Ace Limited company announces that the company is entering into cyber security sector due to an increasing number of cases happening in the United States alone. However, customers are required to undergo a reviewing process first before they can buy the policy.

Sep 27, 2015 09:51 PM EDT

Facebook introduces its support for a 360-degree video. Through the feature, users could swipe their phones on their desired angle and watch videos in different views.

Sep 27, 2015 09:45 PM EDT

Netflix had released an app that allow users to experience its show in the virtual reality device, Oculus Rift and the new Samsung Gear VR. The online streaming provider had set a special environment for users to watch the show. Hulu is expected to provide similar app in the future as the company had also been working closely with the virtual reality company.

Sep 27, 2015 09:10 PM EDT

LG will unveil new smartphone the LG V10 in October. The company had released a teaser on YouTube giving viewers a glimpse of the latest feature that can be expected on the new smartphone.

Sep 27, 2015 09:06 PM EDT

After feeling the heat of $1.3billion accounting scandal, Toshiba has undertaken restructuring plan to overhaul its operations including overseas network. Toshiba is selling five percent stake each in two whitegoods units to Chinese firm Skyworth Digital Holdings. Toshiba has convened an EGM on 30 September to discusson on future plan.

Sep 27, 2015 09:02 PM EDT

The group of hedge funds seems to be slitiing off over the restructuring plan for the ailing Puerto Rico economy. Recently the Islan's governor Alejandro Garcia Padilla said that debts were unsustainable. Since then difference of opinion has started widening further among the members. On the other hand, there's increasing voice against the participation of Antonio Weiss in the restructuring talks as it leads to conflict of interest.

Sep 27, 2015 08:57 PM EDT

New home sales were up in August, while business investment eased in August. The latest data for August indicates that US economy is not disturbed much with ongoing slugishness in the global economy. It's estimated that earlier forecast on US GDP growth rate of 1.4 percent is possible for the third quarter.

Sep 27, 2015 08:53 PM EDT

Sprint mobile carrier is now offering the lowest price for the new iPhone 6 at $1 per month. The new offer comes few days after T-Mobile started the price war when it is offering the new iPhone 6S at $5 per month.

Sep 27, 2015 08:48 PM EDT

Goldman Sachs achieved a robust year of performance in mergers and aquisitions (M&As) space this year so far leaving its rivals far behind in terms of revenues and fees. Goldman Sachs earned a market share of 12.3 percent in M&A space globally, while JPMorgan and Morgan Stanley were left with market shares of 8.1 percent and 7.7 percent respectively.

Sep 27, 2015 08:44 PM EDT

Norway's Central Bank, the Norges Bank announced that it is cutting the country's interest rate to o.75 percent today. This is the second rate cut for this year and the third in 10 months. The rate cut signals a weakening economy in the country's key sector.

Sep 27, 2015 08:39 PM EDT

Washington is planning to wrap up the TPP agreement in a meeting in Atlanta next week. Few issues will be resolved during the meeting such as for automotive industry, dairy products, and biological drugs.

Sep 25, 2015 08:05 AM EDT

The US Federal Reserve Chair Janet Yellen said she expects interest rate hike this year. The improvement in labor market is the prime reason that give much comforatble level for Fed to take a decision on raising rates. She also expressed her hope that inflation rate will reach to the government's target. the uncertainty over interest rates is causing weakness in the financial markets, she said.

Sep 25, 2015 07:36 AM EDT