Business


Crude Oil Prices Seen Picking Up Heading Into 2017

Standard Chartered bank said there was "no fundamental justification for recent oil price falls" and that "the global oil market has rebalanced, and USA crude supply and inventories are expected to fall". Gasoline inventories however were down 1.4 percent at 238.2 million barrels, but were still up 9.9 percent year-on-year. International Brent crude futures were trading at $43.39 per barrel, up 29 cents, or 0.7 percent, from their last close.


Facebook Faces Potential $3 Billion to $5 Billion IRS Bill (FB)

Facebook Faces Potential $3 Billion to $5 Billion IRS Bill (FB)

The IRS issued a "statutory notice of deficiency" to the company on Wednesday in reference to assets transferred to Facebook's Ireland subsidiary in 2010. We do not agree with the position of the IRS and will file a petition in the United States Tax Court challenging the Notice. The court filings show that Facebook rejected a preliminary presentation given by tax official in April 2015, the publication reported.



Google Advertising Boosts Company Profits

He added, "They're doing an excellent job of pulling the mobile landscape through to being more efficient". Google's revenue grew from $17,653 million (nearly Rs 1.17 lakh crore) in the June-end quarter a year ago, to $21,315 million (nearly Rs 1.42 lakh crore) the April-June quarter, the company said.


Futures rise on strong Apple results; Fed awaited

Futures rise on strong Apple results; Fed awaited

Investors are looking ahead to a decision on interest rates from the Federal Reserve, which wraps up a two-day policy meeting later in the day. A report by the U.S. Also moving on corporate earnings , Garmin climbed 11.6 per cent, closing near its highest price in over a year. While the company reported lower revenue and iPhone sales, it still earned $10.5 billion last quarter, well above analysts' estimates.



Kevin Durant, Draymond Green booed by crowd at US-China game

Golden State general manager Bob Myers was in attendance to see his newest signings performance alongside Green and Klay Thompson , who scored 17 points in another impressive exhibition victory for the gold medal favorites. The game tips off at 5 p.m. PDT and will be televised on NBA TV. The US will start off the Olympic competition against non-other China, followed by games against Venezuela, Australia, Serbia, and France respectively.


Pokemon Baby Names Are Becoming A Thing, & Here Are The Most Popular

Pokemon Baby Names Are Becoming A Thing, & Here Are The Most Popular

According to Gizmodo, pregnancy and parenting website BabyCenter revealed in a news release that more parents and parents-to-be registering on their website have chosen to give their children names found in the crazy-popular game. There doesn't seem to have been a spike in babies being called Charmander (Charm for short?) or Mankey. Linda Murray , editor in chief of Babycenter , was not among those surprised by the data - seeing as that pop culture is frequently a top inspiration for baby ...