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Articles by Staff Writer

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LG lines up new mobile devices to push sales volume

After witnessing flat sales in mobile devices in the second quarter, LG Electronics has decided to launch a series of new smartphones from low end to mid-range to high-end segments. By launching new mobiles continuously, LG hopes to improve sales performance.

Oct 02, 2015 4:46 AM EDT

FAA is worried over 1 million drones to be sold this Christmas

Around 1 million drones are expected by the FAA to be sold this holiday season. The authorities fear it could have been misused.

Oct 02, 2015 2:32 AM EDT

Lack of clarity over US data put pressure on Asian stocks

The uncertainty over US data and timing of interest rate hike put further pressure on Asian stocks. Investors are looking to US jobs data to be announced on Friday for positive triggers that can boost the markets.

Oct 02, 2015 2:28 AM EDT

Wall Street suffers worst quarter since 2011

The third quarter ending September recorded worst performance on Wall Steet since 2011 as Dow Jones and other indices fell over 10 percent. Market analysts say that it was a much-needed correction for the US stocks after continuously rose for 1,326 days.

Oct 02, 2015 2:04 AM EDT

Samsung Gear S2 smartwatch will be available soon

Samsung will released its latest smartwatch the Gear S2 in October 2nd. The new smartwatch comes with a clever design that helps users to choose apps on the screen in a more efficient way.

Oct 02, 2015 2:02 AM EDT

SoftBank invests $1bn in US fintech startup SoFi

the US startup SoFi has received a $1bn funding support from SoftBank GroupCorp. The online provider of financial services SoFi is planning expand its product offerings. It offers student refinance, mortgage, etc.

Oct 01, 2015 10:26 PM EDT

Glencore to complete 2 deals to slash down debt

commodities trader and miner Glencore has assured its investors that it's well on track to reduce debt by $10bn. The company is planning to sell some stake in agricutural land and forge an agreement on selling by-products. These two deals are expected to be comple by end of this year or early next year. Barclays' analysts forecast that there may not be downgrade of credit rating for Glencore. However, investors are concerned about future peformance of Glencore and as a results, stock price is plummeting.

Oct 01, 2015 10:06 PM EDT

Latest Mac OS, The El Capitan is here

Apple released an upgrade for its OS, the El Capitan as their latest OS X flagship which is considered as the best operating system by the company. There is some notable feature in the latest OS and users can download it from the app store for free.

Oct 01, 2015 9:59 PM EDT

Rising China spoiling party between the US and Japan

The 70th founding celebrations of US held in New York clearly demonstrated the rising power China in the global matters and diminishing importance of Japan. Shinzo Abe, Japan President, couldn't meet Barack Obama, President of the US, and this raised many eyebrows. The US media also highlighted the Xi Jinpings schedule, while it didn't bother about the speeches and presentations made by Abe.

Oct 01, 2015 9:54 PM EDT

Twitter plans to revamp its 140-character limit

Twitter is planning to take off its character limit to attract more users. Some reports say Twitter might create a separate app for longer posts.

Oct 01, 2015 9:46 PM EDT

Aussie friends can now locate their mates using Facebook's Nearby Friends

It's time for Aussie Facebook users to shine as the popular platform brings them Nearby Friends feature. It allows users to locate the position of their nearby friends by creating a map with the exact location if one prefers and vice versa.

Oct 01, 2015 9:41 PM EDT

$57 million loan to fund the Renatosu Soma Solar Park

A solar farm will soon rise in Fukushima Prefecture in Soma City, Japan and will be funded by lenders and banks including Sendai-based 77 Bank and Mitsubishi UFJ. This a commitment reaffirmed by 77 Bank to invest in renewable energy aside from reconstructing and developing the economy.

Oct 01, 2015 9:40 AM EDT

US freezes assets of Islamic State supporters

The United States freezes the assets of Islamic State supporters to restrict their activities and stem the group's growing influence. Drawn upon CIA intelligence and information supplied by other countries, the sanctions are imposed on individuals and groups in the Middle East, Europe, and Asia.

Oct 01, 2015 9:20 AM EDT

Apple launches Apple Music to Chinese consumers

Apple finally unveiled Apple Music, iTunes, Movies and iBooks in China. Apple Music comes with three-month trial period, after which will be accessible for 10RMB a month.

Oct 01, 2015 9:10 AM EDT

Aviation deal on US-Cuba air service likely this year

After decades of gap, the airlink between the US and Cuba is poised for restoration very soon. The officials from both the nations recently concluded their meeting and have decided to hold the discussions again before the end of this year. The US government has already framed new rules enabling American airlines to fly to the Cuba. At present, only chartered flights are operational.

Oct 01, 2015 9:01 AM EDT

Lockheed-Boeing venture ULA bags $882-mn contract

United Launch Alliance (ULA) has bagged a contract worth $882million for launching satellites for the US Air Force with Delta IV and Atlas V rockets. ULA is a joint venture between Lockheed Martin Corp and Boeing Co, The contract is effective from 1 October. ULA is launching its 100th rocket this week.

Oct 01, 2015 8:51 AM EDT

Working Mothers Magazine cited excellent companies for working moms

Working moms should be commended too for their priceless effort and never-ending hard work. That is why these listed companies provide them benefits and policies to keep them well-compensated while still having quality time for their families.

Oct 01, 2015 8:44 AM EDT

The new Google Chromecast has more speed and more power

Google launched two new Chromecast on Tuesday alongside its flagship Nexus smartphone. The Chromecast comes with higher speed and reliability. Google also rolled out the Chromecast for audio during the event.

Oct 01, 2015 3:01 AM EDT

Virgin America ties up with Netflix over on-board entertainment streaming

Virgin America airline announced its tie up with Netflix to deliver an in-flight movie and Internet TV show streaming. Starting today, passengers could enjoy Netflix shows for free until March 2, 2016.

Oct 01, 2015 2:41 AM EDT

Google unveiled two new Nexus flagship smartphones

Google unveils two new Nexus flagship, the LG Nexus 5X and Huawei Nexus 6P. Both smartphones run using the latest Android 6.0 'Marshmallow' together with another latest feature including the Nexus Imprint.

Sep 30, 2015 11:16 PM EDT

Chesapeake Energy Laid off workers, oil price as main reason

Chesapeake Energy joins other energy company such as Haliburton and Schlumberger by laying off workers to stay competitive as oil price getting lower. This is the latest move by the company after it had cut down on the spending and operational cost.

Sep 30, 2015 9:27 PM EDT

Alibaba Group Holding stock drops for 4 months now

Alibaba Group Holdings share continued to skid on New York Stock Exchane for four months in a row. The Chinese economy slowdown, sluggishness in getting new customers and increased market competition are impacting the e-Commerce major. Analysts see uncertainty ahead of the company.

Sep 30, 2015 9:17 PM EDT

Evernote cuts down 47 jobs, closes three global offices

Evernote Corporation CEO Chris O'Neill announced cutting down 47 of its employees. The company shuts down its offices in Moscow, Singapore and Taiwan as well.

Sep 30, 2015 9:01 PM EDT

ComScore to buy Rentrak for $771mn

Data analytics provider ComScore has announced that it would buy Rentrak Corp for $771million in an all stock-deal, which is expected to close in early next year. The combined entity will become a major force in advertisement and television commercials as it sets new standards in measurement system.

Sep 30, 2015 8:57 PM EDT

Volkswagen to fix deceptive engine software in October

Engulfed in an emission scandal, Volkswagen has assured customers that it would refit the vehicles with new enivronment-compliant software in October. The new chief executive has set up a team of experts on action plan and Volkswagen will submit a proposal on technical solutions to regulators and environmental authorities for approval in October.

Sep 30, 2015 8:41 PM EDT

Ford's 2017 Super Duty trucks lighter but stronger and more modern

Ford has unveiled its new addition of Super Duty trucks built it with sturdier and reinforced aluminum bodies. Aluminum body makes it lighter than its predecessors but is stronger and built to last against damages and dents.

Sep 30, 2015 5:10 AM EDT

Founder and CEO Ralph Lauren steps down; appoints Stefan Larsson as successor

Founder-designer Ralph Lauren quit the role of the Ralph Lauren Corporation's CEO. He appoints Stefan Larsson for the position. Lauren will still remain as chief creative officer and executive chairman.

Sep 30, 2015 5:05 AM EDT

Yahoo to spin off Alibaba stake even without tax-free guarantee

Yahoo is pushing ahead with its plan to spin off its stake in Alibaba despite lacking a guarantee from the IRS that it would be tax-free. The Web search company has been facing mounting pressure to spin off its Alibaba stake, whose value has almost halved this year.

Sep 30, 2015 5:03 AM EDT

Castro knocks out U.S. trade embargo at UN

For the first time Cuban president, Raul Castro spoke and addressed UN officials to help lift the embargo placed to his country by United States since 1960. He stressed that is the main obstacle for Cuba's progress.

Sep 30, 2015 4:50 AM EDT

Online lender Avant Inc raises $659mn from JPMorgan, PE firms

Online lender Avant Inc has raised $325mn in a latest round of funding from PE firms including JPMorgan & Chase. The start-up will use the mobilized funds to expand globally. It offers loans to customers, who're below price consumers. The interest rate varies from 9% to 36%.

Sep 30, 2015 4:49 AM EDT

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