Result Page 7 for Staff Writer

Articles by Staff Writer

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Stentrode to channelize power of mind to move bionic limbs

The Royal Melbourne Hospital is on the verge of a medical breakthrough with its 'Stentrode' - a small, paper-clip-like brain implantation that is said to bring back mobility to paralyzed patients. This cure will eliminate the need of an open brain surgery, and the first clinical trials on human are slated to begin in 2017 in Melbourne.

Feb 10, 2016 8:16 AM EST

Company Acquisition: Microsoft Acquired Music Player App By The Name "Groove"

Months after rebranding Xbox Music and relaunched it by the name Groove, Microsoft acquired a music player app that goes by the same name. The Montreal-based startup agreed to sell the name and technology to Microsoft, but the details are disclosed by both companies.

Feb 10, 2016 8:13 AM EST

Sonos Officially Announced Adding Apple Music Streaming Service to Its System

After launching the public beta version in December, owners of Sonos system will now be able to enjoy Apple music service. The features will be available starting Wednesday morning.

Feb 10, 2016 8:10 AM EST

Customers of MF Global Will Receive $1.8 Billion In Liquidation Case

U.S. Bankruptcy Court of the Southern District of New York on Tuesday ended the liquidation proceeding of the MF Global. Judge Martin Glenn ruled to close the estate of the defunct brokerage and repay the customers $1.8 billion .

Feb 10, 2016 8:07 AM EST

Samsung To Unveil Galaxy S7 And S7 Edge, May Hit Market in March For Around £600

Samsung is probably going to unveil Galaxy S7 and S7 Edge as its new flagship smart phones in the WMC to be held within February 22 to 25. Introduction of Galaxy S6 variants hasn’t become much fruitful for Samsung. But the new S7 variants are widely assumed to bring fortune for Samsung since incorporation of mass desired features.

Feb 09, 2016 9:49 AM EST

Volkswagen's trucks division mulls over IPO, expansion

Volkswagen's heavy truck division is exploring several options for enhancing business growth. The trucks division is studying initial public offer (IPO) plan and acquisition route to achieve higher growth rate. Trucks division is keen on expanding in the US and Chinese markets.

Feb 09, 2016 9:43 AM EST

Advisory Services of Barclays, Credit Suisse and Evercore Fail To Protect Apollo Education From Acquisition

Barclays, Credit Suisse and Evercore have acted as financial advisers to Apollo Education. Despite their advisory efforts, the institution has incurred a loss of $60.8 million during the last concluded fiscal quarter. Finally, Apollo Education has been compelled to go through acquisition for $1.1 billion.

Feb 09, 2016 9:37 AM EST

China Startup: Venture Firm Qiming Received $648 Million in Venture Capital Fund from Princeton University and Duke University

One of China’s biggest venture capital firm, Qiming, secured its fifth US dollar venture capital fund in total of $648 million. The fund will help expand the firm’s investments in Chinese top startups in various sectors such as internet, consumer, technology, healthcare, as well as cleantech.

Feb 09, 2016 9:32 AM EST

Eyeriss: MIT Introduced Chip Capable of Deep Learning Using AI Technology

An MIT research team has introduced a new computer chip, Eyeriss, that will allow IoT devices to go through deep learning process. Data collected by the devices, is currently uploaded to the internet for processing by power servers. Eyeriss chip processes the collected data locally using the neural technology and thus ensures data security and reduces power consumption.

Feb 09, 2016 9:27 AM EST

Adidas Ends IAAF Sponsorship Over Dopping Scandal

The German sportswear and apparel giant ends sponsorship with the International Association of Athletics Federation (IAAF). Adidas decided to terminate the contract because of continuous doping scandal and corruption.

Jan 25, 2016 8:48 AM EST

AmEx to slash cost by $1bn by 2017

Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.

Jan 25, 2016 8:44 AM EST

Ebola Vaccine Will Now Be Available As Gavi Signed $5 Million Deal To Prevent Future Outbreaks, Commits Merck To Keep 300,000 Vaccines Ready

Gavi, a world vaccine alliance, has made a $5 million deal with Merck regarding vaccine supply for future outbreaks. Merck has to provide 300,000 vaccines as a preparation to protect people from the next Ebola crisis.

Jan 25, 2016 8:38 AM EST

3D VR Image Rendered By Google Cardboard Sets A Milestone In The History of Cardiac Surgery

Teegan, a baby girl has born in August with a half heart and single lung in a Minnesota hospital. The baby has showed strength of her life through remaining alive after 2 months diminishing doctors’ predictions which prompted her parents to contact Dr Remond Burke, chief of cardiovascular surgery at the Miami hospital. He and a team of 30 doctors and nurses have conducted a 7 hour long surgery through 3D image generated by Google Cardboard. The baby is safe after four weeks and now hopes to go home after next two weeks.

Jan 25, 2016 8:35 AM EST

Google Deals With HMRC To Pay Back Taxes of £130 Million To The UK, France Probably The Next Claimant

HMRC has been conducting multiyear investigation to unearth Google’s tax dodging events. Though denied earlier, a Google spokesperson has narrated a deal with the Britain’s tax authority to pay taxes of £130 million due for over a decade. The deal is significant since many countries around the globe are conducting scrutiny to ascertain dodged tax amounts of Google and other multinationals. Investigations in accordance with OECD guidelines may also help France to establish its claim for $1 billion as unpaid taxes.

Jan 25, 2016 8:33 AM EST

Hillary Clinton Gets Endorsement From Boston Globe, Praising Her For Her Concern On Gun Control And Immigration Issues

The Boston Globe has endorsed Hillary Clinton in the Democratic presidential nomination. The newspaper praises Mrs. Clinton for her concern in the gun control and immigration issues. This endorsement is one of the other two endorsements she has obtained earlier.

Jan 25, 2016 8:30 AM EST

Takata to meet major customers to discuss business forecasts

Takata Corp is reportedly planning to meet its major clients in order to discuss its business forecasts. The US transport authorities announced a fresh recall of about 5 million vehicles subsequent to the recent death caused by the Japanese firm's airbag inflators.

Jan 25, 2016 8:28 AM EST

Part of Saudi Aramco’s Shares May Be Offered For International Investors

Aramco is the largest known oil producer in the world with a daily production of 10.25 MMbpd. KSA authority has increased feedstock prices to narrow down its budgetary deficits and also increases daily production rate to cope with the soaring demands. Now it is in efforts for Aramco’s listing for IPOs. If listed, Aramco will be the world’s first corporate entity with asset value of more than $1 trillion.

Jan 25, 2016 8:25 AM EST

Deezer raises $109 million despite cancelling its IPO plan

Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.

Jan 21, 2016 8:08 PM EST

AMD to release Polaris GPU in 2016

AMD said that it expects Polaris architecture based GPUs to begin shipments in the middle of 2016. According to the reports one version of Polaris GPU is aimed for light and thin laptops as well as entry-level desktops, while the other is designed for high performance.

Jan 21, 2016 8:04 PM EST

Global fears prevent US Fed from rate hike plan

The adverse conditions in the global economy and weaker stocks on Wall Street may prevent the US Federal Reserve from going for a rate hike again. Some analysts forecast four more rate hikes in 2016, while Reuters' poll indicate three times hike this year. The slump in commodities, weaker global markets, slowdown in China's economy and lower oil prices are causes of concerns for the US Fed as these are upsetting the Wall Street.

Jan 21, 2016 7:58 PM EST

Freshii to Help Consumers Through 'These Dark Hours' as Chipotle Closes Stores Nationwide for Employee Meeting

Chipotle will close their stores across the country on February 8 for a few hours so that corporate officials can discuss the new steps the company is taking about food safety. The chain has been hit by frequent outbreaks of food-borne illnesses in the past year, with the cause not yet announced.

Jan 21, 2016 7:53 PM EST

Space Gardening: A flower blooms in International Space Station for the first time

Previously, an experiment team of a space gardening project called Veggie has also succeeded planting consumable lettuce. The flower bloom is a remarkable step forward to a more advanced technique and choice of plants to grow in space. The project was established because NASA seeks to learn how astronauts can grow their own food in space to sustain long-term space journey.

Jan 21, 2016 7:40 PM EST

For Chinese Consumers, Oil Prices Halted At $40 Per Barrel Will Not Cut Down The Fuel Prices

The cutting down of the global crude oil in the world has not really influenced the Chinese consumers' retail fuel prices. The price remains the same as long as the price does not touch %40 per barrel.

Jan 21, 2016 7:31 PM EST

Twitter: Australia launched a new koala emoji to celebrate Australia Day

The emoji features a koala wearing a pair of sunglasses, and will appear automatically when a user tweets using the hashtag #AustraliaDay. An event on Tuesday marks the opening of the digital celebration one week prior to the national holiday on January 26. Australian netizens are also encouraged to tweet their stories and views on the holiday.

Jan 21, 2016 7:28 PM EST

YouTube Announces HDR Support

YouTube has announced support for inclusion of the HDR technology to the streaming of its videos. The HDR technology will improve quality of the streaming in terms of quality. And that means colors and contrasts and details will come through in a better way. For YouTube users that would mean the videos that they upload would come across with greater quality. The announcement for HDR support was made by YouTube Chief Business Officer Robert Kyncl at CES in Las Vegas on 5th Jan 2016 where 3500 exhibitors showed their latest products and services with 150 000 attendees.

Jan 13, 2016 3:38 AM EST

Battle of Smartphone Watches : Apple's Mickey Mouse vs Samsung's Snoopy

Samsung is gearing to do battle with Apple in the smartwatch market. Samsung unveiled two new colors for its new Gear S2 smartwatch namely, rose-gold and platinum. Designer Colombo working for Samsung has included classic characters from Snoopy to match Apple's Mickey Mouse.

Jan 12, 2016 7:07 AM EST

Samsung Gear S2 Watch Would Eventually Work With iPhones

Samsung Gear S2 for now only works with Android phones but Samsung is going to take a step further - maybe later this year to open their Gear S2 to make it compatible with devices that use Apple's Operating System software. This would allow iPhone owners to own a Samsung GearS2 watch to make calls, send text and receive notification. The statement that GearS2 would be made compatible with iPhone and other devices that use iOS came at CES Las Vegas on 5 January 2016.

Jan 12, 2016 7:02 AM EST

North Korean Nuke Testing and Oil Price Fall Plunges Dow Jones in First Week of 2016

Rising global concerns in first week 2016 including North Korean nuke testing, fall in oil prices, sluggishness of Chinese economy, middle east tension, reservation by Federal Reserve to raise interest rates plunged Dow Jones. Markets in Europe and Asia fell as well.

Jan 12, 2016 7:00 AM EST

Martin Shkreli's $5 Million Bail Was Secured With His E-Trade Account

Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-Trade account.

Jan 11, 2016 6:58 AM EST

Dense Fog Halts Delhi Airport For 6 Hours, Further Deterioration Feared

Delhi residents have been witnessing chilling cold, drizzling and heavy fog. The Fog is so dense that visibility range has been reported to remain around 75 meters during 10 am to 4 pm. Despite adopting highest ILS, CAT IIIB, air movement has been kept stalled for around 6 hours. According to IGIA met office partly thundery weather may prevail on Sunday next.

Jan 11, 2016 6:43 AM EST

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