Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-Trade account.
Industry
United Airlines fined $2.75M for mistreating disable passengers, making travellers wait
The United Airlines was fined $2.75 million by the U.S. Transportation Department for violating the tarmac-delay rule and mistreating passengers with disability.
Lily self-flying camera drone earned $34M in pre-orders, says CEO
Lily Robotics’ self-flying camera drone sale has earned $34 million in pre-orders, announced its CEO at the CES 2016.
Aston Martin revealed Rapide, its lovechild with LeTV
Aston Martin partnered with China’s LeTV to come up with the Autolink Rapide S, which was showcased at the Consumer Electronics Show (CES) 2016.
Oculus Rift founder sorry for misleading consumers to ‘$350 ballpark’ price
Oculus VR founder Palmer Luckery said he is sorry for misleading consumers into believing that the Oculus Rift only costs $350, when it is really priced at almost $600.
Latest News
European shares begins to stabilize as Chinese stock rebounded. The condition also triggered U.S. stock to climb.
The new McLaren 675LT JVC Kenwood concept at the 2016 Consumer Electronics Show (CES) will have more advanced technology, especially on its windshield.
Saudi Aramco may tap capital market very shortly. The Kingdom of Saudi Arabia (KSA) is considering a major restructuring plan for the world's biggest oil producing company in the wake of lower oil prices. The Saudi government may also sell some of the stake in Aramco.
U.S. Marshall showed up at Consumer Electronic Show 2016 on Thursday. The federal official raided an alleged counterfeit hoverboard booth on court order, upon request from Future Motion.
One innovative product appears in CES 2016. OMsignal, the pioneer of smart clothing introduces a smart bra that is able to function as fitness tracker.
Lenovo starts its partnership with Google in project Tango. Qualcomm Technologies also work along with both companies in the project.
Alcoa Inc. announced that it will shut down one of the U.S.’s biggest aluminum smelters, Warrick Operations in Evansville, IN. The closure is expected to result in the loss of 1,270 jobs.
Oil prices plunge to the lowest level in more than a decade to below $33. The economic slowdown of China is also stammering global economy outlook even more.
The name Motorola will no longer be seen on mobile phones. Lenovo, its parent company announced to stop using Motorola name anymore in its mobile phone.
