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 01:55 AM EST

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.

Dec 11, 2015 03:29 AM EST

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 01:16 AM EST

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 01:14 AM EST

Facebook has released details of its newest app called Facebook at Work. The app is focused on becoming the social network of the workplace.

Dec 10, 2015 10:59 PM EST

The Insurance Institute for Highway Safety has release its 2016 rankings. Toyota, Honda, and Volksawagen were among the big winners.

Dec 11, 2015 12:07 AM EST

Kering SA, reached an agreement to sell its luxury shoemaker Sergio Rossi to a private equity firm.

Dec 10, 2015 07:41 PM EST

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 01:09 AM EST

Google announced to discontinue its Nexus 6 starting December 8. However, customers still be able to find the phablet in Amazon.

Dec 10, 2015 10:34 AM EST

Daniel Wind, the owner of the Bushshack Brewery in Yallingup South West Australia has created a beer made out of avocado, and it is such a big hit.

Dec 10, 2015 10:16 AM EST

Porsche has announced it will rename its Cayman and Boxster units to 718 Cayman and 718 Boxster and will be released in 2016.

Dec 10, 2015 07:39 AM EST

Facebook has raised a restriction that blocked content from Tsu.co.

Dec 11, 2015 03:15 AM EST