While Wolfgang Hatz’s personal premises were searched by prosecutors in Germany, corporate locations were not part of the raid. As per a source familiar with the matter at hand, prosecutors from Munich have arrested a former member of Porsche board… Read More ›
HR & Organization
Amazon.com’s Whole Foods Market reports credit card information of consumers stolen its taprooms and restaurants
Since Whole Foods uses a different point-of-sales system at some of its stores, the data kep in those systems weren’t accessed by hackers. Hackers haven’t been able to touch any of Amazon.com’s data in its computer systems. In a significant… Read More ›
Apple has reported a sharp increase in national security requests coming from the U.S. Government
National security letters (NSL) are a form of subpoena for communications data sent to service providers and are typically accompanied by a gag order. While not requiring a warrant, they imply that the target being surveyed is unaware of their… Read More ›
U.S reactionary imposition of 220% duty on Bombardier has larger geopolitical consequences
Bombardier is a major employer in Northern Ireland, where a handful of legislators is keeping British Prime Minister Theresa May’s minority Conservative government in power. The British government has threatened to cancel 18 Boeing F-18 Super Hornet fighter jets unless… Read More ›
Toyota partners with Mazda Motor Corp to develop electric vehicle technology
The declining costs of battery technology is heating up the race to place electric vehicles on the consumer market by 2020. In efforts aimed at shortening the lead between its rival and itself, Toyota Motor Corp has establishing a new… Read More ›
Probes by the European Union and the U.S. push China to crackdown on violators of intellectual property
China has sought so portray its crackdown on violators of U.S. & European intellectual property as its independent decision. China’s markets are famous for cheap knock offs of well-known European and U.S. brands for a tenth of their asking price…. Read More ›
French industrial giant Alstom SA agrees to merge with German engineering giant Siemens AG
The industrial giants have agreed to stand shoulder to shoulder to withstand the assault of China state-owned railways – CRRC Corp Ltd. In a significant development, French industrial group Alstom SA has agreed to merge its railways business with its… Read More ›
U.S. Commerce Department slaps 220% anti-subsidy duty on Canadian planemaker Bombardier’s Cseries jets
The Canadian airplane maker has termed the U.S. move as absurd and divorced from reality. Following a complaint lodged by Boeing Co, with the Trump Administration, against unfair subsidies received by Canadian airplane maker, Bombardier Inc, on Tuesday, the U.S…. Read More ›
Sonic Corp reports unusual credit card activity at its drive-in outlets
As per KrebsOnSecurity this could be related to the the sale of credit & debit card numbers on the dark web. Sonic Corp, a U.S. fast food chain operator has disclosed that it has detected unusual credit card related activity… Read More ›
Alibaba to consolidate its global logistics network with an infusion of $15 billion
Alibaba is aggressively pushing to streamline and make more efficient its global logistics network. In a move aimed at expanding its footprint in markets overseas, Chinese e-commerce giant, Alibaba Group has announced that it will sink in $15.12 billion (100… Read More ›