Will Lenovo, HP and Dell consolidate in the PC market in the coming years?
Michael Dell said it in a press briefing in Bengaluru, India, that he sees three top PC makers will consolidate in the desktop market in five years. These are Lenovo, HP and Dell.
Sep 09, 2015 6:25 AM EDT
Disruptive technology destabilizes the economy as we enter the venture capital revolution
Analysts say that as we enter the venture capital revolution, majority of capitalist venture on disruptive technology. Thus, it creates imbalance in our economy, neglecting other areas that need to be developed like health, food and education.
Zomato restaurant discovery acquired $60M funds; Introduces Whitelabel platform
Zomato, the app and the website that provides detailed information to 1.4 million restaurants around the world acquires $60M fresh round funding. The company will use it to develop new services and to improve its Whitelabel platform.
After 25 years, China revises down GDP growth to 7.3%
The latest data from National Bureau of Statistics confirms slowdown in China's economy. The revised GDP growth for 2014 to 7.3 percent from 7.4 percent raises doubts over the government target of seven percent for 2015.
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Pfizer's Arthritis Drug Patent Rejected in India
Pfizer’s patent for a new medicine was rejected by India again. This is another setback for the multinational company who has been trying to penetrate the Indian healthcare market.
Sep 09, 2015 3:51 AM EDT
Credit-Gas Theft, Fraud Epidemic; Credit-Cardless Online Shopping Gets Easier
There is an epidemic regarding theft and fraud in the gas and credit card industry, while a Swedish company found a way to let shoppers buy stuff online without using credit card.
Sep 09, 2015 12:40 AM EDT
Toyota to produce cars with artificial intelligence
Toyota, together with Stanford University and MIT will collaborate to produce cars that use artificial intelligence. It will intervene human driving if there are any mistakes and if necessary, replace the driver himself to prevent any accidents.
Sep 07, 2015 11:04 PM EDT
Facebook's WhatsApp reached 900 million monthly active users; aims for 1 billion
WhatsApp had reached 900 million users per month around the world, Jan Koum posted it on Facebook. Expect additional features and more ads when the app gained 1 billion subscribers.
Sep 07, 2015 11:35 AM EDT
Amazon Restaurants food delivery service hires staff in Seattle and New York
Amazon is trying out a new venture, the food delivery service. The new division is Amazon Restaurants under the Amazon Local. Prime Now will manage the shipping of meals from Seattle restaurants. The company also hires staff in Seattle and New York.
Sep 07, 2015 11:35 AM EDT
Nike could be J. Crew's toughest rival
Nike is just silent and waiting around the corner to take its queue in the market sales. Before J. Crew knew it, Nike has gotten the bigger share in the active wear market share sales.
Sep 07, 2015 11:35 AM EDT
Blackberry to acquire Good Technology in $425M cash deal
BlackBerry will buy out Good Technology Corp in a $425M cash deal. The deal will help, as BlackBerry is optimistic, enhance customer base for service business.
Sep 07, 2015 11:33 AM EDT
Apple to launch Apple TV with an eye on gaming
Apple is set to announce a new Apple TV product with a gaming console that could rival Sony, Nintendo, and Microsoft this Wednesday.
Sep 07, 2015 11:31 AM EDT
G20 to hasten economic reforms, says cheap credit not enough
G20 leaders agreed Saturday to expedite slow growth, but said that low interest rates will not be enough to accelerate economic improvement, and that they are optimistic that growth will happen.
Sep 07, 2015 11:27 AM EDT
Irish fashion brand Primark to launch eight retail stores in the U.S.
Primark, the top fashion brand that started in Dublin, Ireland will venture on the U.S. market opening eight stores in a row. Its first store will be in Burnham Building Boston to be launched on September 10.
Sep 07, 2015 4:51 AM EDT
Offshore tax evasion hunt continues as more Swiss banks enter prosecution agreements
Secret accounts are being exposed as the IRS gathers more data from 40,000 sources to hunt down and prosecute tax evaders.
Sep 07, 2015 3:09 AM EDT
Positive outlook on employment increases possibility for Fed to raise rates this September
The drop on unemployment rate and the slight increase in wages can increase the possibility for the Federal Reserve to raise interest rates in September.
Sep 07, 2015 3:04 AM EDT
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