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.
Sectors
Alphabet reports an increase in revenue and announces shares buyback plan
Google's parent company, Alphabet Inc recorded a better than expected revenue after its third-quarter report shows that its revenue has increased by 13 percent. The great return report, together with an announcement of buyback for its class C shares had sent the company's share price to break previous resistance to a new high.
Drop in China sales hits Hyundai's profit
Hyundai Motor Co's net profit for the third quarter ending September fell 23 percent. The steep fall in China sales coupled with aggressive global incentives impacted the South Korean automobile major's performance in a more negative way.
Motorola's new phones said to have 'shatterproof' display, 2-day battery life
Motorola, the second largest wireless carrier in the US, is expected to release new phones that have advanced features including a "shatterproof" display and a 2-day battery life.
Google to Launch YouTube Red to Enter the Subscription Streaming Market
Google-owned YouTube will enter the subscription streaming market next week, launching the new YouTube Red, an ad-free video and music streaming service with a monthly fee of $99.9, and $12.99 monthly for iOS users.
Latest News
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.
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.
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.
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 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.
