Companies & CEOs
Microsoft to Invest in Information Security - 07/21/2015
American software giant Microsoft is preparing to acquire an Israeli developer of information security Adallom. The deal amounted to $ 320 million. According to anonymous sources familiar with the situation, Microsoft executives have already confirmed their intention to purchase Adallom. In case of successful completion of the transaction, it would be the fourth acquisition of Microsoft since the...
Clearing backlogs for Airbus and Boeing is a mammoth task - 07/17/2015
Although the aerospace industry is riding a wave of increased orders, a smooth functioning of the supply chain management is increasingly becoming critical for its operations, delivery and profitability. Adding to this burden is the phasing out of old models and replacing them with newer more fuel efficient ones. With the Paris air show underway, the movers and shakers of the world’s aerospace...
Alexis Tsipras ties the Gordian Knot - 07/16/2015
Alexis Tsipras has pulled off, what many thought, to be impossible: he has passed those necessary legislations as demanded by his creditors. He has saved Greece from the brink of bankruptcy. The ball is now on the Eurozone’s finance ministers who have now to keep their part of the deal. Alexis Tsipras, the Greek Prime Minister has done what most people thought would be impossible: the Greek...
$3 billion accounting scandal now haunts Toshiba - 07/16/2015
Way back in April Toshiba had reported accounting malpractices. Thanks to these irregularities, the company is unable to finalize its books of accounts nor is it able to distribute any dividend. Half of its board is set to resign. As per sources familiar to the story at hand, Toshiba Corp has been accused of improper accounting to the tune of 300-400 billion yen which amounts to $2.4-3.2 billion....
Netflix pushes for Charter acquisition of Times Warner Cable - 07/16/2015
Internet video subscription service Netflix has announced that the company will push for the acquisition of Time Warner Cable by Charter Communications Inc, if the latter provides free access to its customer details. Netflix is planning to provide full-fledged support to the $55 billion ac quisition plan according to the filing by the company to...
Verison Aims on Young Audience - 07/15/2015
American mobile operator Verizon is betting on the news. The company have decided to sign a contract with the news content supplier Vice Media and is going to sell it to owners of smartphones and tablets. This morning, Verizon said that the creator of Vice magazine, and YouTube Channel Vice News entered the list of its partners. It is a powerful player in the information field, whose...
10 Famous People that Went Bankrupt - 07/14/2015
The famous rapper 50 Cent once owned a fortune of $ 155 million, but now he has declared himself a bankrupt. And he's not the only one of those reach people who lost their fortune. 1. Kim Basinger In 1993, the actress also declared bankruptcy, her fortune at the time was estimated at $ 5.4 million. The reason for this proposal was her refusal to star in the film ‘Boxing Helena’. Main Line...
Alibaba's Senior Accused of Bribe - 07/10/2015
Alibaba Pictures Executive Director is detained by Chinese police on corruption charges. Public Security Bureau put under arrest Patrick Liu Chunning, the vice president of Alibaba Group, and general manager of OSTV, Alibaba Group division. The Bureau accused him of taking bribes during his tenure in the investment holding company Tencent Holdings. Alibaba Group has a controlling stake in Alibaba...
The intake of Prozac and Paxil may lead to birth defects - 07/10/2015
As per a study the intake of Paxil and Prozac during the early stages of pregnancy may lead to possible birth defects in the baby. In a sweeping study conducted by the government on thousands of woman, has found that the use of older anti-depressants such as Paxil and Prozac can lead to birth defects. However, it has cleared other treatments of anti-depressants using Lexapro, Celexa and Pfizer’s...
Facebook to Launch its Own Music Streaming Service - 07/09/2015
Facebook plans to launch its own music streaming service that would compete with Apple Music, Spotify and others. It is reported by Music Ally, citing its own sources close to the company. The first step towards the creation of the service will be the development of monetizing music videos algorithm that are already played in the social network. For allocating royalties for the use of songs,...
