Industry

GM And Chinese Coportation Open Cadillac Plant in China To Woo Luxury Market

GM with its main Chinese partner have opened a Cadillac plant in Shanghai on Thursday, 21 Jan 2016 to take advantage of the potential growth in the overcrowded luxury market of China. Cadillac plant has capacity to produce 160,000 vehicles annually. Cadillac believe the luxury car market offer a lot margin opportunity notwithstanding pressure in pricing. Shares of GM have been reported trading on NYSE higher by more than 1 percent on Thursday.


Updated Dropbox Integrates Windows 10, Cell Compatible Version To Be Released Shortly

Windows and Dropbox, bonded with a partnership, have announced updating of Dropbox through integrating with Windows 10. The Windows 10 compatible app offers some new extraordinary features. But mobile compatibility of the app is widely desired since it will allow to open synced files from the account storage cloud at any moment.

Schlumberger reports Q4 net loss of $1 billion, cuts 10,000 more jobs

Schlumberger Ltd, on Thursday, reported a net loss of $1 billion for the fourth quarter and also said that it has axed 10,000 additional employees, as an effort to adjust its resource and cost base.

Capital drains from emerging markets

Capital outflows from developing markets were higher than it was anticipated last year, according to a report by Institute of International Finance. The reason behind this oceanic change in emerging markets cash flow is China, which dragged out 676 billion US dollar.


Latest News

The 10-time world champion Oscar De La Hoya teamed up with FilmOn TV Networks to two boxing channels called The Ring and Golden Boy Channel. This is a treat for the Golden Boy’s fans who are looking to relive his glory days on their TV screens.
The “Real Deal” value offer is launched as a response to the so-called price war joined by other fast food restaurants, including McDonald’s, Wendy’s, Burger King, and others. Carl’s Jr. and Hardee’s Real Deal differs in menu set items as the parent company aims to give a real value option to customers.
Vietnam warned China against drilling an oil rig in borderline waters in the South China Sea. Vietnam's anxiety over the rig develops subsequent to a recent flight testing carried out by China on a fake island in Spratly archipelago.
Costco is one among the best places to buy every single men's underwear and accessories including belts, socks and undershirts. Men's Outdoor Trail Sock that carries the Kirkland Signature is one among the best quality in men's sockdom and a four-pack of the trail socks costs just $12.
The survey revealed that one of the top concerns defining most U.S companies' tough times doing business in China is uncertain regulations that they perceived as unwelcoming to foreign companies. The slowing of China's economic growth also remains a concern, along with rising labor costs, censorship, and air pollution. However, China is still most foreign countries' investment priority among other markets.
The publishing company has experienced tough times in the market where profits declined and shares dropped. The plan is expected to deliver more earnings growth in the long run with the simplification and reducing of costs. The company's chief also attributed their difficult times to challenging markets and unpredictable changes.
Apple just released iOS 9.2.1 that fixes an iOS bug allowing malicious agents to impersonate end users' identities by granting the read and write access to website cookies.
Oracle has been accusing Google for violating copyright law through using Java operating system in Android for long five years. The search engine provider has failed in its earlier bid to derail the case in the US Supreme Court and lawsuit proceeding has resumed in a North Carolina District Court. The database maker’s attorney has placed to Google’s financials to claim a margin from Google’s earnings since its introduction of Androids.
Internet of Things (IoT) has appeared as an exciting new technological chapter. Inclusion of more devices to the network poses huge risks of cyber attacking. Raising awareness among the device users has become a prime concern while combating with cyber threats. Despite all precautionary efforts, war against cyber hackers will cost around $6 trillion by the next five years.
Amazon, among retailers, has started offering full refunds for hoverboards in US and Canada ahead of growing concerns for reported fire incidences. CPSC is investigating two wheeler balance boards manufactured by 13 companies. Earlier, the retailing giant has offered refund for the UK customers. Intriguingly, hover boards of different manufacturers are still being sold amidst offering refunds.