Tom Ward, the former CEO of SandRidge has also been sued. This lawsuit could potentially impact his new venture – Tapstone Energy. Investors who had erstwhile sold natural gas and oil land leases to now bankrupt SandRidge Energy Corp and… Read More ›
GE plans on capitalizing on IoT for improved industrial efficiency. According to an executive from General Electric, the company is set to make a savings of $500 million in 2016 by using industrial internet applications. During a press conference in… Read More ›
Following the release and the instant and magnanimous popularity of Pokemon Go, guidelines on how to safely use augmented-reality video games were issued for the public by the Spanish police on Monday. Tips like users and players of such games… Read More ›
All cars with an autopilot function would now be manufactured in Germany would be required to be equipped with black boxes. According to a news report published by news agency Reuters citing sources in the transport ministry of the country,… Read More ›
U.S. bank earnings are under pressure from a low interest regime. With its lending business failing to offset the impact of consistent low interest rates Bank of America Corp has reported a drop of 19% in its second quarter profits,… Read More ›
Revenues from searches, which is a key factor, to its core business have slid by 17%. Potential bidders are likely to bid lower than Yahoo’s actual worth. In a significant development for Yahoo Inc., its latest quarterly results have fallen… Read More ›
Despite having reached a partial settlement earlier last month, of which these three states were a part, they have again filed fresh lawsuits. Despite of having announced settlements plans with embattled auto manufacturer in June, three U.S. states plan on… Read More ›
In a deal worth more than $32 billion, ARM Holdings the giant U.K. semiconductor firm that supplies part of the chip design used in Apple iPhones, will be bought over by Japan’s Softbank. This was announced by the two firms on… Read More ›
According to a report by the Boston Consulting Group, securities firms could be pushed to exit some trading businesses and the global investment banks’ revenue could be reduced by about $8 billion due to Britain’s vote to leave the European… Read More ›
If the deal goes through, it will mean Softbank paying a premium of more than 40% over Friday’s closing rate of the pound at 11.89. Softbank will pay 17 pounds in cash for each ARM Holdings’ shares. According to a… Read More ›
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