Up Reorganization Plan; Will Hold Auction for the Company
Submitted by Kunal Garg on Thu, 04/28/2016 - 08:39
Financial troubles pushed Sport Chalet, the fifty seven year old, La Cañada Flintridge based chain to shutter forty seven of its of stores Southern & Northern California, Arizona, Nevada, and Utah, the company announced this month.
Federal Reserve Gives No Hint of Rate Hike; Will Closely Monitor Inflation Indicators and Global Economy
Submitted by Ajay Saxena on Thu, 04/28/2016 - 08:35
There were changes in the interest rates this time but the Federal Reserve left doors open for a hike in June when the Federal Open Market Committee meets next on June 14 and15.
The recent from FOMC remained more or less the same as the earlier one and gave no strong indications regarding the decision that will be taken during the meeting in June. The intention of the Federal Reserve will surface in three weeks as the minutes for this meeting are released.
KiwiRail would continue to need government assistance, Key
Submitted by Apoorva Prasad on Wed, 04/27/2016 - 13:37
John Key, the Prime Minister of New Zealand, has said that KiwiRail might continue to rely on government subsidies as it is not likely to make a profit on its own.
Ruataniwha water storage scheme gets backing of farmers
Submitted by Jitendra Tiwari on Wed, 04/27/2016 - 13:35
The company promoting the Ruataniwha water storage scheme has indicated that the scheme has received the backing of local farmers that will allow the successful implementation of the project proposed for Central Hawke's Bay.
Amazon will Expands its Same-day Delivery to All Boston Areas
Submitted by Amarinder Sekhon on Wed, 04/27/2016 - 08:16
Amazon said it will extend its same-day delivery service to all Boston areas. Although the company did not say what made it change the policy but most probably the move came after last week's reports by Bloomberg that revealed, the company excluded a primarily black neighborhood in spite of being in the heart of the city, from its service area.
