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Electronic skin sensors to control mobile gadgets

A skin-worn sensor that turns the human body into a touch sensitive surface for controlling mobile devices has been developed by scientists in Germany. iSkin is made from biocompatible silicone rubber with pressure-sensitive sensors that are stuck to the skin of the users,...
Posted On 10 Aug 2015

Tesla burns cash, loses more than $4,000 on every car sold

    The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets...
Posted On 10 Aug 2015

Xiaomi ties up with Taiwan’s Foxconn to assemble smartphones in India

MUMBAI (Reuters) – China’s Xiaomi Inc [XTC.UL] has tied up with Taiwan’s Foxconn to start assembling phones in India, seeking to cut costs and grab a bigger slice of the world’s third-largest smartphone market. Source
Posted On 10 Aug 2015

Alibaba to invest $4.6 billion in China electronics retailer Suning

BEIJING (Reuters) – Alibaba Group Holding Ltd will invest $4.6 billion in leading Chinese electronics retailer Suning Commerce Group Co Ltd, its biggest step yet towards integrating online and store-based shopping. Source
Posted On 10 Aug 2015

Back to the future: Nokia prepares for mobile comeback

FRANKFURT/HELSINKI (Reuters) – Nokia is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business. Source
Posted On 10 Aug 2015

Insight: Tesla burns cash, loses more than $4,000 on every car sold

    The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets...
Posted On 10 Aug 2015

Taiwan’s Foxconn plans $5 billion investment over five years in Indian facility

MUMBAI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple Inc, on Saturday signed a pact with India’s Maharashtra state to invest $5 billion over five years on a new electronics manufacturing...
Posted On 10 Aug 2015

EU finds no evidence of illegal activity in Apple’s music streaming deals: report

(Reuters) – Antitrust authorities in Europe failed to find evidence that Apple Inc’s deals with record labels and online music streaming services are blocking rivals’ access to its music streaming platform, Re/code reported, citing sources. Source
Posted On 10 Aug 2015

Twitter considers board shakeup, may include exit of Costolo: Bloomberg

(Reuters) – Twitter Inc’s board is weighing a shakeup that could involve the exit of former Chief Executive Dick Costolo, Bloomberg reported, citing people familiar with the matter. Source
Posted On 10 Aug 2015

China-linked hackers attack American Airlines, Sabre systems: Bloomberg

(Reuters) – China-linked hackers attacked the computer systems of travel reservations distributor Sabre Corp and American Airlines Group Inc , Bloomberg reported, although the world’s largest airline said there was no evidence of such a breach. Source
Posted On 10 Aug 2015