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 ›
Creativity
With Echo’s AI, Amazon makes a big splash into the music streaming service
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 ›
Virtual Reality Shoppers can Pay by Nodding, Thanks to Alibaba’s New Payment System
Virtual reality shoppers would be able to pay for things in future just by nodding their heads. A payment service that will allow this was unveiled and demonstrated by Alibaba Group Holdings’ finance arm on Wednesday. A part of Alibaba’s… Read More ›
Passporting rights are key to EU’s single market bloc – world’s top bankers
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 ›
Salesforce eyeing Twitter despite opposition from its shareholders
Many analysts have questioned the benefits for Salesforce to buy Twitter since it already licenses its firehose AI platform. According to sources familiar with the matter at hand, despite facing opposition from shareholders, Salesforce.com Inc. is contemplating whether it should… Read More ›
Elon Musk tweets saying Tesla Motors need not raise funds in 4th quarter
Information available in regulatory filling have differed with this tweet. On another note, Musk has also tweeted about an expected unveiling of SolarCity Corp’s solar energy system on October 17. Let’s hope all his surprises are pleasant. Contradicting a regulatory… Read More ›
British economy to grow at just 1% in 2017
Although the depreciation of the Sterling has boosted manufacturing exports, rising manufacturing costs and inflation could eat into those profits. The British economy is going through a rollercoaster ride: although currently it’s moving downwards all depends on its negotiation team’s… Read More ›
Wireless Data Plans for Drones to be Sold by Verizon
A data plan for their drones would soon be available for companies. Working with drone makers to connect the flying vehicles to Verizon’s wireless network would soon be started by Verizon Communications Inc., the company said. The company officials said… Read More ›
GE wins data contract from NY’s power generating electrical system
GE plans on gauging the reliability and efficiency of NYPA’s public electrical system by playing sensors which can intelligently monitor the health of equipment. General Electric has disclosed that it has won a contract from the state of New York’s… Read More ›
Ferrari’s Sold-Out $2.1 Million Aperta Underpins Growth Push
Underscoring the marque’s allure even as the former unit of Fiat Chrysler Automobiles NV widens its line-up with more affordable models, Ferrari NV sold out a $2.1 million open-top version of its LaFerrari supercar before its public debut. Te Paris show… Read More ›