Hyundai, Kia changes China executives after sales slump
Hyundai-Kia Motors change corporate structures in the hopes of improving market performance in China. The company plans to improve its selling strategies to cope with the ever-changing needs of the Chinese market with the help of new executives.
Aug 21, 2015 1:53 AM EDT
H&M Sales Rise by 16%
H&M increases sales in July by 16%, up 4% from analysts' predictions. It is already their tenth consecutive month of enjoying sales rise of at least 10 percent. H&M in its press release said that it will release its updated third quarter report on September 15 of this year.
Big Data in Food Production: FarmLogs helps farmers increase crop yields using flow sensors and satellite imagery
Jesse Vollmar had created a software called FarmLogs to help farmers increase production through cloud computing, enlisting significant data they needed using flow sensor technology and monitoring farm fields by using satellite imagery.
IMF dashes hopes of China; Yuan still out of fund's currency basket
The IMF board has decided to keep the current basket of currencies as it is and China will have to wait for one more year to make its currency a part of the fund.
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Gazillion points not needed, Get free flight for just 4,500 Avios points through British Airlines
There may have been changes and speculations on how much points one must have to avail free flights. But British Airways Avios offers an easier and a lot cheaper way to avail these “free” flight programs.
Aug 20, 2015 3:47 AM EDT
Ashley Madison earned $1.7M from deceptive removal of member profiles; hackers revealed 36 million accounts
Hackers had released Avid Life Media's private documents indicating it has earned $1.7M charging members a fee of $20 for full deletion of their profile. Hackers proved the feature is not effective revealing online its 36 million user accounts since 2008.
Aug 20, 2015 3:41 AM EDT
Volatile Chinese markets drive nervous investors to offload
The volatility in the Chinese stock markets is pushing nervous investors to offload their investment. the slowdown in China's economy, oil price drop and possible rate hike by US Fed are impacting the market sentiment.
Aug 20, 2015 2:41 AM EDT
US energy stocks slip as oil price drop continues to 6-year low
The oil price drop to 6-year low and rise in crude inventories are taking a toll on energy companies. This put more pressure on trading in energy stocks on Wall Street. The market forecast of interest rate hike by Fed also further dampened the sentiment.
Aug 20, 2015 2:31 AM EDT
StoreDot's $18M funds will be used to develop a five-minute charging of electric cars
StoreDot had acquired $18M funds. The startup company produces flash batteries that charges smartphones by only 30 seconds. The obtained capital would be used to develop a five-minute charging batteries for electric vehicles.
Aug 20, 2015 2:10 AM EDT
Square Cash, the new app on Apple Watch, make fund transfer easy with a few taps
The just released app on Apple Watch 'Square Cash' offers several options for users to transfer funds to family members, friends for free of cost.
Aug 20, 2015 2:04 AM EDT
Gett hits Uber on surge pricing; launches ad war
Israel-based Gett, one of Uber's biggest competitors, launched Monday its first big campaign against its competitor, Uber, which claims is ripping people off through its surge pricing.
Aug 19, 2015 11:20 PM EDT
Instacart shifts contractual personal shoppers to part-time employees in its 16 locations
The startup grocery delivery service Instacart is shifting its personal shoppers from freelance contractors to part-time employees. However, drivers will remain contractual in the company.
Aug 19, 2015 11:16 PM EDT
Whatever happened to Disney and Maker Studios $500M big deal?
Disney and Maker Studios collaboration is deemed unsuccessful due to clash between executives and corporate structure.
Aug 19, 2015 11:12 PM EDT
Amazon employees defends tribe from 'Purposeful Darwinism' culture story
While Amazon's boss Jeff Bezos ruled out the investigation report from The New York Times saying it doesn't describe the Amazon he knows, a majority of employees defended the company in various online forum. The fast growing online retailer Amazon has been receiving flak from some employees and has recently become the center of discussion in the media as its punishing work culture was put on the spotlight.
Aug 19, 2015 10:38 PM EDT
Toshiba wants new blood to lead its board; Interim president stays
Japanese major Toshiba Corp has reshuffled its board by inducting more outside directors, while retaining interim President on permanent basis. Toshiba has conveyed an extraordinary shareholders' meeting to seek approval for the board restructuring.
Aug 19, 2015 4:33 AM EDT
US drone flights to increase by 50% over next four years
The US military is boosting its capability to deal with growing global security threats by increasing the number of its drone flights. The expansion, which comes with increased capacity for lethal strikes, will unfold over the next four years.
Aug 19, 2015 4:19 AM EDT
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