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 ›
HR & Organization
Hanjin Shipping Asia-U.S. operations to be put up for sale tomorrow
Creditors have lined up to buy the shipper’s assets related to Asia-U.S. operations. A spokesman for the South Korean court overseeing Hanjin Shipping Co’s receivership process has disclosed that the shipper’s Asia-U.S. operations is likely to be put up for… Read More ›
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 ›
Wells Fargo CFO says accounts scandal will not impact its 3 quarters earnings “much”
Wells Fargo executives have stated that the accounting scandal will have a significant effect on the growth of its retail banking business. The Wall Street Journal has reported citing the recording of an internal call, Wells Fargo & Co’s CFO… 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 ›
Symantec warns bank of attacks on SWIFT
Two hacking groups employing similar tactics have been caught using the same IP addresses by Symantec. The Cyber security company has warned of attacks on SWIFT, the messaging system which is at the heart of the world’s financial system. Computer… Read More ›
Antitrust regulators in South Korea to put Google’s Android agreement under the loop
Google is facing similar issues in Europe as well. Even if it were to win in one country, it could have a cascading effect on its other similar cases. In growing signs of trouble for Google, the head of South… 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 ›
Fiat Chrysler and Cummins agree to collaborate in sharing the cost of the recall
The EPA and the California Air Resources Board have demanded a recall of 130,000 pickup trucks. Both manufacturers are sparring over who will bear the cost of the recall. Shedding a new light into the court case involving Fiat Chrysler… Read More ›
Airbus paces its production to 1 a month, plans better efficiency
While the A380 has increased capacity, new entrants have higher fuel efficiency. Once it improves key efficiency metrics, Airbus would be able to better cope with the competition. The head of Airbus’s 380 program has told Le Figaro that it… Read More ›
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