Fashion Website Gilt To Be Sold for $250 Million: Hudson’s Bay is the Prospective Buyer
Gilt is into talks with Hudson’s Bay to sell off its business at $250 million. The value of Gilt group is surely slashed from where it was a couple of years ago. The deal is however yet to be finalized early in the coming year.
Dec 15, 2015 7:54 PM EST
Apple Inc Acquired the San Jose Chip Making Plant for $18.2 Million
The San Jose chip manufacturing facility plant is purchased by Apple Inc. for $18.2 million. The purpose of buying the plot is still not known. Samsung semiconductor is the new neighbor for Apple after this recent purchase.
China leaves US, Japan behind in patent race
With 928,000 patent applications in 2014, China emerged as the leading country in the patent race, surpassing the US and Japan, which ranked at second and third positions respectively. China's patent applications rose 12.5 percent during the year, the US grew 1.3 percent, while Japan declined by 0.7 percent. The total number of patent applications in 2014 were 2.7 million.
Baidu Self Driving Bus to Hit the Road in Three Years
Baidu Inc., the China Internet giant prepares its self-driving bus to hit the road in the next three years.
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Kia Self Driving Car Will Roam Nevada Road
Nevada public road will see a KIA car without driver roaming the road as the Korean company obtain a license to test its autonomous driving technology.
Dec 15, 2015 3:52 AM EST
Despite BG takeover, Shell to slash jobs
Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.
Dec 15, 2015 3:42 AM EST
Prismatic will shut down its news app for iOS, Android and Web
Prismatic declared that it will no longer be available for iOS, Android, and web news reader products
Dec 15, 2015 3:41 AM EST
Airbus owners reach out future operators for Singapore Airlines’ planes
The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.
Dec 15, 2015 3:36 AM EST
Asian stocks trade lower on thin volumes; Oil below $36/ bbl
Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.
Dec 15, 2015 2:08 AM EST
Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions
The CEO of Renault-Nissan Alliance Carlos Ghosn stated that the electric vehicle is the practical and affordable way to reach the goal of a low carbon economy. The statement follows the COP21 event in Paris that goals to reduce gas emissions that cause climate change.
Dec 15, 2015 2:06 AM EST
West Coast mayors will form consortium to build highway for electric vehicles
The mayors of five West Coast cities held a summit in Portland last week to discuss the ideas to reduce carbon emissions in the cities. The mayors commit to forming a consortium for electric vehicles, to increase the use of EVs in the cities.
Dec 15, 2015 2:04 AM EST
Cotton piles up at warehouses globally
The increasing volumes of global inventories are giving lesser chances for price rise on cotton. However, the cotton output in the US, China and India is expected to be lower this season. Hedge funds are bullish on cotton prices. Cotton has been doing well this year among other commodities. India is expected to be world's largest cotton producer during 2015-16 replacing China.
Dec 15, 2015 2:02 AM EST
Taylor Swift’s World Concert Documentary Launch on Apple Music Exclusively on 20th December, 2015
Taylor Swift gave an excellent gift to her fans by announcing the launch of the Concert documentary on her birthday. She will launch it on Apple Music before Christmas on 20th December 2015.
Dec 14, 2015 11:48 PM EST
The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned
People from all over the world were contemplating if filing a lawsuit against Amazon is justified by NJ Mayor over traffic issues. Surprisingly, within a couple of weeks, NJ Mayor has withdrawn his decision to sue Amazon and clarifies the reason behind his sudden decision change.
Dec 14, 2015 8:50 PM EST
Combating Pollution in China with Smartphone App
Smartphone applications and devices can now be utilized allowing citizens in China in monitoring pollution.
Dec 14, 2015 8:24 PM EST
Alibaba Ventures into the Print Media Business Buying The South China Morning Post For Around $262 million
Alibaba buys The South China Morning Post for approximately US$262 million. It is being said that that the business skill of Jack Ma, the founder of the internet giant Alibaba can surely help SCMP grow.
Dec 14, 2015 6:47 AM EST
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