United States

GM Pre-Tax Profit Higher than Expected

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.


Volkswagen deals with multiple lawsuits, costing billions of euros

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.

Magic Leap releases new video on its augmented reality technology

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.

Ferrari prices IPO at $52 per share, bringing its market capitalization to $9.8Bn

Ferrari priced on Tuesday its initial public offering at $52 giving the high-end car manufacturer a market capitalization of about $9.8 billion.


Latest News

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.
Sony Pictures Entertainment has agreed for an $8 million settlement with the company's former and current employee after its data was stolen in a cyber attack launched by North Korea. During the breach, information of its employees was stolen resulting in a mounting of lawsuits from each employee involved.
Since October 21, 2015 is the day that Marty McFly and Doc Brown arrived in the future in 1989 hit sequel movie "Back to the Future: Part II," ride-hailing service Lyft offers New Yorkers a ride in a DeLorean, the time-machine car used in the franchise.
United Technologies Corp, one of the top US aerospace and building systems conglomerate announced a slight drop in its third quarter earnings. According to the report, the United Technologies' income fell to $1.36 billion compared to $1.85 billion in 2014. The company also announced a major restructuring plan that will be carried out before 2016 as a strategy to cut cost and improve company's revenue.
There are mixed opinions coming from the US Central Bank in the past few weeks, but the Federal Reserve policymakers aren't really as divided as they seem as they work under the same framework in determining when to increase interest rates.
Blackstone Group LP, the world's largest private equity firm is expected to be the next firm that will acquire the 11,000 apartment complex in Manhattan's Stuyvesant Town. Although the deal is not official yet, news has been circulating that the complex will be acquired by the firm for a value around $5.3 billion.
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.
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.
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.
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