Beating expectations and pointing to strong sales of its new Galaxy S7 smartphones, tech giant Samsung Electronics said on Thursday its first-quarter operating profit likely rose 10.4 percent from a year earlier. After a healthy start for new premium products and… Read More ›
Daimler confirmed on Wednesday that talks were on between Amazon and Microsoft with Germany’s luxury carmakers for taking a minority stake in HERE to help develop self-driving cars. HERE is a digital mapping business that is controlled by a Germany carmakers’… Read More ›
A $139 million five-year contract for RelayHealth’s patient engagement and interoperable secure messaging solutions has been awarded by the Department of Defense (DoD) and the Defense Health Agency (DHA), McKesson announced on Wednesday. Patients, physicians, physician assistants, nurse case managers,… Read More ›
All eyes are on Fed Chair Janet Yellen as she attempts to introduce inflation to the U.S. in a slow and controlled manner. Currency analysts are predicting a greater weakness in the greenback in the wake of the Federal Reserve… Read More ›
Companies will now have to re-work their tax strategies in order to optimize their U.S. tax profile. In what has been described as a major victory for President’s Obama’s drive to curb tax dodging moves made by corporates, Pfizer Inc’s… Read More ›
World’s biggest cyber heists, the theft of $81 million from the Bangladesh central bank, seems to be the handiwork of Chinese hackers according to a senator in the Philippines. On the other hand, a female bank manager in Manila accused… Read More ›
Journalists probing the contents of the Panama Papers, one of the biggest document leaks in history were helped by software produced by a little-known Australian developer. The software helped the journalists to piece together news leads from the mountains of… Read More ›
ValueAct had settled earlier disputes by paying a penalty of $1.1 million. In this case however, the lawsuit hinges on the definition of “passive” holdings as defined in the Hart-Scott-Rodino (HSR) Act. Citing violations of notification requirements related to Halliburton… Read More ›
The contract covers the current 737 jets as well as the next generation MAX jumbo jets. In a development that has been termed by industry experts as boosting competition, Boeing Co has said it has finalized on a new aircraft… Read More ›
The Panama Papers come at a time when countries across the globe are facing a financial shortfall. It would be in their interest to recover monies illegal parked in offshore accounts. With the leaking of documents from a Panamanian law… Read More ›
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