Sonos is supporting the Apple Music on Beta version. The ultimate version of the integration is supposed to launch early next year.

Dec 17, 2015 06:49 AM EST

The cigarette smoking has reduced by 55% in last 5 years. This is the first time that the reports showed an increase in daily marijuana consumption outshining cigarettes in the last 4 decades.

Dec 17, 2015 06:17 AM EST

The eCommerce store for Blackberry has launched the special festive holiday promotions starting from 15th December, 2015 afternoon. Grab the last minute gifts for Christmas and New Year from the official Blackberry online store.

Dec 17, 2015 06:14 AM EST

Federal Open Market Committee, policy making body on behalf of Federal Reserve Bank, central bank of the world’s largest economy, has started to approach through a new path after around a decade with announcing its decision to raise short term benchmark by a quarter points. The rate hike will directly affect the short term debt holders while mid and long term borrowers will suffer with its gradual aftermaths.

Dec 17, 2015 04:29 AM EST

Akamai, the global leader in Content Delivery Network (CDN) services, aims to make internet faster and furnishes quarterly matrices on state of internet speed. The third quarter report for the year 2015 addresses the global average internet speed as 5.1 Mbps while only 5.2% internet users are Broadband connected.

Dec 17, 2015 04:26 AM EST

Israel’s Futarom, leading flavor and fine ingredients maker has announced that it is to acquire Austrian savory flavor maker Wiberg for $130 million. Futarom has aimed its sales target to $2 billion by 2020.

Dec 17, 2015 04:21 AM EST

Seattle City has become the first in the nation to pass a bill allowing Uber, Lyft and other ride-hailing services to form unions over pay and working conditions.

Dec 17, 2015 04:07 AM EST

Kleppierre, jointly with Entra has signed a sale and purchase agreement to acquire Oslo Shopping Center. The companies have agreed to buy the shopping center for $578 million.

Dec 17, 2015 04:03 AM EST

South African President Jacob Zuma has decided to reappoint Pravin Gordhan as Financial Minister after removing David van Rooyen from the position. Gordhan will take over this position again which he had held previously for five years. Following this, shares in South Africa’s banking index surged to 15 percent.

Dec 17, 2015 03:54 AM EST

Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.

Dec 17, 2015 03:51 AM EST

The US housing activity rose 10.5 percent in November. The construction activity in the single-family housing touched eight-year high. Builders turned optimistic on the US housing market. The mortgage rates are set to go up after the US Federal Reserve hiking the interest rate.

Dec 17, 2015 03:50 AM EST

Third Avenue Management LLC ("Third Avenue" or the "Adviser"), an investment adviser to private and institutional clients, today announced that the Adviser and the Third Avenue Focused Credit Fund ("FCF") have obtained exemptive relief from the Securities and Exchange Commission ("SEC") to continue to protect shareholders of FCF following modification of the Plan of Liquidation for FCF.

Dec 17, 2015 03:40 AM EST

IMF's board has confirmed that Russia's holding of Ukraine bond is sovereign debt, but not a commercial bond. The due date on payment of Ukraine bond is 20 December. Russia is gearing up to take legal action if Ukraine doesn't pay within a 10-day grace period.

Dec 17, 2015 03:36 AM EST

The U.S. White House decided to delay Boeing 747 order for the new Air Force One upgrade to fiscal 2017. The congressional negotiators provide less than expected spending bill for the presidential aircraft

Dec 17, 2015 03:34 AM EST

Slack Technologies, a Silicon Valley company which owns team communication app Slack announced that it has launched a third-party App Directory aimed at being the de facto source for certified integrations. Slack is also forming an $80 million venture fund to invest in other startup funds. Slack has also reveals that it now has 2 million daily active users, a 16 percent jump from October, when the service had 1.7 million users. It also now has 570,000 paid seats, up from 470,000 two months ago.

Dec 17, 2015 03:30 AM EST