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Articles by Staff Writer

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PicsArt scores $15m from Sequoia and Insight Venture Partners

PicsArt Photo Studio (PicsArt) has raised $15 million in new funding led by Insight Venture Partners and Sequoia Capital. PicsArt has already raised $10 million from Sequoia Capital earlier this year.

Jun 08, 2015 4:53 AM EDT

Yahoo to shut down Maps and other services

California-based Yahoo Inc will be shutting down its maps website and other services at the end of the month. The move comes as Yahoo Inc wants to focus on its search, communications and digital content. Yahoo Inc's Maps were facing intense competition from Google Inc's Maps service.

Jun 07, 2015 11:56 PM EDT

Facebook Lite launched in emerging markets

Facebook Lite launched in Asia. Facebook Lite is designed for Android devices, it will also be released in parts of Latin America, Africa and Europe in the coming weeks.

Jun 07, 2015 11:33 PM EDT

Magic Leap to blend digital and real world

Magic Leap would soon start making a software development kit (SDK) available to interested developers. This means several developers can actually try their hands on SDK to execute their visualization.

Jun 07, 2015 10:04 PM EDT

India launches “Khoya Paya”, a website for missing children

India decides to fight kidnapping by launching "Khoya Paya" , a "lost and found" website for missing children.

Jun 07, 2015 10:59 AM EDT

Hewlett-Packard Split and Rebranding Brings Job Cuts, Shifts to Offshore Jobs

HP's planned split takes effect on November 1st. Transition of company is said to bring a thousand job cuts across its divisions. Plans of shiting to offshore jobs hinted by HP CEO Meg Whitman.

Jun 07, 2015 10:55 AM EDT

Leading Financial Software Firm SunGard Files for IPO

Sungard Financial Systems IPO could offer a $10B value for the company. It continues to expand as it launches its fourth office in Africa - Nairobi, Kenya.

Jun 07, 2015 9:51 AM EDT

Samsung is using Alcoa’s aerospace-grade aluminum to build latest Galaxy phones

Samsung Electronics is using high-strength aerospace-grade aluminium supplied by New York-based lightweight metals company Alcoa. Alcoa is supplying its 6013 Power Plate for the manufacturing of Galaxy S6 and S6 edge phones.

Jun 07, 2015 9:11 AM EDT

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.

Jun 07, 2015 6:22 AM EDT

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.

Jun 07, 2015 6:08 AM EDT

Google shareholders dismiss ISS recommendations to withhold vote as all director-candidates got re-elected

Despite ISS warnings, Google sharehoders reelected all eleven board of directors in its annual stockholders meeting held on 3 June. ISS warned investors against voting for John Doerr, Paul Otellini, and Ram Shriram in connection with executive pay awarded to Executive Chairman Eric Schmidt and Chief Business Officer Omid Kordestani.

Jun 07, 2015 5:57 AM EDT

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.

Jun 07, 2015 5:46 AM EDT

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

Alibaba to invest in China Business Network to expand finance services

Alibaba Group Holding has decided to buy stakes worth more than 1 billion yuan ($161 million) in financial media outlet China Business Network (CBN). CBN is part of Shanghai Media Group (SMG).

Jun 06, 2015 11:33 PM 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

“I have aged 30 years in these last 30 days”: Sheryl Sandberg, Facebook’s COO, mourns husband’s death; Writes a touching, emotional post in Dave’s honor

30 days after her husband Dave’s death, Facebook COO Sheryl Sandberg still mourns his passing. Her grief and loss are such that Sheryl says that she has aged “30 years” during the 30-day mourning period.

Jun 05, 2015 2:23 AM 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

Samsung delays mobile payment service, expands it to China and Europe

Samsung Electronics announced on Wednesday it will be including China and Europe for the Samsung Pay service. But the company's initial decision to launch Samsung Pay in South Korea and the United States has been put off till September.

Jun 04, 2015 9:36 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

6.1 billion smartphone users worldwide by 2020: report

In 5 years time, the total number of smartphone users will rise to 6.1 billion. At present there are 2.6 billion smartphone users. And by 2020, total mobile users will touch 9.2 billion.

Jun 04, 2015 9:19 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

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