Editorial Team
Markets & Industries
Verizon buys AOL for $4.4 billion
US-based telecom and broadband giant Verizon has bought erstwhile Internet company AOL for $4.4 billion at $50 a share. Verizon has amassed AOL’s online video data as part of this
Published on May 13, 2015
By Editorial Team
Companies & CEOs
Spotify to launch video streaming service
Music streaming service Spotify is planning to build its portfolio by adding web video streaming service as well. According to a report in Wall Street Journal, the company is in
Published on May 8, 2015
By Editorial Team
Markets & Industries
Toronto pushes for injunction against Uber
Uber is facing a tough ride in Toronto with the city arguing that a complete injunction will be the only way out to stop the rideshare app service from its
Published on May 8, 2015
By Editorial Team
Markets & Industries
Tribune to buy UT San Diego for $85 million
US-based media company Tribune Publishing has announced that it would be buying San Diego-Union Tribune for $85 million. Tribune, the owner of media products such as TIME, Los Angeles Times
Published on May 8, 2015
By Editorial Team
Companies & CEOs
Tesla buys Michigan-based auto parts supplier
Electric car manufacturer Tesla Motors has acquired Riviera Tool, a Michigan-based auto supplier for an undisclosed amount. This is one of the first exclusive-auto deal made by Tesla in recent
Published on May 7, 2015
By Editorial Team
Markets & Industries
Alexion to buy Synageva for $8.4 billion
US-based pharma company Alexion Pharmaceuticals has agreed to a $8.4-billion deal to buy Synageva BioPharma to acquire the rights for a rare disease treatment maker. Synageva, a new company based
Published on May 7, 2015
By Editorial Team
Companies & CEOs
Wendy’s to shut down 640 units in US and Canada
US-based fast food chain Wendy’s plans to sell 640 restaurants in the U.S. and Canada to franchisees to generate cash and reduce expenses. The restaurants are currently operated by the
Published on May 7, 2015
By Editorial Team
Innovation & Tools
FTC to slap anti-trust policies of Qualcomm
Korea’s Fair Trade Commission (FTC) has identified Qualcomm’s patent licensing practices to be an abuse of standard essential patents and has considered the company as violating anti-trust policies. Qualcomm has
Published on May 6, 2015
By Editorial Team
Markets & Industries
EU unveils digital strategy in Brussels
The European Union has announced a deep probe into how technology, internet and social media giants are using their market power and put regulations if necessary. The inquiry will focus
Published on May 6, 2015
By Editorial Team
Companies & CEOs
Boeing shuts down Southern California military jet plant
US-based aerospace giant Boeing is winding down operations at its Southern California plant which manufactures military jets. The plant has been making C-17 Globemaster III, a military transport jet capable
Published on May 6, 2015
By Editorial Team
Companies & CEOs
HP accuses two Autonomy executives in $5.1 bn legal battle
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
Published on May 5, 2015
By Editorial Team
Companies & CEOs
Microsoft takeover rumor shoots up Salesforce share prices
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
Published on May 5, 2015
By Editorial Team
Markets & Industries
Australia must look ahead of Commodities: Mike Smith
Australian banking giant ANZ’s CEO Mike Smith has warned that the country’s dependence on commodity boom is not signaling a bright future. Smith indicated that the country, which has not
Published on May 5, 2015
By Editorial Team
Markets & Industries
Australian energy regulator brings down charges
Australia’s electricity regulator has reduced by more than A$7 billion ($5.6 billion) the revenue state-owned and private power distributors can charge customers in heavily-populated states and districts. The nation-wide cuts
Published on April 30, 2015
By Editorial Team
Companies & CEOs
Black & Decker fined $1.5 million for faulty lawnmovers
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
Published on April 30, 2015
By Editorial Team
World & Politics
US Navy sends destroyer to rescue detained cargo ship in Iran
The United States Navy has sent a destroyer toward the Persian Gulf on Tuesday after Iran was unrelenting in giving away the control of a Marshall Islands-flagged cargo ship after
Published on April 29, 2015
By Editorial Team
Innovation & Tools
Uber launches food delivery service
US-based ride sharing app Uber has officially launched its food delivery service called UberEats. The new service was launched this week in Barcelona and Los Angeles where the company already
Published on April 29, 2015
By Editorial Team
Innovation & Tools
GoPro acquires virtual reality company Kolor
Camera equipment maker GoPro has announced the acquisition of French software maker Kolor. The acquired company’s technology stitches together photos and videos into interactive media. GoPro which is in the
Published on April 29, 2015
By Editorial Team
Companies & CEOs
Regions bank fined for illegal overdraft charges
Illegal overdraft charges have got Regions Bank in a muddle as the Federal government has fined it for $7.5 million. The overdraft charges were levied without the permission of customers
Published on April 29, 2015
By Editorial Team
Markets & Industries
Apple announces its second best quarterly results
Apple Inc has released its second quarter results and with iphone 6 sales booming, the company has recorded its second best quarterly result this year. The company CEO Tim Cook
Published on April 29, 2015
By Editorial Team
Markets & Industries
Cablevision announces deal with Hulu
Cablevision corp. has announced a deal with online streaming service Hulu to offer the company’s on-demand shows and movies to its customers, becoming the first cable or satellite TV provider
Published on April 28, 2015
By Editorial Team
Companies & CEOs
Ford recalls vehicles in North America for third time this year
US-based car maker Ford Motor Company has announced that it is planning to recall 390,000 vehicles with a possible door latch glitch. The automaker will be calling back Ford Fiesta,
Published on April 28, 2015
By Editorial Team
Management & Strategy
Blavatnik tops UK rich list
Ukraine-born businessman Len Blavatnik has topped the list of the wealthiest men in UK according to the UK Sunday Times Rich List. Blavatnik has interests in a range of industries
Published on April 28, 2015
By Editorial Team
Companies & CEOs
ESPN takes Verizon to court
Sports network ESPN is joining the slew of cable companies and channels that are suing Verizon for alleged breach of contract. The company has filed a lawsuit on Monday in
Published on April 28, 2015
By Editorial Team
Markets & Industries
Burger King shows record growth in first quarter
Canadian fast food chain Burger King has recorded its biggest sales jump in nearly a decade in the US and Canada during the first quarter of 2015 even while fast
Published on April 28, 2015
By Editorial Team
Companies & CEOs
Cap Gemini to buy US-based IGate
French IT services company Cap Gemini has announced that it would buy US-based rival group IGate for $4 billion. The merger will provide Cap Gemini with complete access to North
Published on April 27, 2015
By Editorial Team
Companies & CEOs
Xiaomi expects triple revenue this year
Chinese smartphone maker Xiaomi Corp. is expecting revenue to triple this year, thanks to games and payment apps. The company that has been selling its smartphones at competitive prices to
Published on April 25, 2015
By Editorial Team
Companies & CEOs
Apple Watch debuts at luxury retailers
Technology company Apple’s new trophy product, Apple Watch is released to select customers who pre-ordered the device. According to analyst records, nearly 1 million watches have been released to the
Published on April 24, 2015
By Editorial Team
Companies & CEOs
Lowe’s under scutiny for usage of toxic chemical in floorings
After Home Depot, environmental and health activists are forcing home improvement store Lowe Co’s to stop selling flooring laminates which has a potentially toxic chemical in it. While Home Depot,
Published on April 23, 2015
By Editorial Team
Innovation & Tools
Twitter changes abuse policies
Social media company Twitter has launched a filter to verified iOS users to keep out abusive tweets and tweets that give threats of violence at bay, according to a report
Published on April 22, 2015
By Editorial Team
Companies & CEOs
Walmart to cut management layer in US stores
World’s largest grocery retail chain Walmart is planning to take away a layer from its in-store management to simply its operations. According to Wal-Mart spokesman Kory Lundberg, the company will
Published on April 22, 2015
By Editorial Team
World & Politics
IMF and AMF signs MoU to deepen cooperation
The International Monetary Fund and the Arab Monetary Fund have signed a Memorandum of Understanding (MOU) to enhance cooperation in the region. “This agreement will strengthen our partnership with the
Published on April 22, 2015
By Editorial Team
Companies & CEOs
Leighton Holdings to change name to CIMIC Group
Multi-national contractor Leighton Holdings is changing its name to CIMIC Group amidst a rebranding effort to save its tarnish image. The name change has got the approval from shareholder at
Published on April 22, 2015
By Editorial Team
Markets & Industries
Singtel to remove Optus from Australian Stock Exchange
Singtel, the Singapore-based company behind Singtel-Optus has announced that it has no plans to sell or cut back investment in the telco, despite taking the company off the listing on
Published on April 21, 2015
By Editorial Team
Companies & CEOs
Clydesdale fined $40 million in PPI scandal
Scotland-based Clydesdale has been fined $40 million by Britain’s financial ombudsman due to its involvement in the PPI scandal. The fine is the biggest ever handed out by the Financial
Published on April 21, 2015
By Editorial Team
World & Politics
Illegal migrants’ death cause furor in EU
Around 900 illegal migrants are believed to be dead in the Mediterranean Sea as the boat they were sailing in capsized as they moved from various parts of Africa to
Published on April 21, 2015
By Editorial Team
Companies & CEOs
Google updates smartwatch software
US-based software giant Google has updated its Google Wear software run on Android platform to make it as agile as Apple Watch. The update will be available now in the
Published on April 21, 2015
By Editorial Team
Markets & Industries
Middle East learns about waste management
The Middle-East is ending its demographic transition. This means population will remain relatively stable from now on, but the transition has caused a dramatic increase in the people’s number. Developing…
Published on April 20, 2015
By Editorial Team
Markets & Industries
Microsoft partners with Cyanogen to bring its app to the OS
Open source software system Cyanogen has partnered with Microsoft Corporation to include Microsoft apps as part of its custom open-source operating system for Android phones. The new deal will add
Published on April 18, 2015
By Editorial Team
Markets & Industries
CenturyLink files lawsuit against FCC over Net Neutrality
Internet Service Provider CenturyLink has joined the list of ISPs and trade groups suing the US Federal Communications Commission over its revamped net neutrality rules. The company filed its lawsuit
Published on April 18, 2015
By Editorial Team
Innovation & Tools
IKEA to sell wireless charging furniture
Sweden-based affordable furniture retailer IKEA has rolled out its new range of wireless charging furniture in Europe. The iconic company is also planning a roll out in the US soon.
Published on April 17, 2015
By Editorial Team
Markets & Industries
Huawei launches P8 and P8 Max smartphones
China-based phone manufacturer Huawei has unveiled its flagship P8 and P8 Max smartphones. The new phone will pitch the Chinese manufacturer against the likes of Samsung and Apple with the
Published on April 16, 2015
By Editorial Team
Management & Strategy
American CEO paves way for income equality at his company
The CEO of an American credit cards processing company has announced that all his employees will have a minimum wage of $70,000. The CEO and founder of Gravity Payments, Dan
Published on April 16, 2015
By Editorial Team
Markets & Industries
Netflix to rethink unmetered data deals in Australia
US-based entertainment streaming service company Netflix is not looking at the decision to provide unmetered data cap deals for Optus and iiNet customers in Australia as a good one. The
Published on April 16, 2015
By Editorial Team
Markets & Industries
Australian umeployment rate in March spirals down
The Australian unemployment rate has dropped to an unexpected rate this March. The rate falling off has indicated that the central bank’s effort to shore up confidence with record-low interest
Published on April 16, 2015
By Editorial Team
World & Politics
Details of second Sydney airport revealed
The city of Sydney in Australia is planning to get a second airport. The construction for the new airport will begin next year and will come up in a proposed
Published on April 15, 2015
By Editorial Team
Markets & Industries
EU anti-trust regulators set to charge Google
The anti-trust regulators of European Union are closing in on US software giant Google, with the watchdog currently planning to set up a charge sheet against the company, accusing it
Published on April 15, 2015
By Editorial Team
Companies & CEOs
Microsoft replaces Lync with Skype for Business
Microsoft has replaced its office business communication tool Lync with ‘Skype for Business’. The new tool was rolled out publicly today as part of the company’s Office update. It is
Published on April 15, 2015
By Editorial Team
Companies & CEOs
Nokia set to acquire wireless assets of Alcatel Lucent
Finish communications company Nokia Oyj has advanced its negotiations with French telecommunications company Alcatel-Lucent SA to buy the company’s wireless assets. While Nokia was mulling over a complete takeover of
Published on April 14, 2015
By Editorial Team
Markets & Industries
Pepsi locks deal with NBA after 28 years
Pepsico has announced partnership with American Premium Basketball league NBA as it will replace Coca-Cola as the exclusive beverage at the league matches. The new announcement signals a new breakthrough
Published on April 14, 2015
By Editorial Team
