Apple’s strategy of importing refurbished iPhones in order to capitalize on India’s booming smartphone market to offset its flagging sales did not take off. It will now have to find other means to remain competitive. In a move that is… Read More ›
Month: May 2016
Anonymous launches DDOS against Bank of Greece
In a video message posted on YouTube, Anonymous said, “This marks the start of a 30-day campaign against [Greece’s] central bank sites across the world.” Activist hacking group, Anonymous has begun attacking Greek’s central bank with an official from the… Read More ›
Renault comes under fire for its CEO’s pay package for 2015
Renault’s board has agreed to provide Carlos Ghosn the company’s CEO a pay package of 7.19 million euros despite Renault’s lackluster results. France’s economics minister Emmanuel Macron has commented saying if Renault does not self-moderate its CEO’s pay, the government,… Read More ›
It’s probable that oil prices will stabilize within a year
The U.S. Department of Energy expects global oil prices to balance themselves out in a year’s time. Ernest Moniz, the Energy Secretary of the United States has disclosed that he expects the global supply and demand of oil to rebalance… Read More ›
Johnson & Johnson to pay $55 million in talc powder ovarian cancer trial
The plaintiff had used J&J’s feminine talc powder products such as Baby Powder and Shower to Shower Powder on her genitals for decades. The usage of talc powder for feminine hygiene has been linked to an increased risk of ovarian… Read More ›
Halliburton Baker Hughes merger had raised significant concerns with competition agencies worldwide
As per the EU Commissioner, the EU equivalent of antitrust regulators had worked closely with its peers from U.S., Brazil and Australia. Margrethe Vestager, the EU Commissioner opines that the aborted merger of Halliburton and Baker Hughes is significant, since… Read More ›
VW’s criticized for rewarding its board with a bonus
Volkswagen’s decision to pay a bonus to its board leads to public outcry in Germany. The German finance minister, Wolfgang Schaeuble, has come down heavily on Volkswagen’s board for not waiving bonuses despite the fact that the diesel emission scandal… Read More ›
Bitcoins are likely to become increasingly popular
With their pricing details published by the International Exchange Group, which owns the NYSE, and the CME group, the choppy waters of bitcoins are likely to be dampened. In a move that could significantly boost the credibility of bitcoins, Intercontinental… Read More ›
U.S. Justice Department requests Daimler to check the emissions of its diesel vehicles
Daimler has hired Deloitte Touche Tohmatsu for this purpose. Yet another car manufacturing company has come under the lens for its diesel engine emission claims. Audit firm, Deloitte Touche Tohmatsu has been hired by Daimler to assist its internal investigation… Read More ›
Jean Marc Janaillac set to take the helm at Air France KLM
Job cuts by France’s socialist government and dealing with the company’s powerful unions will be the challenges Janaillac will have to face as Air France KLM’s CEO, to name a few. As per a source who is close to the… Read More ›
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