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Editorial Team


Twitter CEO Dick Costolo quits

US-based social media giant Twitter will have a new CEO. The companyโ€™s present CEO Dick Costolo is stepping down after a five year tenure and the companyโ€™s co-founder Jack Dorsey
Published on June 12, 2015
By Editorial Team

Foxconn in early talks to set up plants in India

Taiwanese hardware production company Foxconn Technology is in talks to manufacture Apple’s iPhone in India in a move that could potentially decrease the prices for the iconic phone in the
Published on June 12, 2015
By Editorial Team

Anti-trust investigations against Apple Music underway

Apple Incโ€™s music streaming service has already ran into troubles, a week after its launch. The attorney generals of New York and Connecticut have started to delve deep into the
Published on June 10, 2015
By Editorial Team

Qantas and American Airline extend their four year agreement

Australian carrier Qantas Airways Ltd and American Airlines Group are advancing their four-year old joint venture into a revenue sharing agreement. The agreement allows the American Airlines Group to operate
Published on June 10, 2015
By Editorial Team

HP to pay $100 million in shareholder’s case over Autonomy deal

US-based technology company Hewlett-Packard has agreed to a compromise settlement of $100 million over a shareholderโ€™s class action lawsuit in relation to the companyโ€™s failed acquisition of British software firm
Published on June 10, 2015
By Editorial Team

Tesla CFO to retire by the end of year

US-based electric car maker Teslaโ€™s CFO Deepak Ahuja has announced his retirement later this year. Tesla will announce the replacement by the year end, according to a disclosure made in
Published on June 10, 2015
By Editorial Team

Deutsche bank appoints John Cryan as CEO

Deutsche Bank is planning to replace its current CEOs Anshu Jain and Jรผrgen Fitschen with its supervisory board member John Cryan. The bank that had been engulfed in lawsuits, scandals
Published on June 9, 2015
By Editorial Team

HSBC to cut 8,000 jobs in UK and 25,000 globally

After a slew of job cuts in the manufacturing industry, it is the turn of the banking industry to cut jobs. UK-based HSBC, which has been mired in money laundering
Published on June 9, 2015
By Editorial Team

Warren Buffet charity lunch acutioned for $2.6m

Rich man and serial investor Warren Buffetโ€™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
Published on June 6, 2015
By Editorial Team

Yahoo to shut down Maps

Yahoo plans to focus on its search business again. The technolcgy company will shut down its maps page as well as many other axillary sites. The company has announced that
Published on June 6, 2015
By Editorial Team

India bans Maggi across the country

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
Published on June 6, 2015
By Editorial Team

Virgin and Delta extend alliance in US-Australia for five years

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
Published on June 6, 2015
By Editorial Team

Nomad acquires Iglo and in talks with Findus

Nomad Holdings Limited has acquired European frozen food manufacturer Iglo Food Holdings for 2.6 billion euros. The transaction has resulted in Nomad becoming an exclusive food marketing company under the
Published on June 5, 2015
By Editorial Team

New Snowden documents reveal NSA surveillance against hacking

The NSA has been skimming through the Internet-based communications of US residents in an effort to track hackers, according to a new report published from the documents leaked by whistleblower
Published on June 5, 2015
By Editorial Team

Thailand GDP to go up by 3.5 per cent: World Bank

Thailandโ€™s GDP is expected to raise by up to 3.5 percent in 2015, according to the World Bankโ€™s Thailand Economic Monitor 2015. The countryโ€™s economy grew only by 0.9 percent
Published on June 4, 2015
By Editorial Team

Cortana set to launch on Android and iOS platforms

Cross-platform selling may be the new marketing wave to strike the smartphone world. After years of duplicating or copycatting efforts by competitors only to create exclusive products that could run
Published on June 4, 2015
By Editorial Team

Report estimates smartphone usage to double by 2020

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
Published on June 3, 2015
By Editorial Team

GM and Subaru recall vehicles with Takata airbags

General Motors and Subaru are the new set of โ€˜victimsโ€™ in the list of car makers who have to recall their vehicles with faulty air bags made by Japanese Takata
Published on June 3, 2015
By Editorial Team

Sikorsky announces layoffs at Pensylvannia plant

Connecticut-based aircraft manufacturer Sikorsky has announced that it would lay off 160 full-time employees and 560 contractors at its facility in Coatesville, Pennsylvania. The layoff is a direct result of
Published on June 3, 2015
By Editorial Team

Telstra outage sparks social media storm

Australiaโ€™s leading telecommunications firm Telstra has served an apology to hundreds of thousands of its customers who could not use their phones or access internet through their phones overnight due
Published on June 2, 2015
By Editorial Team

Solar Impulse 2 World Tour comes to halt at Japan

The worldโ€™s first solar-powered plane which was attempting to fly across the Pacific Ocean has taken a detour and landed in Japan following unwelcoming weather conditions. The Solar Impulse 2
Published on June 2, 2015
By Editorial Team

Intel to buy Altera for $16.7 billion

PC chip maker Intel has announced its intention to buy California-based programmable chips maker Altera for $16.7 billion. The strategic merger will allow Intel to strengthen its position in the
Published on June 2, 2015
By Editorial Team

Competition watchdog bans sale of Lubricant brand to RB

The competition and Markets Authority of UK has temporarily blocked the potential purchase of the K-Y Jelly brand by Reckitt Benckiser (RB) from Johnson & Johnson, saying that the price
Published on May 23, 2015
By Editorial Team

Canadian commission to analyze broadband speed

Canadian government has launched a project to gauge the speed experience consumers have with their broadband service providers. The joint project is conducted by Canadian Radio-television and Telecommunications Commission (CRTC)
Published on May 23, 2015
By Editorial Team

Microsoft unveils new Outlook , Sway feature

American technology company Microsoft has released the new look of its messaging service Outlook . The company announced earlier that the service will get design revamp and a range of
Published on May 23, 2015
By Editorial Team

Blackberry announces job cuts to consolidate smartphone business

Canada-based smartphone maker Blackberry Ltd. has announced that it is cutting jobs at its offices around the world as it is working on a business consolidation plan. The profits for
Published on May 23, 2015
By Editorial Team

NAB to open second China branch

National Australia Bank is set to open its second branch in China. The new branch of the bank will open in Beijing. The bank already has international operations in countries
Published on May 23, 2015
By Editorial Team

Adani lines up buyers for Galilee Basin mine

India-based Adani Mining has signed contracts with buyers for selling nearly 70 percent of coal it plans to produce from its USD 16.5 billion Carmichael mine in Australia. Adani Australia
Published on May 23, 2015
By Editorial Team

Water Issues in Asia : An Interview With Jean-Philippe Filhol, Veolia Water Technologies

For decades, Asia has served as a factory for the rest of the world. However, the offshoring of production to that part of the world has resulted in the displacementโ€ฆ
Published on May 22, 2015
By Editorial Team

Cashless payments dominate for first time in UK

The majority of financial transactions in Britain were made without cash in 2014, a shift from the status quo for the first time in the country. According to the Payment
Published on May 21, 2015
By Editorial Team

Carefirst discloses data breach

American healthcare insurer CareFirst BlueCross BlueShield has disclosed that its website was hacked and the breach would possibly affect about 1.1 million customers. It is revealed that the attack targeted
Published on May 21, 2015
By Editorial Team

IS seizes control of Palmyra

Islamic State has seized control of the ancient Syrian city of Palmyra, according to the Syrian Observatory for Human Rights. According to the groupโ€™s head Rami Abdel Rahman Syrian troops
Published on May 21, 2015
By Editorial Team

Computer Services Corporation to split into two companies

Computer Sciences Corporation has announced that the company would split into two separate publicly traded entities. The company CEO Mike Lawrie has noted that the move will make the company
Published on May 20, 2015
By Editorial Team

Endo to buy Par pharma in $8.05 billion deal

US-Irish drugmaker Endo International is planning to buy Par Pharmaceutical Holdings from investment firm TPG Capital in a deal valued at $8.05 billion to expand its generic portfolio. The deal
Published on May 20, 2015
By Editorial Team

Ascenas Retail Group to buy Ann Taylor and Loft brands

American retail group Ascena Retail Group has announced that it would acquire women clothing retail brands Ann Taylor and Loft in a deal valued at about $2 billion. Ascena, that
Published on May 20, 2015
By Editorial Team

Paypal to go public in 2015 third quarter

US-based online payment service company Paypal plans to go public once more. The company had been on the stock market when it has its IPO in 2002. But soon it
Published on May 17, 2015
By Editorial Team

Southwest Airlines adds new domestic and international routes

US-based commercial airline firm Southwest Airlines has announced more domestic and international routes. The company has announced that the new flights schedule will start from January 2016 and the new
Published on May 17, 2015
By Editorial Team

Investor Icahn puts $100 million in Lyft

Investor Carl Icahn’s Icahn Enterprises LP has vowed to make a $100 million investment in mobile phone-based ride sharing service Lyft. The activist investor is known to invest in technology
Published on May 16, 2015
By Editorial Team

US Industrial output continues to plummet down

The US industrial output has fallen for the consecutive fifth month in April. The output dip is largely attributed to lesser energy-related drilling activities and sluggish manufacturing. The industrial production
Published on May 16, 2015
By Editorial Team

Avon denies takeover bid existence

A bid for struggling cosmetics company Avon Products has proved to be a phony one but speculative markets has led to the company getting a momentary high in the market.
Published on May 15, 2015
By Editorial Team

GM to invest $1 billion in Warren Tech Centre

American automobile maker General Motors has planned to invest $1 billion in its Warren research and development campus in suburban Detroit. The company has long been fighting it out with
Published on May 14, 2015
By Editorial Team

NASA unveils specs of latest drone prototype

American space investigation agency NASA has unveiled the latest drone prototype called GL-10. The drone, popularly called as Greased Lightning, is considered one of the best unmanned vehicle (UAV) concept
Published on May 14, 2015
By Editorial Team

Nintendo relaunches world championship after 25 years

Japanese video gaming company Nintendo entertainment plans to host Nintendo World Championships after a hiatus of 25 years. The company is looking at the championships as a publicity stunt before
Published on May 14, 2015
By Editorial Team

AT&T plans to stream Hulu content in its app

American wireless carrier company AT&T has announced a partnership with video streaming service Hulu. The company announced that its users will be able to access the Hulu streaming video service
Published on May 14, 2015
By Editorial Team

Delta Airlines announces share buyback for $6 billion

US-based domestic airline Delta Air Lines Inc has announced share buybacks and dividends amounting to $6 billion. The company plans to return $6 billion back to its investors by the
Published on May 14, 2015
By Editorial Team

Foxconn invests in Cyanogen

Taiwanese contract manufacturer Foxconn has made an investment in mobile software maker Cyanogen. The latest pumping of money had brought a close to the Android OS makerโ€™s $80 million Series
Published on May 13, 2015
By Editorial Team

NTPC signs MoU with Jharkhand state in India

Indian government-run power company National Thermal Power Corporation Limited (NTPC) has signed a MoU with the government of the eastern Indian state of Jharkhand to build the countryโ€™s largest thermal
Published on May 13, 2015
By Editorial Team

Jabong will not go to app-only mode

India-based E-commerce company Jabong has announced that it would not wind down its website in response to such a move by its rivals. The company co-founder and managing director Praveen
Published on May 13, 2015
By Editorial Team

World Bank to invest $59.5 million in Vanuatu Aviation sector

World Bank has planned to invest $59.5 million to improve the safety and efficiency of Vanuatuโ€™s aviation sector. The World Bankโ€™s executive directors approved the credit to the small island
Published on May 13, 2015
By Editorial Team

Tesco to close last six Homeplus stores in Britain

Britain-based department store chain Tesco has announced that it would close the remaining six Homeplus stores in the country. The closure is expected to happen in the cities of Bristol,
Published on May 13, 2015
By Editorial Team
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