Rich man and serial investor Warren Buffet’s annual charity lunch has been auctioned for $2.3m to a Chinese gaming company.   The lunch has been in the auction for 16 years and is a popular annual gig for the CEO of Berkshire Hathaway. The funds will go to Glide Foundation, an NGO that works to get communities to help break the cycles of poverty and marginalization. The auction started at...

The Food Safety and Standards Authority of India (FSSAI) has ordered Nestle India to immediately withdraw nine varieties of its instant noodle brand from the market in the country following reports on high lead and Mono Sodium Glutamate content in the food product.   The Maggi Brand of Noodles, iconic and extremely popular in the country, has been of late going off the shelves in different...

The alliance between Virgin Australia and Delta Airlines has been given the green signal by the competition watchdog of Australia albeit, for half the period that was requested.     The airlines formed the alliance in 2011 and have requested for a renewal for up to ten years. The alliance helped the airlines to combine their services to Australia and the US, according to the...

The most expensive car collection in the world with 23 unique post-war cars will be offered for sale a auction house Sotheby's in August. The collection’s value is estimated at a record $ 65 million - said the publication Gear Patrol. The collection will be sold at prestigious exhibitions Concours d'Elegance, which is held annually in the Californian city of Pebble Beach. The name of its owner is...

Smartphone use in the world could literally double by 2020, according to a report published by Ericsson Group.   The company has divulged that within the next five years, mobile data traffic could increase by nine fold and the total smartphone subscription in the world could go up to 6.1 billion, up from 2.6 billion. Non-smartphone phone users will be at 90 per cent utilization, saturating...

General Motors and Subaru are the new set of ‘victims’ in the list of car makers who have to recall their vehicles with faulty air bags made by Japanese Takata Corporation.   Currently, there are 11 automakers in the list who have recalled or is in the process of recalling their vehicles with faulty airbags made by Takata Corporation. The bags were tested to be inflating with far more...

In May, US companies took part in the mergers and acquisitions totaling $ 243 billion, which was an absolute monthly record. Record volumes in M & A were the result of increased activity among the companies of high-tech sector and telecommunications, as well low interest rate held back by Fed. According to Dealogic research firm, the total volume of mergers and acquisitions between companies...

Speaking of the current scenario which has been profound in the health sector, one can be assured of the fact that over the years it has emerged as the best scope for employment with a never-ending tally for job opportunities. Thestrategist.media, Ann Arbor, Mich – 13 May 2015 – Business Wire reports that the health services sector seemed to have housed in 45,000 jobs around the month of April...

U.S retailers and their concerns for investments and sales returns from U.S markets are still troubled even though markets have been looking stronger. BDO has conducted research that highlights the concerns plaguing U.S retailers. Thestrategist.media, Chicago – 18 May 2015 – In spite of positive sales projections, upbeat consumer confidence levels and lot other optimistic sales growth...