After 40 years of business and suffering a downfall during the 1991 recession, Jersey Mike’s has become one of the fastest-growing submarine sandwich chains in the US, with 1,050 stores.

Dec 21, 2015 09:08 PM EST

The Congress passed the $1.15 trillion federal spending bill Friday, which repealed the long-disputed Country of Origin Labelling law.

Dec 21, 2015 09:07 PM EST

Budget legislation closes in on an approval by Congress for an additional $610 million to fight wildfires in 2016, bringing the budget to $1.6 billion.

Dec 21, 2015 09:01 PM EST

Scientiest found significant amount of mercury in the fog surrounding California Coast. The amount is harmless to human but a bad news to food chain.

Dec 21, 2015 08:37 PM EST

Even though Microsoft said earlier in October that the rollout of Windows 10 Mobile to existing Windows Phone 8.1 users would start in December, the company is now delaying the upgrades to early 2016.

Dec 21, 2015 09:13 AM EST

Puerto Rico Electric Power Authority (Prepa) has got more time to work on the restructuring of debt and interest payment. This is for the fourth time Prepa received deadline extension. Prepa is holding discussions with insurance companies to guarantee its debt payment.

Dec 21, 2015 09:10 AM EST

Strengthened by software revenues, BlackBerry was able to reduce is losses during the third quarter. Beating the forecasts, the Canadian company posted a marginal loss of revenues. The timely decision of investment in security and software has been successful in enhancing revenues.

Dec 21, 2015 09:04 AM EST

Toshiba is considering a restructuring plan to overhaul it loss-making businesses. The Japanese electronics major is said to have overstated profits for seven years and now forecast to report $4billion net loss. The company is struggling from the impact of an accounting scandal and may sell some units and stakes in some business.

Dec 21, 2015 09:02 AM EST

The startup Lumoid offers the latest gadgets rental service for affordable prices. Founded in 2013, Lumoid rents a number of latest products including digital cameras, wearable technologies, drones, and audio devices.

Dec 21, 2015 08:57 AM EST

Myanmar Beer Ltd (MBL) is facing stiff competition from foreign brands for its local Myanmar Beer and other four products. Encouraged with robust sales volume, Denmark and Dutch brands are enhancing their brewing capacities in Yangon. Myanmar Beer Ltd is also gearing up to meet the competition and has taken up a restructuring plan. It is focusing on innovation and new products as part of the overhaul exercise to win over new customers.

Dec 21, 2015 08:44 AM EST

Amazon.com Inc is in talks to lease 20 Boeing Co 767 jets in an attempt to expand its delivery operations. Report said that Amazon is aiming to launch its own cargo service.

Dec 21, 2015 08:15 AM EST

GlaxoSmithKline has acquired the HIV research business of Bristol-Myers Squibb for $1.46 billion.

Dec 21, 2015 08:10 AM EST

Samsung is going to launch a new Galaxy S7 with pressure-sensitive touch screen on March 2016.

Dec 21, 2015 08:05 AM EST

Intelligent lighting, an automated mechanism that allows the lights to move and create complicated color effects in a bid to thematic color changes, have driven away traditional lighting systems from the market. The intelligent, networked, sensor laden lights are going to form the central nervous system of every building and eventually approaching towards changing the existing communication modules through adoption of this technology.

Dec 21, 2015 08:04 AM EST

Chinese e-Commerce major Alibaba Group has been served another warning letter by the US Trade Representative Office for selling counterfeit goods. The US officials in a latest report said that several brand owners were complaining about Alibaba Group for selling fake goods online. The US officials warned Alibaba that if it doesn't check the problem, it would be added to list of notorious markets for fakes.

Dec 21, 2015 08:01 AM EST