Latest Business News


Moscow fears Foreign Cyber-attack on Financial System

Moscow fears Foreign Cyber-attack on Financial System

Russia's Federal Security Service (FSB) denounced on Friday a foreign secret service's cyber-attack plan to destabilise Russia...

17 hours ago, 4:08am CST

Twitter has a New Head of Product

Twitter has a New Head of Product

Twitter has acquired "Yes", a consumer mobile app startup and made its CEO the Vice-President of Twitter product.According to a...

21 hours ago, 12:41am CST

Facebook's Sheryl Sandberg Donates nearly $100 Million to Charity

Facebook's Sheryl Sandberg Donates nearly $100 Million to Charity

Facebook Chief Operating Officer (COO) Sheryl Sandberg has transferred nearly $100 million in Facebook stock into a charitable...

1 day ago, 12:50am CST

Mobile Device Adoption at Workplace not yet Mature: Gartner

Mobile Device Adoption at Workplace not yet Mature: Gartner

Mobile device adoption at the workplace is not yet mature as desktops are still the most popular corporate device among people...

3 days ago, 4:22am CST

Amazon on Track for Best Cyber Monday in History Driven by Echo Dot and Pie Face Showdown

Amazon on Track for Best Cyber Monday in History Driven by Echo Dot and Pie Face Showdown

Jeff Bezos' online store is going to have another record breaking Cyber Monday according to an update from an Amazon Spoke...

4 days ago, 4:17pm CST

Dell EMC Expands Cloud, Software and Systems Portfolio

Dell EMC Expands Cloud, Software and Systems Portfolio

 In a fresh impetus on "democratizing" high performance computing (HPC) for all enterprises, Dell EMC on Monday announced...

4 days ago, 6:34am CST

Black Friday 2016 Online Spending Pushed past $5 Billion

Black Friday 2016 Online Spending Pushed past $5 Billion

The final numbers of the Adobe online Black Friday 2016 consumer spending are in....

6 days ago, 2:30pm CST

Online Sales Surge on Black Friday

Online Sales Surge on Black Friday

US online sales surged on Black Friday, with Amazon.com Inc offering the steepest discounts among e-commerce sites as it set t...

6 days ago, 7:25am CST

Amazon Black Friday Mobile Orders on Thanksgiving Bigger than Thanksgiving and Cyber Monday 2015

Amazon Black Friday Mobile Orders on Thanksgiving Bigger than Thanksgiving and Cyber Monday 2015 Combined

The Amazon Black Friday 2016 sale set a new staggering record on Thanksgiving....

Nov 25 2016, 7:43am CST

Thanksgiving Forecast to Reach $2 Billion in Black Friday Sales First Time

Thanksgiving Forecast to Reach $2 Billion in Black Friday Sales First Time - Updat

Consumer online spending is seen to reach $2 Billion on Thanksgiving for the first time, setting a new record....

Nov 24 2016, 12:02pm CST

Racial Discrimination Lawsuit against Facebook

Racial Discrimination Lawsuit against Facebook

Facebook has been slapped with a racial discrimination lawsuit for allegedly not responding to the repeated complaints of haras...

Nov 24 2016, 11:52am CST

Facebook Targets India for Next Billion Users

Facebook Targets India for Next Billion Users

As we aim to connect the next billion people on mobile platforms globally, 70 per cent of them will come from Asia and nearly...

Nov 23 2016, 3:26pm CST

Facebook Working on Censorship Tool to Enter China

Facebook Working on Censorship Tool to Enter China

Social networking giant Facebook is reportedly developing a software tool to surpass censorship and get back into China, a mark...

Nov 23 2016, 10:03am CST

Microsoft Saves $10 Million Annually  through Carbon Offset

Microsoft Saves $10 Million Annually through Carbon Offset

More than $10 million has been saved every year and emissions reduced by the equivalent of 7.5 million tonnes of carbon dioxid...

Nov 22 2016, 8:20am CST

IBM Launches Watson IoT Consulting Solutions

IBM Launches Watson IoT Consulting Solutions

Software giant IBM on Tuesday launched a new security-rich, scalable and open platform called 'Watson IoT Consulting Solutions...

Nov 22 2016, 3:26am CST

Zuckerberg sells $95 Million in Facebook Stock: Forbes

Zuckerberg sells $95 Million in Facebook Stock: Forbes

Continuing on his goal to improve the world with his donations, Social networking giant Facebook's CEO Mark Zuckerberg has sol...

Nov 22 2016, 1:47am CST

Facebook Creates 500 Jobs in UK

Facebook Creates 500 Jobs in UK

In a major expansion of its London operations, social media giant Facebook is reported to have plans to hire 500 more staff in...

Nov 21 2016, 9:22pm CST

Booking Carnival Cruise on Amazon Gets Customers Free Amazon Dot

Booking Carnival Cruise on Amazon Gets Customers Free Amazon Dot

Amazon sells cruises now?...

Nov 21 2016, 12:48pm CST

India Produces $80 Billion Worth of Mobile Phone Components

India Produces $80 Billion Worth of Mobile Phone Components

India is set to manufacture $80 billion worth of mobile phone components over the next five years, a new study revealed on Mon...

Nov 21 2016, 4:48am CST

Facebook Plans its first Stock Buyback

Facebook Plans its first Stock Buyback

Facebook is planning to buy back $6 billion in stock....

Nov 18 2016, 11:31pm CST

Number of Women Working at Microsoft has Declined

Number of Women Working at Microsoft has Declined

There has been a decline in the percentage of women working at Microsoft, said the company's diversity report, adding that the...

Nov 18 2016, 11:46am CST

Snap Inc Confidentially Files for IPO at $25 Billion: WSJ

Snap Inc Confidentially Files for IPO at $25 Billion: WSJ

Set to become one of the highest-profile stock debuts along with Chinese e-commerce company Alibaba and social media giant Fac...

Nov 16 2016, 2:25pm CST

Amazon Prime Now Adds Bartell Drugs as First Drugstore

Amazon Prime Now Adds Bartell Drugs as First Drugstore

The Prime Now service offers now the delivery of drugstore items....

Nov 15 2016, 2:28am CST

Microsoft to Power its Azure Cloud Data Center with Wind Energy

Microsoft to Power its Azure Cloud Data Center with Wind Energy

Microsoft said its Cheyenne datacenter in Wyoming will now be powered entirely by 237 megawatts of wind energy."Our commitment...

Nov 15 2016, 12:24am CST

Amazon Services Expands to 20 More Cities ahead of Holidays

Amazon Services Expands to 20 More Cities ahead of Holidays

The Amazon local services offering comes to more cities....

Nov 14 2016, 6:58am CST

Samsung Vice Chairman Summoned over President Park Aide's Scandal

Samsung Vice Chairman Summoned over President Park Aide's Scandal

South Korean prosecutors on Sunday summoned Lee Jae-yong, Samsung Electronics' Vice Chairman, for questioning over a scandal i...

Nov 13 2016, 5:35am CST

Alibaba 11.11 Singles Day 2016 Sets New Sales Record with $17.79 billion

Alibaba 11.11 Singles Day 2016 Sets New Sales Record with $17.79 billion

New records show big trend to mobile shopping. The numbers are also proof that Alibaba knows how to scale e-commerce platforms....

Nov 12 2016, 6:52am CST

Cloud Data Traffic to Grow to 14.1 Zetta Bytes per year by 2020

Cloud Data Traffic to Grow to 14.1 Zetta Bytes per year by 2020

Cloud data traffic is expected to rise 3.7 fold -- up from 3.9 zettabytes (ZB) per year in 2015 -- to 14.1 ZB per year by 2020...

Nov 11 2016, 3:22am CST

Russia Probes Microsoft over Alleged Competition Law Violations

Russia Probes Microsoft over Alleged Competition Law Violations

Russia has launched a case against US IT giant Microsoft over alleged violation of the country's competition law, Russian Fede...

Nov 10 2016, 10:21pm CST

Twitter COO Adam Bain Quits

Twitter COO Adam Bain Quits

 In a big loss to Twitter, the company's Chief Operating Officer (COO) Adam Bain who was in charge of the micro-blogging...

Nov 10 2016, 5:29pm CST

Alibaba 11.11 Singles Day 2016 Blasts Past a $1 billion in Sales in first 5 Minutes

Alibaba 11.11 Singles Day 2016 Blasts Past a $1 billion in Sales in first 5 Minutes

the Alibaba 11.11 Global Shopping Festival, the world’s largest 24-hour online sale, started today, Nov. 11, at midnight China...

Nov 10 2016, 11:02am CST

Facebook Starts to Compete with LinkedIn

Facebook Starts to Compete with LinkedIn

In a direct threat to Microsoft-owned LinkedIn, social networking giant Facebook is experimenting with a job opening tab on it...

Nov 9 2016, 12:22pm CST

Victoria’s Secret Will No More Give Away Free Panties

Victoria’s Secret Will No Longer Give Away Free Panties

Victoria’s Secret decides to discontinue giving away coupons for free panties as they cause losses in their profit revenue....

Nov 8 2016, 9:31am CST

China to have 58 Million Kilowatt Nuclear Power by 2020

China to have 58 Million Kilowatt Nuclear Power by 2020

China will have 58 million kilowatts (kw) of installed nuclear power by 2020 as it expands its clean energy network and pursue...

Nov 7 2016, 4:14am CST

McDonald's Offers Online Ordering

McDonald's Offers Online Ordering

McDonald's is FINALLY getting into the mobile ordering and paying market, meaning that customers will be able to use their smar...

Nov 5 2016, 6:30pm CDT

Samsung Recalls 2.8 million Washing Machines in US

Samsung Recalls 2.8 million Washing Machines in US

Hit by the Note 7 fiasco, Samsung Electronics has now decided to recall about 2.8 million top-loading washing machines due to...

Nov 5 2016, 4:35pm CDT

Why Steve Ballmer Drifted apart from Bill Gates

Why Steve Ballmer Drifted apart from Bill Gates

Differences over the smartphone and tablet business strained his relationship with Bill Gates, Microsoft's former CEO Steve Ba...

Nov 5 2016, 9:49am CDT

Wanda Group Buys Dick Clark Productions for $1 billion

Wanda Group Buys Dick Clark Productions for $1 billion

The Chinese Wanda Group enters television production in the United States....

Nov 4 2016, 7:22am CDT

TiVo and Samsung Settle Patent Dispute

TiVo and Samsung Settle Patent Dispute

TiVo sued Samsung back in 2015 for patent infringement. Today the companies announced a deal settling the dispute....

Nov 3 2016, 3:41pm CDT

Facebook Reports $7 bn Revenue in Third Quarter

Facebook Reports $7 bn Revenue in Third Quarter

Social media giant Facebook scored big in the third quarter of this year, reporting $7.01 billion in revenue and its daily acti...

Nov 3 2016, 1:37am CDT

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