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US Business

U.S. to Slap Canada's Lumber Producers With a 20% Import Tariff

Tuesday April 25th, 2017 03:24:20 AM
The Trump administration is taking retaliatory action against Canada over a trade dispute, moving to impose a 20% tariff on softwood lumber that is typically used to build single-family homes.

For Aramco Insiders, Prince's $2 Trillion IPO Valuation Doesn't Add Up

Tuesday April 25th, 2017 07:09:07 AM
Officials working on taking the state-owned oil company public have struggled to come up with a scenario under which Saudi Aramco is worth more than $1.5 trillion, according to people familiar with the matter.

Apple Hires Rocket Scientists as It Tries to Catch Up in Driverless Cars

Tuesday April 25th, 2017 03:52:58 AM
Apple’s plan for testing autonomous vehicles calls for putting senior engineers—some with NASA experience—in its cars, a move that suggests the company’s technology is still in early phases.

International Business Times

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Coca-Cola Funded Anti-Obesity Nonprofit GEBN Shuts Down After Allegations Of Coke's Involvement

Tuesday December 1st, 2015 09:10:04 AM
The Global Energy Balance Network (GEBN), a nonprofit organization funded by the Coca-Cola Co., said on its website late Monday that it will discontinue its operations. The announcement comes four months after it was revealed that the Atlanta, Georgia-based beverage maker was involved in the activities of the group.

Cyber Monday Is Still The Busiest Online Shopping Day Of The Year, Even As Year-Round Web Commerce Booms

Monday November 30th, 2015 09:11:34 PM
Eager to capture the frenzied crowds that flock to brick-and-mortar stores on Black Friday, online retailers banded together 10 years ago and birthed a shopping holiday of their own. Since then, so-called Cyber Monday has turned out to be an enormous success, becoming the busiest online shopping day of the year.

Small Shops See Uptick In Customers Despite Lack Of Small Business Saturday American Express Incentives

Saturday November 28th, 2015 10:57:07 PM
In the wake of Black Friday, small shops and retailers were getting the attention on Saturday as United States consumers came out for Small Business Saturday -- a shopping holiday conceived by American Express in 2010. The day has become a way for small retailers, restaurants and shops to promote their establishments within their local communities.

International Business Times

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‘Pokémon GO’ Players Using Chinese Phones Get Screen Block Message

Monday April 24th, 2017 12:29:33 PM
Many “Pokémon GO” players are voicing their concern online about getting random screen block messages while playing the mobile game. It appears that the problem persists mainly in smartphones made by Chinese manufacturers. This Monday, several Pokémon Trainers complained  via Reddit that they are getting a strange screen block message that says, “This device, OS, or software is not compatible with ‘Pokémon GO.’” It wasn’t clear what’s causing this notification to appear, but users are saying that the message just pops up at random.

Brash Games Shuts Down After Shady Business Gets Exposed; Domain Now For Sale

Monday April 24th, 2017 07:42:27 AM
Brash Games is no more. The video game news site that claimed to be a source for unbiased game reviews has folded its website and its domain is now for sale.

Kate Middleton Admits Feeling Lonely, Isolated Like Other Mothers

Friday April 21st, 2017 10:53:32 AM
Kate Middleton, Prince William and Prince Harry continue their mental health campaign by sharing their personal struggles. In her recent speech, the Duchess of Cambridge shared her emotional battle as a mom. On Thursday, Middleton spoke during a meeting at the Global Academy. William’s wife admitted that the feeling of isolation that most mothers feel is not foreign to her.

International Business Times

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Iran's New Oil And Gas Contract Terms Flexible On Crude Price, Risk: Official

Saturday November 21st, 2015 01:48:00 PM
TEHRAN, Iran (Reuters) -- Iran's new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks, a senior Iranian official told Reuters Saturday. Iran is trying to lure back international oil companies to develop its vast oil and gas reserves once sanctions are lifted under a deal with world powers. Iran will announce a new development contract model at conferences in Tehran Nov. 28-29 ‎and in London in February.

With Crude Prices At Historic Lows, Saudi Arabia Pledges To Keep Oil Coming

Sunday November 8th, 2015 10:32:47 PM
A year after the price of crude went into free fall, the Kingdom of Saudi Arabia has said that it has no plans to reduce oil drilling. In comments to the Financial Times, Saudi officials said they see no reason to slow the supply of oil in advance of an international producers' meeting in December. 

How Will Federal Budget Deal Affect US Oil Security?

Wednesday October 28th, 2015 07:27:23 PM
As Middle East and Latin American countries grapple with sinking oil prices, the United States is considering a budget deal that would require the sale of 58 million barrels of oil from the emergency reserve created decades ago to shield the nation from market disruptions. While this release of crude is unlikely to directly affect oil prices, some experts say depleting the Strategic Petroleum Reserve could leave the U.S. vulnerable to unforeseen events that disrupt global oil markets.

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