Tim Cook, Apple's CEO was spotted visiting the BMW's production area in Leipzig, Germany. There are rumors that Apple is planning to develop its own car based on BMW's i3 technology given that Apple is working out on Project Titan.
Sectors
Running out of steam: Energy sector is underperformer among all 10 sectors in S&P 500
Energy sector was the prime culprit among other stocks including materials and biotech, that pulled S&P 500 and Dow Jones lower recently. S&P 500 fell 2.2% and Dow eased 2.9% during the week ended 24 July. S&P 500 suffered biggest weekly decline since March.
Mitsubishi Motors plans Japan, SE Asia, Russia output focus after U.S. pullout
The president of Mitsubishi Motors Corp (7211.T) said Japan, SouthEast Asia and Russia will become the automaker's principal production hubs after it calls time on making cars in the United States later this year because of dwindling output there.
China state-owned margin lender returns market-steadying funds early
The China Securities Financial Corporation (CSFC) has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilize the stock market, three people in the banking industry with direct knowledge told Reuters.
Apple treats Mac App Store developers like second-class citizens, Consumers will also be Affected
Compared to their iOS counterparts, Developers in the Mac App Store are making significantly less money and feels like they are treated like second class citizens in the world of Apple. This is bad news for developers and consumers alike.
Latest News
Nvidia has announced that a major update is now available for their Android-based Shield Portable Handheld Console. This new update follows last February's release, which featured system stability fixes and improvements to how the console's system runs and handles emulators.
Senators from both the Republican and Democrat sides of the US Senate have come together to enact legislation that will enhance the powers of the US Department of Homeland Security in order to protect government Internet addresses.
Online video sharing, YouTube, announced that they hired MTV’s former president of programming, Susanne Daniels, as vice president to YouTube Originals. Basically, the target is to generate more original online programs on the website.
The much awaited launch of Apple Watch is believed to be a success despite the absence of official data pertaining to its sales. According to research firm Strategy Analytics, Apple Watch has secured 75% market share in the global smart watch segment as the estimated shipment was at four million units during the second quarter of 2015.
Amazon.com Inc. has surpassed Wal-Mart Stores Inc. in market value. This comes after the online retailer reported revenues and profits exceeding Wall Street expectations for the second quarter ending June 30.
AT&T recorded 1.4% growth in revenues taking to $33 billion during the second quarter of 2015 and increased the number of wireless customers by 2.1million during the period. The market analysts projected that revenues would be $33.07billion. Earnings per share (EPS) of the company grew 61% to 69 cents.
NBA superstar LeBron James announced on Wednesday he is teaming up with Warner Bros. through his entertainment company, Springhill Entertainment, to produce and co-own TV programs, movies and digital contents.
Honda Accord 2016 was launched in the Bay Area, showcasing Apple's CarPlay and Google's Android Auto
Honda launched Accord 2016 at the San Francisco Bay Area with Apple's CarPlay and Android Auto. The car manufacturer also opened its Mountain View Research and Development Facility, which will concentrate on developing new technologies for upcoming editions.
An 80-year old pensioner from Manchester, England has been fitted with a functioning bionic eye, restoring his central vision after a decade of partial sightedness.
