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Carl Icahn picks 7.13% in Xerox, says it's undervalued

Billionaire investor Carl Icahn picked 7.13 percent stake in Xerox Corp paving his way to the company's board. Icahn gave a statement that Xerox shares are undervalued as the stock fell over 20 percent this year so far.

Nov 25, 2015 3:50 AM EST


Despite easing foreign trade, Russian markets turn attractive

Ever since the imposition of economic sanctions, the Russian economy is suffering from weakening foreign trade. Exports and imports, move steeply, only to drop during January-September period. Despite the rise in oil and natural gas exports, the oil price drop in dollar value is eroding the gains.

Nov 25, 2015 3:47 AM EST


U.S. Finds Evidence of Bribery in Wal-Mart Operation in Brazil

U.S. authority investigates potential foreign bribery by Wal-Mart Stores Inc in its Brazil operations. The investigation unearthed some evidences.

Nov 25, 2015 3:17 AM EST


SoundClound Commercialization Disappoint Its Loyal Users

Commercialization has created trouble for SoundCloud's loyal users. Its confusing copyright policy made users lost their tracks stored in SoundCloud.

Nov 25, 2015 3:10 AM EST


Oil Price Crash Sparks OPEC's Revolt Against Saudi

Saudi Arabia keeps increasing its oil production resulting crash of crude oil price. This sparks revolt of OPEC members against the leading oil producer.

Nov 25, 2015 2:53 AM EST


Britain Expand Its Military Spending In Defense Against Islamic State

George Osborne, Britain's finance minister announced on Sunday that UK will increase military budget. Britain intend to purchase several defense equipment including maritime patrol aircraft from Boeing and Lockheed Martin's F-35 fighter jet.

Nov 25, 2015 2:52 AM EST


Social Media Drives Significant Web Traffic to Trending Stories According to Analysis

Social media become more important to drive web traffic to news story. A publishing analytics company reported both social media and search engine is equally important.

Nov 25, 2015 2:51 AM EST


Scientists genetically modified mosquitoes to be malaria-resistant

Scientists at the University of California created mutant mosquitoes that are resistant to malaria, impairing their ability to transmit the disease to humans. The breakthrough, using gene-editing technology, may help eliminate the disease.

Nov 25, 2015 2:46 AM EST


IKEA Reaches Out to Refugees By Providing Them with Shelter: Company cuts down profits

IKEA, the Swedish furniture making company announced to cut of its profit to help the refugees. It said that it will donate 1 euro ($1.06) to the UNHCR, the UN Refugee Agency, for every LED product sold. Earlier this year, it donated over thousands of specially designed shelter tents for the refugees.

Nov 25, 2015 2:42 AM EST


Alibaba's Jack Ma eyes South China Morning Post

Alibaba Group's founder Jack Ma is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post. The move is similar to Amazon's Jeff Bezos who tries to revive the traditional newspaper in current digital age.

Nov 25, 2015 2:36 AM EST


Apple officialy confirms the acquisition of motion-capture firm Faceshift

Previously, it came into hearing that Apple has decided to acquire Facelift. But now, it officially confirmed in its statement. The Faceshift company is behind the motion capture technology used in Star Wars. The technology captures the real-time gestures of actors onto the animated characters used in film or game.

Nov 25, 2015 2:27 AM EST


Oil supply glut creating traffic jams at sea

The rising levels of oil inventories are resulting in more supplies and this is creating traffic jams of tankers on the seas shores and along the US Gulf Coast. The floating storage of crude oil rose three times. A number of oil tankers are queuing up waiting for offloading.

Nov 25, 2015 2:20 AM EST


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