Kalanick could do with a vacation. As per a source familiar with the matter at hand, on Sunday Uber Technologies’ board discussed the temporary stepping away of Travis Kalanick, its Chief Executive, as the embattled ride-hailing company considers significant… Read More ›
Wal-Mart will increasingly face the heat from its German rivals, Aldi and Lidl. On Sunday, in a move that will most likely raise the stakes for its U.S. rivals in a price war, German grocery chain Aldi disclosed it would… Read More ›
Zames was the leading contender for replacing Jamie Dimon,61, at the helm of the bank. On Thursday, JPMorgan Chase & Co disclosed Matt Zames, its Chief Operating Officer who was once seen as a successor to Jamie Dimon, its CEO,… Read More ›
The rule had come under attack from corporate trade groups and in contrast was championed by unions. On Thursday, in a major step, the U.S. Labour Department has rescinded a rule that require corporate employers and their lawyers to provide… Read More ›
Much like the June 23 referendum, the British elections could yield some rather unexpected results. With the British elections appearing not to provide a single party a clear majority, investors who had already weathered major risks in Europe and in… Read More ›
The $300 million factory is likely to be completed by 2019. South Korean newspaper, Korea Economic Daily has reported citing anonymous sources, Samsung Electronics Co Ltd plans on investing $300 million in the United States to build an appliances factory…. Read More ›
With this move the e-commerce giant is overhauling the supply chain in its marketplace so as to retain sellers and prevent them from going to rivals such as Ebay and Wal-Mart. On Wednesday, an executive from Amazon.com Inc disclosed that… Read More ›
If the deal goes through, it could potentially be a win-win situation for both companies, given their common target audience. As per sources familiar with the matter at hand, Sirius XM Holdings Inc, a U.S. satellite radio company is looking… Read More ›
She had made significant inroads in reducing abusive litigations by “patent trolls”. On Tuesday, a spokesman from the U.S. Patent and Trademark Office stated that its Director, Michelle Lee, who won lavish praise from tech companies for taking steps to… Read More ›
The latest funding round saw the company’s valuation rise by $1 billion. On Tuesday, Pinterest’s spokeswoman disclosed that the visual search technology company has raised $150 million in its latest funding round from existing investors. Pinterest is now valued at… Read More ›
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