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....

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...

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...

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 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...

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 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,...

Vexed by China’s growing naval power which is stopping the Philippines from making use of resources which falls under its exclusive economic zone, Philippines has taken China to court. Of late, China has been muddying the waters of the South China Sea with its growing naval prowess. On its part, the Philippines has promptly dragged it to the International Court in Hague, arguing the International...

The international company Western Union has resumed the transfer of funds to Greece, allowing customers in the country to receive transfers from abroad, reports Reuters. It is noted that customers in 31 countries will be able to use the service Western Union to transfer money to Greece. The company said that all the money transferred to Greece will be credited to customer accounts, but the...