GoPro Inc., Sun Mateo, California based company is going to cut 7% people out of its 1500 employees following poor sales revenue in Q4. Some technical issues have been blamed for sluggish sales during the fourth quarter from the action camera maker’s behalf. But the company axes over the employees to restructure expenses. However, analysts presume, the fall in sales revenue may not be up to that magnitude.
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Morgan Stanley Refurnishes Fixed Income Division, Names Sam Kellie-Smith As The New Head
Morgan Stanley, has been reported to tatter with its fixed income division. Following the industry precedence of changing or reshuffling the executives, it has named Sam Kellie- Smith as the head of fixed income and commodities. The Wall Street Bank’s recent moves haven’t surprised the analysts at all.
Goldman Agrees To Pay $5.1 billion, Resolves 7 Years’ Pending Mortgage Security Dispute
Goldman Sachs Group Inc. has finally agreed to pay $5.1 billion on Wednesday to resolve a seven years’ pending dispute over faulty mortgage securities. The penalty amount remains lower compared to those counted by other Wall Street competitors. Fourth quarter profit of the firm may be hit by the penalty counting. But investors welcome the settlement and its share price rises by 1.5% on Thursday.
Hyundai recalls Elantra over control system
Hyundai Corp is expected to recall Elantra model vehicles from February 2016 onwards. It's noticed that the malfunctioning of electronic stability control system will suddenly result in reduction of engine power. The South Korean automobile major may recall over 150,000 Elantra vehicles to fix the stability control system in the vehicles.
Google’s Clay Bavor to lead company's newly created virtual reality team
Google’s product management VP, Clay Bavor, is appointed as the head of its newly created virtual reality (VR) computing division, showing that the tech company is now taking aggressive moves in the VR industry.
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The United Nation released a report on Tuesday revealing that the migration rate has surge by 41 percent in 15 years. The report also shows that the United States is leading the ranking with the most migrants living in the country.
Amazon has recently updated its Echo Smart speaker. The added features include playing Jeopardy through voice commands. This trigger word makes the artificially intelligent in built smart speaker to respond and get engaged with question- answer phrases. The updated Echo smart speaker will be charged through docked stations instead of traditional plugging in system round the clock.
Unlike six other times, Barack Obama will face an interview for the last time as an incumbent President in YouTube on Friday. This time he will answer the selected questions of a trio, who combined remains ahead of the President himself by a huge margin in terms of subscriptions. During his entire 10 years in the office, he has used technology to publicize behind- the- scene photographs as token of his goodwill gesture.
John Legere has been witnessing a social media riot centering his F bomb blasting during a question- answer session in Twitter on Monday. One of T Mobile’s ‘Binge On’ has reportedly withdrawn itself from the platform. The embattled CEO has been compelled to seek apology but tries to make it conditional. T Mobile is accused of violating net neutrality through throttling by EFF and net neutrality advocates.
Toyota Mirai has been represented with a flat antenna at this week’s North American International Auto Show in Detroit on Tuesday. The flat antenna technology is capable of widening the coverage area and shares the same communication standard across national borders. The Mirai trial still appears in the early testing stages and Toyota commits to install data communication modules in a wider range of vehicles.
The United Nations (UN) has received funding of $250million and needs additional $500 million for education programs for over one million Syrian children. Gordon Brown, the former UK Prime Minister and UN envoy for global education, is committed to mobilize money in next month. Brown has decided to raise money from the World Economic Forum (WEF) in Davos and other international conferences.
Socialist democratic China historically backs socialist North Korea in latter’s economic and political missions. North Korea has announced successful testing of hydrogen bomb on Wednesday last. Long time friend China this time joins the US fearing regional destabilization through the neighbor’s dreadful nuke tests.
On Wednesday, China revealed its export in December 2015 showed a 2.3% raise from November. Data from China's General Administration of Customs shows the nation's trade surplus, and the report has lifted the market a bit.
Researchers from Toronto General Research Institute, the National Microbiology Laboratory in Winnipeg, University of Toronto, the US National Institutes of Health, and the Canadian Blood Services, found a way to test Ebola in a more affordable facility.
