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Articles by Staff Writer

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Samsung Galaxy S7 and S7 Edge are expected to launch in January 2016

Samsung's new smartphones Galaxy S7 and its sibling S7 Edge are reportedly on tests at AT&T network. This leak suggested that the phones will be launched earlier than expected, in January 2016.

Nov 16, 2015 3:20 AM EST

US Fed may hike interest rate in December

The top officials at US Federal Reserve are indicating a possible rise in interest rate in next December meeting if economic data is supportive. On the other hand, the rising dollar and weak global economy are impacting US exports, while easing pressure on imports.

Nov 16, 2015 3:05 AM EST

Alibaba Group may acquire SCMP group

Alibaba Group, a China-based e-commerce major, is said to be in negotiations to acquire SCMP Group, which runs China Daily. Alibaba is investing in media companies.

Nov 16, 2015 3:01 AM EST

Amazon offers great deals through 'Amazon Pantry'

American online retailer Amazon, announced to launch its subscribers based prime scheme. Now the members would be offered the choice of 4000 daily essentials and out of which they can fill up their Pantry box as much as 20 kg for one-day delivery.

Nov 16, 2015 2:39 AM EST

Zuckerberg Explained Facebook's Safety Check Activation after Paris Attacks

Mark Zuckerberg explained the rarely Safety Check tool to enable people marked themselves as safe. Safety Check tools was activated after Islamic States' terrorist attack in Paris.

Nov 16, 2015 1:48 AM EST

Russian GDP shrinks 4.1% in Q3; fall rate eases

Russian GDP fell 4.1% during the third quarter, but it slowed down when compared with the second quarter's drop of 4.6%. The Western sanctions, oil price drop and lower investment activity are taking a toll on the Russian economy. The oil and gas sector is a major contributor to the Russian economy.

Nov 16, 2015 1:16 AM EST

Uber signs multi-year digital mapping deal with TomTom

Uber has signed a global multi-year deal with Dutch mapping company, TomTom. Uber will use maps and traffic data from TomTom on its navigation for Uber drivers.

Nov 15, 2015 10:30 PM EST

Starbucks offers new perks to military veterans

With 5,500 veterans hired to date, Starbucks has surpassed the half-way mark toward its goal. But hiring is only one part of the story. Starbucks is on a mission to help bridge a disconnect between the military and civilians while honoring the service and sacrifice of veterans and military spouses.

Nov 15, 2015 10:00 PM EST

UK Sold Northern Rock Mortgages To US Worth £13bn

The treasury has sold worth £13bn of Rock Mortgages to a US private investment firm in what is being thought to be the biggest ever financial asset sold by the European government.

Nov 15, 2015 6:36 AM EST

McDonald's drops realty, focuses on turnaround plan

McDonald's has dropped the plan of spinning off its real estate assets to Real Estate Investment Trust (REIT) and instead it'll focus on turnaround plan. The hamburger chain is also expanding its restarant network on franchise basis. McDonald's is also changing its menu list and process of products to alure more number of diners. It has also increased dividend payout to shareholders.

Nov 15, 2015 6:18 AM EST

Major oil firms have biggest war chests for takeovers

The top six oil companies have combined warchest of $0.5 trillion to support takeovers. The world's top six oil companies are ExxonMobil, Chevron, BP Plc, Shell, ConocoPhillips and Total. With lions' share of $320 billion funds, ExxonMobil Corp is leading the list ot top oil comanies with huge liqudity in cash and stock.

Nov 15, 2015 6:04 AM EST

Paris-Based Fashion Brands Wants lawsuit to continue against Alibaba

Kaering SA, parent company of brands such as Yves Saint Laurent and Gucci suing Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate.

Nov 15, 2015 5:51 AM EST

Apple’s ‘Liquid Expulsion’ will make your iPhone more water resistant

Apple was recently granted a new patent to make its devices more water resistant. The invention will enable the device to repel water from speaker and microphone cavities.

Nov 15, 2015 5:36 AM EST

Bargain buying creates robust US demand for gold

The August market crash and other adverse conditions in the global economy had created robust demand for the yellow metal in the US. Amercians concerned over market mayhem started buying gold bards and coins boosting the demand growth by a whopping 207 percent. during the third quarter. Equity analysts term it as bargain buying of US investors that pushed god demand spriraling up.

Nov 15, 2015 5:28 AM EST

Pound Fell Against Dollar Before Fed Speakers Could Impose Rate Hike

The pound fell for the first time in four days against the dollar amid speculation. The pound fell without precedent for the first time in four days against the dollar amid speculation Federal Reserve authorities speaking Thursday will set the stage for a U.

Nov 15, 2015 4:42 AM EST

US Lifts Economic Sanctions Against Liberia After Decades

The United States lifted economic sanctions against Liberia on Thursday as Prresident Barack Obama cited the country's tremendous progress and committment to democracy.

Nov 15, 2015 3:38 AM EST

Microsoft Launches Bing's New Testing Tool

Bing announced the release of a new mobile-friendly testing tool, which determines the 'friendliness' of a website on the basis of certain criteria. If the criteria are not met, the website is blocked along with the reasons displayed to correct it.

Nov 15, 2015 2:31 AM EST

Russia's two biggest airlines to combine; Aeroflot to buy Transaero for patriotism rather than profits

Aeroflot to buy its closest competitor Transaero Airlines. To help support other companies in Russia in the middle of a downturn, the government is pushing Aeroflot to take over the new Russian Superjets by Sukhoi.

Nov 14, 2015 10:34 PM EST

Drop in agriculture brings down Hungary economic growth in Q3 below forecast

The Eastern European nation Hungary's economy registered 2.3 percent growth rate during the third quarter and this was less than the forecast of 2.5 percent. The drop in agricultureal output impacted the economy, otherwise it would have been at 3%, according to the Ministry of National Economy.

Nov 14, 2015 10:19 PM EST

Apple's iPad Pro offers professional digital arts experience

The iPad Pro is now available in Apple's stores. Its combination of features and pricing may make the convertible tablet-laptop to be the digital sketchbook of professional artists.

Nov 14, 2015 10:03 PM EST

Fossil Acquire wearable tracker fitness startup Misfit

The wristwatch maker Fossil Group as agreed to buy the fitness wearables company Misfit for $260 million. Fossil Group has its Fossil and Skagen brands, and it licenses a host of others, including Michael Kors, Diesel and DKNY are planning to enter into the fitness market.

Nov 14, 2015 9:55 PM EST

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