Rakuten plans to issue 100 million shares to raise $1.5 billion for debt payment and investment
Rakuten aims to raise $1.5 billion from new shares to be offered in Japan and overseas. The Japanese retail company continues to transform itself to prepare for globalization.
Jun 07, 2015 9:02 AM EDT
Orange plans expansion in North Africa while ending ties with Israel to strenghten Middle East relationship
Orange expands to North Africa as a way to enter the Middle East market. The telecomsoperator expresed its desire to end affiliation with Israel's Partner Communications Ltd to give way to Arab pressure.
New Delhi rejects license applications of taxi firms Uber, Ola
US-based taxi company Uber and its local rival Ola's licence applications have been rejected by the Delhi government. The licence application of Taxiforsure has also been rejected.
Apple recalls Beats Pill XL speakers over battery fire safety risks
Apple is recalling Beats Pill XL speakers over battery overheating. Apple has announced a refund to owners. The recall does not affect any other Beats or Apple products.
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Deutsche Bank teams up with Microsoft, HCL, IBM allotting up to $1.11B for upgrades
Deutsche Bank is with Microsoft, HCL and IBM for the next 5 years for tech revamp project. US companies have alloted $316 billion for R&D since November 2014.
Jun 07, 2015 12:02 AM EDT
Samsung Galaxy S7 and S7 Edge Concept Images Released;Curved Screen Bezel-less Mobile Design Released
Artist concepts for the Samsung Galaxy S7 and S7 Edge are floating around tech circles and public sites with still a year away from an actual release of the South Korean company smartphones. The concept designs suggest the use of the curved screen design with virtually bezel-less edges.
Jun 06, 2015 11:22 PM EDT
Paris Climate Summit & UN talks push through in December 2015
Paris Climate Summit will push through as scheduled this year with environmentalist groups hoping that a low-carbon economy program would finally fall into place, as UN talks focus on global warming issues.
Jun 04, 2015 11:19 PM EDT
Google demands studio firms to comply to summons
The search engine company, Google appealed to the New York federal judge to enforce a summon issued against the movie companies. Google accuses studio firms of conspiring with Mississippi AG against it.
Jun 04, 2015 10:39 PM EDT
Accor changes name, steps up digital push to fight online travel agents
In a bid to fight back against online travel agents and to open its own online travel booking services to independent hoteliers, French hotel group Accor will be spending 22 million euros. The hotel has changed its name to AccorHotels.
Jun 04, 2015 10:45 AM EDT
SoundHound Challenges Siri with New Hound Voice Search App and Developer Platform
GroundHound quickly became a top competitor against voice recognition apps such as Siri. Cortana, and Google Voice, with its new hound voice search app and developer platform app.
Jun 04, 2015 9:58 AM EDT
NASA supersonic saucer on second test stage in prep for human missions to Mars, take off was postponed twice due to Harsh Ocean Conditions
NASA will be testing of their Low-Density Supersonic Decelerator (LDSD) by lifting it 120,000 feet above the ground at Hawaii. The NASA flying saucer-like spacecraft will splash on the waters of the Pacific, which is why the flight was postponed twice die to bad ocean condition. This exercise is done for future human missions to Mars.
Jun 04, 2015 9:29 AM EDT
Amazon's Fire TV Powers Up With GameFly Streaming
Amazon launches GameFly along with its Fire TV app. This new feature will bring game streaming to the tech giant's cheap set-top box. This is something that its competitors don't offer. It will be at $6.99 a month with 6 games, and $9.99 for 16 games.
Jun 04, 2015 8:58 AM EDT
South Korea Counters North Korean Missile Test Last Month With Sanctioned Missile Launched
South Korea succesfully launched their own ballistic missile test last Wednesday as a show of arms to it neighboring bully, North Korea.
Jun 04, 2015 8:16 AM EDT
Nintendo's Next Console Nintendo NX Will Not Run On Android
Nintendo has denied the report that they will be running Nintendo NX on Android. Iwata says more detail will be released next year.
Jun 04, 2015 8:09 AM EDT
Gumgum Inc.’s Business Expansion and Growth Funded by Morgan Stanley
Gumgum has raised money for business expansion and growth. Different investors lile Morgan Stanley has already seen the company's potential in the upcoming years.
Jun 04, 2015 7:46 AM EDT
Prospect: Internet of Things Market To Grow Up To $1.7 Trillion
IDC Research predicts a $1.7 trillion growth of IoT by 2020. Huawei is the newest company to join the IoT market while Intel's Altera acquisition builds high expectations to its IoT bid.
Jun 04, 2015 5:04 AM EDT
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