Microsoft Focus on Cloud Service Raise Its Third Quarter Revenue
A strategy shift from Microsoft to focus on cloud service has gained a positive result. With the raise of their third quarter revenue, Microsoft will continue to focus on integrating their cloud and mobile business strategy.
Oct 27, 2015 8:56 AM EDT
JPMorgan Chase is Challenging Apple Pay with Chase Pay
A mega bank, JPMorgan Chase is challenging Apple in mobile payment technology with their Chase Pay. They also have signed an agreement with Merchant Customer Exchange to allow their merchant members accepting the payment system.
Australia Welcomes New Nexus Devices from Google
Google's two new Nexus 5X and larger Nexus 6P phablet are now available for pre-order in Australia Monday from the Google store, and will be widely available on November. The Nexus 6P has a 5.7-inch display and sells for $899 for 32 GB storage and $999 for 64GB. Meanwhile, the Nexus 5X costs $659 for 12GB and $739 for 32GB storage.
Florida Couple Sued Apple $5 million due to Wi-Fi Assist's misleading charges
A couple from Florida filed a $5 million class-suit against Apple on Friday claiming that the tech giant's Wi-Fi Assist featured in the iOS9 is a misleading feature that leads to higher data charges
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Mastercard launches new program to turn wearables into payment devices
Mastercard introduced a new program, the extension of Apple Pay technology, to turn wearable things like clothes and accessories into payment devices.
Oct 27, 2015 2:16 AM EDT
Concerns raised by US regulators on Philips’ Lumileds Sale to Go Scale Capital
Philips announced that the sale of Lumileds to Go Scale Capital in uncertain due to unexpected opposition from US government. The company plans to sell a stake of 80.1% to Go Scale Capital, the China-based equity firm. Philips also announced the third quarter profit that is better than expectations.
Oct 27, 2015 1:36 AM EDT
Duke Energy talks on buying partner Piedmont Natural Gas for $4.9 Billion
Duke Energy will acquire Piedmont Natural Gas for $4.9 billion in cash. Both are partners in the $5 billion worth Atlantic Coast Pipeline venture.
Oct 27, 2015 1:33 AM EDT
Yen against euro may soar further in price swings
Anticipating that Yen would further strengthen against the euro following investors' betting on lower interest rates, the Japane's currency may further rise in price swings. Yen against the euro rose eight percent this year. Bank of Japan is likely to be under pressure to keep interest rate at lower level following the cues from ECB.
Oct 27, 2015 1:28 AM EDT
FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal
Weaving Capital (UK) Ltd. Founder Magnus Peterson was banned by the Financial Conduct Authority from working in the financial industry for defrauding investors out of their money, which totals to about $640 million worth of funds.
Oct 27, 2015 1:02 AM EDT
Alibaba Group Holding Ltd set to release Q2 revenue, experts study how Chinese economic meltdown affected its performance
Alibaba Group Holding Ltd is set to release its second quarter earnings for the fiscal year 2016 on the opening bell of October 27. Investors and analysts will be closely watching the company’s earnings to determine how China’s economic slowdown affected the giant e-commerce performance for that quarter.
Oct 27, 2015 12:01 AM EDT
Retail War: Microsoft built its first flagship store near Apple's Cube in Fifth Avenue
Microsoft's first flagship store is launched in Fifth Avenue, New York City, in just few blocks away from Apple's Cube. The store also has similar style with the Apple's.
Oct 26, 2015 11:45 PM EDT
Sweden to cut spending, borrows more to accommodate overwhelming refugees
With the multitudes of refugees crossing its boarders, Sweden must have an extra $7 billion in 2016 and $8.2 billion every year until 2019 to accommodate the asylum seekers.
Oct 26, 2015 11:12 PM EDT
Asian Shares continue to rally higher
Asian markets continue to rally to two month high as the China bank announced that it will lower the benchmark interest rate by 25 basis. The news drive most markets in the Asian region to climb higher.
Oct 26, 2015 11:01 PM EDT
Saudi Arabia may face cash crunch after 5 years
The Middle East (ME) region also may not sustain cheap oil prices for long. If oil price continues to hover at $50 per barrel, majority of Gulf nations will run out of cash in next five years, according to International Monetary Fund (IMF). There's no exception to Saudi Arabia, the leader of Organization of Petroleum Exporting Countries (Opec), Oman and Bahrain.
Oct 26, 2015 8:47 PM EDT
BlueScope agreed to buy the remaining stakes in North Star from Cargill
BlueScope agreed to buy the remaining stakes in a deal worth $750 million. The acquisition means that Cargill will be out of steel production investment.
Oct 26, 2015 8:41 PM EDT
Oil prices under pressure amid weaker demand outlook
Crude oil prices continued to trade in low range amid sagging demand and its bleak outlook for remaining part of 2015. The oversupply position is also impacting the oil price in a negative way. Speculators are withdrawing from their previous bets on rising prices. The front-month US crude futures were trading at $44.65 per barrel 12 percent lower than the peak level in October.
Oct 26, 2015 8:34 PM EDT
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