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Anonymos couple from Minnesota drops a check of $500,000 Into Salvation Army Kettle

Over the weekend, an anonymous couple from Minnesota contributed $500,000 worth of donations. They dropped the check into the Salvation Army kettle, without the conscience of anyone. The generous contribution has made the Christmas campaign get closer to its goal of $11.6 million.

Dec 02, 2015 1:34 AM EST

News

Canadian startup found the new wireless technology to replace security camera

Cognitive System, a Canadian startup, has developed a new technology to visualize wireless signals. The new platform called Amera is powered by R10 chip that is able to analyze any wireless signals from electronic devices.

Google's self-driving cars aims to talk to pedestrians and motorists

The issue of the safety of pedestrians and motorists is strongly considered by Google while working on driverless cars. The company now aims to add some things such as voice alarms, lights, robotic arm and eyes etc. to enable the autonomous car to communicate with the pedestrians.

World

Spain, Italy, Germany beat expectations in November PMI

The PMI in November for the Eurozone was at 52.8 indicating encouraging growth in the industrial output. Spain, Italy and Germany beat forecasts, while France was lagging. All the European nations except Greece recorded growth on the support from new orders and surge in domestic demand.

Macau's GDP sinks 24% in Q3

Macau's GDP fell over 24 percent in the third quarter. The continuous drop in gambling revenues, which account for two-thirds of its economy, has been taking a toll on Macau for the past 17 months. Chinese government's campaign against corruption and drop in VIP visitors are major reasons from dwindling gambling volume at casinos.

Dec 02, 2015 12:46 AM EST

Chinese buyers step back from US housing market

After witnessing peak level this year, the Chinese investments in the US property markets have suddenly changed the direction. The Chinese government's restrictions on capital outflows and devaluation of Yuan have become major hurdles for the dragon country's investments in the US housing sector. The economy slowdown and sluggish financial markets were prime reasons tha propelled Chinese investors to invest heavily in overseas markets mainly the US, London and Canada.

Dec 02, 2015 12:38 AM EST

Cards Against Humanity: The team's nothing-for-something deal raised $71K this Black Friday

Cards against Humanity team promoted an exclusive deal this Black Friday. They asked for $5 with nothing in return. Surprisingly, the deal was highly met with positivity and generated 71K in one day. They also revealed the purchases, the team members made with the hard-earned money.

Dec 01, 2015 11:48 PM EST

Cyber-attack on Hong-Kong toymaker VTech affected about 5 million consumers' data

Hong Kong-based children’s electronics maker VTech was hacked compromising the data for 5 million “customer accounts and related kids profiles worldwide.”

Dec 01, 2015 10:30 PM EST

Samsung’s new patents reveal foldable smartphone and tablet designs

Samsung has patented new design innovations for smartphones involving foldable displays. The new patent shows off foldable and bendable smartphone designs as well as scrolled smartphone design.

Dec 01, 2015 10:26 PM EST

Japan's GPIF, the world's biggest pension fund, reported a $64B quarterly loss

Japan’s Government Pension Investment Fund (GPIF), the world’s largest, reported a record loss of $64.34 billion due to China’s economic slowdown.

Dec 01, 2015 10:23 PM EST

Iron ore below $40 in Singapore on surge in supply

The slowdown in China is pulling down the demand and putting more pressure on iron ore prices. The iron ore futures contracts in Singapore fell below $40 a ton for the first time. The market players are concerned over continuous supplies of iron ore. Many steel mills have decided to cut down production level from 2016 onwards.

Dec 01, 2015 10:23 PM EST

India's economic 7.4% growth surpasses China's 6.9%

India reported a 7.4 percent economic growth in the third quarter, surpassing China’s 6.9 percent for the same period due to strong domestic demand and improved industrial productions.

Dec 01, 2015 10:06 PM EST

JPMorgan leaves bonus pool unchanged since 2014

The change in regulations is keeping a pressure on investment banks. Owing to weaker revenues, several investment banks are slashing down on bonus payout. JPMorgan Chase & Co is keeping its bonus pool unchanged from 2014. However, this decision is subject to the trading performance in December.

Dec 01, 2015 9:53 PM EST

Alberta regulator extends bid time for Canadian Oil Sands

Alberta Securities regulator has given one more month for Canadian Oil Sands to accept or reject the takeover offer from Suncor Energy. The Canadian Oil Sands' board is examining alternatives to continue as an independent company or look at rival offers.

Dec 01, 2015 9:44 PM EST

Court orders Anadarko to pay $159.5M penalty for 2010 Deepwater Horizon oil spill

Petroleum company Anadarko was ordered to pay $159.5 million as part-owner of BP's Macondo Well that caused the biggest oil spill in the U.S. The oil spill caused an explosion that killed 11 people and a massive oil spill in Gulf of Mexico in 2010.

Dec 01, 2015 9:24 PM EST

Chemical firm Chemours cuts 5 percent of its global workforce

Chemours Co announces that the company will layoff some 400 of its workforce globally including 50 in its own headquarters in Wilmington. The company announces that the layoff is part of its ongoing effort to reduce its operating cost.

Dec 01, 2015 9:14 PM EST