Articles by Staff Writer

Old Mutual Reportedly Planning to Split Into Several Units, The Company Stated It's Considering All Options

Giant South Africa-based international banking group Old Mutual has stated that they are considering all options as a result of a strategic review. Many believe that the group is planning to split itself into several business units.

Mar 07, 2016 08:55 AM EST

'Little Ripper', A $200,000 Helicopter Drone That Will Guard Australian Coastlines Against Shark Attack

Australian lifeguards will get a help from 'Little Ripper' to detect shark presence along New South Wales' coastlines with its aerial view using infrared cameras. The project costs $200,000 where Westpac sponsors the trial for the search and rescue operations.

Mar 01, 2016 09:00 AM EST

Danske Bank Cuts Jobs For Adapting With Post Crisis Landscape

Danske Bank has reportedly spent $60 million against its workforce compared with a year earlier. Meanwhile, the bank company has recently achieved an average ‘buy’ rating from most of the analysts. To retain the achievement with further upgrading, the bank has adopted cost cutting measures which include job cuts in 46 positions of mostly the IT portfolio.

Mar 01, 2016 08:57 AM EST

WhatsApp Will Stop Its Services for BlackBerry, Nokia, Older Androids and Windows

Facebook’s WhatsApp announced that they will stop supporting older mobile platforms, including BlackBerry, Nokia, as well as older Android and Windows operating systems. The decision would allow the app to further improve its features beyond older smartphones’ capabilities.

Mar 01, 2016 08:55 AM EST

Israeli investment firms get $665 million in 2016

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.

Mar 01, 2016 08:53 AM EST

Marathon Oil plans to sell shares through public offering

Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting strategy to keep hold of their cash level.

Mar 01, 2016 08:48 AM EST

Converse Revealed New Concepts and Approach in Chuck II Reflective Print Collection

Converse is adopting a new approach to update its Chuck Taylor shoes. The shoemaker revealed its newest Chuck II Reflective Print collection with an improvement in functionality and visual features to offer users a brand-new style and experience.

Mar 01, 2016 08:46 AM EST

Google To Glorify Consumer Friendly Image with 'Chrome for Work Assist' and 'Chromecast Audio'

Recently, Google has released video demonstrating operations of its Chromecast Audio featured by popular actors. On Monday, Google has announced another feature, 'Chrome for Work Assist', which offers 24/7 phone and email based customer support for businesses. Through these efforts, Google is probably trying to glorify its image as a consumer friendly entity.

Mar 01, 2016 08:44 AM EST

Valeant Pharmaceuticals Shares Plunges After SEC Investigation

Canadian pharmaceutical company shares dropped 18% on Monday, as the company admitted being under investigation by U.S. Securities and Exchange Commission.

Mar 01, 2016 08:42 AM EST

Data Showed More Tech Workers Are Leaving Silicon Valley

Cities like Austin, Texas, and Seattle, and Seattle have become a new target for tech workers. They are areas in which the tech startups are increasing in large number.

Mar 01, 2016 08:41 AM EST

Puerto Rico Desperately Needs US Help to Handle Debt

Puerto Rico, the island territory of U.S. is in the crisis due to its surmounting debt. Governor Alejandro Garcia Padilla repeated the island's debt will lead to moratorium.

Mar 01, 2016 08:40 AM EST

Volkswagen Introduced Its New Luxury Sedan, Only for China Market

Volkswagen unveiled Phideon as its new luxury car today, ahead of Geneva International Motor Show. The successor of Phaeton will only be sold in China.

Mar 01, 2016 08:38 AM EST

Palo Alto Networks, Splunk and Salesforce Drove Nasdaq Up

Following slow start of the year, tech companies began to come to life. As Palo Alto Networks, Splunk and brought Nasdaq to soar 2% in the last five trading days.

Mar 01, 2016 08:37 AM EST

January gold purchases in India rises by 62%

Gold purchase in India increased 62% during the month of January. The government lifted the import duty on gold citing the growing prices in global market.

Mar 01, 2016 08:36 AM EST

The Sacramento Kings Collaborates with Local Investment Firm to Host NBA's First Tech Startup Contest

The Sacramento Kings announced a tech startup contest for local entrepreneurs. Supported by local investment firm Velocity Venture Capital, finalists will get an opportunity to pitch their ideas to judges and a chance to win a cash prize and consultation sessions with the Kings executives.

Mar 01, 2016 08:33 AM EST

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