The after-market sale of “super tuners” which boosted power and performance at the cost of increased pollution was the primary reason why the EPA went after Harley Davidson. The fine is however a slap in the wrist compared to the… Read More ›
HR & Organization
Philippe Dauman and Sumner Redstone agree to settle and avoid a legal battle
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 ›
Uber enter trucking industry with the acquisition of Otto
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 slashes operating costs, reduces CEO pay to $1
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 ›
Lenovo reports a hike of 64% growth in its first quarter profits
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 ›
Tech companies in Silicon Valley are likely to shed employees in 2016
Traditional services are losing ground to emerging cloud computing and mobile telephony related services. This trend is across Silicon Valley. Analysts and recruiters have opined that Cisco Systems’ laying off of 5,500 employees is unlikely to be the last round… Read More ›
Philippe Dauman and Sumner Redstone resume settlement talks
According to a compensation consultant, Dauman’s exit package could be as much as $90 million. According to a source who is familiar with the situation at hand, Phillippe Dauman, Viacom Inc.’s CEO and Sumner Redstone, Viacom’s controlling shareholder have resumed… Read More ›
Eurozone’s banking environment challenging – Deutsche Bank’s retail chief
Given the present conditions, the bank’s top management could once again forego their yearly bonus. According to Deutsche Bank’s retail chief, interest rates in the Eurozone could be hovering around the 1% mark after 3 years. Christian Sewing, Deutsche Bank’s… Read More ›
AIG to sell its mortgage-guarantee unit to Arch Capital Group for $3.4 billion
This strategic move comes in the wake of Icahn’s representative joining AIG’s board. The America International Group Inc. has disclosed that it would divest its mortgage-guarantee unit to Arch Capital Group Ltd for around $3.4 billion. By doing so, AIG,… Read More ›
Judge allows the continuance of “AT&T thanks” program
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 ›
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