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Volkswagen might get fined $18 billion for 'defeat device' installation

Volkswagen might get penalized amounting to $18 billion for not complying with the Clean Air rules of EPA. The German trademark cars can be recalled by EPA since they have the authority to do so.

Sep 21, 2015 11:08 PM EDT

Apple wins patent infringement case but Samsung is likely affected

Apple Inc. won over Samsung in its patent infringement case. The court has ordered Samsung to halt its older products that include patent injunctions. But Samsung is less likely affected as it doesn't use such features anymore.

World

Brexit is the highlight for EU-UK talks

David Cameron and few officials have been actively meeting with European Council to seek out options best for Britain. The result whether Britain will still become an EU members or not could be known as early as next year.

News

Snapchat new update can be good for business

Snapchat releases two new update for their apps today creating a frenzy among social media users. The new updates enables users to use animation in their snap and also allowing for more replays than previously once per day.

Canadian bank sectors expected to boost payouts in 2016

Banking related stocks are expected to pay more dividend to investors by next year amidst the global economic uncertainty. However, three stocks to watch all are listed on Toronto Stock Exchange as Canada have been slowly growing even during this uncertainty period.

Sep 21, 2015 10:59 PM EDT

Alibaba and Suning Partnership Could Change China's E-commerce Domination

China e-commerce sompetition is getting fierce as AliBaba and Suning had agreed to a partnership. The partnership could see both companies grow their customers with the latest O2O strategy to outrun current market leader JD.com.

Sep 21, 2015 10:08 PM EDT

Sharp Corp explores ways on LCD biz revival, Taiwanese firm offers bid for it

Japanese electronics major Sharp Corp is in the process of reviving its LCD business unit. It's trying to access funding support from Apple Inc, for which it supplies LCD screens. Sharp is also approaching banks on revival package. On the other hand, Taiwanese firm Hon Hai has made a bidding for acquiring the LCD business of Sharp. However, both the companies didn't confirm it.

Sep 21, 2015 9:54 PM EDT

US export companies look to other shores as EXIM shuts down

The US companies engaged in foreign trade and aviation firms find it difficult to run the show following the closure of the US Export-Import Bank (EXIM). This causes non-availability of export financing and loan guarantee for the US companies. As a result, many comapnies are planning to shift out of the US to establish units overseas. Aerospace Industries Association is lobbying with Congress members for revival of EXIM.

Sep 21, 2015 9:50 PM EDT

August crash impacts JPMorgan's trading revenues

JPMorgan Chase & Co has indicated the possible drop in trading revenues for the third quarter following the market crash in August. The bank has alo cautioned that if interest rate is inncreased then it'll cause high volatility in treasuries market. JPMorgan is expanding its retail operations network by setting up 100 new branches over next two years.

Sep 21, 2015 2:10 AM EDT

Mitsubishi Motors in US calls it a day

Mitsubishi Motors is closing down its US operations following high production costs and low volumes. The Japanese automobile major was hit by strong US dollar that makes imports attractive.

Sep 21, 2015 2:02 AM EDT

Can Amazon's new 4K-ready Fire TV wipe the new Apple TV off the map?

Amazon announces new Fire TV, along with various upgrades and amazing products that can easily compete with Apple's new Apple TV.

Sep 21, 2015 1:59 AM EDT

Even Google is confused on how much value it adds to the UK economy

US tech giant Google recently reported how much value it adds to the UK economy, which the search engine does to most nations where it operates in. It reports that it helped created 210,000 jobs, and an additional £11 billion to £28 billion revenue for business in the UK.

Sep 21, 2015 1:56 AM EDT