Amazon will close its mobile point-of-sale system Amazon Register, and users only have until Feb 1, 2016 to switch to another service provider. Bidnes Etc reported that Amazon.com, Inc, which was just launched last year, is considered unsuccessful. The company no longer welcomes new registration for the mPOS. It will close down after February 1, but it will still provide transaction histories until February 28, 2016.
United States
Mixed Reaction in Asian Market As U.S. High Job Rates and Possible Fed Hike
U.S. jobs rate shows highest employment rate in seven years and dollar stays at seven month high. While Japanese and Chinese shares up, Asian stock markets were mixed as condition supports the case for Feds rate hike in December.
Weyerhaeuser's Plum Creek acquisition to create $23 billion timber company
Timber giant Weyerhaeuser Co will buy Plum Creek Timber Co. Inc., creating a $23 billion timber, land and forest firm, the largest the United States.
Nvidia clocks 42% growth in EPS in Q3
Nasdaq-listed Nvidia Corp has posted earnings per share (EPS) of 44 cents registering a 42 percent growth from previous year's 31 cents during the third quarter ending October 2015.
Two Fed officials say rate hike likely next month
There is a possibility of an interest rate hike next month, according to two senior officials of the Federal Reserve. Speaking before the House Financial Services Committee during a hearing on financial regulation, Fed Chairperson Janet Yellen said the economy had been growing at a pretty good clip, an indication it might be time to raise short-term interest rates.
Latest News
Smartwatch offers a new level of comfort with more than just a timekeeping. However, smartwatch have not been able to penetrate market well enough. A new innovation from Trivoly is expected to bridge the gap between mechanical watch and smartwatch. Chronos, a tiny disc that is able to turn regular wrist watch into smart watch is planned for shipping worldwide in February 2016.
Verizon Communications Inc. is considering to sell parts of its enterprise which could be worth as much as $10 billion. The company plans to focus on its core business.
Corn mazes and pumpkin patches provide additional revenue and interest on farms across West Virginia when harvest time has long past. But other agritourism opportunities exist, as a group of West Virginia producers found out during a four-month class that culminated in a two-day bus tour to Virginia and North Carolina this spring.
Faraday Future comes as a new challenger for Tesla in building electric car. The Chinese-backed startup company has invested $1 billion to build factory in America. Other than electric car, Faraday Futures also prepares "rolling smartphone" as a different business model in automotive industry.
Twitter Inc has replaced its star-shaped favorite icon with a heart shaped icon called "like". This is the latest effort by the Twitter team to make Twitter more engaging and attractive.
US consumers can now buy or lease the Mirai, Toyota's first fuel cell car that runs by combining hydrogen and oxygen to produce electricity. Since it runs on water, its only output is also water, which is clean enough to drink.
Best Buy will hold a one day in-store-only pre-Black Friday event on Saturday, offering exciting brands including Samsung, Sony TVs, PlayStation 4, Xbox, and Apple products. Gotta Be Mobile has reported that the sale would be held in 400 locations and buyers can save $70 up to $1,200 on their favorite tech brands. The event will be in a four hour window from 1 p.m. to 5p.m. local time.
Facebook hires software engineer Lior Gonnen, the founder and chief executive of Android news app Roundup. Venture Beat reported Facebook brought Gonnen in at their Menlo Park, Californian headquarters.
The Justice Department launched an investigation on drug makers Merck & Co, Valeant Pharmaceuticals International, and Eli Lilly & Co for alleged over pricing. The Wall Street Journal reported that the US Attorney's office in Eastern District of Pennsylvania, along with the Justice Department's civil division set a probe on Merck, Eli Lilly, and Valeant on how these drug makers calculate and report their product pricing to the government medical rebate program.
