Spotify says sorry over new private policy
Spotify CEO Daniel Ek says sorry in Spotify blog regarding the unfair privacy policy the music streaming app is applying. Reports say Spotify obtains personal information and sends it to advertisers.
Aug 24, 2015 1:56 AM EDT
51,000 Madewell Sandals Recalled Due to Fall Hazard
A particular Madewell sandal recalled due to fall hazard. The recall was done because a metal shank from the inside of the shoe can dislodge and come out of the bottom of the outsole.
Footise erodes GBP46bn as global markets tumble on China growth fears; over $3.3tr evaporate in global equities
Latest data showing slowdown in China's manufacturing sector created tremors in the global markets. All the world indices tumbled on panic selling spree. This eroded market valuation of FTSE-100 by GBP46bn and global stocks by $3.3tr.
Glass Pool to be Constructed 10 Storeys Above London Building
A floating glass pool is to be constructed atop a London apartment building. The pool is said to provide the sensation of floating.
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Maxymiser acquisition to fortify Oracle Marketing Cloud
Oracle has signed an agreement to acquire Maxymiser. The latest buyout will help Oracle further strengthen its Oracle Marketing Cloud.
Aug 24, 2015 1:44 AM EDT
Intuit plans to let go of its businesses including Quicken
Intuit plans to let go of its businesses including QuickBase, Demandforce and Quicken. Intuit announced its most recent quarterly report and surprised everyone when it said that it will sell Quicken, Demandforce and QuickBase but will keep TurboTax and other products.
Aug 24, 2015 1:42 AM EDT
Elon Musk's Hyperloop starts construction in 2016; Oerlikon Leybold and Aecom joined in
Elon Musk's vision of Hyperloop is finally shaping up as Oerlikon Leybold Vacuum and Aecom funded HTT to construct the high-speed capsule transportation in 2016.
Aug 24, 2015 1:41 AM EDT
Facebook edges out Google as a traffic source for news
Facebook has become the top traffic source for news, edging out search giant Google. According to traffic analytics firm Parse.ly, this is due to Facebook's growing popularity as a platform for discourse around news and information.
Aug 23, 2015 11:59 PM EDT
Indian banking system in transformation mode
Reserve Bank of India (RBI) has given licenses to 11 business entities to commence 'Payment Banks.' The new system is expected to not only bring down transactions costs, but also cover entire rural India under banking system.
Aug 23, 2015 11:58 PM EDT
HP’s Planned Layoffs to Exceed 55,000
HP CFO reveals that layoffs will exceed an additional 5 percent of the planned 55,000 layoffs by October.
Aug 23, 2015 11:26 PM EDT
Alibaba launches data center in Singapore
Alibaba launches headquarters for overseas operation and data center in Singapore as part of their $1 billion effort to edge out US rival, Amazon Web Services.
Aug 23, 2015 11:22 PM EDT
Oil price crash-hit Kazakhstan's currency tumbles over 23% in free-float trading
Suffering from oil price crash, Kazakhstan has allowed free-float trading in its currency Tenge, which fell steeply 23% creating tremors in the central Asian economy.
Aug 23, 2015 11:17 PM EDT
Background checks of Uber drivers not extensive enough - prosecutors
Billion-dollar ridesharing company, Uber, accused of misleading consumers by lax background checks of drivers.
Aug 23, 2015 11:05 PM EDT
Iran's huge potential now open for global investments as crisis-hit nation comes out of sanctions
With the five nations led by the US lifting the sanctions on Iran, the underdeveloped oil and gas sector in the fourth largest oil reserves country offers huge investment and growth potential for global companies.
Aug 21, 2015 3:39 AM EDT
McDonald's hit with labor and tax malpractice allegations during Brazil hearing
McDonald's has been hit with allegations suggesting they have been avoiding tax payments and abusing employees during a hearing in Brazil.
Aug 21, 2015 3:37 AM EDT
US to anti-money body: Delete soccer warning
US delegates of Finacial Action Task Force urges the organization to delete soccer warning, according to sources.
Aug 21, 2015 2:57 AM EDT
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