Taiwan's Hon Hai Precision Industry Co has offered bid to acquire the LCD business of Sharp Corporation. However, the bidding details were not revealed. Without confirming on its plans to offload LCD business or received any bid offer, Sharp Corp continues to explore several options for reviving the trouble-prone liquid panel display business. Sharp has also asked Apple Inc for funding support. Sharp Corp has sought a $1.9-billion revival package from the banks and decided to slash 5,000 jobs as part of the cost-cutting measures. The intense competition in LCD screens for smartphones from Asian companies is taking a toll on Sharp Corp's business.

The closure of the US Export-Import Bank (EXIM) charter is forcing the US companies to explore business options overseas. Major aerospace companies, which have been benefiting from export financing and other encouraging schemes from EXIM, are in favor of shifting out of the US. General Electric (GE) has already firmed up to its plan to set up $400-million turboprop engine in Europe. Aerospace Industries Association (AIA), the largest US aerospace trade group, expresses concerns that many aviation companies are losing their competitiveness in the absence of support from EXIM. However, conservative Republicans are against EXIM charter as it's confined to only three major companies.

Snapchat just released the latest update of their product today. According to the announcement, the four years old company releases its first in-app purchase feature for their 'Replays' along with a new face effect lenses. The 'Replays' feature is only available for US users for the time being.

Nexus 5 users who cannot wait for the upcoming Android OS can now install a custom ROM for it. xTRaSmooth Android 6.0 Marshmallow custom firmware is now available for download.

The official trailer for the upcoming film "The 5th Wave" has been released. Chloe Grace Moretz is seen fighting against an alien invasion.

The federal court ordered Samsung to halt older version of its smartphones for breaching Apple's patent. It was found that Samsung was guilty of copyright infringement filed by Apple. But the features included in the case were no longer used by Samsung.

The debt-ridden Island Puerto Rico has opted for value-added tax (VAT) as a measure to enhance revenues for the government. The new VAT structure will come into force starting1 April 2016.

'Toy Story 4' will not strictly be a sequel of the Toy Story trilogy. Featuring adventures different from when they were with Andy, Woody and Buzz Lightyear set off to find the missing Bo Peep.

Apple is currently ridding the App Store of malicious apps created by developers using a counterfeit version of Xcode. Users are advised to delete the apps and developers were told not to download software from unreliable sources.

Ronda continues to throw public insults to Mayweather especially in the boxing champion's low sales in his final bout.