Google is preparing to launch a new website and a mobile app YouTube Gaming, which will be devoted exclusively to online games, on the basis of one of its largest asset, video hosting YouTube. This was reported in the company's official blog. According to media reports, a new service from Google will become the main competitor of Twitch. The creators of YouTube Gaming promise that the resource...

The joint-venture of Hess Corporation and “Global Infrastructure Partners” announce their Bakken’s “midstream asset” sale. Thestrategist.media – 13 June 2015 – The StreetInsider reports that Hess Corp. Has come to a term of agreement whereby the company will put up a fifty percent sale on “its Bakken midstream assets to Global Infrastructure Partners”. The latter is one of the world’s leading...

Two major homebuilding group in the US, Standard Pacific Corp and Ryland Group Inc have announced their merger to become the fourth-largest homebuilder in the United States.   The merged new company is likely to become a market-dominant force, as pwe analysts. The new company will have a market capitalization of about $5.2 billion, with an enterprise value of about $8.2 billion. Together,...

American automaker General Motors has announced that the company is cutting down the production of two of its low-performing car brands - Chevrolet Sonics and Buick Veranos. The company is also planning to gradually lay off about 100 workers from July through the end of the year.   As a direct result of the reduction plan, the company’s Orion Township assembly plant near Detroit, Michigan,...

US-based social media giant Twitter will have a new CEO. The company’s present CEO Dick Costolo is stepping down after a five year tenure and the company’s co-founder Jack Dorsey will trake over the responsibilities for a short while.   Though Costolo had been instrumental in bringing Twitter to its present 300 million user strength, the company has not been bringing revenue of late....

Those, who expected a lot from the summit of the seven industrialized countries, got disappointed. Yet, those, who expected nothing, realized they were wrong, too - says DW columnist Christian Trippe. Reality can surprise every observer, since there are results that can be verified sufficiently in specific manner, as well as over time passed. For the policy of assistance to developing countries,...

European Commission launches antitrust investigation against Amazon’s businesses in the area of e-books, reports Reuters. The office will check contracts between Amazon and publishers. European Commission’s new investigation continues to pressure on the retailer, which had previously been accused of making a deal with Luxembourg government for the grant. Previously, EU antitrust authorities...

Third World War is coming, but it's good - said one of the Asian richest men Jack Ma, the founder and CEO of Alibaba Group, adding that Internet and its various platforms may trigger the global conflict. However, it won’t set countries against each other. Instead, countries such as China and the US, will unite to defeat the social evils. - The Third World War is inevitable, but it will not...

US-based technology company Hewlett-Packard has agreed to a compromise settlement of $100 million over a shareholder’s class action lawsuit in relation to the company’s failed acquisition of British software firm Autonomy.   The settlement will put an end to the woes of HP and resolve the allegations that shareholders were purposefully misled by the company’s directors. HP tried to acquire...