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Goldman Sachs Tower at Night, JerseyCity

Goldman Sachs Settles $3.15 Billion FHFA Lawsuit

Goldman Sachs said on Friday that it has agreed to pay $3.15 billion, its largest bill yet to resolve a government lawsuit related to the financial crisis. The settlement is said to resolve claims that it deceived Fannie Mae and Freddie Mac to end a lawsuit that was filed in 2011 by Federal Housing Finance Agency, [...]

Starting today, new and existing Sprint customers can get an unlimited data plan for talk and text for $60 a month.

Sprint rolls out new data pricing plan to take on the wireless competition

Data has become the battlegrounds for the U.S. wireless industry. Sometime back Sprint Corp and T-Mobile US Inc. were contemplating a merger and now they are out to poach each other’s customers. In an effort to reverse the fortunes of the ailing carrier, Sprint’s new CEO Marcelo Claure this week unveiled individual and a new family service plan that offers more [...]

Mike Huseby, CEO of Barnes & Noble, during the unveiling of the Samsung Galaxy Tab 4 Nook

Samsung along with Barnes & Noble unveils Galaxy Tab 4 Nook

The US book chain Barnes & Noble and South Korean electronics maker Samsung have joined forces to release the latest version of its Nook electronic reading device, the Samsung Galaxy Tab 4 Nook. The Galaxy Tab 4 Nook was announced on Wednesday at an event held at Barnes & Noble’s store in Union Square, New [...]

A month ago, Morgan Stanley told junior bankers and staff members on its capital-markets work areas it will raise their base compensations by to the extent that 25%.

Wall Street Millennial Bankers Wages to Rise Again: Sources

Wall Street banks are currently under pressure to improve working conditions of a new generation of bankers to fight defection and are thus raising salaries and limiting working. Banks including Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Citigroup Inc., Bank of America Corp. and Morgan Stanley are planning to compensate better for many [...]

It will be a Joy Ride for Developers and You, Promises Uber

TripAdvisor, Starbucks, OpenTable have yet another gimmick up their sleeves for its valued customers: Users using the mobile version of their apps can now book a ride with Uber to restaurants, bars, tourist attractions and hotels in more than 40 cities worldwide. So practically, you can now request Uber from your TripAdvisor app. Introducing the [...]

The vehicles equipped with communication devices could prevent more than half a million left-turn and intersection collisions

Vehicle-to-vehicle communication technology to be imposed in the U.S. soon

New rules would eventually require cars to talk to each other to help avoid accidents. The U.S. National Highway Traffic Safety Administration (NHTSA) released a report on Monday issuing an advanced notice to carmakers to implement the talking-car technology that will allow vehicle-to-vehicle communication to warn each other and avoid potential crashes and other dangerous situations. [...]

Alibaba Corp. Taiwan Grand Opening

Alibaba Restructures Agreement with Alipay amid Investors Concerns

Privately owned Hangzhou-based group of Internet-based e-commerce giant Alibaba Group Holding Ltd. has publicly announced a restructuring that was recently implemented in its agreement ahead of its pending IPO to address investor concerns. Alibaba and Alipay’s parent company, Small and Micro Financial Services Co., agreed to raise a $6 billion cap on Alibaba’s share of [...]

Moto G2 will feature a 720 x 1280 display with a 320ppi pixel density, which is slightly lower when compared to the G version.

Motorola Moto G2 will reportedly ship September 10 for €250

According to a report, Motorola is all set to launch a successor to last year’s Moto G on September 10th. The sequel’s name has not been revealed yet, but it’s been given the G2 moniker to indicate an update to last year’s model. Since the possible price of the Moto G2 is said to be [...]

Federal Reserve survey found that 34% of households were somewhat worse off or much worse financially before the recession hit in 2008

Many American Households Are Still Struggling Financially, Fed Survey Says

A new Federal Reserve survey found that a quarter of American households say they are just getting by or struggling financially. On Thursday, the Fed issued the first-time report on the Economic Well-Being of US Households, which provides insight into how most Americans perceive their financial and economic well-being. The survey of about 4100 respondents was conducted from [...]

Inside an Apple Store in China

Apple Products Expelled From Government Procurement List In China

A month after China Central Television (CCTV) branded Apple’s location-tracking function in iOS a national security concern, the Chinese government prohibited agencies from buying Apple Inc hardware products. The ban applies to all Chinese central and local government agencies, which are not allowed to use public money to purchase these products. All in all, the [...]

Bank of America ATM Slots

BofA Inks Record: Offers biggest settlement in American history

Bank of America Corp. and the U.S. Justice Department have finally put an end to probes stemming from sales of mortgage-backed bonds that fortified financial crisis, according to a person acquainted with the matter. The landmark deal is alleged to have closed with the bank agreed to pay $16 billion to $17 billion to settle [...]

The Navdy dashboard device is basically known as “Google Glass for your car, but without the glasses.”

Navdy, A Futuristic Head-Up Display System To Make Driving Safer

Statistics say drivers are three times as likely to get into an accident when they use their phone in the car and Navdy wants to help prevent such casualties. The San Francisco-based start-up has created a device that helps drivers keep an eye on their phone without looking away from the road. The Navdy dashboard [...]

Comcast headquarters in Philadelphia

Comcast Offers Free Service To Low-Income Families, Will Forgive Old Debts

After its debacle with a painful customer service call that went viral, Comcast is seeking favourable attention from the public by way of charitable programs. The cable giant is making additions to its Internet Essentials program that is hailed as being in time for the back to school season. As part of this program, the company [...]

The Italian Parliament

Italy Unexpectedly Slumps Back to Recession

Italy’s has slumped back to recession, heaping more weight on its young prime minister Matteo Renzi to push the country ahead with a belligerent reform program in the midst of mounting domestic criticism of his lack of making up to it. Italy, which is the eurozone’s third-largest economy dwindled 0.2 for every cent in the [...]

Gannett Headquarters. Tysons Corner, Virginia.

Gannett Agrees to Buy for $1.8 billion

Gannett, owner of USA Today, has agreed to buy out the shares of car deals site, for $1.8 billion, as per Bloomberg News, referring to an individual acquainted with the matter. is which is owned by Classified Ventures, a JV of Gannett and four other daily paper and former publishing companies: McClatchy, Tribune [...]

Douglas Flint said there was a "observable and growing danger of disproportionate risk aversion

HSBC Chairman Warns of Growing Risk Aversion

The chairman of HSBC has cautioned that the apprehension of robust fines was constraining banks to end up risk averse in the midst of unprecedented regulatory changes after the recent financial crisis. As Britain’s greatest bank disclosed that it was setting aside $367m (£218m) to blanket compensation for slip-ups concerning loan statements to its UK [...]

Inside the house of Soccer Player Ronaldinho

The FIFA World Cup: A Winning Opportunity for SMEs?

Universal language of sports brings people together without considering what their origin, ethnicity, economic status or religious beliefs are. It’s not just all about bringing people together. International sports events provide remarkable opportunities for businesses wanting to connect with a wider audience worldwide. Moreover international sports events such as FIFA World Cup provide SMEs a [...]

It will no longer be illegal to unlock a cell phone without carrier permission.

Unlocking Cell phones From Carriers Will Soon Be Legal In The US

In 2012 the Library of Congress ruled that it was copyright violation to unlock a phone without the carrier’s approval that left plenty of smartphone users dissatisfied. Since then lawmakers have looked to reverse the decision. Now Congress has acknowledged the will of the people and unanimously approved the Unlocking Consumer Choice and Wireless Competition Act, which is [...]

OkCupid duped users by inflating percentage scores when they actually had low compatibility, telling them that their compatibility score was 60 or 90%

Dating Site OkCupid Admits To Experimenting On User’s Compatibility Data

In a bid to refine the formula for finding love, online dating site OkCupid admitted to altering thousands of user profiles in a series of experiment including regularly pairing up seemingly mismatched people with fake statistics about how compatible they were. The revelations came on the heels of criticism of Facebook admitting to misleading users with [...]