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.

German factory orders grew 1.5 percent in November more than economists have projected mainly driven by the strong domestic demands.

TransCanada Corp sues US government to reverse President Barack Obama’s decision to reject its Keystone XL pipeline. Canadian firm also seeks $15 billion in damages from the North American Free Trade Agreement.

The 2017 Mercedes-Benz E-Class is given permission to test driverless cars in Nevada, making it the first “standard-production” vehicles to get public autonomous testing license in the state.

Despite the threats that Apple Watch could fail, the company’s COO Jeff Williams said in a radio interview that they have been receiving “tons of emails” from people who say that the device actually saved their lives.

Alexander & Baldwin Inc., the last sugar plantation Hawaii, will stop producing sugar by the end of 2016, ending an important industry to the island’s economy.

Amazon has reportedly reiterates its presence in the microchip arena through unveiling acquired concern, Annapurna Lab’s Alpine. Through currently retailing a very meager market share compared to Intel’s strong dominance over chip arena, Alpine appears as a potential threat to the latter. But the unveiling event has been dominated by reduced rating points over in price index.

Researchers in NASA is moving one step further to introduce a hybrid airplane technology in concluding its ERA project. The airplane will be able to fly on both fossil fuel and electricity, similar to hybrid car technology.