LG sensor adds smarts to your 'dumb' home appliances
LG sensor adds smarts to your 'dumb' home appliances http://www.engadget.com/2015/08/31/lg-smartthinq-appliance-sensor/?ncid=txtlnkusaolp00000589 Mon, 31 Aug 2015 11:30:00 -0400 Engadget 2015/08/31/lg-smartthinq-appliance-sensor/
Motorola's new Moto 360 Sport model breaks cover
Motorola's new Moto 360 Sport model breaks cover http://www.engadget.com/2015/08/31/motorola-moto-360-sport-leak/?ncid=txtlnkusaolp00000589 Mon, 31 Aug 2015 11:10:00 -0400 Engadget 2015/08/31/motorola-moto-360-sport-leak/
Wall Street's worst month in three years ends on a sour note
Fed Vice Chairman Stanley Fischer on Saturday said U.S. inflation would likely rebound as pressure from the dollar fades, allowing the Fed to raise interest rates gradually. Many analysts took Fischer's comments as a sign the Fed would raise rates in September, instead of December. "What you see in the market today is caused by Fischer's comments over the weekend.
Apple partners with Cisco to boost enterprise business
(Reuters) - Apple Inc on Monday teamed up with network gear maker Cisco Systems Inc to improve the performance of its iPad and iPhone devices on Cisco's corporate network. Cisco will provide services specially optimized for iOS devices across mobile, cloud, and on premises-based collaboration tools such as Cisco Spark, Cisco Telepresence and Cisco WebEx, the companies said in a statement. Apple is expanding its foothold in the enterprise arena at a time when iPad sales are shrinking...
Internet entrepreneurs back Chinese Tesla rival NextEV
By Edward Taylor and Paul Lienert FRANKFURT/DETROIT (Reuters) - A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent ¬†and Hillhouse Capital, is backing an effort to create NextEV, a new rival to¬†U.S. electric car maker Tesla¬†Motors Inc . Hillhouse is also an investor in Uber, the U.S. ride sharing service.The backers have hired ex-Ford Motor Co executive Martin Leach to build a global automaker, a NextEV spokeswoman said on Monday...
Nerves on edge as Chinese authorities probe market mayhem
BEIJING/LONDON (Reuters) - The head of hedge fund manager Man Group Plc's China business has been taken into custody to help authorities in a probe into recent market volatility, Bloomberg reported on Monday, while separately a local financial reporter confessed on national TV to having spread false information that caused "panic and disorder". Both are likely to jangle nerves in the financial industry as regulators try to find out who they think was behind China's wild stock market rollercoaster ride in the past three months...
Fiat Chrysler offers $100 debit cards to owners of recalled U.S. vehicles
Fiat Chrysler Automobiles is offering $100 prepaid debit cards to owners of recalled vehicles to help ensure cars and trucks with potential safety defects get repaired, the company said on Monday. The U.S. arm of the automaker is also offering $1,000 in special discounts or incentives to the owners of recalled vehicles, if they choose to trade them in and buy a new car or truck. FCA has had difficulty convincing some owners of its older-model recalled vehicles to bring them in for repairs, including Jeep Grand Cherokee sport utility vehicles from model years 1993 to 1998 and Jeep Liberty SUVs from model years 2002 to 2007...
Exclusive: Citi aims to boost equities franchise amid industry shakeout
By John McCrank and Olivia Oran NEW YORK (Reuters) - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. COURTING HEDGE FUNDS Citi has catered to traditional asset managers, but is now shifting its attention to hedge funds, which tend to trade more actively and can bring higher returns through fees...
Oil up 8 percent on lower U.S. output, OPEC talk; biggest surge since 1990
By Robert Gibbons NEW YORK (Reuters) - Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of U.S. crude production data and OPEC's readiness to talk with other producers helped extend the biggest price surge in 25 years. U.S. crude oil prices have skyrocketed more than $10 a barrel in three days, erasing the month's declines as a series of relatively small-scale supply disruptions and output risks prompted bearish traders to take profits on short positions, which had been at near record highs a week ago...
Venture capital cash surfers may see waves recede in market turmoil
By Sarah McBride and Heather Somerville SAN FRANCISCO (Reuters) - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public. Investors have created 132 privately held companies valued at $1 billion or more each, according to tracker firm CB Insights, including ride-hailing service Uber UBER...
Toshiba scandal continues as more accounting errors found
By Ritsuko Ando TOKYO (Reuters) - Toshiba Corp again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan's worst corporate scandal in four years. Toshiba, which was scheduled to post its earnings for the business year ended in March, said the newly discovered problems included incorrect impairment charges on fixed assets at several subsidiaries and improperly timed booking of loss provisions at a U...
Fiat Chrysler's Marchionne says 'unconscionable' to give up on GM deal: paper
It would be "unconscionable" for Fiat Chrysler Automobiles (FCA) not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview. GM's board rebuffed a merger proposal from the Italian-American carmaker earlier this year. The rejection has not stopped Marchionne from working on the plan and lobbying GM investors in an effort to drag the GM board to the negotiating table, sources told Reuters in June...
Algorithm turns any picture into the work of a famous artist
Algorithm turns any picture into the work of a famous artist http://www.engadget.com/2015/08/31/algorithm-turns-any-picture-into-the-work-of-a-famous-artist/?ncid=txtlnkusaolp00000589 Mon, 31 Aug 2015 15:32:00 -0400 Engadget 2015/08/31/algorithm-turns-any-picture-into-the-work-of-a-famous-artist/