Memorial Day Weekend, Travellers Hit the Road with Rising Gas Prices

TravellersIt’s time for the Memorial Day weekend and people are packing their bags to hit the road. The fun summer time travel gets some dampening effect from a hike in fuel prices almost every year.

Renewable energy Tops the Agenda List for the Indian Government

IndiaRenewable Energy tops the list of the agenda for the NDA government. Earlier the MNRE or the Ministry of New and Renewable Energy in New Delhi which was considered as a step-down posting by the bureaucrats no more is considered as a less visible ministry.

The government has made it a primary focus in an effort to make India less dependent on power fuelled by coal.

GM May Have to Pay Record High Penalty for Ignition Switches

General MotorsThe U.S. government is deciding whether General Motors or some of the company's employees will be facing criminal charges for faulty ignition switches in some of the models delivered by the car maker said a source that is familiar with the investigation.

West Coast Port Troubles End with New Agreement

West Coast Port Troubles End with New Agreement

On Friday, the eleven months old disagreement which had slowed down activities on the ports along the West Coast, ended with the endorsement of a new accord with the Longshoremen.

A labor contract that was being worked upon for the last four months was finally signed officially by the International Longshore and Warehouse Union marking and to the slowdown that created a hold up and delay for goods and traffic coming in and being dispatched all over the world.

Microsoft’s Negotiations for Salesforce has Ended

Microsoft’s Negotiations for Salesforce has Ended

Microsoft seems to have dropped its bid for acquiring Salesforce, which is a global cloud computing company.

Reportedly, Microsoft had offered about $55 billion to Salesforce, which was rejected by its Chief Executive Officer Marc Benioff as he was looking for a price tag in the range of $70 billion. Salesforce, the company based in San Francisco is still under negotiation talks for a future takeover.

Lenovo Reports Growth in Revenues by One Fifth

Lenovo Reports Growth in Revenues by One FifthOn Thursday, Lenovo reported a growth in revenue by one fifth for the fiscal year, in spite of the emerging competition in the smartphones and PC markets.

Etsy Inc. the Online Handicraft Bazaar Reports Greater than Expected Loss Owing to Higher Expenses

Etsy Inc. the Online Handicraft Bazaar Reports Greater than Expected Loss Owing to Higher ExpensesEtsy Inc., the online crafts store, reported a greater than expected loss in its first earnings report as a public company. The main reason behind the weak profits is attributed to the expenses that are associated with a restructuring which the company said would help it lower the tax bills in future. The expenses incurred ran into millions of dollars.

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