To enhance passengers in-fight entertainment experience, United States-based airline carrier, Virgin America is introducing its latest version of its "Red system", which works on an Android platform and uses a high resolution multi-touch screen, like today's smartphones. The Android-based entertainment systems also gets more storage capacity, more games, improved maps and surround sound technology from startup Dysonics.
United States
Fed says U.S. economy strong enough to handle rate hike
The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, but concerns remain over the recovery of the labor market, U.S. Federal Reserve officials said on Wednesday.
Starbucks to close all La Boulange retail locations
Starbucks Corp, the world's biggest coffee chain, said it would close all 23 of its La Boulange retail locations by the end of September as the stores were not sustainable for its long-term growth.
Adobe profit beats analysts estimates; forecast disappoints
Photoshop maker Adobe Systems Inc (ADBE.O) reported a better-than-expected profit for the sixth straight quarter, helped by a 12 percent sequential jump in annualized recurring revenue in its digital media segment.
U.S. building permits near eight-year high; starts pull back
U.S. permits for future home construction surged to a near eight-year high in May, suggesting a building up of momentum in housing and the broader economy after a dismal performance at the start of the year.
Latest News
The U.S. Federal Reserve is on track to raise interest rates for the first time in nearly a decade in September, according to a Reuters poll that suggests economists now are mostly confident about that timing.
Apparel retailer Gap Inc (GPS.N) said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand.
Drugstore operator CVS Health Corp (CVS.N) will buy Target Corp's (TGT.N) pharmacies and clinics in a $1.9 billion deal that should help it bargain with drug makers for lower prices, while freeing Target from a costly business where it struggled to make a profit.
Stocks fell on Wall Street on Monday as investors fretted over the consequences of a possible debt default by Greece, but talk of multi-billion dollar healthcare deals buoyed shares in the sector, cutting into the market's loss.
Twitter Inc's (TWTR.N) next chief executive officer faces a crucial challenge as the company seeks to appease Wall Street after last week's management shakeup - helping disaffected advertisers connect with users.
Giant Swedish game publisher Starbreeze invested $1.4 million in Cmune, a shooter game specialist company. VentureBeat reports that Cmune will bring Starbreeze's popular PAYDAY franchise into the mobile device platform.
Catalia Health chief executive Cory Kidd's dream of improving personal health through robotics is fast becoming a reality as his company raises $1.25 million in seed funding led by investor Khosla Ventures.
Dinosaurs rule the earth again after "Jurassic World" debuted to a dominant $204.6 million at the domestic box office this weekend.
In the near future, iPhones as well as iPods and iPads may be manufactured in India. The main manufacturing partner of Apple Inc, Foxconn Technology is said to be in talks with the Indian government in order to build its manufacturing units in western Indian state of Maharashtra, according to a Reuters report.
