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News

Early Christmas: Greece to get first €3B of aid package

The Greece government is poised to receive the €3-billion aid installment of €86-billion bailout package. The European Economics Commissioner Pierre Moscovici made an announcement to this effect. The European commission will deal with the recapitalization of banks and Greece's debt in November or December.

Oct 23, 2015 6:38 AM EDT

News

Nasdaq clocks 12% rise in profit on high trading volume

Nasdaq Inc recorded a 12 percent jump in quarterly profit as higher trading volume and acquisition of Dorsey Wright helped the transatlantic exchange operator perform better. Analysts forecast earnings of 86 cents per share.

News

Misfit launched Shine 2: Smarter and thinner fitness and sleep tracker

Misfit has launched its second generation of activity and sleep tracker, Shine 2. The device offers new smart features and elegant thinner design, yet more affordable on price.

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U.S. cities with highest rental rate increase

Rents are increasingly higher in the South and Pacific compared to the cities located in the Northeast and Midwest. California and Florida are two cities among with the highest rent hike.

Abbey Road Studios is entering the tech industry

Abbey Road Studios announces a new initiative by the company to become an incubator for music related tech starup. Currently there are few startup under the companies and more startup is expected to join soon.

Oct 23, 2015 3:54 AM EDT

Amazon to increase workforce for the holiday seasons

Holiday season is fast approaching prompting every store, online or not to accommodate customer demand on sales and customer service.

Oct 23, 2015 2:49 AM EDT

Alphabet reports an increase in revenue and announces shares buyback plan

Alphabet Inc, parent company for Google announces that the company third0quarter revenue increases by 13 percent. The company also announces shares buybcak plan of up to $5.09 billion.

Oct 23, 2015 2:38 AM EDT

Australia further delays $70-bn Shell's acquisition plan of BG

Royal Dutch Shell's $70-billion takeover of BG Group has been delayed as Australia's competition watchdog has postponed its final decision till 19 November. Australian Competition and Consumer Commission (ACCC) cited reasons that market participants expressed their concerns about the takeover that would impact the gas supply competition .

Oct 23, 2015 2:23 AM EDT

Drop in China sales hits Hyundai's profit

Hyundai Motor Co's net profit for the third quarter ending September fell 23 percent. The steep fall in China sales coupled with aggressive global incentives impacted the South Korean automobile major's performance in a more negative way. It missed analysts' forecast.

Oct 23, 2015 2:16 AM EDT

Joe says "No": Biden won’t run for president in 2016

Joe Biden, the US Vice President, stated that he would not run for 2016 presidential nomination. Without Biden in the list of candidates, Clinton's poll lead jumped.

Oct 23, 2015 12:52 AM EDT

Biogen to cut 880 jobs and end several research projects in company restructuring

Biogen stated that it will cut about 880 jobs and stop some research project in drug developments due to the company restructuring. The move will save $250 million in a year and will be invested back for more promising programs.

Oct 23, 2015 12:49 AM EDT

Google to Launch YouTube Red to Enter the Subscription Streaming Market

YouTube will launch its new subscription streaming service on October 28 with a monthly fee of $99.9, and $12.99 monthly for iOS users.

Oct 22, 2015 10:52 PM EDT

Twitter CEO Jack Dorsey wants to 'reset' their complicated relationship with developers

Twitter CEO Jack Dorsey reconciled with their developers saying he wants to “reset” their fraught relationship.

Oct 22, 2015 10:38 PM EDT

Carl Icahn will spend $150 million to lobby the congress

Carl Icahn had sent letters to vorious congress leader and key members to reform current tax law. According to Icahn, he is planning to lobby the congress by putting $150 million into the Super-PAC.

Oct 22, 2015 10:33 PM EDT

Motorola's new phones said to have 'shatterproof' display, 2-day battery life

Motorola will release Droid Maxx 2, which will have a 2-day battery life, and the Droid Turbo 2, which will have a “shatterproof” display.

Oct 22, 2015 9:52 PM EDT

Japan Tourism Boost Due to Foreign Tourist Influx with Expenditure $8.3 billion, Free Spenders are Chinese Visitors

Japan's Tourism Economy is booming due to Foreign visiting the country. The esxependiture rate ranged into 1 trillion yen ($8.3 billion) and the big spenders contributing the number are Chinese tourists.

Oct 22, 2015 8:50 AM EDT