Senate Republicans Vow to Issue a Subpoena to EPA Chief in Colorado Gold Mine Hearing
Submitted by Amarinder Sekhon on Wed, 04/13/2016 - 08:26On Tuesday, the Senate Republicans vowed to issue a subpoena that will require the Environmental Protection Agency administrator, Gina McCarthy to appear at a field hearing that will take place next week in Phoenix over a toxic gold mine spill which contaminated rivers in three of the Western states and lands that belong to two Native American tribes.
John Barrasso , the Wyoming Senator said that the Senate Indian Affairs Committee was scheduled to vote on Wednesday on the plan to subpoena the EPA head.
Ford Plans to Renovate Its Corporate Headquarters
Submitted by Jitendra Tiwari on Wed, 04/13/2016 - 08:21Ford Motor is looking for being more than just a traditional car maker. In the recent years it has moved to develop its self-driving cars, set roots in Silicon Valley and has financed ride-sharing start-ups.
All these moves are seen as its effort to be a "mobility company" and not just a car manufacturer. The main aim might be to be like Google and Tesla Motors by shaping the future of how people travel from one place to other.
Massachusetts Drivers Happy with Dropping Gas Prices; Gas Tax Revenues for the State Increases
Submitted by Anil Dayal on Tue, 04/12/2016 - 08:45The low oil prices may be hurting the energy companies but drivers in Massachusetts are happy. Since mid-2012, the gas prices have dropped by almost half since when the mean retail price was close to $3.59 per gallon. The prices has started crawling up a little by March this year but continued to be lower than $1.90 per gallon. According to AAA, in February, the gas prices slipped as low as $1.78. The drop in prices has mainly benefitted the state in two different ways.
BART Officials and Unions Reach Tentative Agreement Over Four Year Extension of Contract
Submitted by Kunal Garg on Tue, 04/12/2016 - 08:39On Monday, in an official announcement, the Bay Area Rapid Transit (BART) and three major unions reached an agreement of four-year contract extension. It includes raises and clauses that will avoid strikes which had earlier seen commuters face difficulty in 2013.
The tentative contract agreement includes 10.5 percent raise per employee in four years. The measure comes as officials of BART drive for a $3.5 billion bond measure to restructure its old infrastructure which will be voted for, in November.
Networking Solution Provider Juniper Network Trims First Quarter Guidance
Submitted by Ajay Saxena on Tue, 04/12/2016 - 08:33Sunnyvale, California based Juniper Networks Inc. said its first quarter results for 2016 are going to be disappointing mainly due to weaker demand and adverse timing of customers' adopting the company's products.
Reportedly, the company that develops and markets networking products said for the quarter it expects to report adjusted profit of 35 cents to 37 cents a share on $1.09 to $1.10 billion in revenue. The company is expected to report its QI results on April 28.
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.
