Business

US Department Of Transportation To Announce Drone Registration Requirement

Two sources who were informed of the plan said the administration will announce the formation of an independent advisory committee with the goal of creating the structure of a federal drone registry by December. Citing CBS News, KNX 1070 NEWSRADIO also reports that a task force is expected to be formed to evaluate how to handle the growing technology. The story behind the story: Regulating consumer-level drones has been a topic of debate for at least a couple of years.

Business

Rightmove says stock starvation has pushed asking prices to record high

Miles Shipside, Rightmove director and housing market analyst, says this is partly down to the fact that first-time buyers and the continuing rash of buy to let purchasers are often after the same type of property. The typical asking price has risen on 0.6 per cent - the equivalent of £1,715 - which is the lowest October increase since 2010 and contrasts with an average October rise of 1.8 per cent over the previous five years.

Business

Lockheed to cut 250 jobs in missile, fire control business

More than 2,300 JASSMs and JASSM-ERs have been ordered, while over 1,700 have been delivered. Wall Street Analysts have given a mean estimate of $ 3.12 earnings per share to Lockheed Martin Corporation. The company's revenue was up 3.0% compared to the same quarter previous year. On October9, 2015, the shares registered one year high at $216.27 and the one year low was seen on October21, 2014.

Business

SABMiller formally rejects higher InBev offer

SABMiller Chairman Jan du Plessis described his company as "the crown jewel of the global brewing industry". Given the size of the financing and SABMiller's United Kingdom listing, AB InBev will need to outline details to show certainty of funds when it makes a formal offer, several bankers said.

Business

Volkswagen's USA chief admits awareness of pollution breaching; police raids VW

Auto industry insiders strongly suspect the emissions cheating scandal at Volkswagen is much wider and reaches higher up the corporate ladder than the company is letting on. Texas Congressman Joe Barton asked him: "Do you really believe, as good, as well-run as Volkswagen has always been reputed to be, that senior level corporate managers, administrators, had no knowledge for years and years?" Responsible parties will be identified and held accountable, and Volkswagen will revive its ...

Business

EPA expects preliminary VW defeat device software fix next week

Speaking to lawmakers investigating the emissions cheating, U.S. CEO Michael Horn also said fixing most of the 500,000 affected cars in the US could take one to two years, possibly more. In Germany, prosecutors searched VW headquarters and other locations Thursday for material that would help clarify who was responsible for the cheating.