The European Commission has granted Google more time to respond to its antitrust charges. If convicted Google will have to shell out $7.4 billion for each charge of up to 10% of its global turnover. The European Commission has informed… Read More ›
HR & Organization
JPMorgan acquires InvestCloud for an undisclosed sum
Through this move, JPMorgan has chosen to embrace its competitors rather than openly oppose their disruptive business model. With its strong existing network with lower customer costs, it can more effectively fight them while expanding its customer base with newer… Read More ›
Microsoft raises quarterly dividend by 8%, plans $40 billion share buyback program
Although the repurchase program of its shares is not time bound, it is on track to complete the program by December 31. Much to the cheers of shareholders, Microsoft has announced today that it would not only raise its quarterly… Read More ›
Ride-hailing app Grab, grabs $750 million in new funding round
Grab already has a strong presence in the Southeast Asian ride-hailing market. With money from this new funding round in its kitty, the company can better compete with Uber when it sets food in the Southeast Asian market. Grab, a… Read More ›
GE plans on investing $10 billion over the next decade in Argentina
A number of foreign companies, including Siemens and GE, have announced their plans on investing in the Argentinian economy. Yet another foreign company has announced plans to invest in the Argentinian economy ever since President Mauricio Macri took office. According… Read More ›
U.S. Federal Judge rules bitcoins are funds
The case relates to hacking attacks at dozens of companies including JPMorgan which resulted in exposing the personal information of more than 100 million people. In a ruling which recognises the legitimacy of bitcoins as money, a federal judge has… Read More ›
Britain could lose financial might in Brexit’s wake
Passporting rights in the EU give Britain much of its financial clout. Brexit has now cast its long shadow over it. In a statement that could shed further light on the stakes of the on-going negotiations between London and EU,… Read More ›
Hanjin Shipping likely to sell most of its ships – WSJ
Hopes of the company’s revival are dim. The Wall Street Journal has reported citing sources familiar with the matter at hand that Hanjin Shipping Co Ltd is considering a restructuring plan which is likely to see it sell more than… Read More ›
Bild am Sonntag reports suspension of VW’s Audi R&D head
Heads are beginning to roll as VW negotiates its exit from the diesel emission scandal. German newspaper Bild am Sonntag has reported citing sources familiar with the matter at hand, Audi’s head of development will be suspended following the investigation… Read More ›
Apple’s iTunes unit in Japan shells out $118 million in taxes
Tokyo’s Regional Taxation Bureau had detected that the company had underreported its income to the tune of $118 million and had ordered the company to pay its dues. Apple has responded to the order by promptly paying its dues. The… Read More ›
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