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Bill to replace Fannie, Freddie with new housing-loan structure

freddie-fannie

The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans. Representative Maxine Waters of California outlined ...

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Rupee gains 34 paise to end at 8-month high against dollar

Rupee

In line with rising local equities, the rupee on Wednesday firmed up by 34 paise to close at eighth-month high of 60.14 against the dollar on sustained capital inflows. Dollar selling by exporters and some banks also aided the rupee ...

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Google Now cards available to PC, Mac users

Google-Now

Google Now, a service that claims to give Android and iOS users relevant information at the right time, is now available to PC and Mac users. Google was testing integration of Google Now, which shows cards with real-time information on ...

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LG L90 Dual, L70 Dual available online in India

LG-L90

It appears that LG has started selling two mid-range dual-sim Android smartphones, L70 and L90, part of its L Series III, in the Indian market. Although the South Korean electronics giant has not made any official announcement, it has listed ...

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Computers can now nail people faking pain

faking-pain

In the ever-expanding contest between artificial intelligence and the ordinary human mind, you can chalk up another one for the computer. Scientists have developed a computer system with sophisticated pattern recognition abilities that performed much better than humans in differentiating ...

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Apple might launch iTunes for Android because music downloads are down

apple-3

Apple is thinking of launching an iTunes app for Android, as well as an on-demand streaming service similar to Spotify, Billboard reports. This is likely because downloads of music from iTunes are in decline as more and more people transitioning ...

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PepsiCo’s Indra Nooyi got $18.6 million pay package in 2013

Indra-Nooyi

PepsiCo has given its India-born chief Indra Nooyi a pay package of $18.6 million (about Rs 113 crore) for 2013, a 7% hike from the previous year. The beverages-and-snacks giant awarded Nooyi a total direct compensation of $18.6 million for 2013, as against ...

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Samsung Galaxy Note Pro 12.2

Note

Samsung Galaxy Note Pro 12.2 tablet blurs the distinction between a laptop and a tablet computer. Its on-screen keyboard has capabilities that are more common with laptops, and its screen is larger than what many laptops have. People can run ...

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Google announces Android Wear, confirms smartwatch plans

Android

Google on Tuesday announced Android Wear, “a project that extends Android to wearables” like smartwatches. The announcement is aimed at attracting developers, who can create apps for the new family of Android devices, before smartwatches and similar devices powered by ...

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