02102016Wed
Last update: Wed, 10 Feb 2016 03pm

Industries & Sectors

Business & Finance - Industries & Sectors

Google computers takeover humans as ‘the driver’ Fasten your seat belt, and shift over to the passenger seat, well that is because Google computers have been qualified as ‘drivers’, as per the direction of US government.The following development is an important achievement for Google and other companies developing autonomous car technology.According to Financial Times, the announcement came from National Highway Transportation Safety Administration (NHTSA), which has agreed with Google’s proposed interpretations of Federal Motor Vehicle Safety Standards, which every car must pass, before hitting the roads.Google is of the opinion that cars will be much safer when humans have no control or ability to intervene in driving at all, instead relying solely on an artificial intelligence system, which will make the potentially life-and-death decisions based on its data interpretation from an array of sensors, maps and cameras.According to The Guardian, Google’s cars “will not have a ‘driver’ in the traditional sense that vehicles have had drivers during ...

Business & Finance - Industries & Sectors

Disney rides on the success of ‘Star Wars’ Disney reported record shattering profits in its first- quarterly earnings and revenue, beating analyst expectations, all thanks to the chart smashing success of ‘Star Wars: The Force Awakens.’ According to Forbes, the House of Mouse posted its fiscal first-quarter net income of $2.88 billion, an increase by 32%, or $1.73 per share. Excluding items, earnings came in at $1.63 per share, far ahead of analyst estimates of $1.45 per share.Sales climbed 14 percent to $15.24 ...

Business & Finance - Industries & Sectors

Monsanto fined $80 mn for accounting violations NEW YORK: Monsanto will pay an $80 million penalty to settle charges it misstated earnings by failing to accurately count rebate costs for a best-selling weed killer, US securities regulators announced Tuesday.Monsanto undercounted rebate payments in 2009, 2010 and 2011 that boosted revenues of the herbicide Roundup and, as a result, "materially misstated its consolidated earnings in corporate filings during a three-year period," the Securities and Exchange Commission said in a statement."Corporations must be truthful ...

Business & Finance - Industries & Sectors

840,000 Mercedes and Daimlers in Takata airbag recall WASHINGTON: German automaker Daimler AG announced Tuesday the recall of some 840,000 Mercedes Benz and Daimler vehicles in the United States equipped with potentially defective Takata airbags.Daimler said the recall included about 705,000 Mercedes-Benz cars and 136,000 Daimler vans. It was the latest recall involving Takata airbags, which can rupture and send shrapnel into occupants of a car.At least 10 deaths, including nine in the United States, have been tied to the faulty airbags. Automakers ...

Business & Finance - Industries & Sectors

Daimler recalls 840,000 vehicles with potential airbag defects FRANKFURT: Daimler on Tuesday said it was taking a 340 million euros ($383.96 million)provision in its full-year 2015 results to cover the cost of recalling 840,000 vehicles with potential airbag defects.Daimler said it had been notified by the U.S. National Highway Traffic Safety Administration (NHTSA) that certain airbag models from the manufacturer Takata, which are also installed in Mercedes-Benz cars and Daimler vans, are potentially defective.On the basis of available information on the components, Daimler ...

Business & Finance - Industries & Sectors

Swiss drugmaker Actelion forecasts earnings growth in 2016 ZURICH: Actelion, Europe's largest biotechnology company, forecast that its core earnings would grow in 2016, defying concerns about rising generic competition in its main pulmonary arterial hypertension drug business.This year, Actelion expects a small percentage increase in core earnings at constant exchange rates.While that is under the 14 percent increase in 2015, it exceeds analyst forecasts for a potential drop in profit. Chief Executive Officer Jean-Paul Clozel expects his two newest pulmonary arterial hypertension (PAH) ...

Business & Finance - Industries & Sectors

‘Error-53’ could drag Apple to the courts The dreaded 'Error-53' could drag Apple Inc into courts, amid a worldwide consumer backlash and claims that the company could be acting illegally.According to the International Business Times, a US firm based in Seattle the PCVA Law is currently investigating the potential to file a lawsuit against the Cupertino based giant for error 53 on iPhone 6, which renders the smart-phones completely useless.According to research conducted by the law firm, users are unable to recover ...