A host of factors including shortage of hard currency, vehicle parts and severe recession had earlier stalled Toyota’s manufacturing activity in Venezuela. In a move that bodes well for Toyota and for the Venezuelan economy, Toyota has disclosed that it… Read More ›
The root cause of the crisis started when in efforts to boost Viacom’s bottomline Dauman proposed and pushed for the sale of Paramount Studios, a company which Sumner Redstone acquired after a long battle with media mogul Barry Diller in… Read More ›
Otto’s speciality is in self-driving trucks. Uber Technologies Inc. has disclosed that it has acquired Otto, a startup which specialises in self-driving trucks. It has also formed a $300 million alliance with the Volvo Car Group so as to develop… Read More ›
SolarCity’s CEO and CTO have asked that their annual salaries be slashed to $1 as part of the restructuring process. In order to bring its expenses in line with its reduced installation outlook, SolarCity Corp has disclosed that it would… Read More ›
Denmark may not soon be able to afford offering such a good deal to its people and this is a problem for the country. Marking one of the highest levels in the rich world, Denmark devotes slightly more than 30… Read More ›
New artificial intelligence (AI) techniques that make searching the web more like talking to a friend and start-ups are hoping that with this new technology they would be able to challenge Google. Understanding natural language, a thing that has typically… Read More ›
This is despite a slowing of the PC market. It has also cornered 4.5% of the global smartphone market. Lenovo, the world’s biggest computer manufacturer has reported a rise of 64% in its net profit, beating analysts’ estimate. The surge… Read More ›
With no evidence presented to show that the consumer was confused by AT&T’s thanks program, whereas Citigroup’s own evidence of the “many negative comments” only goes to show that consumers could distinguish from Citigroup’s “thank you” from AT&T’s “AT&T thanks”…. Read More ›
There have been a series of hi-profile departures from Alphabet Inc.’s projects. What’s brewing at Alphabet Inc.? Recode has reported citing sources familiar with the matter at hand that Bill Maris, founder and CEO of GV, Alphabet’s venture capital arm,… Read More ›
The move will boost Samsung’s sales of high-end luxury appliances. South Korean electronics giant Samsung Electronics Co Ltd has disclosed that it is interested in acquiring Dacor Inc, a U.S. company that manufactures luxury appliances, so as to boost sales… Read More ›
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