Electrolux AB fell in the US trading after the US Justice Department rejected a proposal to resolve the Swedish company’s antitrust lawsuit that would block the $3.3 billion acquisition of General Electric’s household-appliance business.

Nov 02, 2015 03:54 AM EST

The latest study done by Pew Research Center shows that computer ownership among people under 30 is fast dropping, while smartphone ownership is increasing. Almost one-third of US adults own a smartphone, 45 percent own tablets, 40 percent own consoles and 14 percent own portable consoles.

Nov 02, 2015 03:17 AM EST

LinkedIn announced the third quarter financial report that is better than analyst expectations. The company's shares jump 12%.

Nov 02, 2015 03:11 AM EST

Pfizer and Allergan are currently in a preliminary stage for the biggest merger deal in the pharmaceutical industry. However, there are still lots of problems that need to be solve including the tax inversion accusation made by politicians in the US.

Nov 02, 2015 02:24 AM EST

China's biggest oil company PetroChina recorded 81.4% fall in profit for the third quarter indicating 52% below the analysts' forecast. The continuous fall of oil price impacted the performance of the company. Analysts expect rebalancing of oil price in next 12 months.

Nov 02, 2015 02:20 AM EST

Virgin America has surpassed market estimates in revenues for the third quarter of 2015 as it posted $71.9 million revenues as against the forecast of $67mn. The US-based airline operator indicated that earnings per mile may fall in the fourth quarter owing to increasing competition and falling airfares.

Nov 02, 2015 12:25 AM EST

The country that's famous for beer is also widely popular for its impressive unemployment rate, which has remained at a stable 6.4% for two consecutive months now, according to the Federal Labor Agency.

Nov 02, 2015 12:08 AM EST

SolarCity beats analysts’ expectations announcing a $144 million increase in revenue in the third quarter of this year, as analysts only projected $111 million.

Nov 01, 2015 10:05 PM EST

Microsoft launches the Microsoft Band 2, the new generation of fitness and tracker. It has upgraded design and features including additional sensor for better performance.

Nov 01, 2015 09:53 PM EST

Wearable cameras manufacturer GoPro's results missed the market forecasts. Despite 43 percent growth in reenues, GoPro couldn't meet the forecast as sales on new products were not encouraging. However, the company sees growing demand in overseas markets such as Japan, South Korea and China.

Nov 01, 2015 09:13 PM EST

The UK property market witnessed unexpected fall in approvals in September while net mortgage lending grew encouragingly. The housing market is still showing undercurrent potential as house-price growth is picking up in the current month.

Nov 01, 2015 09:06 PM EST

Google Photos has new enhancements in its Android app. These updates include better app performance, face matching features, and it can also allow users to hide photos of specific people.

Nov 01, 2015 09:00 PM EST

Apple and U2 teamed up on VR music video to be available on Vrse App. The collaboration also launched "The Experience Bus", Oculus equipped double decker that will bring VR experience to the band's fans in Europe during the tour.

Nov 01, 2015 08:59 PM EST

India's biggest low-cost airline has exceeded its target IPO value by 6 times more than they expected. Proceeds will be use to pay off their standing debt of $388 million.

Nov 01, 2015 08:57 PM EST

Gold prices are at their lowest levels in three weeks after the Federal Open Market Committee announced that there would not be a rate hike.

Nov 01, 2015 08:24 PM EST