U.S. average gasoline price slips 3 cents over past two weeks
Submitted by Sudesh Tomar on Mon, 03/25/2013 - 12:14Average price of gasoline in the United States remained on the decline over the past week and now average over 20 cents per gallon cheaper year on year, according to latest Lundberg Survey.
The average price of regular gasoline across the continental United States slipped 3 cents over the past two weeks, bringing it down to $3.71 a gallon. More precisely, gasoline prices averaged at $3.7074 a gallon on March 22, as compared with $3.7394 a gallon on March 8.
Over the past four-week period, gasoline prices slipped 8.76 cents year on year.
Twitter turns seven years old
Submitted by Mahendra Bahal on Fri, 03/22/2013 - 11:53Twitter, popular micro-blogging platform that allows users to send and receive tweets (messages) in up to 140 characters, turned 7 years old Thursday.
Co-founded and launched by Jack Dorsey and Biz Stone in the year 2006, Twitter is today one of the biggest social media giants that offers news, gossips, pictures, complaints, sports scores and all that.
YouTube’s monthly active user base crosses 1bn-mark
Submitted by Ananda Majumdar on Fri, 03/22/2013 - 11:49YouTube, the biggest video-sharing site of the world, is getting even bigger.
Founded in February 2005 and acquired by Google Inc in 2006, YouTube recently hit one billion monthly unique users.
Announcing the milestone, YouTube team said, "Nearly one out of every two people on the Internet visits YouTube. Our monthly viewership is the equivalent of roughly ten Super Bowl audiences."
The team pointed out that if YouTube were a country, it would be the third biggest in the world after China and India, in terms of population.
Intel’s upcoming Haswell chip shows unsatisfactory performance
Submitted by Ananda Majumdar on Thu, 03/21/2013 - 11:26Intel's upcoming fourth-generation Core processor "Haswell" is just three percent faster than the existing Ivy Bridge, according to a review of the chip by Tom's Hardware.
The next-generation Haswell processors will not be released until June this year, but Tom's Hardware reportedly got hold of a leaked chip and tested it. It is also possible that Intel itself had granted permission for the same to get some early review.
YouTube reaches to 1 billion monthly users
Submitted by Mahendra Bahal on Thu, 03/21/2013 - 09:35Google Inc's video-sharing site YouTube has announced that the number of unique users visiting it every month has cross 1 billion.
Announcing the new milestone, the YouTube team said that nearly half of all Internet users are visiting YouTube every month to watch everything from small clips of cute puppies to depressing scenes of social unrest around the globe.
In other words, 1 in every 7 people on the plant or 14.7 per cent of the whole world population is visiting YouTube every month.
Twitter co-founder wants to be New York City’s next mayor
Submitted by Sudesh Tomar on Wed, 03/20/2013 - 13:29Jack Dorsey, co-founder of micro-blogging site Twitter, reportedly wants to succeed Michael Bloomberg as New York City’s next mayor.
In arecent interview with 60 Minutes, Dorsey expressed his desire to move to the New York City and run the race for mayor.
It was not the first time that the Twitter co-founder expressed his desire to become New York City’s mayor. Previous in 2011, he had admitted to Vanity Fair that his goal falls in line with Reddit co-founder Alexis Ohanian's call for "more geeks in Congress" and other public offices.
Smartwatch is one of Samsung’s future products: senior executive confirms
Submitted by Mahendra Bahal on Wed, 03/20/2013 - 13:25South Korean electronics giant Samsung has confirmed that it too is working on a smartwatch.
Lee Young Lee, executive vice president of mobile business at Samsung, said the company had been working on the smartwatch for quite a long time.
Speaking on the topic, Lee said, “We've been preparing the watch product for so long. We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them.”
Asking price for Heath Hall cut by £35m
Submitted by Sunil Kumar on Tue, 03/19/2013 - 06:44Heath Hall, the most expensive home for sale in Britain, has become cheaper by a whopping £35 million, but it still costs £65 million.
Property tycoon Andreas Panayiotou, the owner of the 14-bedroom Heath Hall mansion, had put it on the market in the year 2011 with a guide price of £100 million.
But a lack of interest in the mansion forced Mr. Panayiotou to drop the asking price to a more realistic £65 million.
The price cut is enough to purchase a 6-bedroom Georgian terrace in up-market Belgravia or as many as 215 "average" homes in the country that cost £162,000 each.
M&S shares jump on back of takeover report
Submitted by Sunil Kumar on Tue, 03/19/2013 - 06:39Stock in Marks & Spencer (M&S) on Monday surged on reports that Qatar's sovereign wealth fund is preparing to place a takeover bid for the British clothing retailer.
The stock hit a high of 407.7p a share before closing at 398.1p a share on Monday, up 25.6p from the previous close. The 6.9 per cent gain added more than £400 million to the market value of the retailer.
The stock gained on a report published by The Sunday Times newspaper that the Qatar Investment Authority had plans to assemble a consortium to place £8 billion takeover bid for the UK's biggest clothing retailer.
Volkswagen’s Chinese arm to recall cars over gearbox complaints
Submitted by Karan Randhawa on Mon, 03/18/2013 - 11:51Volkswagen China, the Chinese arm of carmaker Volkswagen AG, has announced its decision to recall an unspecified number of cars to fix potential issues with the vehicles’ direct-shift gearbox systems.
The announcement of the recall was made after it received a notification from China’s quality watchdog, which reportedly found substandard direct-shift gearbox systems in the vehicles.
The substandard gearbox systems can cause unintentional acceleration, which can cause accident.
SimCity with an offline mode didn’t fit Maxis’ vision: Lucy Bradshaw
Submitted by Mahendra Bahal on Mon, 03/18/2013 - 11:45A SimCity game with an offline mode wouldn’t have fit the developer’s vision for the admired game, Maxis’ general manager Lucy Bradshaw said.
Bradshaw stressed that there were a number of reasons why shed felt SimCity had to be always-online. The reasons cited by Bradshaw include online players’ ability to exchange gifts; and online players’ ability to enjoy social features like challenges and achievements.
Home Retail upgrades full-year profit forecast for second time since January
Submitted by Leonard Moore on Fri, 03/15/2013 - 14:26Home Retail Group (HRG) on Thursday upgraded its full-year profit forecast, thanks to continued sales growth at its Argos chain.
Raising its full-year profit forecast for the second time since January, the group said that it expected to pocket £90 million in the soon-to-be-ended year.
The group's Argos chain reported an increase of 5.2 per cent in underlying sales over the eight-week to March 2. The increase in sales was mainly driven by a robust demand for tablet computers, fridges and freezers.
MPs to examine whiplash claims’ impact on soaring car insurance costs
Submitted by Leonard Moore on Fri, 03/15/2013 - 12:23A cross-party committee of MPs is trying to determine the extent to which whiplash injury claims are responsible for the soaring costs of car insurance.
The road-related personal injury claims have jumped by nearly 60 per cent since the year 2006. Insurers' average estimate suggests that nearly 1,500 whiplash claims are being made per day, prompting ministers to say that action was required to curb the whopping increase in the number of claims.
NY federal jury finds Nintendo responsible for infringement of Tomita’s patent
Submitted by Ananda Majumdar on Thu, 03/14/2013 - 06:48A federal jury on Wednesday found videogame giant Nintendo responsible for infringement of Seijiro Tomita's glasses-free 3D technology for 3D, and asked the game maker to pay Tomita $30.2 million in compensatory damages.
The patent suit was filed by Tomita in the year 2011. Nintendo's attorney Scott Lindvall argued that Nintendo's 3DS gaming device did not use the central features of the patent owned by Tomita.
But, the federal jury in New York found that that Nintendo in deed used features of the patent in its handheld 3DS gaming device.
BlackBerry receives order for 1 million BlackBerry 10 devices
Submitted by Mahendra Bahal on Thu, 03/14/2013 - 06:44Canadian smartphone maker BlackBerry has claimed that it has received an order for 1 million BlackBerry 10 devices from one of its established partners.
The Waterloo, Ontario-based company said in a statement that the order for 1 million devices - the biggest order in the company's history - was a tremendous vote of confidence in its new BlackBerry platform.




























