3D sensor maker Occipital gets $13 Million in Series B funding

Software startup Occipital has announced that the company received a round of funding from a group of investors. TechCrunch reports that the Series B funding worth $13 million was raised from investors Intel Capital, Shea Ventures, Grishin Robotics, and Foundry Group, who had previously participated in the first round of funding for Occipital.

Pacific Rim free trade talks fall short of deal

Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs.

BMW CEO hints there is space for more electric models

The chief executive of BMW hinted in a German paper that there was potential for another of its "i" electric car models.

Germans fret over Europe's future but still believe

The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.

China central bank official sees downward pressure on economy persisting: paper

Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying.

Nestle India targets growth in other businesses after Maggi scare

Nestle India Ltd will focus on growing its dairy, coffee and confectionary businesses, its new boss said, as the company battles to bring back its popular Maggi noodles that were pulled from shelves over safety concerns.

US tech companies lead the $100B market capitalization list

Three of the top companies by market capitalization in the US are technology companies established after 1970 that make waves in the global markets until today.

Germany's Schaeuble wants to rebalance EU Commission's role

Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows.

China says needs to ensure economic risks don't turn into social risks

China needs to ensure that risks presented by a slowing economy do not morph into social risks, the state planner said on Friday, acknowledging the problems the country faces should unemployment rise.

Barclays cuts 150 investment bank jobs under cost-cutting plan

Barclays Plc (BARC.L) is cutting about 150 staff from its investment bank as part of the British bank's attempt to cut costs and improve profitability in the business, a person familiar with the matter said.

Americans saving more, but not for retirement

A greater number of Americans are saving their hard-earned money, not for retirement but for emergencies. According to an annual survey by financial research firm Hearts & Wallets, household savings in 2014 was at 5.5%, nearly a percentage point higher than the previous year.

Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?

The creditworthiness of the world's largest economy seems to be drenched as US treasury has stopped issuing further debt citing reasons for reaching the borrowing ceiling.

Facebook posts Q2 gains, but expenses worry investors; shares rise, fall

Facebook has met nearly all expectations for the second quarter, yet shares fell soon after the release of its earnings report.

Yahoo paid out more that $1 million to vulnerability reporters in their Bug Bounty Program

Yahoo has revealed that it has spent more than $1 million dollars for security researchers participating in their Bug Bounty Program.

Donald Trump sells New York property for $21 million

Controversial real estate mogul and presidential hopeful Donald Trump has sold his New York Trump Park Avenue penthouse for 21 million dollars, said real estate listing agent Michelle Griffith.

Victoria's Secret is losing $9B for casting out plus-size lingerie

Victoria's Secret, the leading lingerie brand dominating the 35% of the market is losing $9 billion opportunity for missing out plus-sized underwear in the line.

Stronger US dollar is a threat to emerging markets' currencies, and to US economy

The 40-year record high of US dollar against some major currencies is ringing alarm bells for another currency crisis. The ongoing situation could also trigger for another round of crash in the emerging markets. The world is more integrated now than in those days of 1980s and 1990s that witnessed major currency crisis.

Yemeksepeti CEO in Turkey gives out $27M to employees after sale

Nevsat Aydin, the co-founder and CEO of Yemeksepeti, an online delivery website in Turkey, shared $27M of revenue to its 114 employees after Delivery Hero acquired the company in May.

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