As part of its restructuring plan, Swiss banking major Credit Suisse is setting up its branch in Ireland. It has received regulatory approval for opening its branch. The bank will move its 100 employees to Dublin from London office. It'll also slash 2,000 jobs.

Dec 21, 2015 08:00 AM EST

Oil price fell further and was trading below $35 a barrel on worsening the oversupply. The latest decision by US Federal Reserve to hike interest rate is also making oil expensive for weaker economies. The surging US dollar is further putting pressure on oil price.

Dec 21, 2015 07:48 AM EST

Apple has launched its new version of Apple TV with Microphone on Remote, introduces Siri.

Dec 21, 2015 07:43 AM EST

LifeLock, the identity theft protection company has to pay $100 million settlement over its false advertising and violation of previous settlement..

Dec 21, 2015 07:27 AM EST

Researchers at the University of Nevada and the University of Arkansas team up to develop a robotic glove-like device that can help the blind to recognize the objects around them. The researchers team received $820,000 of NRI grant to develop this technology.

Dec 21, 2015 06:00 AM EST

A professor at the University of Colorado invented a hat that can fight insomnia. The hat, called Sleep Shepherd, works by slowing brain activity naturally with a pulsating tone that can induce sleep.

Dec 21, 2015 05:57 AM EST

The recent study performed by the CDC researchers found that people who survived from Ebola virus have experienced various illnesses after they have recovered, including hair loss, joint pain, and eye problems.

Dec 21, 2015 05:56 AM EST

The automobile industry leaders and experts have written a letter to California regulator asking it to confine Volkswagen to making of electric vehicles only as a punishment for cheating the customers and violating the US emissions laws. Tesla CEO Elon Musk and others signed the letter. They opine that fixing the software involves lots of money and could also lead to technical problems further.

Dec 21, 2015 05:49 AM EST

James Packer, an Australian billionaire, has left the board of Crown Resorts Ltd as Chairman. Crown Resorts is suffering from a drop in gambling revenues in Macau. Packer will continue as co-Chairman of Crown Resorts. Packer has decided to focus on development projects in the US and Australia.

Dec 21, 2015 03:51 AM EST

The US gasoline average retail price slips below $2 per gallon as oversupply position in the global energy sector continued. The gasoline price at $1.999 per gallon is indicating its lowest in over six years. The US economy is witnessing a rare combination of falling price and rising demand. The recent decision by Opec not to reduce production level is keeping more pressure on global oil price.

Dec 21, 2015 03:47 AM EST

Mars issued allergy alert for its Dove Chocolate Assortment Snowflake on December 18, due to undeclared peanuts, wheat and egg ingredient.

Dec 21, 2015 02:46 AM EST

James Packer’s Consolidated Press Holdings is in speculation that it was going to team up with private equity and take parts of Crown Resorts private. The circulated news cause its share price to soar higher and was query by the Australian Stock Exchange.

Dec 21, 2015 01:25 AM EST

The average home price in London is set to double by 2025, while it's 50% surge in the UK, according to a latest study. The rise in housing prices is impacting consumer spending. The number of property millionaires is rising encouragingly since January. However, the new tax regime has slowed down the rate of growth in Scotland.

Dec 20, 2015 10:08 PM EST

Mistery Santas gave Christmas gifts to Walmart's shoppers in three states by paying off their layaway orders. The total amount of anonymous donations reached $484,000.

Dec 20, 2015 09:51 PM EST

The US Federal Reserve has increased the interest rate by quarter percentage. Will it bring back the economy to normal, asked the economists. Purely linking interest rate hike, inflation and oil price drop doesn't serve the purpose., caution economists. There's also associated risks for emerging markets as well, caution economists.

Dec 20, 2015 09:31 PM EST