Avon stock price has declined because it refused to go with the flow of the modern day industry where a lot of businesses make use of social media and other means to promote their products to drawing customers and generate larger revenue.
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Creditors Want Greek Grand coalition After Sunday Election
International creditors hope for a united grand coalition in the Greek government, especially between the Syriza and the New Democracy party, who are going neck to neck in the upcoming September 20 elections.
Facing sanctions, Deutsche Bank withdraws few services from Russia
Being faced with several odds in Russia, Deutsche Bank has decided to withdraw some of its services from Russia. The alleged share trading by Russian unit of Deutsche Bank has become subject to investigation in the US. The German bank may stop 90 percent of its banking services in Russia soon.
Disney animator draws characters in virtual reality through HTC Vive
Disney veteran animator Glen Keane shows how he creates virtual characters in a video sponsored by "The Future Of Storytelling" event in New York.
Is Russia bottoming out?
The latest data for August shows that Russia's economy is showing signs of slowing down. But the rate of decline is moderating, the real sector data is giving a sigh of relief as the worst conditions in the economy are softening, if not improving.
Latest News
Global cable group Altice is acquiring New York-based Cablevision for $17.7bn including debt. This makes Altice as the fourth largest cable provider in the US. Cablevision's CEO James Dolan will hand over the control to a group of Europeans after the Altice deal. Altice will pay $34.90 a share in cash taking the valuation of Cablevision equity to $9.6bn.
American technology giant in global database industry Oracle Corporation is shifting its focus on cloud offerings. Of late the database major has been facing stiff competition from new technology companies which offer cost-effective solutions via the internet. The shift to cloud could affect Oracle's revenues coming from business fee from existing customers running Oracle software at their data centers, analyses technology experts.
A tame inflation complicates the Federal Reserve's decision whether to raise interest rates this week. Data show that despite many signs of economic improvement, the pace of growth of US consumer prices last month was well below the central bank's target.
The recent survey from Reuters shows that U.S. universities are the home of the most innovative projects. Though Asian universities have been fairly competent with universities from Korea, Japan, Singapore, and China.
Family business contribute over 70 percent of global productions, but owners of them don't update their estate planning. It's estimated that over 50 percent of family business owners didn't update estate planning for more than five years. Perfect and updated family planning ensures the smooth transition of a property from one generation to other while exploiting many tax benefits as well, advise experts.
American global conglomerate General Electric (GE) has floated a new unit 'GE Digital' to position itself a leader in Industrial Internet of Things. The newly created unit GE Digital will integrate GE software center, knowledge of its global IT teams and industrial security expertise of Wurldtech. Bill Ruh has been appointed as Chief Digital Officer to lead the GE Digital. GE Digital aims to be among global top-10 software companies by 2020.
On October, Bond fans will soon see their hero in cinemas again chasing villians in a hybrid supercar. Jaguar Land Rover provided the cars for the new Bond film 'Spectre' that will surely amaze the one driving it and the audiences as well.
New upgraded Theta S Camera to be launched in October with better 360° capture, more convenient size
Ricoh's new, upgraded Theta S camera will be launched next month with a better quality 360° photo capability and a more convenient size. Ricoh launched its small, stick-shaped 360° Theta camera in 2013. It can take spherical photos and videos.
Sony announced the change of name their game device from Project Morpheus to PlayStation VR as it enables players to feel like they are physically inside the game's virtual world. Sony has decided to change the name of its device Project Morpheus to PlayStation VR. The announcement was made at the Tokyo Game Show tweeting out as well the news from the official PlayStation Twitter account, Wired reported.
