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 03:18 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 03:13 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 03:07 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 01:28 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 08:10 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 07:29 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 07:47 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 07:36 PM EST
Japan's central bank playing activist investor role to revive economy
With an objective of reviving the economy, Bank of Japan (BoJ), Japan's central bank, is playing a role of activist investor in the domestic equity markets. The central bank's governor and Prime Minister are also asking corporate companies to increase capital expenditure and wage rise. Bank of Japan holds $54 billion in exchange-trade funds (ETFs). Japan's economy is suffering from weaker consumption and deflation.
Jan 05, 2016 03:21 AM EST
2016 may generate 3.5mn jobs in India
The year 2016 may witness encouraging employment generation, but moderate salary rise. The inflation rise will erode the salary rise benefits. India and the UAE may record robust job growth rate. IT, app economy, retail and BFSI sectors to lead emplyment generation of about 3.5 million in India. Dubai Expo-2020 may play a key role in jobs growth rate in the UAE.
Jan 05, 2016 04:07 AM EST
5 key economic trends to watch in 2016
Economists and analysts foresee the five key factors that would influence the global economy significantly in 2016. The major aspects such as industrial production, consumer spending, international trade, currency trends and inflation will influence the global economy. The lower energy costs will propel consumer spending upwards, while resulting in inflation rise.
Jan 04, 2016 10:21 PM EST
‘Latte Macchiato’: ‘Starbucks’ Hits New Caffeine Beverage
Latte Macchiato, combination of espresso and milk, is going to be served by Starbucks, the Seattle based Café Chain. The popular Australian drink is being introduced to the Americans by Angus Maxwell, certified barista serving the coffee chain. The new beverage joins the Starbucks menu and is believed to be a stepping stone between a cappuccino or flat white and an Americano among those desiring to change the taste bud.
Jan 04, 2016 10:55 PM EST