Seven tech companies formed an alliance to develop a new standard for open source video format

Seven technology giants; Google, Netflix, Mozilla, Microsoft, Cisco, Intel and Amazon collaborate to work on with an open source video format that would abolish video plugins soon.


US job gain projections turn spotlight on rate hike

The latest projects indicating job gains in August are giving a much wider scope for US Fed rate hike speculation. According to research firms, non-farm payrolls were up 220,000 in August from 215,000 in July. Unemployment rate is also at 5.2 percent indicating near seven-and-a-half-year low.

Reebok rebrands as a fitness center in the U.S. and Europe

Reebok, the sportswear from Germany, is heading to fitness business, with its major marketing campaign "Be More Human" in Berlin, Germany with partnership from CrossFit, Les Mills and Spartan Race.

Louis Vuitton hires former Apple executive as digital director

LVMH Moet Hennessy Louis Vuitton, a French luxury fashion conglomerate was reported to have hired a new chief digital officer from Apple, reported by The Wall Street Journal.


Latest News

Congressman Alan Grayson requested a memo that would lead to higher Social Security benefit increases and improve the retirement security of the elderly. The Congressman came up with a proposed legislation called "Seniors Deserve a Raise Act." It would give recipients of Social Security an increase that offsets the 40-year shortfall and make the CPI-E permanent. It will be filed when the Congress reconvenes.
The economic development of Spain is proving that the euro zone was tackling its crisis well, according to the German Finance Minister Wolfgang Schaeuble on Tuesday. "Spain is the best example that we've done a lot of things quite right in Europe," Schaeuble said at a business conference in Berlin, adding that he was optimistic about Spain's future development as long as Madrid stuck to its reform policies.
The new 2016 Kia Sportage SUV is "bold" with a progressive style that lets it stay out in the leading edge of the industry. Kia is determined to stay in front of everyone else when it comes to progressive style with its unveiling of the new Sportage. The sports utility vehicle will be introduced at the Frankfurt Motor Show next week.
Google announced that the third generation Learning Thermostat has recently updated its looks and features although it retains some characteristics from its first and second generation thermostats, such as automatically turning itself on when you get home.
Wikipedia once again began cracking down on both editors and contributors who are violating its guidelines. The editors of the site banned 381 accounts for charging or accepting money for their contributions, without the disclosure of information, which Wikipedia calls "undisclosed paid advocacy."
CBS Sports announced a new feature that allows viewers to watch live NFL games on its portable device, which indicates that it is trying to enter the fast-growing internet market.
The US construction sector recorded an encouraging spending of $1.08 trillion, a 0.7 percent monthly growth, indicating a seven-year high. The July data from the US Commerce Department has not only boosted the market sentiment but also gave an indication of robust economic activity in the third quarter.
A new joint venture had been announced Tuesday between Bild tabloid publisher Axel Springer and Korean electronics group Samsung, for mobile media including news.
Fiat Chrysler Automobiles NV will move its Jeep Cherokee production out of its current Toledo, Ohio, while the production for Jeep Wrangler will remain in the state.
Russia has come up with a new law that empowers the government to not only block websites but also orders them to share data of Russian citizens.