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Articles by Staff Writer

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Fashion Website Gilt To Be Sold for $250 Million: Hudson’s Bay is the Prospective Buyer

Gilt is into talks with Hudson’s Bay to sell off its business at $250 million. The value of Gilt group is surely slashed from where it was a couple of years ago. The deal is however yet to be finalized early in the coming year.

Dec 15, 2015 7:54 PM EST

Hotels are turning to AirBNB for renting rooms

People globally use AirBNB to rent out spare rooms or an entire house, but now hotels are also using AirBNB to find customers. AirBNB is preferable over Expedia and Priceline as it charge just 3% fee per reservation. Hotels and hostels situated in Los Angeles, Denver, Chicago, Honolulu are also using AirBNB platform.

Dec 15, 2015 7:46 PM EST

Best Ways to Save Money During the Holiday Season

It is officially a holiday season and also an official month of spending vs. saving. A recent survey found that 57 percent of those who participate in holiday gift-giving began their shopping in early November. This was up from 54 percent in 2014 and 49 percent in 2008. Holiday season does not have to be a financial burden if you plan accordingly and implement effective strategies. To help you save money on holiday shopping I’ve compiled a list of some tips and tricks you can follow to achieve your goal.

Dec 15, 2015 5:25 AM EST

The AnnaBis: The Purse that Hides the Smell of Your Weed Stash

Two women in New Jersey have created the AnnaBis accessory line. The purses and clutches all have liners that mask the smell of weed.

Dec 15, 2015 5:11 AM EST

Apple Opens Secret Laboratory in Taiwan To Develop New Screens

Apple has opened a secret production laboratory in northern Taiwan where engineers are developing new display technologies, according to people with knowledge of the facility. The lab, located in Longtan, has at least 50 engineers and various other employees working to develop iPhone and iPad displays.

Dec 15, 2015 4:59 AM EST

Apple Inc Acquired the San Jose Chip Making Plant for $18.2 Million

The San Jose chip manufacturing facility plant is purchased by Apple Inc. for $18.2 million. The purpose of buying the plot is still not known. Samsung semiconductor is the new neighbor for Apple after this recent purchase.

Dec 15, 2015 4:38 AM EST

China leaves US, Japan behind in patent race

With 928,000 patent applications in 2014, China emerged as the leading country in the patent race, surpassing the US and Japan, which ranked at second and third positions respectively. China's patent applications rose 12.5 percent during the year, the US grew 1.3 percent, while Japan declined by 0.7 percent. The total number of patent applications in 2014 were 2.7 million.

Dec 15, 2015 4:00 AM EST

FAA announced drone registration starts December 21

The FAA has unveiled the drone registration process, which is expected to start on December 21, before the holiday season. The drones purchased after that will have to be registered before their first outdoor flight. However, a large group representing model airplane users are not happy with the move.

Dec 15, 2015 3:59 AM EST

Baidu Self Driving Bus to Hit the Road in Three Years

Baidu Inc., the China Internet giant prepares its self-driving bus to hit the road in the next three years.

Dec 15, 2015 3:54 AM EST

Kia Self Driving Car Will Roam Nevada Road

Nevada public road will see a KIA car without driver roaming the road as the Korean company obtain a license to test its autonomous driving technology.

Dec 15, 2015 3:52 AM EST

Despite BG takeover, Shell to slash jobs

Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.

Dec 15, 2015 3:42 AM EST

Prismatic will shut down its news app for iOS, Android and Web

Prismatic declared that it will no longer be available for iOS, Android, and web news reader products

Dec 15, 2015 3:41 AM EST

Airbus owners reach out future operators for Singapore Airlines’ planes

The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.

Dec 15, 2015 3:36 AM EST

Asian stocks trade lower on thin volumes; Oil below $36/ bbl

Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.

Dec 15, 2015 2:08 AM EST

Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions

The CEO of Renault-Nissan Alliance Carlos Ghosn stated that the electric vehicle is the practical and affordable way to reach the goal of a low carbon economy. The statement follows the COP21 event in Paris that goals to reduce gas emissions that cause climate change.

Dec 15, 2015 2:06 AM EST

West Coast mayors will form consortium to build highway for electric vehicles

The mayors of five West Coast cities held a summit in Portland last week to discuss the ideas to reduce carbon emissions in the cities. The mayors commit to forming a consortium for electric vehicles, to increase the use of EVs in the cities.

Dec 15, 2015 2:04 AM EST

Cotton piles up at warehouses globally

The increasing volumes of global inventories are giving lesser chances for price rise on cotton. However, the cotton output in the US, China and India is expected to be lower this season. Hedge funds are bullish on cotton prices. Cotton has been doing well this year among other commodities. India is expected to be world's largest cotton producer during 2015-16 replacing China.

Dec 15, 2015 2:02 AM EST

Taylor Swift’s World Concert Documentary Launch on Apple Music Exclusively on 20th December, 2015

Taylor Swift gave an excellent gift to her fans by announcing the launch of the Concert documentary on her birthday. She will launch it on Apple Music before Christmas on 20th December 2015.

Dec 14, 2015 11:48 PM EST

The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned

People from all over the world were contemplating if filing a lawsuit against Amazon is justified by NJ Mayor over traffic issues. Surprisingly, within a couple of weeks, NJ Mayor has withdrawn his decision to sue Amazon and clarifies the reason behind his sudden decision change.

Dec 14, 2015 8:50 PM EST

Combating Pollution in China with Smartphone App

Smartphone applications and devices can now be utilized allowing citizens in China in monitoring pollution.

Dec 14, 2015 8:24 PM EST

Jia Yueting's Faraday Future to Build $1 Billion Electric Car Factory in Nevada

Faraday Futures, Tesla strongest competitor will establish its $1 billion plant in Las Vegas. Backed by Chinese media mogul Jia Yueting, the company will reveal its car in CES electronic trade show in January.

Dec 14, 2015 7:06 AM EST

Alibaba Ventures into the Print Media Business Buying The South China Morning Post For Around $262 million

Alibaba buys The South China Morning Post for approximately US$262 million. It is being said that that the business skill of Jack Ma, the founder of the internet giant Alibaba can surely help SCMP grow.

Dec 14, 2015 6:47 AM EST

Australia To Fund Wind Power Again; Turnbull Lifts Abbot's Ban

Australian Prime Minister Malcolm Turnbull has lifted former PM Tony Abbott's ban on government investment on wind power.

Dec 14, 2015 5:17 AM EST

Chemical titans DuPont and Dow Chemical agree $130bn merger

Chemical titans DuPont and Dow Chemical Co agreed to merge in a deal that would value the two companies at $130 billion, leading to more savings and more consolidations.

Dec 14, 2015 5:10 AM EST

BNP Report: Alibaba Can Expand Operations with $38B in 2016

A report from BNP Paribas estimates that Alibaba will have $38 billion to expand their operations next year.

Dec 14, 2015 5:09 AM EST

Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement

Despite the International Monetary Fund endorsement, Rich Chinese men are selling their yuan or Renminbi for other currencies, because they know that the country's economy continues to slow down.

Dec 14, 2015 4:59 AM EST

Women of Color Facing the Worst: Will the Challenges of Retirement Haunt Till Death?

The Women of Color are facing retirement challenges. The measures are being taken to educate them about the financial issues. But the policymakers and researchers must be more active in finding a permanent solution.

Dec 14, 2015 4:52 AM EST

Drone to manned aircraft near-collisions encounter reaches 241 cases

There is an increase of drone to manned aircraft near-collision encounters with 241 new cases according to new study released Friday.

Dec 14, 2015 4:48 AM EST

A Rare Find: 1970 Ford Mustang Boss 429 found in junkyard

Keith Clark found a very rare real 1970 Ford Mustang Boss 429 back in a junkyard back in 1975 and bought it for just two grand.

Dec 14, 2015 4:23 AM EST

Blackberry Backs to Tracks: Forefronts Secured Androids

Blackberry possesses 1% chunk of global smartphone market, but still manages to generate $192 million revenue or 41% of global sales from selling 8,00,000 units in Q2 of FY 2016. Blackberry eyes hefty profits by Q4 of FY16 through its unique security features and those include seeking information on developer’s certificate from the apps to be run in the device, which has recognized Blackberry as the forefront in ensuring secured phones that over rides price competitiveness.

Dec 14, 2015 4:14 AM EST

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