Alco closing all its 198 stores across the US after filing for bankruptcy
Alco, a major US discount retailer, will be closing all its stores after filing for Chapter 11 protection in federal bankruptcy court on Oct....
Amazon plans to launch free streaming video service with ads
Amazon.com reportedly would like to launch a free streaming-video service in 2015 with adverts. It won’t be the same as its current $99 per...
Samsung tries to stop Nvidia chips entering the US market
Samsung Electronic Co. filed a complaint against Nvidia Corp. as it tries to stop the Santa Clara-based technology company’s computer graphic chips from entering...
Bio-Bus that runs on human poop and food waste takes to the road
The first bus that runs on gases generated from human poo and food waste has hit the road in England. Its creator, GENeco, a...
Do Labour champagne socialists no longer represent the working classes?
It is one thing to say you are a socialist, and another to say you are and live in a £3 million home. But...
China cuts rates, less profitability for lenders
The Chinese central bank unexpectedly cut rates on Friday, reducing the benchmark lending rate by 0.4 percent down to 5.6 percent, and lowering its...
OPEC giant split set to occur at next meeting
When OPEC next meets in Vienna on November 27th, don’t be surprised if there is a giant acrimonious split between those who want oil...
Medibank flotation $5.7bn proceeds to be invested in infrastructure
The flotation of Medibank, Australia’s biggest private health insurance company, will earn the Government $5.679 billion. Finance Minister Mathias Cormann said the proceeds will...
Microsoft testing K5 robot security guards by Knightscope
Microsoft is testing out the "K5" robot security guards that can move autonomously and are equipped with advanced cameras and sirens and alarms that chime off...
Judge approves Apple’s $450 million E-book settlement
A federal judge in New York has approved Apple Inc’s $450 million settlement over E-book price fixing.
The final approval, which was granted by Judge...