Markets


Kuwait recalls ambassador to Iran amid tensions
- January 07, 2016

Qatar has also handed over a protest note to the Iranian embassy in Doha, over the attacks that according to a foreign ministry statement constitute a "violation of the worldwide charters and norms that emphasize the protection of diplomatic missions and their staff". (more...)
GM Will Invest A Half Billion Dollars In Lyft Partnership
- January 07, 2016

GM and Lyft said the partnership would benefit from GM's existing work on developing self-driving vehicles and Lyft's software to create a network of cars that would operate themselves and be available on demand. Lyft already has thousands of people interested in participating in its network as drivers, but they do not meet the requirements due to not having a auto or having a vehicle that does not meet the specifications set by the company. (more...)
General Motors and Lyft Are Building A Fleet of Self-Driving Cars
- January 07, 2016

A fleet of self driven cars that can work on the Lyft platform, as GM thinks of it to be the future of Taxi aggregation services. " Working with GM, Lyft will continue to unlock new transportation experiences that bring positive change to our daily lives ", said John Zimmer , president and co-founder of Lyft. (more...)
GM Makes $500 Million Investment On Lyft
- January 07, 2016

Lyft drivers will have access to GM cars and OnStar services, making the ride-sharing options on offer more attractive. Discussing the deal, GM president Dam Ammann said "We see the future of personal mobility as connected, seamless and autonomous". (more...)
General Motors' Savvy $500 Million Investment
- January 07, 2016

Mr Ammann said that " with GM and Lyft working together, we believe we can successfully implement this vision more rapidly ". "We'll create the operating system of the future where people will be able to order an experience", Lyft co-founder John Zimmer told BuzzFeed . (more...)
Samsung's New Smart TV Remove Wants to Control All of Your Devices
- January 07, 2016

The new smart fridge has a 21.5-inch HD touchscreen glued on to one of the doors, connected to the Web. CES 2016 hasn't started yet, but Samsung is eager to show off its new smart fridge hybrid. Sure, the Samsung Smart Home app isn't going to tell you about the status of you're out of breakfast cereal but given you can use the refrigerator to do online grocery shopping, this is finally innovation in the smart fridge and the kitchen. (more...)
Plot Thickens as Missing Hong Kong Bookseller Faxes Mysterious Message to Wife
- January 07, 2016

Hong Kong police are also pressing their Chinese counterparts for information about the 65-year-old bookseller who was last seen at a warehouse for the store in a business district of Hong Kong . supports complete and open coverage". The case of Lee Bo, the latest associate with ties to Causeway Bay Bookstore to disappear, sparked protests and demands for answers from China's mainland government . (more...)
Season 6 Premiere of 'Downton Abbey' Full of Drama and Love
- January 07, 2016

The show has had record ratings in the United Kingdom, despite a bit of a drag midway through the run, and ended the regular Season 6 with a consolidated 10.42M viewers. "But the audience seemed to want it to happen - as did we". The camera is just going to move away and unbenknowst to us (the characters' lives will continue). (more...)
GM & Lyft team up to take on Uber with autonomous vehicles
- January 06, 2016

GM will become a "preferred provider of short-term" rental vehicles to Lyft drivers, Lyft drivers will have access to GM's OnStar services, and there will be new personalized mobility services. In addition to the traditional automakers and app companies like Lyft, tech firms like Google are also hard at work to advance autonomous vehicles and related services. (more...)
North Korea Claims to Have Tested Its First Hydrogen Bomb
- January 06, 2016

Suspicions first emerged when an quake was registered near the Punggye-ri nuclear site in North Korea at 10:00 Pyongyang time (01:30 GMT), with the tremors rattling Chinese border cities. The Defence Ministry on Wednesday deployed three planes to collect possible radioactive material following North Korea's claimed hydrogen bomb test , officials said. (more...)
GM invests in Lyft to work on driverless ride GM invests in Lyft to work on driverless ride
- January 06, 2016

The Michigan automaker said it's also teaming up with Lyft to create a service that would allow people to hail a ride in a driverless vehicle. He said his company will work with GM to build a network of autonomous vehicles to make getting around more affordable, accessible, and enjoyable. (more...)
GM invests $500M with Lyft to develop self-driving vehicle technology
- January 06, 2016

John Zimmer , president and co-founder of Lyft, said the strategic partnership will help in "redefining traditional auto ownership". Mr Ammann said that " with GM and Lyft working together, we believe we can successfully implement this vision more rapidly ". (more...)
US auto sales expected to hit an all-time high in 2015
- January 06, 2016

Industrywide sales were forecast to exceed an 18 million sales rate for a record fourth straight month. "All the stars lined up a year ago", DesRosiers told CBC News in an interview on Tuesday, when describing the contributing factors to sales in Canada in 2015. (more...)
Missing booksellers have Hong Kong leader 'highly concerned' Missing booksellers have Hong Kong leader 'highly concerned'
- January 06, 2016

The fax was published by Taiwan's Central News Agency , seemed rather odd, given that Hong Kong police have no record of Lee passing through immigration, and his wife is already on the record saying that he was not carrying any travel documents. (more...)
GM Invests $500 Million in Ride-Hailing Lyft
- January 06, 2016

Still, Stover said he believes it's too soon to say that Lyft or other ride-hailing services are directly in competition with traditional auto manufacturers as the business models of both could change. Lyft said the new investments bring the company's valuation to $5.5 billion. That target is still some way off however, and neither GM nor Lyft has set a timeframe for the deliver of autonomous services. (more...)
Fast food price war heats up in US Fast food price war heats up in US
- January 06, 2016

The menu promo only runs between January 4 and February 8 nationwide, so get your fix now and, you know... get back to that resolution in time for Valentine's Day. "Not everyone wants the same thing , so we are offering a new way to help our customers have a more personalized experience", Deborah Wahl, chief marketing officer for McDonald's U.S., said in a statement. (more...)
GM Invests $500 Million in Lyft GM Invests $500 Million in Lyft
- January 06, 2016

Lyft competes heavily with ride-sharing service Uber, and a year ago Uber announced that it would fund a department at Carnegie Mellon to research driverless cars. 1 billion , Bloomberg News reported last month, citing people familiar with the process. "The future of transportation is changing rapidly", Lyft said. (more...)
Microsoft's latest operating system running on 200 million devices Microsoft's latest operating system running on 200 million devices
- January 06, 2016

Microsoft also boasted about its progress with helping education, enterprise and business customers upgrade to Windows 10 . Microsoft is seeing increased preference for Windows 10 with consumers. The current king of operating systems - Windows 7 at about 50 to 60 percent market share depending on the time of day, according to stats from analytics company GoSquared - still dominates the enterprise. (more...)
GM to invest $500 million in Lyft
- January 06, 2016

Zimmer also noted Lyft will continue to "bring positive change to our daily lives" and "build a better future by redefining traditional auto ownership". Ammann will join Lyft's board as part of the deal. Are you ready to abandon driving the vehicle you bought, and optioned to reflect your personal sense of style, and opt to be a passenger riding in a non-descript safety-sedan with a giant pink mustache? General Motors President Dan Ammann (center) with Lyft Inc.co-founders John ... (more...)
General Motors and Lyft to introduce on-demand autonomous vehicles
- January 05, 2016

With its investment, GM will gain a seat on Lyft's board, as well as access to the young company's software, which matches its drivers with riders and automatic payments. Although no timeline has now been set out for when the new service will become a reality, Lyft drivers will be immediately offered short-term rentals of GM cars as part of the deal. (more...)

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