Author: Financiarul

After two years, the dispute between the Town of Williston and a construction company they hired to build the new Williston Department of Public Works headquarters has finally reached a conclusion. According to the Burlington Free Press, the Williston Selectboard approved the payment of $10,000 to South Burlington-based Neagley and Chase Construction Co. The lawsuit was filed in April of 2015 by the building firm that claimed Williston did not have adequate insurance coverage during the construction of the Public … Continue reading “Vermont’s Williston Selectboard Approves Settlement Payout Over Roof Collapse Insurance Dispute”

It looks like our American shopping malls are on their last legs. Online shopping has become so popular with consumers that brick-and-mortar stores face a questionable future. A report released by the federal government last week showed that Americans are slowly but surely spending more money per month. They are eating out more often and buying more expensive products, for a total of 1.3% growth. Yet beyond eating at local restaurants, the report indicates that more consumers are opening their … Continue reading “Shopping Malls Are Failing As Online Retailers Rise to the Occasion, Government Reports”

Wentworth Maynard, a Georgia man, is suing a teenager who hit him in a head-on collisions, along with the mobile app that might have caused it. The lawsuit claims that Christal McGee, 18, was using Snapchat’s speed filter — which adds a user’s speed to a photo and Snapchat awards them with a “trophy” for posting their speed — at the time of the accident. We’ve come a long way since 1976 when Kodak owned 90% of all market shares … Continue reading “Teen and Snapchat Facing Lawsuit After Head-On Collision”

Virtually 95% of all Internet experiences begin with a search engine, whether it be search engine giant Google, or others like Bing and Yahoo. But, in China there is only one. Baidu shares 70% of the Chinese Internet market and abides by strict Chinese laws to filter out political information deemed by the government as illegal or harmful. Since Google is blocked in China, its people are forced to use Baidu to get all of their information. And now the … Continue reading “Chinese Search Engine Baidu Under Governmental Investigation After Death of User”

GM’s first-quarter profit broke record earnings in North America, added strong profits in China, and broke even in Europe. Americans paid record prices for new GM vehicles in 2016 for the first-quarter. Shattering Wall Street expectations, GM earned a first-quarter profit of $1.85 billion, surpassing last year’s profit of $953 million. USA Today reports that GM made $1.26 for earnings-per-share, which is well above the $1 consensus. GM shares rose to $33.38, a 3.7% increase and overall revenue increased 4.5% … Continue reading “GM’s Strong First-Quarter Reaches Profit of $1.85 Billion”