World’s sixth largest marine reserve in South Pacific Pitcairn Islands offers breathtaking views
The Pacific island nation of Palau has announced the creation of the sixth largest marine reserve in the world. It has also made the island nation to boost its tourism.
Nov 03, 2015 3:48 AM EST
Amazon stops selling Apple TV and Chromecast in the battle of TV net devices
Amazon finally stops selling its Fire TV rivals, Apple TV and Google's Chromecast. The decision is following its first announcement earlier last month.
Billionaire George Lucas donates $10M to recruit young padawans to filmmaking
George Lucas gifts $10 million to University of Southern California's film school to support underprivileged Black and Hispanic Students aimed at bolstering diversity in entertainment industry.
Cloud storage startup ClearSky Data gets $27 million in Series B funding
ClearSky Data, a cloud storage startup, was awarded $27 million in investment from a few investors in Round B investment. Besides Akamai, there are other investors investing during the second round investment, among them are General Catalyst and Highland Capital Partner.
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Japanese auto majors may post encouraging quarterly results
Japanese automobile majors Toyota, Nissan and Honda are upbeat on performance as surges in US sales and weaker Yen are adding to their profits. The market analysts are closely watching second quarter and third quarter results to ascertain future outlook for 2016. The US and China markets account for one-third of total sales of Japanese automobile majors.
Nov 03, 2015 3:11 AM EST
Fed wants to shield taxpayers when banks go down
US banks will be required to hold enough debt that could be converted into equity if they were to falter soon. This according to a Fed rule that was approved by a unanimous vote on Friday.
Nov 03, 2015 12:55 AM EST
Snapchat introduces another new update
Snapchat is introducing a new set of filters called “Speed Modifiers” for videos shot on both iOS or Android. The new feature let users add slow motion, fast-forward, or rewind effects to a video.
Nov 03, 2015 12:46 AM EST
Ellie Mae beats expectations on the third quarter revenue as mortgage industry soars
The mortgage processing software company Ellie Mae beats the expected revenue on the third quarter financial report. The company's revenue rose 61% to $68.9 million, higher than analysts expectations of 46% growth.
Nov 03, 2015 12:40 AM EST
Google’s new app allows people to know if you’re “down” to hangout
Google has launched a new app called "Who's Down". The app allows the users to find out people who are available to hang out. The app is available for iOS and Android.
Nov 03, 2015 12:28 AM EST
Apple’s new patent will make an iPhone screen shatterproof
Apple Inc. patents its new technology for mobile's screen protector. The technology will protect the device when it falls by releasing "bumpers" as shock absorbers.
Nov 02, 2015 10:20 PM EST
Finland's Kela will provide basic income for working or non-working Finnish
The Finnish Social Institution, Kela, is coming up with plans to create a basic income model that would guarantee an 800-euro-a-month income for the people whether they work or not.
Nov 02, 2015 10:13 PM EST
China sees greater shift to internet-based enterprises
There's significant business potential in internet-based business as the higher costs of labor and infrastructure are eroding the profitabilit of tranditional enterprises in China. The vast usage of internet and huge population numbers are luring many businesses to set up shop online.
Nov 02, 2015 9:55 PM EST
Daniel Loeb's Third Point picks stake in Seven & I
Daniel Loeb's Third Point LLC has picked stake in Japanese retailer Seven & i Holdings. The size of the deal is expected to be below five percent. The US activist investor Loeb has called for restructuring at the Japanese retailer to increase profitability and shareholder returns, while reducing costs. Seven & i is closing down its underperforming Ito Yodado stores.
Nov 02, 2015 9:41 PM EST
Amazon logs off 'Register'; breather to Square
Facing stiff competition and suffering low margins, Amazon has decided to shut down its mobile point-of-sale payement service Amazon Register. This decision has turned out to be a fresh breather for competitors such as Square, which is going public this year. Amazon Register will be logged off in early 2016, while existing merchants are allowed to use it till 1 February 2016.
Nov 02, 2015 9:32 PM EST
Cross-border technology sharing with Chinese firms worries US defense experts
US technology giants such as IBM, Microsoft, Dell and Cisco are working closely with Chinese companies considering the vast business potential in the world's second largest economy. Taking advantage of technology access to the US companies, Chinsese companies are becoming self-sufficient in developing technology applications in turn pushing military research and operations capability. This may signal threat to US national security, alert US defence experts.
Nov 02, 2015 9:22 PM EST
Amazon Launches Black Friday Deals Store to Start Countdown to Biggest Shopping Event of the Year
Amazon’s prime members will gain early access to its lightning deals as part of its Black Friday Deals store countdown.
Nov 02, 2015 9:08 PM EST
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