Petrobras price target revised, lowered
Brazilian oil and gas company Petrobras' price estimate has been revised lower amid continuous oil price drop, low net realizations per barrel in upstream and downstream operations and S&P downgrade are impacting the company in a negative way.
Oct 04, 2015 9:01 PM EDT
Exxon Mobil is fined $2.63 million
The court had ruled out that Exxon Mobil is required to pay a total of $2.63 million in fine. The company is found guilty of committing several offences according to the final report released by the Pipeline and Hazardous Safety Administration.
Google self-driving car prototype unveiled; execs are listing partners
Google invited some media personnel a ride to the driverless car. The executives said they are currently listing partners to build the car.
Microsoft and Google end law dispute, to work together
Microsoft and Google had agreed to drop their lawsuit accusation for an undisclosed amount. The five years bitter court rival saw both companies agreed to work together regarding intellectual property and they even form a coalition with other tech giants.
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LG lines up new mobile devices to push sales volume
After witnessing flat sales in mobile devices in the second quarter, LG Electronics has decided to launch a series of new smartphones from low end to mid-range to high-end segments. By launching new mobiles continuously, LG hopes to improve sales performance.
Oct 02, 2015 4:46 AM EDT
FAA is worried over 1 million drones to be sold this Christmas
Around 1 million drones are expected by the FAA to be sold this holiday season. The authorities fear it could have been misused.
Oct 02, 2015 2:32 AM EDT
Lack of clarity over US data put pressure on Asian stocks
The uncertainty over US data and timing of interest rate hike put further pressure on Asian stocks. Investors are looking to US jobs data to be announced on Friday for positive triggers that can boost the markets.
Oct 02, 2015 2:28 AM EDT
Wall Street suffers worst quarter since 2011
The third quarter ending September recorded worst performance on Wall Steet since 2011 as Dow Jones and other indices fell over 10 percent. Market analysts say that it was a much-needed correction for the US stocks after continuously rose for 1,326 days.
Oct 02, 2015 2:04 AM EDT
Samsung Gear S2 smartwatch will be available soon
Samsung will released its latest smartwatch the Gear S2 in October 2nd. The new smartwatch comes with a clever design that helps users to choose apps on the screen in a more efficient way.
Oct 02, 2015 2:02 AM EDT
SoftBank invests $1bn in US fintech startup SoFi
the US startup SoFi has received a $1bn funding support from SoftBank GroupCorp. The online provider of financial services SoFi is planning expand its product offerings. It offers student refinance, mortgage, etc.
Oct 01, 2015 10:26 PM EDT
Glencore to complete 2 deals to slash down debt
commodities trader and miner Glencore has assured its investors that it's well on track to reduce debt by $10bn. The company is planning to sell some stake in agricutural land and forge an agreement on selling by-products. These two deals are expected to be comple by end of this year or early next year. Barclays' analysts forecast that there may not be downgrade of credit rating for Glencore. However, investors are concerned about future peformance of Glencore and as a results, stock price is plummeting.
Oct 01, 2015 10:06 PM EDT
Latest Mac OS, The El Capitan is here
Apple released an upgrade for its OS, the El Capitan as their latest OS X flagship which is considered as the best operating system by the company. There is some notable feature in the latest OS and users can download it from the app store for free.
Oct 01, 2015 9:59 PM EDT
Rising China spoiling party between the US and Japan
The 70th founding celebrations of US held in New York clearly demonstrated the rising power China in the global matters and diminishing importance of Japan. Shinzo Abe, Japan President, couldn't meet Barack Obama, President of the US, and this raised many eyebrows. The US media also highlighted the Xi Jinpings schedule, while it didn't bother about the speeches and presentations made by Abe.
Oct 01, 2015 9:54 PM EDT
Twitter plans to revamp its 140-character limit
Twitter is planning to take off its character limit to attract more users. Some reports say Twitter might create a separate app for longer posts.
Oct 01, 2015 9:46 PM EDT
$57 million loan to fund the Renatosu Soma Solar Park
A solar farm will soon rise in Fukushima Prefecture in Soma City, Japan and will be funded by lenders and banks including Sendai-based 77 Bank and Mitsubishi UFJ. This a commitment reaffirmed by 77 Bank to invest in renewable energy aside from reconstructing and developing the economy.
Oct 01, 2015 9:40 AM EDT
US freezes assets of Islamic State supporters
The United States freezes the assets of Islamic State supporters to restrict their activities and stem the group's growing influence. Drawn upon CIA intelligence and information supplied by other countries, the sanctions are imposed on individuals and groups in the Middle East, Europe, and Asia.
Oct 01, 2015 9:20 AM EDT
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