Disney animator draws characters in virtual reality through HTC Vive
Legendary Disney animator, Glen Keane, shows in a demo video how he creates characters using HTC Vive virtual reality headset. Keane is known for his works with Disney movies, including Beauty and the Beast, The Little Mermaid and Aladdin.
Sep 18, 2015 12:39 AM EDT
Chrysler-UAW labor pact solves all the big problems except one
Fiat Chrysler Automobiles and United Auto Workers union agreed to three main points during their latest meeting as the previous contract expired on Monday. Among the agreed terms is to introduce a better salary system for all of its workers.
Altice to buy Cablevision for $17.7bn including debt
Global cable group Altice is acquiring New York-based Cablevision for $17.7bn including debt. This makes Altice as the fourth largest cable provider in the US. Cablevision's CEO James Dolan will hand over the control to a group of Europeans after the Altice deal. Altice will pay $34.90 a share in cash taking the valuation of Cablevision equity to $9.6bn.
American universities are the most innovative, but Asians are strong contenders
The recent survey from Reuters shows that U.S. universities are the home of the most innovative projects. Though Asian universities have been fairly competent with universities from Korea, Japan, Singapore, and China.
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Oracle's turn to cloud; Can it strike the balance cord?
American technology giant in global database industry Oracle Corporation is shifting its focus on cloud offerings. Of late the database major has been facing stiff competition from new technology companies which offer cost-effective solutions via the internet. The shift to cloud could affect Oracle's revenues coming from business fee from existing customers running Oracle software at their data centers, analyses technology experts.
Sep 17, 2015 11:49 PM EDT
Updating estate plans need of the hour for family business owners
Family business contribute over 70 percent of global productions, but owners of them don't update their estate planning. It's estimated that over 50 percent of family business owners didn't update estate planning for more than five years. Perfect and updated family planning ensures the smooth transition of a property from one generation to other while exploiting many tax benefits as well, advise experts.
Sep 17, 2015 11:29 PM EDT
US consumer prices drop, complicating Fed rate hike decision
A tame inflation complicates the Federal Reserve's decision whether to raise interest rates this week. Data show that despite many signs of economic improvement, the pace of growth of US consumer prices last month was well below the central bank's target.
Sep 17, 2015 11:09 PM EDT
For Avon, it's better late than never
Avon stock price has declined because it refused to go with the flow of the modern day industry where a lot of businesses make use of social media and other means to promote their products to drawing customers and generate larger revenue.
Sep 17, 2015 11:05 PM EDT
Oils Prices Rallied, But Recovery Still To Take Longer
Oil Prices increased Wednesday, but Shell is not expecting recovery any time soon. Lower inventories and oil production in US petroleum supply caused a spike on oil prices Wednesday, but giant oil company Shell admitted it will still take longer before any recovery.
Sep 17, 2015 9:18 AM EDT
Jaguar Land Rover: Bond cars for 'Spectre 007'
On October, Bond fans will soon see their hero in cinemas again chasing villians in a hybrid supercar. Jaguar Land Rover provided the cars for the new Bond film 'Spectre' that will surely amaze the one driving it and the audiences as well.
Sep 17, 2015 9:08 AM EDT
Alibaba investors losing confidence as company's shares go below debut price
Alibaba is in big trouble as Investors lose confidence over the continuing decline of shares cased by the slow consumer spending brought by the Chinese economic meltdown.
Sep 17, 2015 8:38 AM EDT
Sprint's bonds tumble as Moody's downgrades US wireless major
The US wireless major Sprint backed bonds tumbled in the market following the downgrade by Moody's, which sees increasing burdeng of debt maturities, brutal competitions and lack of operational stability for the third largest US wireless company.
Sep 17, 2015 8:29 AM EDT
Sony's Project Morpheus is now officially PlayStation VR
Sony announced the change of name their game device from Project Morpheus to PlayStation VR as it enables players to feel like they are physically inside the game's virtual world.
Sep 17, 2015 8:23 AM EDT
Sprint's iPhone plan, better than other US carriers
In a wireless world full of competition it leaves Sprint with no choice but to think of a smart strategy to outwit others. So far, Sprint has the best deal compared with other carriers, but who knows what will happen next with the price war still looming around.
Sep 17, 2015 8:14 AM EDT
Puerto Rico's rescue plan draws flak
The five-year restructuring plan proposed for ailing Caribbean islan Puerto Rico has become a center of criticism from economists, who question that who shall benefit from this debt deal. Economists argue that the debt plan overstated the financial requirements of the island.
Sep 17, 2015 8:04 AM EDT
Brazilian PE firm 3G Capital eyes SAB Miller
Brazilian private equity (PE) major 3G Capital is mulling over a possible buyout of SAB Miller, maker of Miller. Paving way for a major consolidation in the beer industry as the world's largest brewer AnheuserBusch InBev of 3G Capital is bidding for SAB Miller, the second largest brewer. If the deal is successful, it'll be one of the top-6 global corporate takeovers in the history.
Sep 17, 2015 7:52 AM EDT