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Barclays New Chairman McFarlane Fires CEO Anthony Jenkins due to poor performance and organizational rift

Barclays Chairman McFarlane who joined the company in April announced the canning of CEO Jenkins. The decision was reportedly due to bank's performance under Anthony Jenkins.

Jul 09, 2015 10:20 AM EDT


Yahoo unleashes all-new daily fantasy sports league, expects it to be a game changer

Yahoo on July 8 formally rolled out its daily fantasy sports league allowing tons of its fantasy league fanatics to gamble and win in daily fantasy sports league contests.

Jul 09, 2015 10:53 AM EDT


Microsoft restructures phone business; cuts 7,800 jobs

Microsoft is laying off 7,800 positions globally and writing off about $7.6 billion in impairment charge related to its Nokia business.

Jul 09, 2015 10:45 AM EDT


Price War: Amazon Cloud Drive comes cheaper than rivals Google and Dropbox

Amazon offers cheap cloud-based file storage compared to Google Drive and Dropbox in its recently-released mobile app. Although files can be accessed as read-only, future updates may make Amazon Cloud Drive the most-preferred app for file-sharing and storage.

Jul 10, 2015 02:18 AM EDT


Citibank Is Working On Its Own Digital Currency, Citicoin Proposing U.K. Government To Run Its Own Digital Cash

Citibank is currently working out on a new digital currency called Citicoin which is also similar to Bitcoin. Though the company is proposing countries, U.K. in particular to provide its own digital cash.

Jul 09, 2015 09:34 AM EDT


ClipMine raises $2.6 million in funding to kickoff world’s first video annotation and crowdsourced indexing service

ClipMine raises a staggering $2.6 million in funding for changing the entire video consumption experience. The company rolled out world’s first crowdsourced online video indexing and annotation service.

Jul 09, 2015 11:59 PM EDT


Under Armour's MyFitnessPal and Endomondo apps now run in tandem

MyFitnessPal users can now access information from Endomondo after both apps were acquired by Under Armour.

Jul 13, 2015 02:19 AM EDT


HTC posts losses for 2nd Quarter 2015; Company stock drops to lowest point as it competes in mid-tier smartphones race

HTC predicts losses of $166 million for the second quarter of 2015, after several months of positive gains. Mid-tier smartphone competiton is considered a major factor in the upcoming loss.

Jul 09, 2015 09:01 AM EDT


Amazon introduces Cloud Drive app for iOS devices, iPhone and iPad users gets limited access to hosting serivce

Amazon has introduced an app for their Cloud Drive online storage service for iOS devices. iPhone and iPad users gets access to service file hosting service with limited function.

Jul 09, 2015 08:36 AM EDT


Waze starts carpooling scheme in Tel Aviv; rep says scheme is not in competition with Uber

Mapping provider Waze has started a ridesharing scheme in a suburb of Tel Aviv, which the company says is not in competition with Uber,

Jul 09, 2015 08:24 AM EDT


Twitter unveiled its much-awaited Mobile Ads Manager, makes you track ads on the go

Twitter officially rolled out its much-awaited mobile ads manager to facilitate online advertisers in tracking their ad campaigns, impressions, optimizing budget and a lot more.

Jul 08, 2015 04:25 AM EDT


The Hyperloop is the closest thing to teleporting and it might soon come to life

Deemed a rather outlandish concept when it was proposed in 2013, the Hyperloop has continued to thrive, propelled by two giant companies that have slowly but steadily acquired investors and are now preparing for possible groundbreaking next year.

Jul 08, 2015 10:04 PM EDT


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