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Updated: 3 days 10 hours ago

Intel Gives New Executive Position to Qualcomm’s Head of Mobile Chips

Sat, 11/21/2015 - 06:55

It's just been one day since Qualcomm announced departure of one of its two co-presidents in the mobile chip division, Murthy Renduchintala. Acting soon enough, Intel INTC has picked him up, giving him a new executive position.

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Cisco Plans to Buy U.K Based Acano for $700 Million

Sat, 11/21/2015 - 06:53

Cisco, the San Jose, California-based company said it plans to acquire Acano, which is a video conferencing firm. The deal is expected to be for $700 million.

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Thirteen Years in a Row, Whirlpool Corporation Bags Perfect Score on Human Rights Campaign’s Corporate Equality Index

Thu, 11/19/2015 - 08:39

Whirlpool Corporation, which is among the leading home appliance makers globally, got a perfect score for its commitment to diversity and inclusion and its Human Rights Campaign's (HRC) 2016 Corporate Equality Index (CEI).

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CalPERS Board Vote to Reduce Investment Returns

Thu, 11/19/2015 - 08:36

On Wednesday, the board which manages the biggest public pension fund in the country voted to gradually reduce its investments in the risky funds. It is a precautionary measure to cushion against the economic downturns and follows the footsteps of other pension systems which have also adapted to a similar move.

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Reportedly Lyft Looking forward to a Round of $500 Million Fund Raising

Wed, 11/18/2015 - 09:23

John Zimmer, Lyft's president announced that in October the ridesharing company attained an annualized gross revenue rate of $1 billion.

The figure is probably not the cut of the value Lyft receives for the rides which flows into its system but most probably it is the representation of the gross payments which its drivers and riders get.

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AirMap Partners with 3DR and DJI; Drone Users will have Additional Information for Safety

Wed, 11/18/2015 - 09:15

Drones are gaining popularity fast, but flying one could be a difficult task with accurate information about safe flying zones and restricted air space.

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Janet Yellen says GOP Bill could Cause “Severe Damage” to the Economy

Wed, 11/18/2015 - 09:07

On Tuesday, the lawmakers in the U. S. House of Representatives laid the path for voting on the Fed Oversight Reform and Modernization Act, which may happen as soon as Wednesday.

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Second Wave of Lay Offs at Fonterra; The Cooperative Increases Earnings Forecast for the Quarter

Mon, 11/16/2015 - 07:52

The biggest dairy exporter in the world, Fonterra Cooperative Group confirmed laying off 835 staff as a part of its restructuring this year. The numbers are greater than what the cooperative had announced earlier in August as 750.

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In New Zealand GST to be Imposed on Digital Goods from 2016 October

Mon, 11/16/2015 - 07:50

The online games, iTunes download, Netflix subscription, as well as the Amazon e-books will no remain tax free, as the government plans to slap all of them with GST within one year.

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Many Travelers Cancel their Plans of Travelling to Paris but Airlines Operate Flights

Sun, 11/15/2015 - 08:45

The terror attacks in Paris have left many tourists re-considering their trips to the French capital.

Although on Saturday the airlines carried on operating their flights to Paris, but business travelers and tourists are not sure if they would like to visit the city at this juncture and many plan to cancel their upcoming trips.

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Netflix Shows May not be Void of Pre-Roll Promotions After all

Sun, 11/15/2015 - 08:37

Netflix subscriber rarely has to watch promotional snippets before their favorite TV shows and that's how it differs from the programs like the popular Thursday night drama, "How to Get Away with Murder" on ABC.

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United Auto Workers and General Motors Extend Contract till November 20

Sat, 11/14/2015 - 08:29

The United Auto Workers union agreed to extend its 2011 contract with General Motors Co. till November 20. The leaders of the union still continue to talk to the company regarding the issue of the skilled trades, said a letter on Friday forwarded by the UAW-GM local union presidents and chairpersons. The UAW leaders are trying their best to get the tentative four-year labor agreement ratified.

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Haggen Found Buyers for Ninety One Stores; Albertsons One of the Big Buyers

Sat, 11/14/2015 - 08:26

Haggen, the grocery chain, filed for bankruptcy protection in September. Its big expansion plan went wrong forcing it to shut many stores and sell them. It has found buyers for ninety one of its stores among hundred and fifty four stores.

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Economists Predict Cooling in Home Prices

Sat, 11/14/2015 - 08:22

On Friday, leading economists who follow the home sale industry said that after two years of spiking home prices, it is expected to follow a moderate pace in 2016.

The continuous shortage in supply, higher mortgage rates and the cooling economy in some of the states should help in bringing down the home rates. Along with that the sales will also increase.

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China’s Slow Economic Growth Hurts Cisco Sales

Fri, 11/13/2015 - 08:34

The global worries of China's weakening economy is also hurting Cisco. The company lowered its second quarter guidance as due to lower sales in the Asia-Pacific region.

The company reported a first quarter earnings of fifty nine cents per share on sales of $12.7 billion which missed the analysts' expectations of fifty six cents a share on $12.65 billion sales.

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Reportedly Hulu in Seeking to Sell Stake to Time Warner

Fri, 11/13/2015 - 08:32

According to people with the knowledge of the matter, Hulu, the streaming service is seeking to sell a stake to Time Warner Inc. The deal would value Hulu at $5 billion or more which is seen as efforts to contend with Inc. and Netflix Inc.

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Inventory Build Up Leads to Drop in U.S. Oil Price

Fri, 11/13/2015 - 08:29

On Friday, U.S crude price marked its fall for the consecutive third session trading at the lowest two months or a little more. The growing oil stockpiles triggered a drop of ten percent in prices since the starting of November.

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Anheuser-Busch InBev Agrees to $107Billion Deal for SABMiller

Thu, 11/12/2015 - 08:46

Beer forces are getting stronger! The two of the largest beer makers in the world are joining forces to create one company which will produce about one third of the total beer in the world.

However, in the U.S., the deal between the two will not make Budweiser and Miller share the same roof.

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Trade Me Ties Rise in Bay of Plenty House Prices to Auckland Spillover Effect

Thu, 11/12/2015 - 08:02

According to the monthly index of Trade Me, house prices in the Bay of Plenty have become the next most expensive region following Auckland.

The asking prices for property in October in the Bay of Plenty were eleven percent more as compared to one year earlier which touched an all time high of $483,000.

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Is Air New Zealand’s Next Destination Vietnam?

Thu, 11/12/2015 - 07:58

Air New Zealand might possibly announce a new destination and that could be Vietnam. The airline is looking at some new South East Asian routes and the carrier will is expected to make a "significant announcement" during briefing in Auckland.

During the weekend the airline said it was in at the concluding stages of evaluation for its plans.

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