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Apple News: Apple Sponsors 2016 Met Gala, Making Its Name In The Fashion World

Apple is sponsoring one of fashion’s biggest and most prestigious event, the Met Gala. This year’s exhibition will feature works that highlight the dynamics of human craftsmanship and technology in creating high-end fashion. Apple will also be involved in the exhibition’s music department using its Apple Music.

Feb 16, 2016 7:07 AM EST

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Samsung Ventures into Smart Shoes As Well, Targeting On Fitness And Golf

Salted Venture, one of Samsung start-up companies, has developed a smart shoe aiming to be used for fitness and golf. The shoe features an advanced technology that will provide users with data, which is very useful for their sport activities.

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South Korean Central Bank Keeps Interest Rates Unchanged, Observes Impact of New Stimulus Package

BoK has decided to keep hold benchmark interest rates in place on Tuesday. To tackle the ongoing sluggish economic growth, South Korean government has unveiled a stimulus package on February 3. BoK is predicted to analyze the impact of the stimulus package and hence opts for keeping rates unchanged.

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Orange SA Needs More Weeks For Bouygues Deal

Along with reporting its fourth quarter performance, France telecommunication company Orange SA also report the acquisition plan. The company needs more weeks to have approval from antitrust authorities.

Company Report: Hong Kong Disneyland Reported $19.1 Million Loss As Fewer Chinese Tourists Visit the Theme Park

Hong Kong Disneyland reported its first loss since 2012. Fewer tourists had come to visit the resort and theme park, with the biggest decline from Chinese tourists. China’s economic slowdown, along with political instability and the emergence of Shanghai Disneyland is believed to have affected the Chinese tourists.

Feb 16, 2016 6:53 AM EST

Smartphones: Samsung Galaxy S7 and LG G5 Information Leaked Ahead of February 21 Schedule

Samsung Galaxy S7 and LG G5 were set to be introduced on February 21. However, both the device’s details have been leaked on the internet, revealing most of the phone’s highlighted features. Both the 2016 flagship device will have a fingerprint scanner, along with other innovations.

Feb 16, 2016 6:50 AM EST

Anglo American Plc Announced to Sell Its Share in Kumba Iron Ore

One of the world's biggest mining company Anglo American Plc announced to sell its share in Kumba Iron Ore on Tuesday. The South African multinational company has suffered loss in its full-year performance.

Feb 16, 2016 6:47 AM EST

Slack Messaging Has Advantages Over Facebook, Said CEO Stewart Butterfield

Slack Technologies co-founder Stewart Butterfield is confident that the company's technology has advantages over other messengers. It is because Slack provides a team communication app to improve teamwork.

Feb 12, 2016 8:10 AM EST

Company Acquisition: Time Inc. Acquired Viant, Which Owned MySpace and Other Ad-Related Business Units

Time Inc. was interested in big data owned by Specific Media when they acquired Viant, which owns Specific Media. Apparently, Viant also owned other business units, including social network Myspace. Time Inc. will use data from Viant's business lines including Myspace to improve its advertising activities.

Feb 12, 2016 8:04 AM EST

London rental apartments see buying binge ahead of new tax

The London property market is witnessing soaring buying activity for rental apartments ahead of new tax on home coming into effect from April 2016. The latest rush for buying is also pushing prices up.

Feb 12, 2016 8:01 AM EST

Pandora selling itself; stock soars over 10%

Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing competition in internet radio space.

Feb 12, 2016 7:55 AM EST

Yahoo Restructuring: 107 Employees Received Layoff Notice As Part of The Planned 1,500 Job Cuts

Yahoo’s planned restructuring plan had started on Wednesday, whereas 107 employees had received a written notice that after 60 days they would have to leave the office. That would be the first batch of what is expected to be a much bigger job cuts of 1,500 employees or 15 percent of the company’s workforce.

Feb 12, 2016 7:50 AM EST

Financial Report: Soundcloud Reported Prolonged Losses, With 2014 Loss of $44 Million

Soundcloud's financial report revealed that the company is experiencing significant loss in 2014, and the losses had started from several years before. The 2014 loss was due to large expenses, even though Soundcloud's revenue actually experienced a growth. The company expects to face losses for the next three years, but they are striving to plan strategies to increase income.

Feb 12, 2016 7:46 AM EST

JP Morgan's CEO purchase $26 million worth of his own company's shares

Jamie Dimon, chairman and chief executive officer of JP Morgan Chase & Co, spent $26 millions to buy shares of his bank on Thursday. The share purchase is translated as good sign by other investors as the shares climbed by 2 percent after the news broke out to the public.

Feb 12, 2016 7:42 AM EST

Tesla's Summon feature to Fortify Company's Entry into Autonomous Driving

Tesla has release it's Summon software update that will allow users of its Model S to remotely park their cars. The technology will also increase the safety for the driver.

Feb 12, 2016 7:37 AM EST

Zimbabwe Suffers Severe Drought And Is In Need Of $1.5 Billion Aid

Zimbabwe suffers a massive disaster in the form of drought which has hit immensely on the entire country. The Vice president Emmerson Mnangagwa has appealed for $1.5bn aid from the local businesses and charities to save more than a quarter of his population from extreme water scarcity.

Feb 12, 2016 7:31 AM EST