Articles by Staff Writer

China shares recover early losses, other Asian markets up

Chinese shares regained early losses Wednesday amid reports Beijing had been buying shares to support the market. Other markets in Asia were up despite disappointing economic data.

Sep 03, 2015 12:26 AM EDT


Third Generation Nest Learning Thermostat comes with better WiFi connectivity; slimmer design, bigger display

Nest has updated its smart home device. The Learning Thermostat comes with added features as well as a thinner body but with a larger display.

Sep 03, 2015 12:25 AM EDT


Newscred to go beyond content marketing with new $42M fund

Newscred shares plans to develop software for content marketing with its newly raised funds from previous investors.

Sep 03, 2015 12:19 AM EDT


Russia cracks down on foreign internet firms

In a latest move, Russian government came out with a new law that empowers Russia to block foreign internet companies and force them to share data on Russian citizens onto Russian terriroty. Recently, it partially blocked Wikipedia and few other sites.

Sep 03, 2015 12:17 AM EDT


BNY Mellon worked overtime to fix pricing glitch, now back to normal

BNY Mellon’s CEO said they will fix the computer glitch that affected the pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday. Fortunately, it is back to normal now.

Sep 03, 2015 12:14 AM EDT


Instagram adds new messaging, photo and video-sharing features to stay ahead of Snapchat

Instagram added new features to its messaging app to keep up with the young users who are more interested in using Snapchat.

Sep 03, 2015 12:10 AM EDT


Led by US, foreign investors hold 54% of UK stock market

The US investors hold majority share of 46% in the toal foreing ownership of 54% in the UK stock market in 2014, according to a latest data from Office for National Statistics (ONS). Pension funds' share in foreign ownership drastically fell to 3 percent.

Sep 03, 2015 12:09 AM EDT


Florida County okays incentives to space firm Blue Origin

Florida County has approved incentives plan for Blue Origin, promoted by Amazon Chief Executive Jeff Bezos. Blue Origin will get $8mn grant for setting up a rocket manufacturing unit. It'll also launch rockets made its factory. Another space company that got incentives approval earlier is Lockheed Martin corp.

Sep 03, 2015 12:07 AM EDT


Fiat Chrysler to transfer Jeep Cherokee production out of Ohio

Fiat Chrysler Automobiles will move the production of its Cherokee out of its current Toledo, Ohio to prepare for the production of the new redesigned pickup Wrangler.

Sep 03, 2015 12:06 AM EDT


Congress considers CRS proposal to increase social security benefits, retirement security

Congressman Alan Grayson came up with a legislation called “Seniors Deserve a Raise Act” that would give recipients of Social Security an increase for elders, and improve the retirement security.

Sep 03, 2015 12:04 AM EDT


Eric Rosengren hints at gradual rise in rates

Boston Fed President Eric Rosengren opines that low inflation rate would help government keep interest rates at lower level. He also hinted that US Fed might go for interest rate hike in a gradual manner and it might happen now or after few months.

Sep 03, 2015 12:02 AM EDT


Undisclosed paid advocacy made Wikipedia ban 'black hat' accounts

Wikipedia has become a default source of information but with its ‘black hat’ accounts, many are thinking twice if they will still trust the website. A lot of misleading accounts had been banned already because of the incident.

Sep 03, 2015 12:00 AM EDT


Introducing Intel’s Skylake processor

Intel introduces a new line of PC microprocessors they call Skylake today. The chips are designed to bring life back into the slow sales of PCs since smartphones and tablets became more popular.

Sep 02, 2015 11:58 PM EDT


Edenworks greenhouse rooftop yields cheaper and healthier produce

Jason Green co-founded Edenworks, a startup that applies vertical and aquaponics farming. It reduces energy and water supply costs. At the same time, it produces healthier and more flavorful crops.

Sep 02, 2015 11:57 PM EDT


US construction spending at 7-year high

The latest data from the US Commerce Department reveals that construction spending grew 0.7 percent to $1.08 trillion showing seven-year high. the construction spending has been growing for the past eight months continuously.

Sep 02, 2015 11:54 PM EDT


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