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Qualcomm Greater China former president Frank Meng returns amid troubled market; former head Wang Xiang moves to Xiaomi

Former Qualcomm China president Frank Meng is returning to head the company operations of the troubled U.S. chipmaker. Former head Wang Xiang exits to join smartphone maker Xiaomi.

Jun 13, 2015 6:54 AM EDT

News

Roomi Lands $2 Million To Pair You With The Perfect Roommate, Funds to be used for Expansion of Operations, Additional Features

Roomi is a free mobile app that makes searching for roommates and housing in New York easier and faster. They recently launched the app June 9 with a seed fund of $2 million led by DCM ventures.

Markets

Apple Music faces antitrust investigations in New York, Connecticut

While Apple Inc was busy unveiling is online music service, Attorneys general of New York and Connnecticut were quietly investigating whether the deals brokered between Apple and music labels had violated antitrust laws.

News

Oculus VR unveils consumer version of Oculus Rift headset

Oculus on Thursday unveiled its virtual reality headset, Rift, at a press event in San Francisco. The Rift which is said to bring about a vast change in how you play your games today, will be shipped with wireless Xbox One controller. The Oculus Rift will be available to consumer by first quarter of 2016.

Spotify Raises $526 Million in Face Off with Apple

To counter Apple Inc's new Apple Music subscription service, Spotify, the current leader in the music-streaming business organised a new round of funding from investors on Tuesday. Spotify market value rose to $8.53 billion after collecting $526 million from the latest round of funding from a wide range of global investors

Jun 12, 2015 9:21 AM EDT

BMW's new 7 Series is the luxury car of the future, here today

German automaker BMW on Wednesday unveiled its latest version of its 7 Series at its global headquarters in Munich. The BMW 7 Series is top of the line luxury sedan and it is a status symbol, especially in European countries.

Jun 12, 2015 9:04 AM EDT

Brit+Co is first beneficiary of Intel Capital's $125 million diversity fund

Brit+Co confirmed the company raised $20 million from Intel Capital, and as its first acquisition brought user-generated DIY app Snapguide to add more media to its platform.

Jun 12, 2015 8:43 AM EDT

Intel Capital allocates $125 million to fund firms with women and minorities in top roles

Intel Capital, the venture capital arm of the global chip maker- Intel Corp., on Tuesday announced to allocate $125 million fund to back companies with women and minorities in leadership roles. This comes after its pledge in January to spend $300 million over the next five years to promote diversity in the company.

Jun 12, 2015 8:34 AM EDT

Metal performance for Apple's desktop OS - X 10.11: EI Capitan

Among the slew of product and services launched at Worldwide Developer Conference, Apple also introduced its latest version of desktop operating system- OS X 10.11 EI Capitan.

Jun 11, 2015 9:47 AM EDT

Twitter follows you and the apps you've downloaded for better ad targetting

Twitter on Wednesday unveiled a new tool called "installed app category targeting", which gives advertisers an edge when it comes to catering ads to users on the micro-blogging site. With the new feature, marketers can target their ads to Twitter users based on the category of the app and how recently the app was downloaded onto your phones.

Jun 11, 2015 9:27 AM EDT