Amarjeet kumar

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GE is in talks to sell its $30 billion loan portfolio to Wells Fargo

Wells Fargo has so far outbid other parties for General Electric's vendor financing, commercial distribution finance and direct lending assets, the person with direct knowledge of the situation said on Friday.<p>A deal could be announced by the time Wells Fargo publishes its third-quarter earnings on …

Finance

Revolutionary Laser Razor Burns Hair Off Instead of Cutting It

The Skarp Razor wants to change how you've been shaving for the last 5,000 years with lasers. Although that prospect might sound frightening, creators Morgan Gustavsson and Paul Binun have produced a futuristic device that’s actually better for your skin than traditional shaving methods—it reduces …

Burns

One statistic tells you why HTC collapsed and why Android is in so much trouble

In layman's terms, that means that if you could theoretically acquire all the shares of HTC, it would cost you less than the cash HTC holds — meaning HTC would effectively be paying you to acquire the entire company. In investors' terms, it means people think the company is essentially …

HTC One

Berkshire to buy Precision Castparts in $37.2 billion deal

(Reuters) - Warren Buffett is paying a hefty price for the biggest bet of his career as his Berkshire Hathaway Inc (BRKa.N) has agreed to buy Precision Castparts Corp PCP.N, valuing the maker of aerospace and other parts at $32.3 billion.<p>The purchase is Berkshire’s largest, and accelerates its …

Why I designed a fashion range for women with larger breasts

Yael Aflalo, the founder of LA fashion brand Reformation, says she created the I’m Up Here collection because she has “a lot of friends with bigger busts and I was sick of them complaining”. Said friends will no doubt now be silenced. Aflalo’s range is that rare thing – proper fashion specifically …

Foxconn Could Make India Its Next Manufacturing Base After China, Investments Suggest

Foxconn, the world’s largest contract electronics manufacturer, has signed a $5 billion deal to set up R&D and hi-tech manufacturing facilities in western India within the next five years. The $5 billion pledge is the largest foreign investment into India’s tech manufacturing sector and a boost for …

Another billionaire tech CEO—this time from China—has opted to make less than $1 per year

Business executives who earn $1 salaries can now welcome a new member to their club: Liu Qiangdong, CEO of JD.com, China’s second-largest e-commerce site.<p>In its earnings release on Friday, the company announced that Liu would begin receiving an annual salary of one Chinese yuan (about $0.16) over a …

China

The World's Most Expensive Wine Averages Over $15,000 Per Bottle

A rare wine from France’s Burgundy vineyards has been named the world’s most expensive one, according to an annual ranking released by U.K. website …

Coca-Cola Has A New Message: Exercise! (And Keep Drinking Cokes)

There’s a theory that sugar – in particular, sugary soda such as Coke and Pepsi – is the 21st century equivalent of cigarettes. The parallels are not perfect, but they are compelling. Like cigarettes, sodas were once thought to be a harmless vice. As with Marlboros and Lucky Strike, clever …

Pepsi Ditches Aspartame in Bid to Add Pop to Diet Drink Sales

A revamped Diet Pepsi without aspartame is popping up on store shelves. So will people start flocking back to the soda?<p>PepsiCo says its new Diet Pepsi should be available nationally this week. In response to customer feedback, the company said earlier this year that it would replace the aspartame …

Alibaba goes old school with $4-billion investment in a Chinese brick-and-mortar retailer

China’s e-commerce industry is growing so robust that some say it is replacing brick-and-mortar businesses altogether. So it’s unusual to see the nation’s king of e-commerce invest in <i>actual</i> bricks and mortar.<p>But that’s what has happened now that Alibaba has invested in Suning, one of the largest …

Warren Buffett announces his biggest deal in years

Warren Buffett’s Berkshire Hathaway this morning announced that it has agreed to acquire Precision Castparts (PCP), a Portland, Ore.-based maker of …

Windows 10 -- how to download it right now

Microsoft has launched Windows 10 in 190 countries, and more than 14 million people have already downloaded it. However, while the OS is a free …

G20 countries pay over $1,000 per citizen in fossil fuel subsidies, says IMF

World’s leading economies still paying trillions in subsidies despite pledges to phase them out, new figures show<p>Subsidies for fossil fuels amount to $1,000 (£640) a year for every citizen living in the G20 group of the world’s leading economies, despite the group’s pledge in 2009 to phase out …

Fossil Fuels

10 Shocking Truths About Swimsuit Modeling That Only a Swimsuit Model Can Tell You

Hand warmers are not just for hands.<p>Denise Bidot, the first plus-size model to walk in New York Fashion Week and the face of swimsuitsforall's "Beach Body. Not Sorry." campaign, and Hannah Ferguson, a <i>Sports Illustrated</i> swimsuit model, share some truths about swimsuit modeling and what really goes …

Sony launches Xperia M5 and C5 Ultra Android smartphones, with focus on perfect selfies

Sony has announced two new Android smartphones – the selfie-obesessed Xperia M5 and Xperia C5 Ultra – that will go on sale around the world in mid-August.<p>The better-equipped of the two devices, the Xperia M5, continues Sony’s recent tradition of offering waterproof and dust-proof devices – and …

China is blaming short sellers for its stock market crash

Chinese brokerages have stopped executing short sales after officials tightened trading rules in a new attempt to shore up the country's stock market.<p>Short sellers borrow and then sell shares, betting they can buy them back later at a cheaper price -- and pocket the difference. Only approved …

Largest plane in the world to perform test flights in 2016

Microsoft co-founder Paul Allen started planning to build the largest plane in the world in 2011, along with several partners -- including Elon Musk. Now, that plane (called Stratolaunch) is under construction at the Mojave Air and Space Port in California, and is expected to undergo testing as …

5 Easy Work Wardrobe Swaps to Make This Fall for Under $100

Is the office AC turned up a bit more than usual, or are we just starting to feel an imaginary chill from all this fall fashion talk? It always seems like right after you finally nail your warm weather 9-to-5 style, tanks, maxis and heeled sandals need to be subbed for more substantial pieces, and …

10 things in tech you need to know today

<b>1. Apple is in talks to launch an MVNO service in the US and Europe.</b> The company wants customers to pay it directly for data, and it will then lease capacity from carriers.<p><b>2. Twitter shares closed at a record low yesterday.</b> Stock was down 5.6%, continuing the slide that started after the company's …

Vertical City : Modular Skyscraper Structure for Middle East

<b>Vertical City</b> is a design proposal by Luca Curci architects for a vertical city-building settled in the water project located in Middle East. It’s a …

Skyscrapers

Google shares jump record $65 billion in value

NEW YORK — Google is already one of the largest companies in the world, and on Friday it made one of the largest stock market moves ever.<p>The Internet …

How Facebook is eating the $140 billion hardware market

Facebook's extraordinary Open Compute Project is doing for hardware what Linux, Android, and many other popular products did for software: making it free and "open source."<p>That means that anyone can look at, use, or modify the designs of the hugely expensive computers that big companies use to run …

Fidelity Investments

Alibaba will reportedly launch a 'Netflix-like' video streaming service soon

China's e-commerce giant Alibaba is planning to launch a video streaming service within the next two months. The company's head of digital entertainment, Patrick Liu, said Alibaba is hoping to mimic the success of services like Netflix and HBO, Reuters reports.<p>"Our mission, the mission of all of …

Profit

Warren Buffett was right, trains are awesome at telling you what's going on in the economy

Warren Buffett once said that if he were stuck on a desert island and allowed only one number to know how the economy was doing, he would pick railcar traffic.<p>Bank of America Merrill Lynch's Ethan Harris and Alex Lin have run the numbers, and they found that of six weekly indicators (railcar …

Markets

Boeing Starliner-7 Concept Jet by Fraser Leid

The <b>Boeing Starliner-7</b>, a jet concept that is a testament to modern day aeronautics by incorporating nuances of futuristic design elements. Modeled …

How Did Camper’s Ugly Shoes Become So Iconic?

A new exhibit in London reveals the secret to Camper’s success as a global design powerhouse.<p>Since Lorenzo Fluxà Rosselló founded the Spanish shoe brand Camper in 1975, it has become a global design powerhouse with inventive retail spaces, bold advertising campaigns, and big-name collaborations. …