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5 US airlines hike base fares

The US-based five airlines - Delta, Southwest, American, United and Virgin America have raised base fare on domestic travel. The hike is effective for corporate, leisure and discounted fares. Airlines are bullish on margins as business travel is expected to be stable even leisure travel takes a dip. The five airlines control 80 percent of the US domestic travel. Airlines are set to post surge in operational profits owing to lower fuel costs.

Jan 08, 2016 4:56 AM EST

News

Stocks tumble on China instability amid further devaluation of Yuan

The instability in Chinese economy, after the dragon country devalued Yuan for eighth time, has created tremors across the global bourses. All the sectors fell in the range of 0.4 percent to 1.8 percent on the Wall Street. Safe haven yellow metal gained four percent in 2016. Chinese CSI 300 index fell 7%.

News

Lenovo's New X1 Line Major focus is Flexibility

Lenovo introduced new products to its X1 line at the CES 2016. Some of the notable products include the X1 Yoga, the X1 Tablet, and ThinkCentre X1 Desktop.

News

The BMW i Vision Future Interaction: BMW's Vision for an Autonomous Driving Future

BMW unveiled their concept car called the BMW i Vision Future Interaction at the 2016 CES. The car's system creates an environment for the driver where he or she can interact with the car wirelessly and intuitively.

Ford upbeat on self-driving cars, to invest $4.5 billion

Ford Motor is investing about $4.5 billion in developing electric vehicles. Contrary to unconfirmed news that Ford and Google working together on developing driverless cars, Ford Motor President Mark Fields didn't mention about this association in his speech at CES-2016. Fields is very keen on exploring the $5.4 trillion transportation services segment.

Jan 07, 2016 5:03 AM EST

Watch out for gold, oil, airlines in 2016

The year 2016 is expected to be positive for gold, oil and airlines segments. The sluggish real growth will propel gold prices. After declining for 18 months, oil price technically may make a rebound. Lower fuel costs and rising passenger traffic propel airlines to make more profits this year.

Jan 07, 2016 4:58 AM EST

PMorgan replaces KCG with Virtu Fin as market maker

JPMorgan Chase & Co has replaced KCG Holdings Inc with Virtu Financial Inc as its market maker. Virtu from Wednesday onwards takes care of JPMorgan Chase's stock on New York Stock Exchange (NYSE). JPMorgan was disappointed with the role of KCG Holdings on 24 August 2015 as the stock markets witnessed mayhem pulling several stocks lower.

Jan 07, 2016 4:10 AM EST

Disney kicks off 2016 with $3-billion bond issue

Walt Disney, Ford Motor and Deere & Co are leading the corporate bond sales, which began on positive note in 2016. The US companies sold $1.621 trillion in debt in 2015 as the majority of American corporate firms preferred to take zero rate advantage before Federal Reserve announcing the rate hike. Yields on investment-grade bonds rose to four-year high of 3.71 percent in December 2015.

Jan 07, 2016 2:14 AM EST

320,000 of Time Warner Cable customers data might have been stolen

Time Warner Cable Inc. said on Wednesday up to 320,000 customers may have had their email passwords stolen. Although there is no sign of data breach at the moment, the cable company is taking a necessary measure to curb the problem.

Jan 07, 2016 2:12 AM EST

Faraday Future's FFZero1 Concept Car: Looks Futuristic, but Can't Run

At the 2016 CES, Faraday Future startup company unveiled its electric concept car, the FFZero1. The eccentric looking car has a smartphone embedded in the steering wheel and will be built on a chassis that could, hopefully, be used in other lines of Faraday cars.

Jan 07, 2016 1:37 AM EST

"More", "Less", and "Better": These 9 Apps will Help You Reach Your New Year's Goals

Here are 9 apps that can help people achieve their new years resolutions. With the help of the smartphone, people can read faster, eat better, and save more.

Jan 07, 2016 1:35 AM EST

EHang Introduced Passenger Drone at CES 2016

Another exciting product has emerged in Consumer Electronic Show 2016. EHang, the Chinese UAV manufacturer introduces drone that is able to carry human passenger.

Jan 07, 2016 1:33 AM EST

Intel Introduces Augmented Reality (AR) World Through X- Ray Visioning Daqri Smart Helmet

Intel’s 3D RealSense Camera empowers Daqri Helmet to represent an augmented reality world at the stage of Consumer Electronics Show, 2016. Through unveiling the smart helmet, Intel is believed to surpass Microsoft in the race towards augmented reality world. The X- ray visioning smart camera is scheduled to become available for purchase from the first quarter of this year.

Jan 07, 2016 12:56 AM EST