IRS has fined some 8 million people and 1.4 million households are forecast to fall prey of fines due to ignorance on new healthcare law. Commonly criticized as the Obama Care Law, the new law instructs all Americans to go through insurance net. But mainly due to ignorance about mandatory submission of tax returns and moreover legally remain exempted from tax net, have fall victim to count fine for $210 each.
Industry
Apple will build a tool to transfer data to Android
Apple has agreed to build a tool that will help users to transfer data from iOS to Android due to lots of pressure from mobile carriers. Although the company has not specified the date of release, the news means that Apple is ready to open up its ecosystem and will be in fair competition with other manufacturers.
Following Turbulence in China, Asian Stocks Stumble and Rand Sinks
Asian market hit a worst week starting the 2016 trading. Global market also slipped following the turbulence in China.
Volkswagen proposed for a new catalytic converter for its car cheating scandal
Volkswagen has come up with a new solution to solve the car emission problem and is planning to install a catalytic converter to the car involved. The catalytic converter will also include installation of a urea tank to help break down the Nitrogen Oxide.
'Summon' Enables Tesla S to Get Parked Autonomously Even In Squeezed Places
Tesla S has got a new update of beta version software 7.1 named 'Summon', featuring to work with a distance of 39 feet without having a driver inside. In line with the existing Federal law, the autopilot is only allowed in private lands. However, the only reported shortcoming regarding inability to park autonomously is believed to eradicate with further developments in the near future.
Latest News
Google and Huawei presented new color to Nexus 6P flagship product: matted gold. Previously only available in Asia, but now it can be purchased in the U.S.
In a major setback, Silicon Valley’s largest startup accelerator reshuffles assignments for top executives. After five years of joining, Gmail and FriendFeed dreamer Paul Buchheit replaces Sam Altman as managing partner of startup accelerator’s core program. Sam Altman is reportedly assigned to advise his successor managing partners while overseeing the entire program.
Pfizer today confirmed that the company has increased the price of some of its drugs although it was not revealed how many drugs are involved with the price hike. According to a data by Wolters Kluwer which revealed that more than 100 types of drugs has been increased in its price starting on January 1st.
The Philippine peso is the least loser among emerging-market in Asia this week, thanks to the remittance from its overseas workers and outsourcing industry, which shielded it from the Chinese economic slowdown and increase in US interest rates.
McDonald’s launched a new makeover for its packaging using bold, bright colors on cups, boxes, and bags that will become more appealing to customers.
An Etsy shop makes it possible to put one’s face on his or her Lego mini figure. For $30, a new technology lets Lego fans, who have long dreamed of seeing their own faces on Lego mini figures, get their 3D faces printed and pasted on Lego refrigerator magnets or cake toppers, or more.
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 Robotics’ self-flying camera drone sale has earned $34 million in pre-orders, announced its CEO at the CES 2016.
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.
