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Toshiba to offload stakes in white goods biz to Skyworth

As part of the restructuring the organization in the backdrop of $1.3billion accounting scandal, Toshiba Corp has decided to offload five percent stake each in its two white good manufacturing units to Chinese firm Skyworth Digital Holdings. As part of the agreement, Toshiba will wind up its two China sales units. Toshiba will also use Skyworth's local distribution network for selling white goods such as refrigerators, washing machines, and vacuum cleaners. Japanese laptops-to-nuclear power giant Toshiba is considering a massive overhaul of company's operations.


US home sales rise in August, Q3 forecasts in tact

Though US business investment marginally eased in August, the new home sales on the upward move during August. The latest data for August indicates that the US economy is not impacted much in line with ongoing global unrest. The US economy is growing as per the forecast for GDP growth rate of 1.4 percent for the third quarter. Barring aircraft and defense equipment, business investment showed a marginal drop of 0.2 percent during the month. The August' drop comes close after gains in July that were considered to be the biggest upward movement in the year boosting business confidence that American corporate sector is not disturbed by the sluggish global economy. New home sales in August rose 5.7 percent to annual growth of 552,000 indicating highest level since 2008. This growth in home sales was higher than the forecasts.

"Modern Family" Season 7 Spoilers: Alex lives away from her parents; Co-creator reveals details about what Alex's parents will do

In "Modern Family" Season 7, Alex Dunphy and Joe Pritchett will be in the new chapter of their school life. Alex is now a certified college student while Joe is now in pre-school. The show's co-creator also teased that Phil will become emotional with his daughter living far away from them.

Netflix is now available for Oculus, Hulu coming soon

Oculus just announced another exciting news to its users during the Oculus Connect conference in Hollywood. As users are eagerly waiting for the next Oculus rift to hit the market next year, the team announced that they are working with Netflix and Hulu to bring the network shows on virtual reality. Users can now bid goodbye to the day of holding their laptop as they are lying down on their bed watching "House of Cards" or "Orange is the New Black".


Latest News

'Castle' Season 8 is rumored to be cancelled. The premiere episode of the ABC series shows Kate Beckett being saved by a surprise family member.
The Apple Inc. has now issued bug fixes for the recently released iOS 9. The iOS 9 update has been issued bug fixes upgrade by its creator, the Apple Inc.
Maxis' Sims 4 has made great achievements, and is not looking to end there. Sims 4: Spooky Stuff Pack offers all the right scares, but of course, with the right degree of adorable still intact.
The Moto X Pure Edition is battled out against the OnePlus 2. Which of the two will earn the top spot?
'Once Upon A Time' Season 5 has premiered last Sunday and fans got to take a look at the Dark Swan. Spoilers about Camelot and Merlin have also been released.
Roland Emmerich revealed that the trailer for Independence Day: Resurgence will probably be revealed in Christmas. He also revealed details about the plot, and the alien species in the franchise. Also, a new comic book prequel is rumored to be released for the film, and will fill in the 20 year gap between the two instalments in the franchise.
With the iPhone 7 predicted to be released next fall, rumors about its specifications are starting to circulate online.
The synopsis for 'The Flash' season 2 episode 2 has been revealed. Cisco will be having some trouble controlling his newly-found powers.
The return of Booth and Bones to The Jeffersonian to solve a crime might be the reason for their break-up. The two may be able to solve other's cases but they won't be solving their own. Aside that, the show is expected to have a crossover with Sleepy Hollows.
‘Star Wars: Episode VII – The Force Awakens’ will feature Domhnall Gleeson as the villainous General Hux. Director J.J. Abrams was said to have described his character as “merciless”. Rumors of Han Solo’s impending death in the upcoming sequel have also reemerged.