Banana Republic sales drop hits Gap Inc's stock on Wall Street
The US-based clothing retailer Gap Inc shares turned volatile following the sales drop in its brands the Banana Republic and Gap. In addition to a weaker forecast of earnings, a lower than previously predicted, have dampened the business confidence and put more pressure on the stock.
Nov 10, 2015 3:07 AM EST
Ford to invest $9B in US plants
Ford has reached an agreement with United Auto Workers (UAW). As part of the agreement with the labor union, Ford is investing $9billion in US plants. Ford will develop new models and relaunch Ford Bronco and support Ford Ranger as well.
Investcorp buys hedge fund of SSARIS
Bahrain-based Investcorp Bank has bought hedge fund business of the US-based SSARIS Advisors. With the acquisition, Investcorp aims to double its assets under management over next seven years. The Bahrain's bank will also get clients from the US, Asia and European markets.
Recovery in Greek economy likely in 2016; 2.7% GDP growth in 2017
Crisis-hit Greece economy is expected to witness recovery next year and a possible GDP growth rate of 2.7% in 2017, according to the latest report from IMF.
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Snapchat video reaches 6 billion views a day
Photo messaging app Snapchat said its video views has reached 6 billion counts every day. It will give a strong competition with Facebook with its 8 billion views per day.
Nov 10, 2015 12:17 AM EST
New Mazda MX-5 offers sheer enjoyment of driving
The new 2016 Mazda MX-5 has been raking in plenty of positive reviews. It was also voted by journalists as the star of the show during the current Miami auto show.
Nov 09, 2015 11:07 PM EST
Opera's Max Data-Savings App to be Pre-Installed On14 OEMs
Opera's new data-management app Opera Max will be pre-installed into phones from 14 OEMs to 100 million Android phones by 2017.
Nov 09, 2015 10:58 PM EST
China's imports plunges 12th month in a row
China's import dropped 18.8 percent to $130.8 billion in October for the 12th consecutive time, according to official data revealed Sunday.
Nov 09, 2015 10:36 PM EST
uBeam Reveals Secrets on How Wireless Power Is Possible
uBeam revealed November 7 how their wireless power technology can charge phones without wires, dispelling rumors of inefficiency and being unsafe.
Nov 09, 2015 10:27 PM EST
Google Acquires Photo Video app maker Fly Labs
Google acquired New York City-based he photo and video editing software maker Fly Labs, the company responsible for apps like Flt, Tempo, Crop, and Clips in the iOS App Store.
Nov 09, 2015 8:01 PM EST
Weyerhaeuser's Plum Creek acquisition to create $23 billion timber company
Timber giant Weyerhaeuser Co will buy Plum Creek Timber Co. Inc., for $8.4 billion, creating a $23 billion timber, land and forest firm, the largest the United States.
Nov 09, 2015 7:55 PM EST
As Toyota Dropped Its Airbags, Takata Shares Plunged
Toyota dropped Takata as its airbag suppliers. The decision made a huge blow to Takata resulting a 25% drop in their share, the lowest in six years.
Nov 09, 2015 7:04 PM EST
Samsung Galaxy Note 5 Performance Reviews
Released in August 2015, Samsung Galaxy Note 5 made a highlight in its class. A phablet with lage screen and latest technology, it stands out according to reviewers
Nov 09, 2015 6:56 PM EST
Mixed Reaction in Asian Market As U.S. High Job Rates and Possible Fed Hike
Japanese and Chinese shares are up, while other Asia Pacific market decreases. As dollar stands high and U.S. strong jobs data may make Fed increase interest rates in December.
Nov 09, 2015 6:48 PM EST
American Airlines adds four new US flights to Cancun, Airline clients gain new non-stop routes to Cancun
American Airlines are adding new flights to Cancun, Mexico in 2016. The new service to Cancun will operate on Saturdays from Raleigh-Durham, Pittsburgh, Nashville, and Kansas City.
Nov 09, 2015 8:15 AM EST
Dubai Airshow proceeds despite security fears to boost arms sales, Emirates to showcase world’s first two class A380 at the show
The opening day of the Dubai Airshow displays fighter aircraft from the US, UK and France. Moreover, Emirates showed off for the first time its first two-class configured A380 at the show.
Nov 09, 2015 8:10 AM EST
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