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Weakened Yuan Triggers Drop in Futures and Stocks in U.S., Europe and Asia

Yuan that keeps weakening have dropped Asian stocks dropped and plunge of futures in Europe and U.S.. On Wednesday trading Yuan hit five year low against US dollar.

Jan 06, 2016 8:07 PM EST


Oakley Glasses: Intel’s Radar Pace Empowered Athletic Smart Glasses

Intel’s Radar Pace Technology has been successfully incorporated in Oakley branded smart glasses, are capable of analyzing athletic performances and coaching thereto. The glasses have been represented before the audience of Consumer Electronics Show, 2016. Unlike Google Glass, the Radar Pace technology instructs the wearer doing everything just by talking.

Jan 06, 2016 7:52 AM EST


Electric Microbus: Diesel gate Riddled Volkswagen’s Image Recovery Stunt

Diesel gate controversy embattling Volkswagen has initiated implementing eco-friendly projects ahead of loosing share value. Volkswagen has revealed its bold step to go for producing an eco-friendly microbus, powered by electricity, in the Consumer Electronics Show. Batteries of the vehicle may be charged fully by only 20 minutes and capable of serving as a home power unit.

Jan 06, 2016 3:44 AM EST


Samsung Presents Smart Fridge That Can Order Groceries

Samsung introduces its smart fridge in CES 2016 that starts this week. The Samsung Family Hub refrigerator can order groceries for you.

Jan 06, 2016 3:18 AM EST


Burger King’s 5 for $4 deal to beat competition

The 2016 began on a competitive note for fast food chains. Burger King, McDonald's and Pizza Hut have rolled out new value menus. Burger King has launched 5 for $4 deal to attract more number of consumers. McDonald's unveiled McPick 2 for $2, while Pizza Hut has also rolled out $5 Flavor Menu.

Jan 06, 2016 3:13 AM EST


Yahoo logs off video service Yahoo Screen

Yahoo has closed down its video content service Yahoo Screen. The US traffic to Yahoo Screen fell 28 percent during the past two years. As the ad revenues didn't take off, Yahoo has written down $42 million on Yahoo Screen.

Jan 06, 2016 3:07 AM EST


GPS Navigation Featured Subaru Vehicles Pledge For Voice Guided Navigation

A voice guided GPS navigation system is going to be installed in vehicles equipped with Subaru StarLink platform. The navigation app is fully voice guided and is believed to reduce driving risks. Moreover, the associated app RightTrack will provide real-time driving assessment and coaching for Subaru owners based on their actual driving behavior. The Subaru Starlink app has been designed to support both Apple iOS and Android smartphones.

Jan 06, 2016 3:01 AM EST


Fiat shares slid after Ferrari parts ways with it

After the separation, Fiat Chrysler is focusing on its €48-billion investment plan to 2018. It'll also revamp its brands Alfa Romeo, Jeep and Maserati. Ferrari made its debut trading in Milan after listing on Wall Street in October 2015. Analysts opine the road ahead for Ferrari may not be smooth as the capital intensive car maker with small volume can sustain the high valuations.

Jan 06, 2016 1:28 AM EST


Boeing bags $855-mn contract for T-38C logistics support

Boeing Co has bagged $855-mn contract from the US Air Force. Boeing will offer avionic component integration and contractor logistics support for T-38C aircraft. The duration of the contract is 10 years and works are scheduled for completion by January 2026.

Jan 05, 2016 8:10 PM EST


LG to Display Its Roll-Up Flexible OLED Screen in CES 2016

Korean electronic giant, LG is to display its paper-thin OLED screen in CES. Its new flexible display technology is a a flexible and rollable screen.

Jan 05, 2016 7:47 PM EST


After Qualcomm, Intel Dives Into Drone Through Acquiring Former Partner, Ascending Technologies

Intel has announced acquiring German drone maker, Ascending Technologies on Monday. All the existing 75 employees of the latter concern are going to be offered position in the new dynasty. Not only that, Intel has also pledged commitments to extend support to the existing customers of the acquired entity.

Jan 05, 2016 7:36 PM EST


GM announces Mary Barra as new chairwoman

General Motors announced that it had unanimously elected Mary Barra as its next chairman, effective immediately. Barra succeeds Theodore Solso who will be retiring but will continue serving as the Board’s Lead Independent Director.

Jan 05, 2016 7:29 PM EST