The US Federal Reserve Chair Janet Yellen said she expects interest rate hike this year. The improvement in labor market is the prime reason that give much comforatble level for Fed to take a decision on raising rates. She also expressed her hope that inflation rate will reach to the government's target. the uncertainty over interest rates is causing weakness in the financial markets, she said.

Sep 25, 2015 07:36 AM EDT

US-based telecom equipment provider Motorola Solutions is keen on cost cutting drive to enhance profitability of the company. The pressure on sales and market competition are impacting the company's performance. The continuous drop in gross margins is worrying the comapny.

Sep 24, 2015 09:25 PM EDT

Apple just released a major update for its latest iOS 9 today, a week after around half of its users failed to update their devices due to a major bug problem. The update will fix not only "Slide to Upgrade" issue but also other problems reported by users that have been using the latest iOS.

Sep 24, 2015 09:18 PM EDT

Greek Prime Minister Alexis Tsipras appoints the same people for his new economic team that would handle the biggest modern world crisis.

Sep 24, 2015 09:08 PM EDT

Crowdfunding is the next wave of raising money to make startups and projects come true for entrepreneurs and Forbes gives a list of the top crowdfunding sites out there.

Sep 24, 2015 08:54 PM EDT

When the market is flat, investors need to bepatient until it gets momentum upwards, advise investment managers. Majority of investors turn panic when markets are nosediving and offload their stocks at worst price. Some investors tend to just be spectators of the market rise. They don't take any action missing the profit booking opportunity.

Sep 24, 2015 08:47 PM EDT

Having a baby is very expensive and it would be wise to get the smartest tips on how to navigate your way through budgeting for your spending as a new parent.

Sep 24, 2015 08:41 PM EDT

Job and career website Glassdoor reported 20 active job listings that have undergone 3 to 10 percent salary increase from 2014 to 2015.

Sep 24, 2015 08:37 PM EDT

Facebook may monetize how customers connect with businesses through its new Messenger app.

Sep 24, 2015 08:42 AM EDT

Instagram had reached 400 million users with 80 million shared photos a day. The Facebook-owned company announced it on Tuesday.

Sep 24, 2015 08:21 AM EDT

OPM changes its statement saying that some 5.6 million fingerprints were stolen by hackers when they attack the agency last spring instead of 1.1 million. The stolen data involved U.S government officials including from Defense Department.

Sep 24, 2015 08:12 AM EDT

The Securities and Exchange Board of India (Sebi) has imposed a hefty penalty of $1.1B on real estate firm PACL Ltd for illegally raising money from the public- the highest fine on any company so far. The New Delhi-based real estate firm has to complete the payment of fine within 45 days.

Sep 24, 2015 08:03 AM EDT

California-based cloud security firm Zscaler has closed $110-mn round of financing. It recently secured $25mn from Google Capital. After the latest round of financing, the estimated value of the company is pegged at $1bn. Zscaler is planning to public soon.

Sep 24, 2015 07:48 AM EDT

Martin Winterkorn's contract as VW CEO extends until 2018 as agreed upon by the VW's supervisory board despite the controversial emissions scandal. This Friday was the scheduled formal approval.

Sep 24, 2015 07:41 AM EDT

The latest scandal of Volkswagen in rigging emission norms results is rocking the Germany business and political factors. Volkswagen has taken up crisis management measures and its CEO Martin resigned and many more to follow the suit. The US environment protection agency may slap a hefty fine of $18bn on Volkswagen if its role in manipulating emission results is proved.

Sep 24, 2015 03:18 AM EDT