Ashley Madison earned $1.7M from deceptive removal of member profiles; hackers revealed 36 million accounts
Hackers had released Avid Life Media's private documents indicating it has earned $1.7M charging members a fee of $20 for full deletion of their profile. Hackers proved the feature is not effective revealing online its 36 million user accounts since 2008.
Aug 20, 2015 3:41 AM EDT
Volatile Chinese markets drive nervous investors to offload
The volatility in the Chinese stock markets is pushing nervous investors to offload their investment. the slowdown in China's economy, oil price drop and possible rate hike by US Fed are impacting the market sentiment.
US energy stocks slip as oil price drop continues to 6-year low
The oil price drop to 6-year low and rise in crude inventories are taking a toll on energy companies. This put more pressure on trading in energy stocks on Wall Street. The market forecast of interest rate hike by Fed also further dampened the sentiment.
StoreDot's $18M funds will be used to develop a five-minute charging of electric cars
StoreDot had acquired $18M funds. The startup company produces flash batteries that charges smartphones by only 30 seconds. The obtained capital would be used to develop a five-minute charging batteries for electric vehicles.
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Square Cash, the new app on Apple Watch, make fund transfer easy with a few taps
The just released app on Apple Watch 'Square Cash' offers several options for users to transfer funds to family members, friends for free of cost.
Aug 20, 2015 2:04 AM EDT
Gett hits Uber on surge pricing; launches ad war
Israel-based Gett, one of Uber's biggest competitors, launched Monday its first big campaign against its competitor, Uber, which claims is ripping people off through its surge pricing.
Aug 19, 2015 11:20 PM EDT
Instacart shifts contractual personal shoppers to part-time employees in its 16 locations
The startup grocery delivery service Instacart is shifting its personal shoppers from freelance contractors to part-time employees. However, drivers will remain contractual in the company.
Aug 19, 2015 11:16 PM EDT
Whatever happened to Disney and Maker Studios $500M big deal?
Disney and Maker Studios collaboration is deemed unsuccessful due to clash between executives and corporate structure.
Aug 19, 2015 11:12 PM EDT
Amazon employees defends tribe from 'Purposeful Darwinism' culture story
While Amazon's boss Jeff Bezos ruled out the investigation report from The New York Times saying it doesn't describe the Amazon he knows, a majority of employees defended the company in various online forum. The fast growing online retailer Amazon has been receiving flak from some employees and has recently become the center of discussion in the media as its punishing work culture was put on the spotlight.
Aug 19, 2015 10:38 PM EDT
Toshiba wants new blood to lead its board; Interim president stays
Japanese major Toshiba Corp has reshuffled its board by inducting more outside directors, while retaining interim President on permanent basis. Toshiba has conveyed an extraordinary shareholders' meeting to seek approval for the board restructuring.
Aug 19, 2015 4:33 AM EDT
US drone flights to increase by 50% over next four years
The US military is boosting its capability to deal with growing global security threats by increasing the number of its drone flights. The expansion, which comes with increased capacity for lethal strikes, will unfold over the next four years.
Aug 19, 2015 4:19 AM EDT
Starbucks to serve alcohol at 70 locations; Booze business will be in 2,000 locations within 5 years
Starbucks will now include alcohol in its menu in 70 of its locations nationwide. The coffee company will add booze in its menu in places such as New York, Miami, Denver, northern California, and Orlando.
Aug 19, 2015 2:43 AM EDT
Tianjin blasts estimated to $1.5 billion in insurance claims
Due to a chain reaction of explosion, China has now an estimated of $1.5 billion of insurance claims from individuals and different business sectors. The blast that killed hundreds, injured many and left other missing created great damage to the many establishments surrounding the area and polluted the air with toxic substances.
Aug 19, 2015 1:56 AM EDT
IRS releases additional statement on illegal access to taxpayer accounts
IRS repeatedly assures public that they're doing their best to protect the information on the 330,000 hacked taxpayers' account impressing the importance on the safety of taxpayers' information to them.
Aug 19, 2015 1:21 AM EDT
Project Sunroof: Google uses maps and weather history to help owners calculate solar power consumption
Carl Elkin introduces the Google Project Sunroof, it's a solar panel roof designed to help homeowners consume energy. The team uses maps and weather history to determine the amount of sunlight and how much people would consume.
Aug 19, 2015 1:13 AM EDT
Euro nations take a vote on Greece bailout ahead of crucial meetings
Many European nations are holding crucial meetings on the third round of bailout package to Greek. The Eurozone is divided over euro 86B package to the ailing Greece economy. A clear picture is likely to emerge after Wednesday.
Aug 19, 2015 1:05 AM EDT
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