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Ford to invest $4.5 billion on electric cars by 2020

Ford said it is investing $4.5 billion in electric vehicles by 2020. It will add 13 new electric cars to its lineup in the next five years.

Dec 11, 2015 3:35 AM EST

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Fed might hike rates, but it will be a bad decision, warns bond king Gundlach

Jeffrey Gundlach, the bond king in the US markets, says the current economic situation and market conditions are not in favour of interest rate hike. If US Federal Reserve increases rate this month, then it will regret its decision, he said. Stating that 100% of economists forecast rate hike. latest jobs data and other parameters are giving more room for US Fed to take decision on rate hike.

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Facebook re-enables social network to Tsu content

Facebook has raised a restriction that blocked content from Tsu.co. Facebook has raised a restriction that blocked content from Tsu. Co, a competitor challenging the Facebook's financial dependence on free content shared by its 1.

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TCS announced Rs 1,100 crore as interest free loans to flood-hit employees in Chennai

Recently, the flood marked as one of the history's worst disaster struck Chennai. In order to provide relief and rehabilitation facilities, IT giant of India, Tata Consultancy Services (TCS) has decided to provide them with interest-free funds of Rs 1,100 crore. It has followed the footsteps of US listed rival Cognizant.

The 2016 BMW diesel X5 SUV will go on sale next month as EPA emission test checked out

The U.S. EPA announced it has approved the sale of the new BMW diesel X5 as the testing found that there is no evidence of a defeat device to cheat emission tests. The diesel SUV will be going into production soon and will be available on the market in January.

Dec 11, 2015 1:55 AM EST

Alaska Governor seeks income tax for the first time in 35 years

Alaska State Governor Bill Walker as part of his New Sustainable Alaska Plan,suggested for income tax in the State. If levied, it'll be after 35 years, Alaska records income tax. Alaska is highly dependent on oil revenues. The steep fall in oil price is impacting its revenues in a negative way. The current revenues can meet only 40 percent of government expenses.

Dec 11, 2015 1:16 AM EST

Dow Chemical and DuPont are in the late-stage talks for $120B merger

Dow Chemical and DuPont are in advanced talks for a merger. The companies could announce the $120 billion deal in the next few days.

Dec 11, 2015 1:14 AM EST

In Australia, banks disrupt Apple with mobile payments power

The US technology giant Apple Inc is struggling to forge an alliance with Australian banks to spread its mobile payment system. Australian banks have already their own apps and supporting technology platform for the contactless payment system. At this juncture, Apple Inc is finding it difficult to make the partnership with Australian banks. After launching mobile payment service in Australia last month, Apple Inc is planning to roll out in China soon.

Dec 11, 2015 1:09 AM EST

Verizon to begin testing 'toll-free' data

Verizon will start testing sponsored data program in the next following days. The program will let Verizon users to access certain data without using up their monthly data plan.

Dec 11, 2015 1:07 AM EST

Half of the tenants are unable to afford their rents

According to a research, more than half of the US renters can not afford to pay their rents. Those people, who are paying more than 30% of their income has rose to 21.3 million people last year. Highrent rates have jeopardized other household budgets of low-income and middle-income housholds.

Dec 11, 2015 1:03 AM EST