State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

IRS has fined some 8 million people and 1.4 million households are forecast to fall prey of fines due to ignorance on new healthcare law. Commonly criticized as the Obama Care Law, the new law instructs all Americans to go through insurance net. But mainly due to ignorance about mandatory submission of tax returns and moreover legally remain exempted from tax net, have fall victim to count fine for $210 each.

Google and Huawei presented new color to Nexus 6P flagship product: matted gold. Previously only available in Asia, but now it can be purchased in the U.S.

Pfizer today confirmed that the company has increased the price of some of its drugs although it was not revealed how many drugs are involved with the price hike. According to a data by Wolters Kluwer which revealed that more than 100 types of drugs has been increased in its price starting on January 1st.

Delhi residents have been witnessing chilling cold, drizzling and heavy fog. The Fog is so dense that visibility range has been reported to remain around 75 meters during 10 am to 4 pm. Despite adopting highest ILS, CAT IIIB, air movement has been kept stalled for around 6 hours. According to IGIA met office partly thundery weather may prevail on Sunday next.

Apple is possibly going to bid farewell to the headphone sockets in its new models of iPhone 7/ iPhone 7 plus/ iPhone 6C. This process will make the phone even thinner than normal, while Wolfson Microelectronics will remove background noise during listening to music and making phone calls. But all the changes, Apple is rumored to adopt, are features borrowed from market rivals.

Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-Trade account.

European shares begins to stabilize as Chinese stock rebounded. The condition also triggered U.S. stock to climb.

Saudi Aramco may tap capital market very shortly. The Kingdom of Saudi Arabia (KSA) is considering a major restructuring plan for the world's biggest oil producing company in the wake of lower oil prices. The Saudi government may also sell some of the stake in Aramco.

U.S. Marshall showed up at Consumer Electronic Show 2016 on Thursday. The federal official raided an alleged counterfeit hoverboard booth on court order, upon request from Future Motion.