Brazilian oil and gas company Petrobras' price estimate has been revised lower amid continuous oil price drop, low net realizations per barrel in upstream and downstream operations and S&P downgrade are impacting the company in a negative way.

Oct 04, 2015 09:01 PM EDT

The court had ruled out that Exxon Mobil is required to pay a total of $2.63 million in fine. The company is found guilty of committing several offences according to the final report released by the Pipeline and Hazardous Safety Administration.

Oct 04, 2015 07:11 PM EDT

Google invited some media personnel a ride to the driverless car. The executives said they are currently listing partners to build the car.

Oct 04, 2015 07:07 PM EDT

Microsoft and Google had agreed to drop their lawsuit accusation for an undisclosed amount. The five years bitter court rival saw both companies agreed to work together regarding intellectual property and they even form a coalition with other tech giants.

Oct 04, 2015 07:02 PM EDT

After witnessing flat sales in mobile devices in the second quarter, LG Electronics has decided to launch a series of new smartphones from low end to mid-range to high-end segments. By launching new mobiles continuously, LG hopes to improve sales performance.

Oct 02, 2015 04:46 AM EDT

Around 1 million drones are expected by the FAA to be sold this holiday season. The authorities fear it could have been misused.

Oct 02, 2015 02:32 AM EDT

The uncertainty over US data and timing of interest rate hike put further pressure on Asian stocks. Investors are looking to US jobs data to be announced on Friday for positive triggers that can boost the markets.

Oct 02, 2015 02:28 AM EDT

The third quarter ending September recorded worst performance on Wall Steet since 2011 as Dow Jones and other indices fell over 10 percent. Market analysts say that it was a much-needed correction for the US stocks after continuously rose for 1,326 days.

Oct 02, 2015 02:04 AM EDT

Samsung will released its latest smartwatch the Gear S2 in October 2nd. The new smartwatch comes with a clever design that helps users to choose apps on the screen in a more efficient way.

Oct 02, 2015 02:02 AM EDT

the US startup SoFi has received a $1bn funding support from SoftBank GroupCorp. The online provider of financial services SoFi is planning expand its product offerings. It offers student refinance, mortgage, etc.

Oct 01, 2015 10:26 PM EDT

commodities trader and miner Glencore has assured its investors that it's well on track to reduce debt by $10bn. The company is planning to sell some stake in agricutural land and forge an agreement on selling by-products. These two deals are expected to be comple by end of this year or early next year. Barclays' analysts forecast that there may not be downgrade of credit rating for Glencore. However, investors are concerned about future peformance of Glencore and as a results, stock price is plummeting.

Oct 01, 2015 10:06 PM EDT

Apple released an upgrade for its OS, the El Capitan as their latest OS X flagship which is considered as the best operating system by the company. There is some notable feature in the latest OS and users can download it from the app store for free.

Oct 01, 2015 09:59 PM EDT

The 70th founding celebrations of US held in New York clearly demonstrated the rising power China in the global matters and diminishing importance of Japan. Shinzo Abe, Japan President, couldn't meet Barack Obama, President of the US, and this raised many eyebrows. The US media also highlighted the Xi Jinpings schedule, while it didn't bother about the speeches and presentations made by Abe.

Oct 01, 2015 09:54 PM EDT

Twitter is planning to take off its character limit to attract more users. Some reports say Twitter might create a separate app for longer posts.

Oct 01, 2015 09:46 PM EDT

It's time for Aussie Facebook users to shine as the popular platform brings them Nearby Friends feature. It allows users to locate the position of their nearby friends by creating a map with the exact location if one prefers and vice versa.

Oct 01, 2015 09:41 PM EDT