Report: Facebook’s popularity among US teens dropped 88% in 2014

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According to a report based on a survey carried out by research firm Frank N. Magid Associates, the popularity of Facebook social network among US teenagers has again witnessed a plunge.

Going by the statistics shared in the report, there was an 88 percent fall in the use of Facebook by US teens aged between 13 and 17 years in 2014.

Rise in Russian Arms Sales In spite of a Drop Globally

Rise in Russian Arms Sales In spite of a Drop Globally

According to new data released by the Stockholm International Peace Research Institute, the sales of weapon for the Russian defence companies increased greater than twenty percent year, mainly due to the large demand from the military organizations of the country.

PetSmart Sells itself with an $8.3Billion Deal

PetSmart Sells itself with an $8.3Billion Deal

PetSmart, pet supply retailer is being acquired by a group of investors who are being led by BC Partners for $8.7 billion. It will be this year's biggest private equity deal.

On Sunday, the companies said that BC Partners, which is a London-based buyout shop, will be leading the group that will pay for acquiring the retailer dealing with pet-supplies.

Falling Oil Prices Result in a Drop in Stocks

Falling Oil Prices Result in a Drop in Stocks

On Friday, some of the major stock indexes fell with the dropping crude oil main benchmark, which dipped to lower than $60 per barrel. This is the lowest point the index has seen since the Great Recession hit the economy. The analysts are stunned by the free fall and are trying to look for a bottom.

Shares of Amaya Fall Due to Probe Conducted by Securities Regulators

Shares of Amaya Fall Due to Probe Conducted by Securities Regulators

On Friday, the shares of Amaya Inc. fell 18 per cent when the company confirmed that the securities regulator of Quebec have started an investigation into the trading activities in relation to the acquisition of PokerStars. This acquisition made Amaya the largest online poker company in the world.

Americans Consumers Display Confidence In the Market with Gain in Sales

Americans Consumers Display Confidence In the Market with Gain in Sales

Early in December, the heightened shopping spirit among the Americans started the boost the retailer confidence and profits as people shopped for holiday gifts. It sends a bright start of 2015 for the retailers and the overall economy.

It’s Time to Hurry Up to Enrol in the First Phase of Affordable Care Act Health Plans

It’s Time to Hurry Up to Enrol in the First Phase of Affordable Care Act Health

It's time to hurry for those who plan to enrol well in time during the first deadline for Affordable Care Act health plans.

Jill Hanken, who is an attorney with the Virginia Poverty Law Center said, "Open enrolment continues through Feb. 15, but to have coverage in place by January 1, the enrolment needs to be completed by Monday."

After Merger with Alliance Boots, Walgreen CEO will Retire

After Merger with Alliance Boots,	Walgreen CEO will Retire

Walgreen Co. the biggest drugstore chain in the U. S said that it's President and Chief Executive Officer, Gregory D. Wasson will retire only after the company concludes its acquisition of Alliance Boots, which is a British pharmacy chain. This decision was taken by the company after a string of events which tested investor confidence in the renowned drugstore chain.

Falling Fuel Prices Lift Airline Profits But No Respite in Fares Expected

Falling Fuel Prices Lift Airline Profits But No Respite in Fares Expected

The falling fuel prices in recent times have proved to be beneficial for the airlines as their profits have increased allowing the carriers to invest in new aircrafts or upgrade the range of high-end services.

Citigroup to Pay Likely $2.7B as Legal Charge

Citigroup to Pay Likely $2.7B as Legal Charge

On Tuesday, Citigroup presented its investors with an essence of its fourth quarter results. The report mentioned a likely legal charge of $2.7 billion related to several investigations which the bank is facing.

Latest News

Rise in Russian Arms Sales In spite of a Drop Globally
PetSmart Sells itself with an $8.3Billion Deal
Falling Oil Prices Result in a Drop in Stocks
Shares of Amaya Fall Due to Probe Conducted by Securities Regulators
Americans Consumers Display Confidence In the Market with Gain in Sales
It’s Time to Hurry Up to Enrol in the First Phase of Affordable Care Act Health
After Merger with Alliance Boots,	Walgreen CEO will Retire
Falling Fuel Prices Lift Airline Profits But No Respite in Fares Expected
Citigroup to Pay Likely $2.7B as Legal Charge
Michael Jeffries Retires as the CEO of Abercrombie & Fitch
Deutsche Bank in Trouble Again in the U.S. for Alleged Tax Scheme
Popular Demand Brings French Toast Crunch Back on the Shelves
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