GoPro Inc has announced quarterly results below the market forecast as the demand for new cameras has been sluggish in the market. Recently launched wearable cameras haven't been received well by the market.
Country
China sees greater shift to internet-based enterprises
The rising costs of labor and infrastructure are paving the way for more opportunities being created via the internet. The online-based ventures are growing up in China and also enhancing the efficiency of the traditional enterprises as well. Mobile internet is changing the way consumer market behaves in the world's second-largest economy. Initially, the technology innovation doesn't happen in a consumer market, but it takes place in the enterprise segment. The consolidation is very slow in the traditional Chinese business when compared to the western part of the world.
Cross-border technology sharing with Chinese firms worries US defense experts
The technology tie-ups between the US technology giants and Chinese firms have become a center of debate as the close business relations have under current exposure to sensitive defense technology. Security analysts express their concern about possible harm to the national security of the US. In association with US technology firms, Chinese companies are becoming self-reliant in defense technology triggering the alarm bells for the US national security.
Chipotle shuts all stores in Seattle, Portland due to E coli outbreak
Chipotle Mexican Grill closed all its restaurants in Seattle and Portland due to an outbreak of E. coli bacteria. The Huffington Post reported that 43 Chipotle restaurants in the Pacific Northwest region have temporarily been closed due to the E. coli scare.
New crowdfunding norms to push US start-ups
The newly-approved crowdfunding norms will enable start-ups to mobilize funds from mom-and-pop investors over the internet. The US Securities and Exchange Commission (SEC) has okayed the new rules on crowdfunding with a majority voting of three to one. The Business Startups (JOBS) act has been enacted with bipartisan support to facilitate new startups with more flexibility in the mobilization of funds. SEC also changed the audit provisions of the crowdfunding rules.
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Contrary to economists' expectations, the number of approvals in UK mortgages suddenly dropped in September for the first time in the past four months. The mortgages rose significantly in August indicating the highest level since early 2014.
General Motors promised The United Auto Workers union a $1.9-billion investment in US operations that would add 3,300 union jobs in the country under a proposed four-year contract.
Housing advocacy groups claim that local governments in Brazil are using the Olympics to defend forced evictions and segregation in Rio de Janeiro. In addition, the Ghana Olympic Committee has held a meeting with National Federation Presidents to prepare towards the2016 Games.
Microsoft officially anounced its Arrow launcher for Android. A customization application that enable Android users to modify how their device look and behave. The application is now officially available for download in Android Google Play.
Oracle Corporation, through its CEO Safra Catz, unveiled the company's plans to build a high school on its Redwood Shores campus.
There are new enhancements in Google Photos, including better app performance, face matching features, and it can also allow users to hide photos of specific people.
Apple and Irish band U2 collaborated on a 360-degree U2 music video produced by Vrse App, a platform for original VR content. The U2's "Song for Someone" music video is Apple's first experiment in mixing VR and music videos.
The first share sale made by an Indian airline in six years has gone on to receive bids that were 6 times more than the $460 million target set by the company. The company that held an IPO was InterGlobe Aviation Ltd., an air transportation services company with headquarters in Gurgaon, India.
Gold prices are at their lowest in three weeks after the Federal Open Market Committee announced that they won't push through with the interest rates hike.
