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US economy is growing amidst looming global financial crisis

The current global economic slowdown did have an impact on US economy, but a report suggests that US economy is still growing.

Sep 03, 2015 11:25 PM EDT


Seven tech companies formed an alliance to develop a new standard for open source video format

Netflix, Mozilla, Cisco, Intel, Amazon, Google and Microsoft made an alliance to come up with a new standard for open source, royalty free video format. Reports say this will end video plugins in the Web.

Sep 03, 2015 11:20 PM EDT


Malware for jailbroken iOS devices steal Apple IDs from 225,000 people

Another malware attack on iOS was reported by Palo Alto Networkd over the weekend affecting mostly users from China.

Sep 03, 2015 11:19 PM EDT


HANA Vora, new tool from SAP, helps customers mend data deluge

The new database query tool, HANA Vora, from SAP will enable customers to make a sense of data deluge in more effective way. With this, SAP anticipates to increase its marketshare further. The real challenge for SAP is to convince its customers on end results of the new tool.

Sep 03, 2015 11:16 PM EDT


50% drop in Viacom stock wipes out $16B

Viacom's stock price dropped by over 50% during the past one year. The ratings drop, fall in advertising revenues, forthcoming talks with Dish Network are the major factors that impacted the share price in negative way.

Sep 03, 2015 11:15 PM EDT


Wild swings in China stocks this week

China and Asian market drop again today on U.S drop last night and weak manufacturing data released by Chiese government.

Sep 03, 2015 11:14 PM EDT


Japan inflation falls to zero for third time

Shinzo's Abe government had failed again for the third year in an effort to increase inflation to help takes Japan out of the recession problem.

Sep 03, 2015 11:06 PM EDT


Google Classroom adds a Chrome extension for teacher-student website sharing

Google Classroom offers new feature ahead of new school year to make online learning better. Today, Google announced at its San Francisco office a new feature for their Google Classroom - a Chrome extension.

Sep 03, 2015 11:02 PM EDT


US home lending grows for 5 quarters in a row

Lenders are coming forward to offer loans in the construction sector on low down payment or without down payment also. the latest data shows that construction spending is on the rise. Home lending continued to grow for five quarters in a row.

Sep 03, 2015 10:39 PM EDT


Louis Vuitton hires former Apple executive as digital director

LVMH hires former Apple executive Ian Rogers as digital director. The company is planning to expand their online presence. Ian Rogers is founder of Apple's online radio and has been working with Apple for few years.

Sep 03, 2015 10:38 PM EDT


Tanium’s value doubles at $3.5B in just 5 months

Tanium just obtained a $120 million investment funds led by Institutional Venture Partners and private equity firm TPG.

Sep 03, 2015 9:33 AM EDT


Three crisp sentences that best summarize the current market condition

Jim Reid of Deutsche Bank summarizes the state of the markets in three sentences. Global markets these days have become more and more unpredictable with the US and Chinese stocks' consistent historical upswings and plunges in the past few months.

Sep 03, 2015 9:31 AM EDT