Apple’s shares have fallen by one-third of their value since 2015. Increased saturation in the smartphone market have led to a fall in sales of iPhones. It is unclear as to who took this decision – Warren Buffet or one… Read More ›
Entrepreneurship
Pros says Elon Musk ‘burns up cash’ for SolarCity, Tesla
Having taken hits recently, two key components of Elon Musk’s empire are under pressure which some analysts believe, won’t see relief in sight anytime soon. Share prices have fallen for Musk’s co-founded companies – SolarCity and Tesla Motors. Despite a… Read More ›
Nissan could have controlling stake over Mitsubishi Motors
Mitsubishi Motors has now disclosed that more models have been affected by its fuel-economy scandal than those which have been previously announced. After anonymous sources leaking out the news that Nissan Motor was considering taking up a controlling stake in… Read More ›
Hyperloop One receives $80 million in funding to develop next gen transportation system
Having demonstrated the propulsion system, Hyperloop One is expected to announce the date, sometime next year, of a competition which will determine the location in which the first hyperloop system will be built. A Los Angeles company called Hyperloop One… Read More ›
Halliburton Baker Hughes merger had raised significant concerns with competition agencies worldwide
As per the EU Commissioner, the EU equivalent of antitrust regulators had worked closely with its peers from U.S., Brazil and Australia. Margrethe Vestager, the EU Commissioner opines that the aborted merger of Halliburton and Baker Hughes is significant, since… Read More ›
Bitcoins are likely to become increasingly popular
With their pricing details published by the International Exchange Group, which owns the NYSE, and the CME group, the choppy waters of bitcoins are likely to be dampened. In a move that could significantly boost the credibility of bitcoins, Intercontinental… Read More ›
U.S. Justice Department requests Daimler to check the emissions of its diesel vehicles
Daimler has hired Deloitte Touche Tohmatsu for this purpose. Yet another car manufacturing company has come under the lens for its diesel engine emission claims. Audit firm, Deloitte Touche Tohmatsu has been hired by Daimler to assist its internal investigation… Read More ›
France’s smart maneuvering landed it a lucrative defense contract
The contract would have originally gone to Japan, but France with her smart quick made the contract her own. In 2014 when the Japanese Prime Minister met his Australian counterpart to make a $40 billion deal for the manufacturing of… Read More ›
His Entire Stocks in Apple Cold by billionaire Investor Carl Icahn
Citing the risk of China’s influence on the stock, Carl Icahn, the the billionaire activist investor who has long been one of the most prominent voices declaring the company to be undervalued says he has sold his entire stake in… Read More ›
Scottish Power awards Siemens to build EU’s largest offshore wind farm
This is in line with the British government’s efforts to incentivise low-carbon power production. In a move that would enthuse green energy backers, Siemens has won a five year contract worth $1.2 billion (833 million pounds) to build and service… Read More ›
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