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Finance

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

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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

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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

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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

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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

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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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Nokia likely to pick Rajeev Suri as next CEO: Report

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Rajeev Suri, the head of Nokia’s telecoms network equipment division, is likely to become the Finnish group’s next chief executive following the sale of its handset business to Microsoft, a newspaper report said on Friday. Helsingin Sanomat newspaper, citing sources ...

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Google smartwatch’s specifications leaked online

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Google’s rumoured smartwatch is back in news, with a Twitter user leaking its key specifications. According to a tweet by EVLeaks, which has an excellent track record in terms of gadget leaks, has said that the Google smartwatch will have a 1.65-inch IPS display ...

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