Chinese firms are struggling to compete with foreign firms in the production of robots. This lead to domination of foreign firms in the China robotic market creating a loss for the country as they are shifting from labor work to automation work.

Sep 22, 2015 02:46 AM EDT

Google Ceo, Sundar Pichai will be hosting his first Google event in its San Franciso office this coming 29th September. He is expected to unveil new Google Nexus and Google Chromecast during the event.

Sep 22, 2015 02:42 AM EDT

Jessica Alba's co-founded company, The Honest Company, will provide paid parental leave to its workers starting 2016.

Sep 22, 2015 02:38 AM EDT

Apple has met with regulators in California on autonomous vehicle regulations, fueling speculations it is developing a self-driving car. The company has been tight-lipped about the matter, despite a string of reports pointing to an Apple car project.

Sep 22, 2015 08:22 AM EDT

Three major U.S indexes closed lower on Friday after the Federal Reserve decision not to change the interest rates after Thursday's meeting. The decision brings concern for investors as global economic is expected to continue its declining pattern.

Sep 22, 2015 02:30 AM EDT

After 10 years of working on the project, the high-speed rail link between Los Angeles and Las Vegas is taking off following the signing of a deal by a group of Chinese firms with XpressWest, a US company. The China President Xi Jinping is visiting the US, during his tour next week, the project will be announced.

Sep 22, 2015 12:00 AM EDT

Japanese electronics major Sharp Corp is in the process of reviving its LCD business unit. It's trying to access funding support from Apple Inc, for which it supplies LCD screens. Sharp is also approaching banks on revival package. On the other hand, Taiwanese firm Hon Hai has made a bidding for acquiring the LCD business of Sharp. However, both the companies didn't confirm it.

Sep 21, 2015 09:54 PM EDT

The US companies engaged in foreign trade and aviation firms find it difficult to run the show following the closure of the US Export-Import Bank (EXIM). This causes non-availability of export financing and loan guarantee for the US companies. As a result, many comapnies are planning to shift out of the US to establish units overseas. Aerospace Industries Association is lobbying with Congress members for revival of EXIM.

Sep 21, 2015 09:50 PM EDT

Mitsubishi Motors is closing down its US operations following high production costs and low volumes. The Japanese automobile major was hit by strong US dollar that makes imports attractive.

Sep 21, 2015 02:02 AM EDT

Amazon announces new Fire TV, along with various upgrades and amazing products that can easily compete with Apple's new Apple TV.

Sep 21, 2015 01:59 AM EDT

JPMorgan Chase & Co has indicated the possible drop in trading revenues for the third quarter following the market crash in August. The bank has alo cautioned that if interest rate is inncreased then it'll cause high volatility in treasuries market. JPMorgan is expanding its retail operations network by setting up 100 new branches over next two years.

Sep 21, 2015 02:10 AM EDT

Goldman Sachs wants to recruit millennials. In fact, they shared a recruitment video ad on Snapchat to attract young workers.

Sep 20, 2015 11:58 PM EDT