Sectors
Teenage hacker cracked CIA director's email, targets Trump and Hillary next
CIA director, John Brennan's AOL email has been hacked. It was claimed by a high school student with the Twitter account of @phphax. The student cracker forewarns Donald Trump and Hillary Clinton as his next target.
Uber-like startup, Yidao Yongche receives $700M of investment
China uber-like startup, Yidao Yongche announced that the company will be receiving a huge investment from a Beijing-based company, LeTV. According to Yidao Yongche's statement, the three-year-old company is receiving investment worth $700 million by LeTv for 70 percent stake in the ride-hailing app company.
Alibaba does not want to be listed under "Notorious Market" list for this year
China biggest e-commerce company, Alibaba is currently improving their effort to engage with the U.S. Trade Representative to make sure its site will stay out from the agency's list of websites selling pirated and counterfeit goods. The company's affair chief, Eric Pelletier is among the person responsible in lobbying the agency.
IBM revenue down for the 14th quarter, cuts profit forecast
International Business Machines Corp (IBM) has announced more than projected fall in revenues as the stronger US currency put pressure on demand from China and other emerging economies. As a result, IBM has lowered its profit forecast for the full year. The revenues were down 13.9 percent to $19.28billion for the quarter ending September as against the forecast of $19.62bn. The latest drop in revenues marks the continuous fall for 14 quarters in a row.




