Apple Unveils Updated MacBook Pro for same price

As anticipated, Apple has boosted both the memory and processing power of its professional laptop range and has also cut the price of its one remaining non-Retina display model.

Now, all models with a Retina display come with double the memory and improved battery life. So for 13-inch models, that means 8 GB instead of 4 GB of RAM as standard and 16 GB in the 15-inch models.

All 13- or 15-inch notebooks also get upgraded to the latest iteration of Intel’s Haswell processor, so performance and battery life will also get an upward push.

However, Apple is keeping prices the same. That means that an entry-level 13-inch MacBook Pro with Retina Display will cost $1,299 with a 2.6 GHz dual-core Intel Core i5 processor with Turbo Boost speeds up to 3.1 GHz, 8 GB of memory, 128 GB of flash storage, and Intel Iris graphics.

For an extra $700, consumers will be able to Continue reading “Apple Unveils Updated MacBook Pro for same price”


India’s first car Ambassador to park forever ?

Production of the Ambassador, the first car to be made in India, has been halted.

Hindustan Motors said it had suspended work at its plant outside the city of Kolkata, blaming weak demand and financing problems.

Modeled on the Morris Oxford, the design of the Ambassador has changed little since it first went into production in 1957.

It was once the only car driven by politicians and government officials. But the company only sold 2,200 Ambassadors in the financial year which ended in March 2014.

In a statement on Saturday, Hindustan Motors blamed Continue reading “India’s first car Ambassador to park forever ?”

Yahoo CEO gets paid $214 million for doing nothing

Marissa Mayer has hit it big in the executive compensation lottery.

According to recent public filings and an analysis prepared by Equilar, an executive compensation data firm, by the end of last year, Mayer, the Yahoo chief executive, had received compensation worth potentially $214 million – most of which was for doing nothing.

Her good fortune stems from Yahoo’s stake in the Chinese Internet behemoth Alibaba, a deal that was arranged in 2005 by Yahoo’s co-founder, Jerry Yang. The enthusiasm and hype over a likely initial public offering by Alibaba has driven Yahoo’s stock to a sky-high valuation, a surge that has showered Mayer with vast riches.

Huge compensation packages for Continue reading “Yahoo CEO gets paid $214 million for doing nothing”

Facebook buys WhatsApp for $16 Billion

Facebook, the social networking giant announced after the close of the market on Wednesday that it has acquired mobile messaging service WhatsApp for $19 billion.

The deal bolsters the world’s biggest social network by adding the 450 million users of WhatsApp, which will be operated independently with its own board.

It is Facebook’s biggest acquisition Continue reading “Facebook buys WhatsApp for $16 Billion”

Apple obtains patent for monitoring Headphones

A patent submitted by Apple in 2008 was approved today by the US Patent Office. The patent refers to a headphone system that can monitor data about its user. The data the headphones will capture the following information about its user; temperature, perspiration and heart rate.

This patent will position Apple into the healthcare space, an area of business they have been trying to get into for years.

Apple also suggested Continue reading “Apple obtains patent for monitoring Headphones”

HTC offers free cracked screen replacement

Taiwan’s HTC Corp. announced Tuesday in the United States a new after-care service for customers there that will offer a one-time, free cracked-screen replacement for every new purchase of any phone in its HTC One flagship series.

HTC said it heard from customers that there was a need to make sure the money spent on premium devices went further at no additional cost and decided it was time to act and take care of the phones.

“Cracked screens with us Continue reading “HTC offers free cracked screen replacement”

Satya Nadella names as Microsoft CEO

Microsoft has named Satya Nadella as its new Chief executive officer. Company founder Bill Gates is leaving the chairman role for a new role as technology adviser.

Nadella will become only the third leader in the software giant’s 38-year history, after Gates and Ballmer. Board member John Thompson will serve as Microsoft’s new chairman.

Nadella, who is 46 and has worked at Microsoft for 22 years, has been an executive in some of the company’s fastest-growing and most profitable businesses, including its Office and server and tools business.

For the past seven months, he was the Continue reading “Satya Nadella names as Microsoft CEO”

HSBC running out of cash; Get your money out !

Fears are growing that HSBC bank is insolvent, after the Bank refused cash withdrawals and has an $80bn black-hole in their balance sheet.

HSBC is scrambling to manage a seemingly terminal liquidity crisis (a lack of hard cash) that could see the bank become the next Northern Rock – and trigger a bank crash. The analyst’s advice is for shareholders to sell HSBC investments, and customers to move their accounts elsewhere before the crash.

Forensic Asia on last week began its coverage of Britain’s largest banking group with a ‘sell’ recommendation, Continue reading “HSBC running out of cash; Get your money out !”

American Express to pay $75.7 million for overbilling

American Express AMEX logoCredit-card giant American Express Tuesday announced a $75.7 million settlement to resolve charges that it overbilled consumers and misled customers on services provided.

American Express, a Dow component, will pay $16.2 million in fines and at least $59.5 million in customer remediation, the company said.

The customer remediation will go to more than 335,000 customers, said the US Consumer Financial Protection Bureau in a statement. The action also involved the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.

“We first warned companies last year about using deceptive marketing to sell credit card add-on products, and everyone should be on notice of this issue,” said CFPB Director Richard Cordray.

“Consumers deserve to be treated fairly and should not pay for services they do not receive.”

The settlement resolves a variety of Continue reading “American Express to pay $75.7 million for overbilling”

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