Nest sparked outrage this week for disabling its smart home hub. It raises concern about customers right and ownership in the IoT era.
Sectors
Bharat Forge may derate further on lower US orders
Bharat Forge's stock is likely to derate further in the wake of continuous fall in US truck orders. The US class 8 truck order inflows declined 36 percent in March 2016, putting more pressure on earnings.
Capital outflows to push emerging markets into crisis, cautions IMF
International Monetary Fund (IMF) has warned that slower growth rates among emerging markets are causing cash outflows and could cause another bout of crisis. Narrowing differential in growth prospects between advanced and emerging economies may add to the crisis situation again.
Valeant Stocks Continue to Rally in Two Days After Comment from Bill Ackman
Bill Ackman made nearly nearly $170 million in one day in a Valeant two-day rally. His comment on Valeant Pharmaceutical showed his capability as a remarkable hedge fund manager.
3D Printing Pen, BioPen, Will Enable Surgeons Draw Stem Cells Onto Patients' Bones and Joints Directly
BioPen uses 3D bioprinting technology to enable surgeons draw viable human stem cells in order to reconstruct bones of damaged joints. The product is still at the R&D stage and is still being actively tested and improved.
Latest News
Hennes & Mauritz's quarterly sales including VAT rose by 9% in domestic currencies. The company's quarterly profit declined 30% as dollar increased over local currencies.
Pfizer, a US-based drug company, is said to dismiss its merger deal with Allergan. The US drugmaker wants to quit from the $160 billion merger deal since Washington authorities set new rules, making corporate inversions harder.
Societe Generale said that it stood by all the rules of its operating nations. The bank confirmed that it no longer detained any establishments in the process in the Non-Cooperative Countries and Territories.
Wal-Mart pledged not to sell eggs from caged hens by the year 2015. It supports the advocacy of the well treatment of the fowls assuring it has enough food and space to roam around and free from mental distress that result in more egg production.
US oil prices gained 5.18 percent owing to an unexpected drop in domestic crude stockpiles. US crude stocks eased by 4.9 million barrels last week as imported declined.
Samsung is establishing itself as India’s number one smartphone manufacturer. The company credits strong sales for its new series of mid-tier products with new special features.
HERE was a Nokia map service purchased by German car makers consortium last year. This Wednesday, Daimler confirmed Microsoft and Amazon is in talks with the consortium.
United States Justice Department has prepared a lawsuit to block acquisition of Baker Hughes. Halliburton took over the company in November 2014.
Intel announced the acquisition of Italian semiconductor company on April 5. Yogitech will enhance Intel's Advanced Driver Assistance Systems (ADAS) technology.
