Author Archives

• Yahoo’s non-disclosure of hack is material enough to derail its acquisition – Verizon’s

  By admin1 on October 14, 2016 • ( 0 )

  

  Yahoo has not made public the timeline for the hack despite several shoves to do so by senators. Furthermore, although it has pointed at a state-actor for the incident, private cyber security experts have frowned on these assertions. It would… Read More ›

• PepsiCo close to acquiring probiotic drink maker KeVita for under $500 million

  By admin1 on October 14, 2016 • ( 0 )

  

  The acquisition will help expand PepsiCo foothold in the beverage industry. KeVita’s products include sparkling probiotics, master brew kombucha tea, and vinegar tonics. According to sources familiar with the matter at hand, PepsiCo Inc. is closing to acquiring KeVita Inc.,… Read More ›

• SoftBank partners with Saudi Arabia to create world’s biggest $100 billion tech fund

  By admin1 on October 14, 2016 • ( 0 )

  

  With this strategic fund Saudi Arabia plans to diversify its economy and wean it away from an oil-based economy. Japan’s SoftBank Group and Saudi Arabia have collaborated in an effort to create the world’s largest private equity fund which could… Read More ›

• Moonves will need complete autonomy for running Viacom and CBS – Gabelli

  By admin1 on October 13, 2016 • ( 0 )

  

  If both companies are to be merged with Leslie Moonves at the helm, he will have to be given complete autonomy, opined Mario Gabelli, the second biggest investor with voting rights in both Viacom and CBS. Mario Gabelli, the second… Read More ›

• Hanjin Shipping Asia-U.S. operations to be put up for sale tomorrow

  By admin1 on October 13, 2016 • ( 0 )

  

  Creditors have lined up to buy the shipper’s assets related to Asia-U.S. operations. A spokesman for the South Korean court overseeing Hanjin Shipping Co’s receivership process has disclosed that the shipper’s Asia-U.S. operations is likely to be put up for… Read More ›

• With Echo’s AI, Amazon makes a big splash into the music streaming service

  By admin1 on October 13, 2016 • ( 0 )

  

  Where Pandora and Spotify have failed, Amazon hope to make it big armed with Prime memberships and its interactive AI-backed speaker – Echo. On Wednesday Amazon.com Inc. has launched a full-fledged music streaming service with a subscription rate of just… Read More ›

• Wells Fargo CFO says accounts scandal will not impact its 3 quarters earnings “much”

  By admin1 on October 12, 2016 • ( 0 )

  

  Wells Fargo executives have stated that the accounting scandal will have a significant effect on the growth of its retail banking business. The Wall Street Journal has reported citing the recording of an internal call, Wells Fargo & Co’s CFO… Read More ›

• Passporting rights are key to EU’s single market bloc – world’s top bankers

  By admin1 on October 12, 2016 • ( 0 )

  

  Unless the British government can retain passporting rights for its financial sector, some of the world biggest bankers have warned that the country could see an exodus. The question of whether Theresa May will be able to retain Britain’s financial… Read More ›

• Symantec warns bank of attacks on SWIFT

  By admin1 on October 12, 2016 • ( 0 )

  

  Two hacking groups employing similar tactics have been caught using the same IP addresses by Symantec. The Cyber security company has warned of attacks on SWIFT, the messaging system which is at the heart of the world’s financial system. Computer… Read More ›

• Antitrust regulators in South Korea to put Google’s Android agreement under the loop

  By admin1 on October 11, 2016 • ( 0 )

  

  Google is facing similar issues in Europe as well. Even if it were to win in one country, it could have a cascading effect on its other similar cases. In growing signs of trouble for Google, the head of South… Read More ›