HP has slapped a $5.1 billion lawsuit against Autonomy which it bought in a deal in 2012. The acquisition ended up as a disaster for HP which had to write down $8.8 billion. According to HP, the company had to pay more than the actual worth of Autonomy because of the exaggerations made by the executives, Mr. Hussain and Mr. Lynch. HP accused Mr. Lynch and Sushovan Hussain, Autonomy’s former chief...

The stock prices of cloud software provider Salesforce has gone up by 8 per cent from last week thanks to rumors in the market of Microsoft’s bid to buy the company.   Bloomberg earlier reported that Microsoft is in the fray to buy the successful cloud service company and the shares have only risen due to the news with a record high of $78.46. Meanwhile, both Microsoft and Salesforce have...

The prosecution believes that the bank's management intentionally impeded investigating high-profile case of the bankruptcy of the German businessman Leo Kirch’s media empire. The Munich prosecutor's office accused the Deutsche Bank of disrupting the investigation. As reported on Tuesday, May 5th by the agency dpa, the prosecutor Stephan Necknig stated this during the second meeting on the case...

Malaysia Airlines intends to sell or lease a part of its fleet, including six long-haul Airbus A380, and cancel flights to European cities. The airline, that is experiencing financial difficulties after two tragic cases with its planes last year, is carrying out the measures under the leadership of a new CEO, who took office on May 1st. The news agency Leeham News and Comment, which specializes...

Promising figures of the film industry, Daryl Katz and Joel Silver, come together to create the “Silver Pictures Entertainment”. Thestrategist.media – 01 May 2015 – Patrick Hipes reports that Joel Silver has shaken a hand of partnership with Daryl Katz who is an entrepreneur from Canada; together the duo is about to form the “Silver Pictures Entertainment”. The said company will invest in...

Austin McChord creates new land marks among the ‘information-recovery’ companies. His company, Datto, can restore any company’s system within minutes in case anything goes wrong with it even due to natural calamities. Thestrategist.media – 01 May 2015 – McChord, the C.E.O. of Datto, dealing “in the coma-inducing business of information recovery”, informs that his company is “far from Silicon...

One of the largest airlines in the world, the French Airbus, intends to apply to the court for appearing in the press reports of industrial espionage for the country. According to German media, espionage was carried out by the Federal Intelligence Service of Germany and the US National Security Agency. Airbus drew attention to the reports in the press that the German and US intelligence agencies...

April 29, it became known that Circle Internet Financial company specializing in Bitcoins may receive an investment of $ 50 million from US bank Goldman Sachs. If companies manage to agree, Goldman Sachs will become the first major bank to go for such a significant investment in a company specializing in Bitcoins. On Tuesday, the US-Bitcoin Exchange Coinbase launched the first exchange outside...

Home electronic equipment manufacturer Black & Decker has been fined $1.5 million by The U.S. Department of Justice and the Consumer Product Safety Commission to settle allegations that it knowingly violated the reporting requirements of the Consumer Product Safety Act.   The company allegedly violated the regulations for manufacture and distribution of cordless electric lawnmowers...