Uber generated more revenue in 2015 than in the previous year. However, the company experience more losses in order to pursue growth.
Industry
Rear Camera of Galaxy S7 To Improve Image Quality In Low Light, Samsung Eyes For Better Sales
The much awaited Samsung Galaxy S7 has been spotted in wild of internet. The displayed image has quenched the thirst of fans while some remain undisclosed till now. The Galaxy S7 series is believed to reduce camera pixels a little compared to S6 series, but a little lower pixel will enable the camera to provide improved image quality when snapped in low light situation.
Portable Ultra Short Throw Projector, Introduced By Sony, Hits Market During Mid February
Sony has unveiled the portable ultra short throw projector first in the IFA Show during September last year. The product is going to be released in the Japan market on February 13 and will be available for around ¥93,000 ($798). Reason for enthusiasm about the tiny projector is that the device is capable of beaming image on wall from very short distance.
Tech Mahindra Manages $200 million For Investing In Startups Across The Globe
World Economic Forum (WEF) meeting is the perfect place to represent future business plans. Tech Mahindra, an Indian IT service provider, has been seeking opportunity to invest in startups since long. Finally, the Indian IT giant has chosen the meeting to elaborate its economic strength, technical know -how and keenness to portray itself as a potential startup investor.
Economists see robust hiring, housing in the US economy
The US economy is witnessing surge in job market and attractive mortgage rates. These positive factors are expected to boost the new home market. The US economy is forecast to grow at 2.7 percent in 2016 from 2.1 percent in 2015. Economists predict that the GDP growth rate may slowdown to 2.2 percent in 2017. The market for new homes grew 15 percent during the first 11 months of 2015.
Latest News
As winter storm is heading toward East Coast this Friday, flight disruption is expected. Airlines are offering refund and waiver to customers whose flight schedule is affected by the snow storm.
Microsoft Corp. CEO Satya Nadella announced that the company launched an initiative that would help university and nonprofits researchers for the next three years, by donating $1 billion worth of Microsoft Cloud Services.
After the remelting scandal that hit Mast Brothers’ hipster chocolate, certain retail stores selling the product claim that sales of the bar went down by 66 percent.
Facebook CEO Mark Zuckerberg, has continued his efforts to spread internet even in the poor countries through Free Basics or internet.org. Even in paternity leave, he responds to the criticisms placing arguments. But now, he is facing criticism even from his own house. An unidentified Facebook employee has appeared to criticize his moves and Facebook spokesperson hasn’t commented on such in-house resistance.
Greatist has raised 4.5 million US dollar in Series A round. The company will utilize the funds to add more staffs, on the advertising department, to create additional custom programs like events and original content, according to Derek Flanzraich, CEO of Greatist.
Skype aims to help users be more productive with the two new features for Skype for Android. With these new features, users can easily schedule calls and open Office files. Microsoft has been improving their apps, including its popular Skype to perform better in various platforms.
Las Vegas city cabs have overcharged the customers by a whopping $47 million, the findings reveal. The root cause of this extortion lies in its ridiculously high $3 credit card processing fees along with a hike in fuel surcharge. Long-hauling is also an added factor in duping particularly the tourists. The auditors have slammed some pretty harsh recommendations on the Nevada Taxicab Authority which regulates all Clark County cabs.
Chipotle will close their stores across the country on February 8 for a few hours so that corporate officials can discuss the new steps the company is taking about food safety. The chain has been hit by frequent outbreaks of food-borne illnesses in the past year, with the cause not yet announced.
A recent report showed the declining trend of people to have driver's license in United States. Research was conducted by University of Michigan Transportation Research Institute.
