The 2016 began on a competitive note for fast food chains. Burger King, McDonald's and Pizza Hut have rolled out new value menus. Burger King has launched 5 for $4 deal to attract more number of consumers. McDonald's unveiled McPick 2 for $2, while Pizza Hut has also rolled out $5 Flavor Menu.

Jan 06, 2016 03:13 AM EST

Yahoo has closed down its video content service Yahoo Screen. The US traffic to Yahoo Screen fell 28 percent during the past two years. As the ad revenues didn't take off, Yahoo has written down $42 million on Yahoo Screen.

Jan 06, 2016 03:07 AM EST

A voice guided GPS navigation system is going to be installed in vehicles equipped with Subaru StarLink platform. The navigation app is fully voice guided and is believed to reduce driving risks. Moreover, the associated app RightTrack will provide real-time driving assessment and coaching for Subaru owners based on their actual driving behavior. The Subaru Starlink app has been designed to support both Apple iOS and Android smartphones.

Jan 06, 2016 03:01 AM EST

A consortium backed by Google will start to replace old public telephone booth with a free WiFi kiosks starting today in New York. According to the plan, a total of 7,500 free WiFi kiosks will be installed through out New York when the project is completed.

Jan 06, 2016 02:43 AM EST

After the separation, Fiat Chrysler is focusing on its €48-billion investment plan to 2018. It'll also revamp its brands Alfa Romeo, Jeep and Maserati. Ferrari made its debut trading in Milan after listing on Wall Street in October 2015. Analysts opine the road ahead for Ferrari may not be smooth as the capital intensive car maker with small volume can sustain the high valuations.

Jan 06, 2016 01:28 AM EST

Another incident of hoverboard that caught fire occurred. This time a hoverboard erupted in flames while charging in a house in Australia.

Jan 06, 2016 12:12 AM EST

Former female prison teacher who was attacked and raped by inmate received $3 million settlement. The attacker was a convicted sexual offender and the teacher was left alone in a classroom with him.

Jan 05, 2016 11:02 PM EST

Beijing environmental authorities reported that Beijing's air quality in 2015 was better compared to 2014 despite the city's first two red alerts for pollution. Besides that, Beijing also reported a total of 186 days with air quality meeting the national standard for 2015.

Jan 05, 2016 10:48 PM EST

Boeing Co has bagged $855-mn contract from the US Air Force. Boeing will offer avionic component integration and contractor logistics support for T-38C aircraft. The duration of the contract is 10 years and works are scheduled for completion by January 2026.

Jan 05, 2016 08:10 PM EST

Volkswagen, has been forced to face civil lawsuit on Monday allegedly due to deliberately violating Clean Air Act. After being caught by the regulator in September, VW has admitted installing software that is designed to trick regulators while undergoing official tests. However, if proves guilty, VW may count penalty up to $18 billion and face other criminal charges in the US as well as other parts of the globe.

Jan 05, 2016 07:52 PM EST

Korean electronic giant, LG is to display its paper-thin OLED screen in CES. Its new flexible display technology is a a flexible and rollable screen.

Jan 05, 2016 07:47 PM EST

Intel has announced acquiring German drone maker, Ascending Technologies on Monday. All the existing 75 employees of the latter concern are going to be offered position in the new dynasty. Not only that, Intel has also pledged commitments to extend support to the existing customers of the acquired entity.

Jan 05, 2016 07:36 PM EST

General Motors announced that it had unanimously elected Mary Barra as its next chairman, effective immediately. Barra succeeds Theodore Solso who will be retiring but will continue serving as the Board’s Lead Independent Director.

Jan 05, 2016 07:29 PM EST

The year 2016 may witness encouraging employment generation, but moderate salary rise. The inflation rise will erode the salary rise benefits. India and the UAE may record robust job growth rate. IT, app economy, retail and BFSI sectors to lead emplyment generation of about 3.5 million in India. Dubai Expo-2020 may play a key role in jobs growth rate in the UAE.

Jan 05, 2016 04:07 AM EST

Oklahoma's oil and energy regulator has ordered injection well operators to reduce wastewater disposal. The state suffered about a dozen earthquakes in less than a week. The regulator has started implementing an action plan for injection wells located in the area that was hit by earthquake.

Jan 05, 2016 03:55 AM EST