Staff Writer

World

Fashion Website Gilt To Be Sold for $250 Million: Hudson’s Bay is the Prospective Buyer

Gilt is into talks with Hudson’s Bay to sell off its business at $250 million. The value of Gilt group is surely slashed from where it was a couple of years ago. The deal is however yet to be finalized early in the coming year.

Markets

Hotels are turning to AirBNB for renting rooms

People globally use AirBNB to rent out spare rooms or an entire house, but now hotels are also using AirBNB to find customers. AirBNB is preferable over Expedia and Priceline as it charge just 3% fee per reservation. Hotels and hostels situated in Los Angeles, Denver, Chicago, Honolulu are also using AirBNB platform.

Personal Finance

Best Ways to Save Money During the Holiday Season

It is officially a holiday season and also an official month of spending vs. saving. A recent survey found that 57 percent of those who participate in holiday gift-giving began their shopping in early November. This was up from 54 percent in 2014 and 49 percent in 2008. Holiday season does not have to be a financial burden if you plan accordingly and implement effective strategies. To help you save money on holiday shopping I’ve compiled a list of some tips and tricks you can follow to achieve your goal.

News

The AnnaBis: The Purse that Hides the Smell of Your Weed Stash

Two women in New Jersey have created the AnnaBis accessory line. The purses and clutches all have liners that mask the smell of weed.

Tech

Apple Opens Secret Laboratory in Taiwan To Develop New Screens

Apple has opened a secret production laboratory in northern Taiwan where engineers are developing new display technologies, according to people with knowledge of the facility. The lab, located in Longtan, has at least 50 engineers and various other employees working to develop iPhone and iPad displays.

World

Apple Inc Acquired the San Jose Chip Making Plant for $18.2 Million

The San Jose chip manufacturing facility plant is purchased by Apple Inc. for $18.2 million. The purpose of buying the plot is still not known. Samsung semiconductor is the new neighbor for Apple after this recent purchase.

News

China leaves US, Japan behind in patent race

With 928,000 patent applications in 2014, China emerged as the leading country in the patent race, surpassing the US and Japan, which ranked at second and third positions respectively. China's patent applications rose 12.5 percent during the year, the US grew 1.3 percent, while Japan declined by 0.7 percent. The total number of patent applications in 2014 were 2.7 million.

Tech

FAA announced drone registration starts December 21

The FAA has unveiled the drone registration process, which is expected to start on December 21, before the holiday season. The drones purchased after that will have to be registered before their first outdoor flight. However, a large group representing model airplane users are not happy with the move.

News

Baidu Self Driving Bus to Hit the Road in Three Years

Baidu Inc., the China Internet giant prepares its self-driving bus to hit the road in the next three years.

News

Kia Self Driving Car Will Roam Nevada Road

Nevada public road will see a KIA car without driver roaming the road as the Korean company obtain a license to test its autonomous driving technology.

News

Despite BG takeover, Shell to slash jobs

Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.

News

Prismatic will shut down its news app for iOS, Android and Web

Prismatic declared that it will no longer be available for iOS, Android, and web news reader products

News

Airbus owners reach out future operators for Singapore Airlines’ planes

The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.

News

Asian stocks trade lower on thin volumes; Oil below $36/ bbl

Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.

World

Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions

The CEO of Renault-Nissan Alliance Carlos Ghosn stated that the electric vehicle is the practical and affordable way to reach the goal of a low carbon economy. The statement follows the COP21 event in Paris that goals to reduce gas emissions that cause climate change.

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