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AbbVie to acquire cancer drug maker Pharmacyclics in $21bn deal

US-based biopharmaceutical firm AbbVie announced Wednesday that it has agreed to acquire Pharmacyclics Inc for about $21 billion. The deal would give AbbVie control over Pharmacyclics’ flagship cancer drug Imbruvica, designed to treat hematologic malignancies. Under the terms of the deal, which was approved by the boards of directors of both companies, AbbVie said it [...]

One Main Financial

Springleaf to acquire OneMain Financial for $4.25 billion

Springleaf Holdings Inc said Tuesday that it would acquire OneMain Financial a subprime lender from Citigroup for a cash price of $4.25 billion. Springleaf and OneMain combined would have an estimated 2.5 million customers and 2,000 branches, creating the largest subprime lender in the United States. The deal which is subject to regulatory approval, is [...]

Target Store

Target to lay off thousands of jobs in cost-cutting moves

U.S. retailer Target Corp announced on Tuesday that it will downsize the workforce over the next two years as part of a restructuring that will cut more than $2 billion in costs. Brian Cornell, Target’s chief executive at a meeting on Tuesday with financial analysts and investors to outline the retailer’s business priorities for 2015, [...]

Meg Whitman

HP Acquires Aruba Networks for $2.7B to Expand Wireless-Networking Business

Hewlett-Packard has struck a deal to acquire Wi-Fi network gear maker Aruba Networks Inc for about US$2.7 billion, in what amounts to the biggest acquisition deal for the world’s No. 2 PC maker since its disastrous purchase of Britain’s Autonomy Plc in 2011. The Sunnyvale, California based Aruba makes Wi-Fi networking systems for corporate campuses, [...]

Smartphone A7000

Lenovo Announces the A7000 Smartphone at Mobile World Congress

While Lenovo’s 5-inch A6000 has just gone on sale in select markets, the Chinese manufacturer has already announced yet another successor. Dubbed as A7000, it comes with even larger screen than A6000 and is the first smartphone to pack Dolby Atmos technology. The A7000 joins the maker’s other wares being showcased at Mobile World Congress. [...]


IKEA launches a new line of furniture with integrated wireless charging for phone

  A revolutionary range of furniture has been developed that can charge smartphones, which will help remove redundant elements and get rid of the cable clutter everywhere. Swedish furniture maker Ikea International has come out with a range of futuristic furniture with built-in wireless charging spots. The announcement was made on Sunday at Mobile World [...]

Toyota plans to sell the Mirai for about $45,000 in the U.S.

Toyota begins production of Mirai electric car that runs on hydrogen fuel cells

In what would be a turning point in automotive history, the world’s biggest carmaker Toyota has unveiled the assembly on which the fuel-cell car will be me made. The car known as Mirai (meaning “future” in Japanese) will be the first mass market car that runs on electricity generated by the chemical reaction of hydrogen [...]

Motorola Moto E

Motorola announces Moto E (2nd Gen) 3G model priced at $120, 4G version to cost $150

Motorola, a part of Lenovo on Wednesday announced the launch and immediate availability of the new version of its Moto E smartphone, the latest member of the company’s line of low-end smartphones. The new version, named as Moto E (2nd Gen) has been launched in two variants. The unlocked 3G model is available for approximately for $120 and 4G LTE version [...]

Google decided to expand the program running it throughout the year to make it more accessible to people.

Google’s Offers ‘infinity million’ dollars to find bugs in Chrome

The Pwnium vulnerability reward program, Google’s yearly bug hunting event where security experts flag up vulnerabilities will now be running all through the year instead of a one day affair. Previously, Pwnium was held by the company annually at CanSecWest, a security conference in Vancouver to find security problems in its Chrome browser, Chrome OS [...]

Google Chrome beefs up security from unwanted softwares, to warn users against visiting such sites

Google Chrome beefs up security from unwanted softwares, to warn users against visiting such sites

Tech giant Google recently announced that it has added more protection from unwanted softwares. The company’s Chrome Web browser will now be able to identify sites that have automatic software downloads and start warning users before visiting sites that might prompt them to download programs or malware that could ruin their computers or otherwise disrupt their [...]

Pebble Smartwatch

Pebble launches a new smartwatch with color-display and new timeline interface

Pebble, the Palo Alto-based startup has launched Pebble Time, its third-generation smartwatch with an all new design and a color e-paper display ready to take on the Apple Watch. Incidentally, the new smartwatch was teased this week by a countdown clock that expired Tuesday on Pebble’s website. Unlike its two previous models, which had black [...]

Procter & Gamble to sell 100 of their least profitable brands

Procter & Gamble to sell 100 of their least profitable brands

Cincinnati-based consumer products major Procter & Gamble said Thursday that they are planning to sell off majority of a 100 brands by summer for a consolidation in various segments they operate in. The company made the announcement during the Consumer Analyst Group of New York annual conference in Boca Rato. Chief Financial Officer Jon Moeller said that the [...]


Sprint offering pre-orders for the LG G Flex 2 smartphone, features and pricing revealed

In an effort to reclaim the third place, service provider Sprint has come up with enticing offers and promos to lure lost customers, bringing in new customers and also ensuring that they remain loyal. Sprint has confirmed that it will be the first to distribute the LG G Flex 2 in the United States. Sprint [...]

The documents were provided to the website by whistleblower Edward Snowden.

NSA and UK agency hack Gemalto to secretly monitor cellphones

Britain’s electronic spying agency, along with the U.S. National Security Agency reportedly hacked into the computer networks of a Dutch company to steal encryption keys used to protect the privacy of cellphone communications to spy on mobile phones worldwide, according to new documents provided by the former NSA systems administrator Edward Snowden. The news comes [...]


Outlook for Android and iOS gets new security features

A couple of weeks after releasing Outlook for Android and iOS, Microsoft this week announced some security enhancements for end users as well as new IT controls for its Outlook apps running on Android and iOS devices. The new updates can now be downloaded for free on both the Google Play Store and Apple App Store. [...]


Samsung acquires LoopPay to compete with Apple in mobile-payments

Samsung announced that it has acquired LoopPay, a US-based mobile wallet startup as it tries to gain a share in the mobile payments market to compete with archrival Apple’s recent offering in the form of Apple Pay . The South Korean electronics company will acquire the Massachusetts-based firm for an undisclosed sum. With the new deal, LoopPay’s team will [...]

Apple Watch

Apple had to zap key health features from its smartwatch due to reliability issues

Earlier it was believed that Apple Watch would come with ten sensors to track health and fitness data. However, Apple has now ditched plans to make its first generation Apple Watch a health-monitoring device following consistency problems with the technology and regulatory issues, according to reports. According to reports, the final version of the Apple Watch will [...]

Kaspersky claims that the attackers used other methods to infect targets when hard drives were not affected.

Russian researchers expose embedded spying software in computer hard drives

A new report from Kaspersky Lab has found a suite of surveillance platforms that can hide spying software embedded deep within hard drives made by leading manufacturers. The attackers, dubbed Equation Group are the most advanced that the researchers have encountered to date. Kaspersky said it found personal computers in at least 30 different countries holding [...]

BlackBerry Passpot

BlackBerry Passport and Classic coming to AT&T, tipped for Feb. 20 launch

According to a report BlackBerry fans within the United States will soon be able to get their hands on the newly launched BlackBerry devices – Passport and Classic which will be made available through AT&T online or via retail stores across the country on February 20th. Previously, the Passport had been available online at full [...]