The Puerto Rico Electric Power Authority gets an extension from its bondholders to negotiate how it would restructure its $8.3 billion debt.

Nov 02, 2015 04:43 AM EST

Fiat Chrysler recalled about 900,000 vehicles due to airbags deploying even without accidents.

Nov 03, 2015 09:15 PM EST

Electrolux AB fell in the US trading after the US Justice Department rejected a proposal to resolve the Swedish company’s antitrust lawsuit that would block the $3.3 billion acquisition of General Electric’s household-appliance business.

Nov 02, 2015 03:54 AM EST

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 09:32 PM EST

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 09:22 PM EST

Yielding to the labor tensions, United Continental Holdings Inc has decided to hold the outsourcing exercise for time being. The Chicago-based airline has been slashing jobs and replacing them with outsourced workers. This has created unrest among employees and workers' unions started protesting it. in a latest decision, the airline announced that it stoped the outsourcing activity until 2017.

Nov 02, 2015 08:54 AM EST

Google Photos has new enhancements in its Android app. These updates include better app performance, face matching features, and it can also allow users to hide photos of specific people.

Nov 01, 2015 09:00 PM EST

Gold prices are at their lowest levels in three weeks after the Federal Open Market Committee announced that there would not be a rate hike.

Nov 01, 2015 08:24 PM EST

SolarCity beats analysts’ expectations announcing a $144 million increase in revenue in the third quarter of this year, as analysts only projected $111 million.

Nov 01, 2015 10:05 PM EST

The US Securities and Exchange Commission (SEC) has approved the new rules on crowdfunding facilitating startups to mobileze funds from individual investors and non-accredited investors as well. The with a majority voting of three to one.

Nov 02, 2015 08:43 AM EST

General Motors entered a contract with The United Auto Workers union to provide $1.9-billion investment in US operations that would add 3,300 union jobs in the country.

Oct 31, 2015 08:16 AM EDT

The Federal Reserve kept interest rates near zero last Wednesday after a two-day meeting, but said that it considers increasing it in their final meeting this year in mid-December.

Oct 31, 2015 08:01 AM EDT