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India world's 7th top nation brand; US, China retain top-2 slots

US, China, Germany, UK, Japan and France are the world's top 'nation brands' in the latest report by Brand Finance. India improved its position by one step making it to the seventh place and a brand value of $2.1bn.

Nov 03, 2015 3:12 AM EST


Japanese auto majors may post encouraging quarterly results

Japanese automobile majors Toyota, Nissan and Honda are upbeat on performance as surges in US sales and weaker Yen are adding to their profits. The market analysts are closely watching second quarter and third quarter results to ascertain future outlook for 2016. The US and China markets account for one-third of total sales of Japanese automobile majors.

Nov 03, 2015 3:11 AM EST


Task force for recreational drone registration convenes

A task force formed by the FAA to recommend rules for registering recreational drones begins a series of meetings this Tuesday. Among members of the task force are representatives from Amazon, Wal-Mart, and Best Buy.

Nov 03, 2015 12:57 AM EST


Fed wants to shield taxpayers when banks go down

US banks will be required to hold enough debt that could be converted into equity if they were to falter soon. This according to a Fed rule that was approved by a unanimous vote on Friday.

Nov 03, 2015 12:55 AM EST


Snapchat introduces another new update

Snapchat is introducing a new set of filters called “Speed Modifiers” for videos shot on both iOS or Android. The new feature let users add slow motion, fast-forward, or rewind effects to a video.

Nov 03, 2015 12:46 AM EST


China factory output again slips, but fall slows down in October

The manufacturing sector's output again fell in October showing a continuous drop for the past eight months in the world's second-largest economy. However, the drop was at a slower pace in October as the marginal recovery in export orders offset further damage.

Nov 03, 2015 12:42 AM EST


Ellie Mae beats expectations on the third quarter revenue as mortgage industry soars

The mortgage processing software company Ellie Mae beats the expected revenue on the third quarter financial report. The company's revenue rose 61% to $68.9 million, higher than analysts expectations of 46% growth.

Nov 03, 2015 12:40 AM EST


Google’s new app allows people to know if you’re “down” to hangout

Google has launched a new app called "Who's Down". The app allows the users to find out people who are available to hang out. The app is available for iOS and Android.

Nov 03, 2015 12:28 AM EST


Apple’s new patent will make an iPhone screen shatterproof

Apple Inc. patents its new technology for mobile's screen protector. The technology will protect the device when it falls by releasing "bumpers" as shock absorbers.

Nov 02, 2015 10:20 PM EST


Finland's Kela will provide basic income for working or non-working Finnish

The Finnish Social Institution, Kela, is coming up with plans to create a basic income model that would guarantee an 800-euro-a-month income for the people whether they work or not.

Nov 02, 2015 10:13 PM EST


China sees greater shift to internet-based enterprises

There's significant business potential in internet-based business as the higher costs of labor and infrastructure are eroding the profitabilit of tranditional enterprises in China. The vast usage of internet and huge population numbers are luring many businesses to set up shop online.

Nov 02, 2015 9:55 PM EST


Daniel Loeb's Third Point picks stake in Seven & I

Daniel Loeb's Third Point LLC has picked stake in Japanese retailer Seven & i Holdings. The size of the deal is expected to be below five percent. The US activist investor Loeb has called for restructuring at the Japanese retailer to increase profitability and shareholder returns, while reducing costs. Seven & i is closing down its underperforming Ito Yodado stores.

Nov 02, 2015 9:41 PM EST