Pittsburgh Glass Works LLC, a leading distributor of automotive glass and service business, is to be sold to LKQ Corp by PPC Industries Inc and Kohlberg and Company LLC, in a deal for $635 million. PPG had already divested PGW and sold a majority stake in the Pittsburgh Glass Works stocks to Kohlberg in 2008. The transaction is expected to be completed in the second quarter of 2016. Michael McGarry, PPG President and Chief Executive Officer, stated that “PGQ’s sale … Continue reading “Pittsburgh Glass Works To Be Sold to Chicago-Based Company”
Google Owes $1.8 Billion to France In Back Taxes
Posted on Categories Featured NewsParis, and the rest of France, attracts hundreds of thousands of American and European tourists all year long, and remains a highly coveted destination. The Lourve continues to be the most visited museum in the world, and on average, a tourist in France spends 62 euros a day. However, all that tourism money doesn’t make up for the $1.8 billion (1.6 billion euros) that Google owes the country in unpaid taxes. Google CEO Sundar Pichai met with France’s economy minister … Continue reading “Google Owes $1.8 Billion to France In Back Taxes”
Deutsche Bank Plans To Buy Back $5.4 Billion In It’s Own Debt
Posted on Categories FeaturedThe average U.S. household may owe $15,355 in credit card debt, but Deutsche Bank, a huge German lender, owes more than a couple billion dollars overall, after suffering a loss of $7.4 billion in 2015. In a move intended to increase investor confidence in the German lender and the value of its securities, Deutsche Bank AG intends to buy back $5.4 billion of its senior unsecured debt, Fox Business reported. The buyback is targeting $3.4 billion in euro-denominated securities and $2 billion … Continue reading “Deutsche Bank Plans To Buy Back $5.4 Billion In It’s Own Debt”
IRS Mobile Apps Experience ‘Hardware Failure’ in the Midst of Tax Season
Posted on Categories Featured NewsMillions of Americans are now beginning to file their taxes, and some are doing it right from their mobile phone. However, a recent malfunction in IRS government-funded apps prevented many people from accessing the network. According to the Federal Times, two different IRS mobile apps experienced a “hardware failure” last week, which disrupted access to several key agency services hosted on IRS.gov. The two IRS programs that were most affected by the hardware malfunction were the e-file system app and the … Continue reading “IRS Mobile Apps Experience ‘Hardware Failure’ in the Midst of Tax Season”
Obama Requests $1.8 Billion to Fight Zika Virus
Posted on Categories FeaturedAccording to The New York Times, Congress faced a request on Monday for $1.8 billion from President Obama to fight the Zika virus, which has spread throughout South and Central America. The Zika virus, transmitted by mosquitoes, poses a threat specifically to pregnant women. Brazil, a country that has been hit particularly hard by the virus, has a reported a significant increase in the amount of babies with a condition called microcephaly, in which infants are born with abnormally small … Continue reading “Obama Requests $1.8 Billion to Fight Zika Virus”
Uber Changes its Logo as it Looks to Diversify its Branding
Posted on Categories Featured NewsUber recently underwent major branding changes that reflects their new approach to moving toward a more connected world. Many know Uber through the app’s infamous icon — a stark U. But now, Uber has ditched their once-simplistic lettering for an entirely different symbol, instead using an atom in its place. According to a representative at Uber, the new icon more aptly speaks to the company’s goals of transcending the capabilities of a mere app: “[The atom] belied what Uber actually … Continue reading “Uber Changes its Logo as it Looks to Diversify its Branding”
‘Distracted Walking’ Could be Biggest Hazard Cell Phones Carry
Posted on Categories Featured NewsThe debate over whether or not the radiation emitted from cellphones is harmful to the human body continues to rage, but one risk factor that can’t be disputed any longer is that of distracted walking. A recent piece from TheStreet.com explores some of the statistics and real-life examples of this seemingly benign phenomenon. The first example provided is the tragic case of 33-year-old Joshua Burwell. This past Christmas Day, Burwell decided to enjoy the scenery of a cliff-side overlook in … Continue reading “‘Distracted Walking’ Could be Biggest Hazard Cell Phones Carry”