Articles by Staff Writer

Takata to meet major customers to discuss business forecasts

Takata Corp is reportedly planning to meet its major clients in order to discuss its business forecasts. The US transport authorities announced a fresh recall of about 5 million vehicles subsequent to the recent death caused by the Japanese firm's airbag inflators.

Jan 25, 2016 08:28 AM EST

Part of Saudi Aramco’s Shares May Be Offered For International Investors

Aramco is the largest known oil producer in the world with a daily production of 10.25 MMbpd. KSA authority has increased feedstock prices to narrow down its budgetary deficits and also increases daily production rate to cope with the soaring demands. Now it is in efforts for Aramco’s listing for IPOs. If listed, Aramco will be the world’s first corporate entity with asset value of more than $1 trillion.

Jan 25, 2016 08:25 AM EST

Deezer raises $109 million despite cancelling its IPO plan

Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.

Jan 21, 2016 08:08 PM EST

AMD to release Polaris GPU in 2016

AMD said that it expects Polaris architecture based GPUs to begin shipments in the middle of 2016. According to the reports one version of Polaris GPU is aimed for light and thin laptops as well as entry-level desktops, while the other is designed for high performance.

Jan 21, 2016 08:04 PM EST

Global fears prevent US Fed from rate hike plan

The adverse conditions in the global economy and weaker stocks on Wall Street may prevent the US Federal Reserve from going for a rate hike again. Some analysts forecast four more rate hikes in 2016, while Reuters' poll indicate three times hike this year. The slump in commodities, weaker global markets, slowdown in China's economy and lower oil prices are causes of concerns for the US Fed as these are upsetting the Wall Street.

Jan 21, 2016 07:58 PM EST

Freshii to Help Consumers Through 'These Dark Hours' as Chipotle Closes Stores Nationwide for Employee Meeting

Chipotle will close their stores across the country on February 8 for a few hours so that corporate officials can discuss the new steps the company is taking about food safety. The chain has been hit by frequent outbreaks of food-borne illnesses in the past year, with the cause not yet announced.

Jan 21, 2016 07:53 PM EST

Space Gardening: A flower blooms in International Space Station for the first time

Previously, an experiment team of a space gardening project called Veggie has also succeeded planting consumable lettuce. The flower bloom is a remarkable step forward to a more advanced technique and choice of plants to grow in space. The project was established because NASA seeks to learn how astronauts can grow their own food in space to sustain long-term space journey.

Jan 21, 2016 07:40 PM EST

For Chinese Consumers, Oil Prices Halted At $40 Per Barrel Will Not Cut Down The Fuel Prices

The cutting down of the global crude oil in the world has not really influenced the Chinese consumers' retail fuel prices. The price remains the same as long as the price does not touch %40 per barrel.

Jan 21, 2016 07:31 PM EST

Twitter: Australia launched a new koala emoji to celebrate Australia Day

The emoji features a koala wearing a pair of sunglasses, and will appear automatically when a user tweets using the hashtag #AustraliaDay. An event on Tuesday marks the opening of the digital celebration one week prior to the national holiday on January 26. Australian netizens are also encouraged to tweet their stories and views on the holiday.

Jan 21, 2016 07:28 PM EST

YouTube Announces HDR Support

YouTube has announced support for inclusion of the HDR technology to the streaming of its videos. The HDR technology will improve quality of the streaming in terms of quality. And that means colors and contrasts and details will come through in a better way. For YouTube users that would mean the videos that they upload would come across with greater quality. The announcement for HDR support was made by YouTube Chief Business Officer Robert Kyncl at CES in Las Vegas on 5th Jan 2016 where 3500 exhibitors showed their latest products and services with 150 000 attendees.

Jan 13, 2016 03:38 AM EST

Battle of Smartphone Watches : Apple's Mickey Mouse vs Samsung's Snoopy

Samsung is gearing to do battle with Apple in the smartwatch market. Samsung unveiled two new colors for its new Gear S2 smartwatch namely, rose-gold and platinum. Designer Colombo working for Samsung has included classic characters from Snoopy to match Apple's Mickey Mouse.

Jan 12, 2016 07:07 AM EST

Samsung Gear S2 Watch Would Eventually Work With iPhones

Samsung Gear S2 for now only works with Android phones but Samsung is going to take a step further - maybe later this year to open their Gear S2 to make it compatible with devices that use Apple's Operating System software. This would allow iPhone owners to own a Samsung GearS2 watch to make calls, send text and receive notification. The statement that GearS2 would be made compatible with iPhone and other devices that use iOS came at CES Las Vegas on 5 January 2016.

Jan 12, 2016 07:02 AM EST

North Korean Nuke Testing and Oil Price Fall Plunges Dow Jones in First Week of 2016

Rising global concerns in first week 2016 including North Korean nuke testing, fall in oil prices, sluggishness of Chinese economy, middle east tension, reservation by Federal Reserve to raise interest rates plunged Dow Jones. Markets in Europe and Asia fell as well.

Jan 12, 2016 07:00 AM EST

Martin Shkreli's $5 Million Bail Was Secured With His E-Trade Account

Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-Trade account.

Jan 11, 2016 06:58 AM EST

Dense Fog Halts Delhi Airport For 6 Hours, Further Deterioration Feared

Delhi residents have been witnessing chilling cold, drizzling and heavy fog. The Fog is so dense that visibility range has been reported to remain around 75 meters during 10 am to 4 pm. Despite adopting highest ILS, CAT IIIB, air movement has been kept stalled for around 6 hours. According to IGIA met office partly thundery weather may prevail on Sunday next.

Jan 11, 2016 06:43 AM EST

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