SuperData Research reduced its 2016 virtual reality revenue outlook by 30%. The company expects to sell 16.8 million mobile VR instruments within 2016 end.

Verily has revealed images of its new gadget, the Connectivity Bridge, through regulatory filing with FCC on Tuesday. The gadget has been developed aiming to gain a foothold of the Alphabet subsidiary in the competitive healthcare business. Through the new gadget, Verily upholds its goal to shift the focus from intervention to prevention.

Asian stock market dropped starting Monday after three weeks rally. Concern over oil prices and economic outlook of China triggered the drop.

Indiegogo launched a year-long initiative to help give more support to female-led campaigns. Inspired by women entrepreneurs, the crowdfunding platform plans to host events and consultations for female-led campaigns, supported by other organizations.

Imperial Oil has entered into an agreement to sell its 497 Esso retail fuel stations for about C$2.8 billion. This transaction reflects the company's aim to widen its refining and oil sands businesses.

Whole Foods has been witnessing tremendous pressure from rival super market chains offering specialty and organic foods at lower prices. Solar providers supply power at reduced prices compared to commercial power tariff. To cope up with the market competition, Whole Foods has reached agreement with SolarCity and NRG for installation of solar systems in its several outlets.

The defense contractor will cut workers from its aircraft division, Lockheed Martin Aeronautics Company. The company announced on Tuesday to offer voluntary lay off to its employees.

U.S. Commerce Department puts export restriction on ZTE for violating export restriction to Iran. Starting Tuesday, ZTE will not be able to acquire U.S. products without export license

Perry Capital has recently invested $1 billion in investment grade bonds. The investment firm possesses a hedge fund of $10 billion and prepared to make investment. But Perry Capital leader Richard Perry waits for the suitable moment of investment.

In the wake of the ongoing legal dispute between Apple and the FBI over encryption, GCHQ director Robert Hannigan addressed the issue in his speech at the MIT. He calls for a discussion and cooperation between agencies and tech companies especially in the US and the UK.

AreaMetrics has completed a seed funding round of $2 million. The financing round was headed by Quest Venture Partners and Startup Capital Ventures.

Shark Mitigation System is going public and will list in the Australian Securities and Exchange with high hopes of becoming a 'global player' in the global shark and marine technologies.

Money manager Jeffrey Gundlach foresees the possibility of Standard& Poor's 500 index moving two percent upside and 20 percent downside. He considers the recent rebound in the market as a 'bear market rally.'

Top tech elites were reportedly involved in a secretive meeting to stop Republican front-runner Donald Trump. The forum was also attended by Republican leaders and other representatives from the private sector.

Statoil Energy Ventures announced its first investment worth at about US$3 million in United Wind. The fund plans a total investment of $200 million in wind energy over a period of 4 to 7 years.

It's a race for Toshiba Medical Unit between Canon, Fujifilm Holdings, Konica Minolta and Permira Holdings. Nikkei said Canon has the highest bid amounting to $6.2 billion. Whoever the winner is, will be decided on Wednesday.

The volume of Philadelphia's venture capital (VC) investments is showing a mixed pattern. Though VC investment grew in 2015 when compared with investments in 2014, the fifth largest city in the US has attracted venture capital investment less than its due share of total funding.

Cisco Systems Inc is investing $500 million in Germany and $150 million in Slack Technologies Inc. The technology major is working closely with German public sector companies on technology projects and the government in formulating technology policies.

Drug makers Sanofi and Merck & Co. will part ways by the end of the year sealing their partnership for the European vaccines joint venture. Sales has been declining and both companies agreed it is better if they were better off running their own businesses.

South Africa's gold industry is degenerating along with its economy. With the shut down of many gold mines, many workers are laid off leaving them no jobs and no food. This forces them to mine illegally and make their lives in jeopardy.

Member of Dunkin' Donuts's reward program in Rhode Island Massachusetts can now enjoy a mobile ordering service via "Dunkin VIP" mobile app, available for iOS devices. The company is seeking to roll out the program nationally and is collecting consumer data to achieve that goal.

Atlas Solution, a subsidiary of Facebook on Monday confirmed to cancel plan to integrate buying platform to its advertising platform. Bots and low quality ads has been the main reason.

Eurogroup President Jeroen Dijsselbloem said to begin review on Greece debt soon. The group will renew talk after Greek government continue its reform plan.

Chancellor of the Exchequer George Osborne face a hurdle in fulfilling his last year's ambition. In to eliminate budget deficit. Brexit issue and economic slowdown has decimated his plan.

Hyperloop, a high-tech futuristic transportation system initiated by Elon Musk, is now in progress with the help of crowdsourced teams formed after Musk open-sourced its blueprint. The technology will be tested this summer at SpaceX headquarters and is expected to be operating by 2020.

Long reluctance to e-commerce have delayed Costco operation to fully utilize the power of Internet retail. However, it seems the company has to start further the initiative as slow growth in Q2.

Fastjet has issued a profit warning once again owing to weak demand for flight journey. The company projects 2016 results to be below analysts' projection.

Brazilian iron ore miner Vale and Australian miner Fortescue, both have reduced their debt burdens significantly through disposing less prospective assets. Under such situations, news for tying up with each other seems to be unusual. But analysts observe the move as highly strategic to cope up with the market situation.

The Bank of Japan is reportedly anticipated to reduce its price and economic outlooks for the next fiscal years at a quarterly appraisal that is scheduled in April. The bank is trimming its growth outlook citing the failure of its previous stimulus pack.

Snapchat business is new, still evolving and advertiser interest is also experimental. But the app service provider has recorded revenue of $100 million during October last year. The company has set goal for up to $350 million revenue during the current year.