The measures by Barack Obama-led US government to keep more pressure on lawmakers to bring Puerto Rico out of the economy crisis are facing strong resistance from Republicans. The US Treasury has listed out proposals, for which it sought the support of Congress to enact them to help the US territory Puerto Rico Island in dealing with the ongoing financial crisis.
Regions
Carl Icahn will spend $150 million to lobby the congress
The billionaire and activist investor, Carl Icahn announced that he is trying to lobby the congress to pass a new tax reform law that will not allow any US corporation from running business overseas just to avoid taxes. According to Icahn, he is planning to put forward $150 million into the new law known as super-PAC.
Dyson's robot vacuum gets an exclusive release in Japan for $1,200
After nearly 16 years in the making, Dyson's robot vacuum cleaner is finally getting a release date in Japan with a price tag of ¥149,040 or USD1,200.
GM Pre-Tax Profit Higher than Expected
General Motors pre-tax profit for the third quarter has increased by 37 percent or $3.1 billion thanks to a strong truck and SUV sales in North America and improved performance in China.
Volkswagen deals with multiple lawsuits, costing billions of euros
Numerous possible class-action proceeding have been filed in Michigan against the German automaker Volkswagen due to emission scandals. US regulators are coming up with more questions of the car behemoth.
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Augmented reality company Magic Leap has always been tight-lipped on the advanced technology it has been cooking in the lab, but on October 20 it released a teaser video on just how incredibly unbelievable its capabilities are.
Ferrari priced on Tuesday its initial public offering at $52 giving the high-end car manufacturer a market capitalization of about $9.8 billion.
Right after defeating his rivals, Canada's new Prime Minister is immediately under heavy pressure to perform and deliver on his promises, especially on climate change, legalizing marijuana, and fighting terrorism.
The Finnish telecom network equipment maker Nokia's acquisition plan for French rival Alcatel-Lucent has received the conditional clearance from the Chinese government. The China's Ministry of Commerce has approved it with some conditions on the Euro15.6billion ($17.6bn) deal's antitrust process.
The anti-reflective display coating of some Retina MacBook Pro owners easily wear off and get scratched. This problem has sparked complaints among users and has made its way into Social Media and the Apple Support Communication. This problem has been called the "Staingate" issue. To handle the situation, Apple came up with a new Quality Program that would address the problem.
Google Inc offers free apps for work business that are currently locked into agreements with other office software vendors. The free apps will make it easier and cheaper for big companies to walk away from Microsoft Office.
There were reports from Apple's iPhone users getting frustrated with data overage charges that have been caused by activating the Wi-Fi Assist feature. It has caused higher phone bills to subscribers.
Google has released a new generation of Android phablet for 2015, The Nexus 6P. Made by Huawei, Nexus 6P offers slimmer and sleeker design, yet lower at price compared to Nexus 6.
Adidas will open Speedfactory in Germany and in the U.S. The Speedfactory will boost the manufacturing process of Adidas shoes through the automated technology. The two factories will be fully integrated by the year 2020.
