Articles by Staff Writer

$57 million loan to fund the Renatosu Soma Solar Park

A solar farm will soon rise in Fukushima Prefecture in Soma City, Japan and will be funded by lenders and banks including Sendai-based 77 Bank and Mitsubishi UFJ. This a commitment reaffirmed by 77 Bank to invest in renewable energy aside from reconstructing and developing the economy.

Oct 01, 2015 09:40 AM EDT


US freezes assets of Islamic State supporters

The United States freezes the assets of Islamic State supporters to restrict their activities and stem the group's growing influence. Drawn upon CIA intelligence and information supplied by other countries, the sanctions are imposed on individuals and groups in the Middle East, Europe, and Asia.

Oct 01, 2015 09:20 AM EDT


Apple launches Apple Music to Chinese consumers

Apple finally unveiled Apple Music, iTunes, Movies and iBooks in China. Apple Music comes with three-month trial period, after which will be accessible for 10RMB a month.

Oct 01, 2015 09:10 AM EDT


Aviation deal on US-Cuba air service likely this year

After decades of gap, the airlink between the US and Cuba is poised for restoration very soon. The officials from both the nations recently concluded their meeting and have decided to hold the discussions again before the end of this year. The US government has already framed new rules enabling American airlines to fly to the Cuba. At present, only chartered flights are operational.

Oct 01, 2015 09:01 AM EDT


Lockheed-Boeing venture ULA bags $882-mn contract

United Launch Alliance (ULA) has bagged a contract worth $882million for launching satellites for the US Air Force with Delta IV and Atlas V rockets. ULA is a joint venture between Lockheed Martin Corp and Boeing Co, The contract is effective from 1 October. ULA is launching its 100th rocket this week.

Oct 01, 2015 08:51 AM EDT


Working Mothers Magazine cited excellent companies for working moms

Working moms should be commended too for their priceless effort and never-ending hard work. That is why these listed companies provide them benefits and policies to keep them well-compensated while still having quality time for their families.

Oct 01, 2015 08:44 AM EDT


The new Google Chromecast has more speed and more power

Google launched two new Chromecast on Tuesday alongside its flagship Nexus smartphone. The Chromecast comes with higher speed and reliability. Google also rolled out the Chromecast for audio during the event.

Oct 01, 2015 03:01 AM EDT


Virgin America ties up with Netflix over on-board entertainment streaming

Virgin America airline announced its tie up with Netflix to deliver an in-flight movie and Internet TV show streaming. Starting today, passengers could enjoy Netflix shows for free until March 2, 2016.

Oct 01, 2015 02:41 AM EDT


Google unveiled two new Nexus flagship smartphones

Google unveils two new Nexus flagship, the LG Nexus 5X and Huawei Nexus 6P. Both smartphones run using the latest Android 6.0 'Marshmallow' together with another latest feature including the Nexus Imprint.

Sep 30, 2015 11:16 PM EDT


Chesapeake Energy Laid off workers, oil price as main reason

Chesapeake Energy joins other energy company such as Haliburton and Schlumberger by laying off workers to stay competitive as oil price getting lower. This is the latest move by the company after it had cut down on the spending and operational cost.

Sep 30, 2015 09:27 PM EDT


Alibaba Group Holding stock drops for 4 months now

Alibaba Group Holdings share continued to skid on New York Stock Exchane for four months in a row. The Chinese economy slowdown, sluggishness in getting new customers and increased market competition are impacting the e-Commerce major. Analysts see uncertainty ahead of the company.

Sep 30, 2015 09:17 PM EDT


Evernote cuts down 47 jobs, closes three global offices

Evernote Corporation CEO Chris O'Neill announced cutting down 47 of its employees. The company shuts down its offices in Moscow, Singapore and Taiwan as well.

Sep 30, 2015 09:01 PM EDT


ComScore to buy Rentrak for $771mn

Data analytics provider ComScore has announced that it would buy Rentrak Corp for $771million in an all stock-deal, which is expected to close in early next year. The combined entity will become a major force in advertisement and television commercials as it sets new standards in measurement system.

Sep 30, 2015 08:57 PM EDT


Volkswagen to fix deceptive engine software in October

Engulfed in an emission scandal, Volkswagen has assured customers that it would refit the vehicles with new enivronment-compliant software in October. The new chief executive has set up a team of experts on action plan and Volkswagen will submit a proposal on technical solutions to regulators and environmental authorities for approval in October.

Sep 30, 2015 08:41 PM EDT


Ford's 2017 Super Duty trucks lighter but stronger and more modern

Ford has unveiled its new addition of Super Duty trucks built it with sturdier and reinforced aluminum bodies. Aluminum body makes it lighter than its predecessors but is stronger and built to last against damages and dents.

Sep 30, 2015 05:10 AM EDT


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