Twitter was granted a patent for a tweet-controlled drone officially marking its participation in the drone race. According to the patented description, the drone can be used to take photos and videos that can be shared on user accounts.

Dec 22, 2015 10:06 PM EST

Kazakhstan, Russia and Turkey have been expanding their gold reserves. Kazakhstan continued to buy gold for 38 months in a row. Bullion analysts said that as part of their long-term strategic need, emerging economies are buying gold.

Dec 22, 2015 09:49 PM EST

Anderson Inc and Kinder Morgan Inc have drawn up separate plans for ethanol projects. The demand for ethanol is rising as gasoline consumption is increasing on cheaper prices. It's expected that ethanol blend may surpass the 10 percent blend wall limit in 2016.

Dec 22, 2015 09:43 PM EST

Australia's Department of Industry & Science has lowered price forecast on iron ore for 2016 to $41.30 a metric ton from $51.20. Iron ore is the largest export earner for Australia, The export revenues fell 43 percent in 2015. The oversupply and slump in Chinese commodities market are keeping more pressure on iron ore prices.

Dec 22, 2015 09:37 PM EST

Global insurance giant Chubb (CB) launched a new cyberbullying insurance that will cover as much as $74,600 for wealthy clients across the U.K. and the Republic of Ireland.

Dec 22, 2015 09:34 PM EST

Ericsson has signed patent agreement with Apple over the wireless technology used in iPhones and iPads. The deal meant Apple would make one time payment and ongoing patent royalties payment to Ericsson.

Dec 22, 2015 09:28 PM EST

Martin Shkreli, now a former CEO of Turing Pharmaceuticals was arrested last week for security fraud. Shkreli was known for his notorious hedge fund activities in phamaceutical industry.

Dec 22, 2015 09:16 PM EST

Alibaba Holding hired Matthew Bassiur to remove counterfeit product off its site and maintain Alibaba reputation as a global marketplace.

Dec 22, 2015 09:13 PM EST

Qihoo 360 will delist from New York Stock Exchange after a consortium of buyers agreed to pay its American depository share.

Dec 22, 2015 09:09 PM EST

Wall Street is not worried about Hillary Clinton's proposal of stringent measures. The Democrat Presidential candidate is facing criticism over the contributions received from the Wall Street. Hillary said the donations from securities and investment segment are less than three percent of the total contributions she received.

Dec 22, 2015 08:23 PM EST

Japanese electronics maker Panasonic announced it has agreed to buy the U.S. refrigeration firm Hussmann in a $1.54 billion deal. The deal is expected to close in April 2016.

Dec 22, 2015 10:00 AM EST

In addition to cookies, good coffee and other refreshments, United Airlines is offering an innovative service to its passengers to deal with stress. The airline is keeping trained dogs at seven major airports for its passengers to spend waiting time. Research shows that dogs help people getting out of the stress.

Dec 22, 2015 09:53 AM EST

Amazon German employees have been called out for strike by labor union Verdi. It is the third consecutive year of the strike, aiming to raise pay rates and provision of other benefits. The company's warehouses opened in Poland and Czech Republic provides workers with wages, which is quarter to what earned by German workers.

Dec 22, 2015 09:34 AM EST

The future alternative to the traditional electric utility may emerge first in The East African nation Tanzania. This nation has developed the best system of regulating and spurring off-grid power systems anywhere in the world, according to the annual Climatescope study into energy investment trends in developing nations by Bloomberg New Energy Finance.

Dec 22, 2015 07:55 AM EST

McDonald fell the most in almost five years after a report that says the American fast food chain was looking for investors to offload its stake in the Japanese that's struggling to recover from a series of food scandals. McDonald's Corp., the U.S. parent company, is reportedly looking to gain about 100 billion yen ($825 million) and has asked potential buyers to respond by mid-January.

Dec 22, 2015 07:50 AM EST