Industry
Asian Shares Reversed Its Gain After Oil Prices Retreat, Other Markets Also Under Pressure
Asian shares fell back from a seven-week high on Tuesday as oil prices fell more than 2 percent. The sudden drop happened after the Asia-Pacific indices rose to its highest level since the beginning of the year, after seeing the rise in oil prices before reversing back.
Mark Zuckerberg Supports Apple, Strongly Opposes Creating Backdoors For Law Enforcers
The US government has appeared in a row with Apple centering unlocking of encrypted data of an iPhone allegedly used by a terrorist. Apple opposes the demand citing creation of backdoors for the law enforcers, may lead to a potential abuse. Supporting Apple stand, Mark Zuckerberg has pledged playing due rolls in its fight while addressing in the Mobile World Congress on Monday.
Silicon Valley Enterprises’ Strong Valuation Softens In The Fourth Quarter
Silicon Valley tech industries have been witnessing a downward trend during the last couple of years. Fenwick & West LLP has revealed their fourth quarter findings on valuations of some Silicon Valley companies. The report shows a decrease in valuation position of the companies during the fourth quarter compared to the strong position in the third quarter.
Lumber Liquidators' shares drop as CDC elevates cancer risk factor in laminate flooring products
Lumber Liquidators' shares dropped as a CDC health report elevated cancer risk factor in laminate flooring. The formaldehyde content increased the risk of cancer in certain flooring products.