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Top Stories - Your dog`s nose is a cold, wet crime fighter

Researchers at the National Institute of Standards and Technology say the design of a dog`s nose could lead to more sophisticated bomb detection technology.

Wednesday, December 07, 2016  08:44


Business - SoftBank`s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

Two of Asia`s biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home. Billionaire businessman Masayoshi Son, also the head of Japan`s SoftBank Group Corp , pledged a $50 billion investment in the United States, and Apple Inc supplier Foxconn said it was in preliminary discussions to expand its U.S. operations.

Wednesday, December 07, 2016  09:36


Business - LeEco`s sports unit cuts 10 percent of staff amid funding crunch

BEIJING/SHANGHAI (Reuters) - The sports unit of Chinese technology giant LeEco will cut 10 percent of its staff and restructure its business after the parent firm`s billionaire chief executive flagged concerns over spiraling debt and corporate overextension last month. A company spokeswoman said the cuts would be made at various departments inside LeEco`s sports unit, LeSports. LeEco`s CEO Jia Yueting made waves in November after writing a letter to staff saying the firm was facing `big company disease`, casting fresh doubt over the conglomerate`s ambitions in sectors including the electric auto industry and online entertainment.

Wednesday, December 07, 2016  09:36


World - New Zealand doubles cost of investment visa, raises quota

By Charlotte Greenfield WELLINGTON (Reuters) - New Zealand will double the amount of investment needed for permanent residency, the country`s immigration minister said on Wednesday, while also increasing the number of visas it issues. The `Investor 2` visa will require NZ$3 million ($2.13 million) in investment from May next year and 400 places a year will be available, up from 300, Immigration Minister Michael Woodhouse said in an emailed statement. New Zealand is in the midst of a migration boom, but fast-growing industries such as technology and construction have struggled to find enough high-skilled workers.

Wednesday, December 07, 2016  05:54


World - Toyota to expand hybrid system development to further cut emissions

Toyota Motor Corp on Tuesday said it would expand the development of its gasoline-hybrid technology over the next five years to speed up the introduction of lower-emission engines in the face of stricter global emissions standards. In addition to improving the efficiency of its hybrid systems and gasoline engines, Toyota is stepping up the development of longer-range battery-electric cars in a shift from its strategy of promoting hydrogen fuel-cell technology as the future of zero-emission vehicles. Toyota said it would expand personnel on its hybrid technology development team by 30 percent through 2021, by which time it aims to introduce 19 new lower-emission powertrain components made on its recently introduced common manufacturing platform.

Tuesday, December 06, 2016  08:14


Business - S&P, Nasdaq dragged lower by tech; Dow hits record close

A sharp decline in technology stocks pulled both the Nasdaq and the S&P 500 indexes into the red on Thursday, while the Dow managed to notch a record closing high with a lift from bank and energy shares. Declines in Facebook , off 2.8 percent at $115.14, and Microsoft , down 1.8 percent to $59.18, sent the Nasdaq to its lowest close since Nov. 14, while the S&P 500 technology index dropped 2.3 percent, its worst daily performance since June 24. While the S&P 500 has gained more than 2 percent since the November election on hopes that President-elect Donald Trump`s policies will trigger inflation and hasten a rise in interest rates, technology stocks have failed to participate, dropping nearly 3 percent.

Thursday, December 01, 2016  21:27


Business - UTC CEO says no `quid pro quo` on keeping Indiana plant open

By David Shepardson WASHINGTON (Reuters) - United Technologies Corp , parent company of Carrier Corp, got a `good deal` with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico, its chief executive said on Monday in an interview with CNBC. Greg Hayes, chief executive of UTC, said Trump did not make threats in negotiations over the plant`s future or raise the company`s U.S. military contracts. Carrier, which in February had announced plans to close two Indiana plants and send 2,100 jobs to Mexico, agreed last week to keep its Indianapolis plant open and keep about 1,100 jobs in the state, including 800 at the plant.

Tuesday, December 06, 2016  00:18


Business - UTC CEO says keeping Indiana plant open `good deal`

United Technologies Corp`s chief executive told CNBC the company got a `good deal` with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico. Greg Hayes is chief executive of the parent company of Carrier Corp, which announced plans in February to close two Indiana plants and send 2,100 jobs to Mexico.

Monday, December 05, 2016  23:15


Business - Amazon Go grocery store replaces cashiers with automation and AI

Amazon recently announced Go, a brick-and-mortar concept store that uses technologies like artificial intelligence to eliminate the need for cashiers.

Monday, December 05, 2016  20:13


Business - Why 2017 could be a big year for AR and VR in business

Despite some concerns about the consumer market for virtual and augmented reality, the technologies are gaining traction among enterprise users.

Monday, December 05, 2016  17:02

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