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Deutsche Bank 2015 investment plans include tech labs in Silicon Valley, Berlin and London

Deutsche Bank hopes to invest in three "fin-tech" companies before the end of the year. Germany's biggest lending firm, Deutsche Bank is aiming to have three tech labs this year with locations in Berlin, London and Silicon Valley.

Jun 08, 2015 10:25 AM EDT


Drought season coming in fast; Are firefighters ready to face epic fire blazes?

Fire blazes continue to endanger the lives of firefighters each year, that’s why they undergo tough training regularly, including jumping out of an airplane and parachuting into parched bushes as well as other hard exercises that come with the job of being a firefighter.

Jun 08, 2015 10:19 AM EDT


Worldpay set to hire six banks for its £6bn London float

Worldpay, a payment processing company, is set to hire 6 banks to help it seek a £6 billion ($9.22 billion) valuation at the London Stock Exchange listing. The £6 billion ($9.22 billion) valuation could make it the largest initial public offering (IPO) in the UK this year.

Jun 08, 2015 5:12 AM EDT


PicsArt scores $15m from Sequoia and Insight Venture Partners

PicsArt Photo Studio (PicsArt) has raised $15 million in new funding led by Insight Venture Partners and Sequoia Capital. PicsArt has already raised $10 million from Sequoia Capital earlier this year.

Jun 08, 2015 4:53 AM EDT


Yahoo to shut down Maps and other services

California-based Yahoo Inc will be shutting down its maps website and other services at the end of the month. The move comes as Yahoo Inc wants to focus on its search, communications and digital content. Yahoo Inc's Maps were facing intense competition from Google Inc's Maps service.

Jun 07, 2015 11:56 PM EDT


Facebook Lite launched in emerging markets

Facebook Lite launched in Asia. Facebook Lite is designed for Android devices, it will also be released in parts of Latin America, Africa and Europe in the coming weeks.

Jun 07, 2015 11:33 PM EDT


Magic Leap to blend digital and real world

Magic Leap would soon start making a software development kit (SDK) available to interested developers. This means several developers can actually try their hands on SDK to execute their visualization.

Jun 07, 2015 10:04 PM EDT


India launches “Khoya Paya”, a website for missing children

India decides to fight kidnapping by launching "Khoya Paya" , a "lost and found" website for missing children.

Jun 07, 2015 10:59 AM EDT


Hewlett-Packard Split and Rebranding Brings Job Cuts, Shifts to Offshore Jobs

HP's planned split takes effect on November 1st. Transition of company is said to bring a thousand job cuts across its divisions. Plans of shiting to offshore jobs hinted by HP CEO Meg Whitman.

Jun 07, 2015 10:55 AM EDT


Leading Financial Software Firm SunGard Files for IPO

Sungard Financial Systems IPO could offer a $10B value for the company. It continues to expand as it launches its fourth office in Africa - Nairobi, Kenya.

Jun 07, 2015 9:51 AM EDT


Samsung is using Alcoa’s aerospace-grade aluminum to build latest Galaxy phones

Samsung Electronics is using high-strength aerospace-grade aluminium supplied by New York-based lightweight metals company Alcoa. Alcoa is supplying its 6013 Power Plate for the manufacturing of Galaxy S6 and S6 edge phones.

Jun 07, 2015 9:11 AM EDT


Rakuten plans to issue 100 million shares to raise $1.5 billion for debt payment and investment

Rakuten aims to raise $1.5 billion from new shares to be offered in Japan and overseas. The Japanese retail company continues to transform itself to prepare for globalization.

Jun 07, 2015 9:02 AM EDT