Investors sue KaloBios Pharmaceuticals Inc. to return $5.4 million of their investment. The investors were brought in by Martin Shkreli. KaloBios Pharmaceuticals Inc. filed for bankruptcy in late December.

Economists express concerns over the repetition of property bubble in the US market as it's overvalued. Analysts estimate that the real estate is overvalued in the range of 25 percent to 60 percent considering the average price and average income in a particular area. However, the US property market is attracting more foreign investment and it's forecast to be higher than in 2015.

China's slowdown has caused negative effects in businesses and countries around the world that financially depend on a large chunk of business with the Asian country. China must transition into a consumer drive economy in order to grow in the future, but the steps necessary to do so are complicating their international partnerships.

Apple has revealed a glitch in its News app causing the company with lesser number of visitors count compared to the reality. However, Apple is reportedly to be working on the problem and it will be solved soon.

Former Facebook exec Sean Parker gave $500,000 to a newly formed group that aims to legalize recreational marijuana use in California.

Mercedes-Benz outsells Audi in global market, thanks to the strong sales in China. The race for the top rank for luxury automaker sales heats up as Mercedes-Benz overtakes Audi in global sales last year, thanks to strong China sales.

After the cancellation of short-term credit facility from Citigroup, South African Airways is in the process of getting guarantee support from the government. South African Airways has had seven CEOs during the past three years. The National Treasury is exploring ways to restore financial support to the airline and will restructure the board as well.

South Africa plans to import 5 million tonnes of white corn from South America as the worst drought since 1992 continue to ravage the area, according to Grain SA, the biggest producers association in the country.

The shopping volume during the US holiday season registered an overall growth of 2.4 percent during 31 October 2015 to 4 January 2016. However, physical sales at malls were not equally rosy as online sales rose 4.6 percent. It's estimated that restaurants and travel segments recorded good business this holiday season as US consumers prefer to spend more.

Chinese phonemaker Xiaomi introduces its new Redmi 3 on Monday. With its full-metal body, the Redmi 3 is a beautiful phone with unexpectedly lower price.

Ted Anthony, AP’s Director of Asia- Pacific news has named Gillian Wong as the News Director for Greater China. Wong, a career journalist is famed for her vast knowledge over China following his coverage over this territory since 2008. The charismatic journalist is going to serve AP from Beijing in its 2nd phase after fist one ended in 2008.

After rising over three percent recently, Japanese Yen eased after the strong guidance on Yuan by China's central bank. The Greenback against Japanese currency fell to its lowest level since August 2015. Several emerging economies' currencies were reeling under pressure.

The Chinese startups showing off their products at CES this year demonstrated the large amount of innovations being created in the country. The companies debuted impressive smartphones, car-smartphone integrations, and giant helicopter-like drones.

David Marcus, VP of Messaging Products has written a blog post outlining how their Messaging app will eventually end the need for phone numbers. The app has grown in its user base and Marcus sees only more growth in the future.

Pfizer and other pharmaceutical companies still increase its drugs price in U.S. despite criticism. Mounting objection from politicans and lawmakers is unable to stop market power of companies in the multi-billion dollar phamaceutical industry.

Morgan Stanley, the America based Global financial services firm has described Cincinnati based Kroger as a potential business competitor to Amazon, Walmart followed by a study. The new ecommerce platform has got momentum and enormous popularity due its unique offerings. However, another study has depicted Kroger as a threat to Publix, still remaining away from Amazon or Walmart.

The most wanted drug lord, El Chapo Guzman will be extradited to U.S. following his arrest by Mexican authorities. Prior to his arrest, actor Sean Penn interviewed the drug lord in his hideout.

Brooks’ Place, a barbeque joint in Houston, Texas, welcomes the gun carrying customers through a sign placed at its entrance. The smokehouse also offers a 10% discount for the handgun. Some business places have still continue to bar carrying guns in public, while some others remain hesitant in choosing a stunt.

The ban on south Indian bull sport ‘Jallikattu’ has been lifted ahead of Assembly elections in Tamilnadu state. Jallikattu has been in practice in Tamilnadu for thousands of years and is being held during Sankranti festival season in January. Majority of Tamil people and politicians are thanking Narendra Modi-led NDA government for lifting the ban on Jallikattu, while animal welfare activists are opposing it.

South Korean automobile giant Hyundai is increasing production of SUV vehicles. The company is struggling with sluggish sales in Sedan segment. Hyundai will increase the supply of Santa Fe Sport vehicles in both the formats - small crossover and large crossover-to explore the growing the SUV segment in the US market.

Overproduction of last year's crops in the U.S. still affect the price in futures trading. Meanwhile farmers is predicted to still harvest a big yield of soybean and corn in 2016.

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.

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.

Office of Management and Budget director, Shaun Donovan, tweeted Thursday that President Barack Obama’s fiscal 2017 budget request will be rolled out on February 9.

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.

The recently concluded CSE 2016 has witnessed demo of a smart motor cycle helmet by BMW Motorrad that is capable of displaying certain information. The helmet will run with two replaceable batteries with a life time of five hours in operation. It is expected to hit the market within a few years and thus BMW approaches to the world of augmented reality.

China seeks to disarm North Korea nuclear weapon. Beijing has initiated dialogue with South Korea after North Korean conducted its fourth nuclear test on Wednesday.

State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

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.

Researchers from the University of Lincoln in the United Kingdom will examine fingerprints and palm prints of people who lived in the 12th to the 14th centuries through a project called Imprint.