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Lower oil price forces Shell to abort Arctic oil project

Anglo-Dutch oil major Shell has finally abandoned its drilling operations in Alaska Arctic region citing reason of oil price drop. Shell has been facing several regulatory and climatic challenges in addition to protests from environmentalists. The oil price has been hovering at $40 a barrel throughout 2015.

Dec 23, 2015 9:29 AM EST


Spotify Wins Over Apple in Music Streaming Market

Spotify has solidified its spot as the winner of digital music battle over Apple music. The Swedish company is now leading the digital music streaming over Apple Music and other players like Rdio or Rhapsody.

Dec 22, 2015 11:25 PM EST


Google's new feature allows users to login without password

Google is testing a new feature that will allow the users to sign into their Google accounts without having to type password. The users will only have to authenticate the login with their smartphones.

Dec 22, 2015 10:35 PM EST


Twitter files patent for drones controllled by tweets

Twitter was granted a patent for a tweet-controlled drone officially marking its participation in the drone race. According to the patented description, the drone can be used to take photos and videos that can be shared on user accounts.

Dec 22, 2015 10:06 PM EST


Kazakhstan ups gold buying spree with Russia

Kazakhstan, Russia and Turkey have been expanding their gold reserves. Kazakhstan continued to buy gold for 38 months in a row. Bullion analysts said that as part of their long-term strategic need, emerging economies are buying gold.

Dec 22, 2015 9:49 PM EST


Kinder Morgan, Andersons set sights on ethanol projects

Anderson Inc and Kinder Morgan Inc have drawn up separate plans for ethanol projects. The demand for ethanol is rising as gasoline consumption is increasing on cheaper prices. It's expected that ethanol blend may surpass the 10 percent blend wall limit in 2016.

Dec 22, 2015 9:43 PM EST


Top iron ore shipper forecasts 19% drop in 2016

Australia's Department of Industry & Science has lowered price forecast on iron ore for 2016 to $41.30 a metric ton from $51.20. Iron ore is the largest export earner for Australia, The export revenues fell 43 percent in 2015. The oversupply and slump in Chinese commodities market are keeping more pressure on iron ore prices.

Dec 22, 2015 9:37 PM EST


Cyberbullying Insurance is now available - to those who can afford it

Global insurance giant Chubb (CB) launched a new cyberbullying insurance that will cover as much as $74,600 for wealthy clients across the U.K. and the Republic of Ireland.

Dec 22, 2015 9:34 PM EST


Ericsson gets patent income from Apple’s iPhone sales profit

Ericsson has signed patent agreement with Apple over the wireless technology used in iPhones and iPads. The deal meant Apple would make one time payment and ongoing patent royalties payment to Ericsson.

Dec 22, 2015 9:28 PM EST


Turing CEO Martin Shkreli Arrested for Securities Fraud

Martin Shkreli, now a former CEO of Turing Pharmaceuticals was arrested last week for security fraud. Shkreli was known for his notorious hedge fund activities in phamaceutical industry.

Dec 22, 2015 9:16 PM EST


Alibaba Hired Top Counterfeit Investigator

Alibaba Holding hired Matthew Bassiur to remove counterfeit product off its site and maintain Alibaba reputation as a global marketplace.

Dec 22, 2015 9:13 PM EST


Qihoo Joins Other Chinese Company To Go Private

Qihoo 360 will delist from New York Stock Exchange after a consortium of buyers agreed to pay its American depository share.

Dec 22, 2015 9:09 PM EST


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