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Lower Air Fares Likely Will Remain Into Next Year

Airfares are currently down and will likely remain in place for some time, said American Airlines to its investors on Friday. That is very good news for flight passengers but not such good news for the airline stocks, which were down almost across the board in the U.S. on Friday. American, the largest airline in the nation, has posted better than had been expected earnings, and made the announcement of a repurchase program for shares, which lifted shares initially on Friday. However, once airline executives started to share their fares outlook,... 
 

Uber and Lyft Hit Car Rental and Cab Businesses Hard

More business travelers have been hopping rides with Uber and Lyft the ride hailing services taking away more business from the car rental agencies and taxi industry, shows a new report. The amount of trips with the services of ride share by business travelers close to doubled during the first three months of 2016 in comparison to the same three months of 2015. The data was published by Certify, an expense management firm, which reviewed over 9 million expenses and receipts. During the same period, there were 10% less trips using car rentals than... 
 

Lip Augmentation is Popular Trend in Plastic Surgery

Americans in record numbers had lip augmentation procedures during 2015, which made it the second most popular facial procedure across the U.S., showed new data released by ASPS or American Society of Plastic Surgeons. The amount of lip enhancement procedures grew by 5% during 2015, and is up over 50% from just 2000, which ASPS members said is a profound increase. Over 27,000 lip enhancement procedures were performed in 2015, which amounted to one for every 20 minutes. One plastic surgeon said that lip implants have existed for quite some time,... 
 

Top Four Africa Economies in Trouble

Growth across Africa has been outpacing the majority of emerging markets the past few years, but that is quickly changing as a number of problems have beset its strongest economies. Political uncertainty, weak banks and cheap oil are all being blamed for the current move downward. In South Africa, which is the most advanced economy on the continent, prospects are not good. The country is expected to grow only 0.6% in 2016, according to data released by the International Monetary Fund. It has become one of the slowest growing nations in one of the... 
 

Wells Fargo See Drop in Quarterly Profit

Wells Fargo & Co posted profit for its first quarter that fell over 5.9% the third largest U.S. bank by assets is continuing to battle with a slump in the price of oil. Shares of the bank were down 1% during premarket trading, even as its revenue and earnings beat Wall Street expectations. On Wednesday, the stock was up over 2.6%. The bank, based in San Francisco, posted $5.46 billion in profit equal to 99 cents per share. That is in comparison to $5.8 billion equal to $1.04 per share during the same quarter in 2015. These latest results have... 
 

Investment by China into the U.S. Will Reach $30 Billion in 2016

The massive wave of investment by China in the U.S. continues to grow. Direct investment from China into the U.S. could hit $30 billion during 2016, according to an online research company that specializes on China and U.S. relations. That figure is double the record investment of $15 billion from last year and there are little signs that the investment will slow down anytime soon. China is working to increase exposure to countries with higher income and to counteract the country’s economic slowdown. Fears over the yuan’s stability have increased... 
 

SoulCycle Founders Resign

SoulCycle’s former founders will leave their positions at the company. Julie Rice and Elizabeth Cutler resigned as the co-chief creative officers to pursue other new projects, confirmed SoulCycle. The company statement added that the two will continue serving on the company’s board in a way to help support the vision over the long term of SoulCycle. The two founded SoulCycle one decade ago with its first studio on Manhattan’s Upper West Side. The brand offered an initial public offering this past July, but Equinox a gym brand owns a stake... 
 

FBI Director Says Agency Purchased Tool to Hack iPhone

James Comey the Director of the Federal Bureau of Investigation said on Wednesday that his agency purchased a “tool” to unlock the Apple iPhone that has been used by one of the shooters in the San Bernardino massacre. Comey said that litigation between Apple and the government over the phone ended, because the governmental agency purchases a way to hack the phone, an iPhone 5C that runs on iOS 9. Officials in law enforcement revealed late in March they finally had cracked the security of the iPhone that Syed Farook had used in the December 2015... 
 

Darden Announces Surprisingly Strong Results For 3Q (NYSE:DRI)

For the third quarter of its fiscal year, Darden Restaurants Inc. has released surprisingly strong results. Darden, based in Orlando, Florida, earned $105.9 million, or 82 cents per share, in the quarter. This figure was a 21 percent drop from a year prior, mainly due to higher costs. On an adjusted basis, the company earned $1.21 per share, a penny better than Wall Street had expected, according to a survey by Zacks Investment Research. Higher sales at the company’s Olive Garden chain were responsible for a significant portion of the improved... 
 

Disney Also Has Woes with Succession

Thomas Staggs, was the heir apparent to the top position at Walt Disney Co, but his sudden resignation shows again that even the best plans laid out for CEO succession can and will go awry. Over the last decade, such well-known high-profile companies such as Cisco Systems, Lockheed Martin and Hewlett-Packard have seen their designated heirs to the top seat depart abruptly. Botching up a succession at the No. 1 spot is costly. Disney shares were down close to 2% in trading after hours on the news of Skaggs departure. StrategyX, known formerly as... 
 

Tesla Launches Highly Anticipated Model 3 (NASDAQ:TSLA)

Today, Tesla CEO Elon Musk is due to unveil the Model 3, the company’s first mass-market car. The new model will be the automaker’s most affordable electric vehicle to date. At an expected price tag of about $35,000, it is about half the price of Tesla’s current sedan, the Model S. The Model 3 is slated to hit the assembly line in late 2017. The new model will compete directly with Acura, BMW, Mercedes-Benz and other popular luxury brands. People were lining up outside dealerships 48 hours early to put down a $1000 reservation deposit... 
 

Study: BPA Present in Over 60% of Cans Used in U.S.

Health advocacy organizations and non-profit campaigns have devoted many years to letting the public know about Bisphenol A the chemical known as BPA, which might cause the disruption in hormones making it a big concern in particular for pregnant women and young children. Now thanks to the campaigns many companies in the food industry have announced they are removing that chemical from cans they use to hold their foods. However, a just released report from another non-profit group shows that a number of cans on shelves of U.S. grocery stores still... 
 
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