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Credit Suisse gets nod for Irish branch

As part of its restructuring plan, Swiss banking major Credit Suisse is setting up its branch in Ireland. It has received regulatory approval for opening its branch. The bank will move its 100 employees to Dublin from London office. It'll also slash 2,000 jobs.

Dec 21, 2015 8:00 AM EST


Oil slips below $35 on worsening supply glut

Oil price fell further and was trading below $35 a barrel on worsening the oversupply. The latest decision by US Federal Reserve to hike interest rate is also making oil expensive for weaker economies. The surging US dollar is further putting pressure on oil price.

Dec 21, 2015 7:48 AM EST


The New Apple TV with Microphone on Remote, Introduced by Siri Saves You $10

Apple has launched its new version of Apple TV with Microphone on Remote, introduces Siri. Apple has unveiled its new version of Apple TV with Microphone on Remote feature, introduces Siri.

Dec 21, 2015 7:43 AM EST


LifeLock Is To Pay $100 Million Settlement For Deceptive Advertising

LifeLock, the identity theft protection company has to pay $100 million settlement over its false advertising and violation of previous settlement..

Dec 21, 2015 7:27 AM EST


Researchers are developing robotic hand-worn to help the blind to “see”

Researchers at the University of Nevada and the University of Arkansas team up to develop a robotic glove-like device that can help the blind to recognize the objects around them. The researchers team received $820,000 of NRI grant to develop this technology.

Dec 21, 2015 6:00 AM EST


The UCCS professor invented sleep hat to fight insomnia

A professor at the University of Colorado invented a hat that can fight insomnia. The hat, called Sleep Shepherd, works by slowing brain activity naturally with a pulsating tone that can induce sleep.

Dec 21, 2015 5:57 AM EST


Ebola survivors may suffer various illnesses after they recovered from the virus

The recent study performed by the CDC researchers found that people who survived from Ebola virus have experienced various illnesses after they have recovered, including hair loss, joint pain, and eye problems.

Dec 21, 2015 5:56 AM EST


Tesla CEO Musk suggests California to push Volkswagen to electric cars

The automobile industry leaders and experts have written a letter to California regulator asking it to confine Volkswagen to making of electric vehicles only as a punishment for cheating the customers and violating the US emissions laws. Tesla CEO Elon Musk and others signed the letter. They opine that fixing the software involves lots of money and could also lead to technical problems further.

Dec 21, 2015 5:49 AM EST


Aussie billionaire James Packer quits board amid drop in gambling revenues in Macau

James Packer, an Australian billionaire, has left the board of Crown Resorts Ltd as Chairman. Crown Resorts is suffering from a drop in gambling revenues in Macau. Packer will continue as co-Chairman of Crown Resorts. Packer has decided to focus on development projects in the US and Australia.

Dec 21, 2015 3:51 AM EST


US gasoline slips below $2; at 6-year low

The US gasoline average retail price slips below $2 per gallon as oversupply position in the global energy sector continued. The gasoline price at $1.999 per gallon is indicating its lowest in over six years. The US economy is witnessing a rare combination of falling price and rising demand. The recent decision by Opec not to reduce production level is keeping more pressure on global oil price.

Dec 21, 2015 3:47 AM EST


Mars Recalled Dove Chocolate Over Allergy Concern

Mars issued allergy alert for its Dove Chocolate Assortment Snowflake on December 18, due to undeclared peanuts, wheat and egg ingredient.

Dec 21, 2015 2:46 AM EST


Packer is in discussion to take Crown's assets private

James Packer’s Consolidated Press Holdings is in speculation that it was going to team up with private equity and take parts of Crown Resorts private. The circulated news cause its share price to soar higher and was query by the Australian Stock Exchange.

Dec 21, 2015 1:25 AM EST


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