Revenues from searches, which is a key factor, to its core business have slid by 17%. Potential bidders are likely to bid lower than Yahoo’s actual worth. In a significant development for Yahoo Inc., its latest quarterly results have fallen… Read More ›
HR & Organization
NY, Massachusetts and Maryland plan on suing VW
Despite having reached a partial settlement earlier last month, of which these three states were a part, they have again filed fresh lawsuits. Despite of having announced settlements plans with embattled auto manufacturer in June, three U.S. states plan on… Read More ›
Softbank set to acquire ARM Holdgins PLC for $32 billion
If the deal goes through, it will mean Softbank paying a premium of more than 40% over Friday’s closing rate of the pound at 11.89. Softbank will pay 17 pounds in cash for each ARM Holdings’ shares. According to a… Read More ›
Xerox rejects RR Donnelley’s bid
This only provides room for more potential bidders. According to the Wall Street Journal, Xerox Corps has rejected RR Donnelley & Sons Co’s bid to merge its document business with their financial printing. Ever since Xerox announced its plans to… Read More ›
Samsung strategically invests in BYD
The quantum of investment has yet to be known. The deal could boost the revenues of its affiliate Samsung SDI. Samsung Electronics, the South Korean electronics giant has disclosed that it has agreed to acquire a stake in BYD, a… Read More ›
2nd U.S. Circuit Court of Appeals in Manhattan passes landmark ruling favouring Microsoft
The ruling provides further clarity into the scope of the Stored Communication Act, 1986 based on which search and seizure warrants are issued in the U.S. In a ruling that could set a major precedent, a federal appeals court has… Read More ›
GM’s liabilities could snowball from an onslaught of lawsuits
The ruling by the 2nd U.S. Circuit Court of Appeals is likely to open the gates to more lawsuits arising out of its faulty ignition switch. A federal appeals court has ruled in General Motor’s case that its filing of… Read More ›
Tesla allows market forces to determine buyback value
Its guaranteed buyback program has come to an end. Tesla Motors Inc has disclosed that it has ended its program that guaranteed the resale value of its cars. This move comes in the wake of Tesla lowering the price of… Read More ›
LG Innotek to build camera module in Vietnam
LG Innotek is distinct from LG Electronics. LG Innotek Co has said it is considering building a camera modules plant in Vietnam, without going into any further details. The Economic Daily, a South Korean newspaper, has reported citing anonymous sources… Read More ›
Strata Manufacturing wins two contracts worth $1billion
The company is owned by an investment firm from Abu Dhabi. At the Farnborough Airshow, Strata Manufacturing has disclosed that it has won two contracts from Airbus whose combined value is more than $1 billion. Strata Manufacturer is a components… Read More ›