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Chicago catching up fast as next Silicon Valley hub

Chicago is emerging as next potential city for future Silicon Valley tech hub as it leaves other citities behind with advantages such as young educated population, affordable real estate, presence of global IT companies, availability of VC funding and other social parameters.

Aug 24, 2015 2:27 AM EDT


US allows social security benefits for same-sex spouses

As mandated by the Justice Department, gay couples can soon get social security benefits that their dead spouse worked so hard for.

Aug 24, 2015 2:21 AM EDT


Unicorn status for $1.8B ZocDoc

ZocDoc, digital healthcare scheduling company has rounded $1.8 billion giving it the unicorn status for the first time. Expansion will be used for developing products and beyond its scheduling capability.

Aug 24, 2015 2:03 AM EDT


Spotify says sorry over new private policy

Spotify CEO Daniel Ek says sorry in Spotify blog regarding the unfair privacy policy the music streaming app is applying. Reports say Spotify obtains personal information and sends it to advertisers.

Aug 24, 2015 1:56 AM EDT


51,000 Madewell Sandals Recalled Due to Fall Hazard

A particular Madewell sandal recalled due to fall hazard. The recall was done because a metal shank from the inside of the shoe can dislodge and come out of the bottom of the outsole.

Aug 24, 2015 1:51 AM EDT


Footise erodes GBP46bn as global markets tumble on China growth fears; over $3.3tr evaporate in global equities

Latest data showing slowdown in China's manufacturing sector created tremors in the global markets. All the world indices tumbled on panic selling spree. This eroded market valuation of FTSE-100 by GBP46bn and global stocks by $3.3tr.

Aug 24, 2015 1:50 AM EDT


Glass Pool to be Constructed 10 Storeys Above London Building

A floating glass pool is to be constructed atop a London apartment building. The pool is said to provide the sensation of floating.

Aug 24, 2015 1:45 AM EDT


Maxymiser acquisition to fortify Oracle Marketing Cloud

Oracle has signed an agreement to acquire Maxymiser. The latest buyout will help Oracle further strengthen its Oracle Marketing Cloud.

Aug 24, 2015 1:44 AM EDT


Intuit plans to let go of its businesses including Quicken

Intuit plans to let go of its businesses including QuickBase, Demandforce and Quicken. Intuit announced its most recent quarterly report and surprised everyone when it said that it will sell Quicken, Demandforce and QuickBase but will keep TurboTax and other products.

Aug 24, 2015 1:42 AM EDT


Elon Musk's Hyperloop starts construction in 2016; Oerlikon Leybold and Aecom joined in

Elon Musk's vision of Hyperloop is finally shaping up as Oerlikon Leybold Vacuum and Aecom funded HTT to construct the high-speed capsule transportation in 2016.

Aug 24, 2015 1:41 AM EDT


Facebook edges out Google as a traffic source for news

Facebook has become the top traffic source for news, edging out search giant Google. According to traffic analytics firm Parse.ly, this is due to Facebook's growing popularity as a platform for discourse around news and information.

Aug 23, 2015 11:59 PM EDT


Indian banking system in transformation mode

Reserve Bank of India (RBI) has given licenses to 11 business entities to commence 'Payment Banks.' The new system is expected to not only bring down transactions costs, but also cover entire rural India under banking system.

Aug 23, 2015 11:58 PM EDT


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