According to the new terms of service that have been introduced by Facebook, it is being estimated that about 1.5 billion members of the social media platform would not be covered by the tough new privacy protections that are slated… Read More ›
Regulations & Legal
Uber Technologies wants VMWare’s Zane Rowe as its CFO
Uber needs to fill the post of the CFO before it launches its IPO in 2019. As per a Bloomberg report, Uber Technologies Inc has selected VMware Inc’s Zane Rowe as its top candidate for the post of chief financial… Read More ›
Procter & Gamble Co acquires Merck KgaA’s consumer health business for $4.21 billion
Where other companies, including Nestle, Stada and Perrigo, failed, P&G succeeded. The purchase will help it expand its portfolio of consumer healthcare capabilities and brands. On Thursday, Procter & Gamble Co and Merck KgaA stated, the former has agreed to… Read More ›
U.S. Commerce Department sets countervailing duties of up to 113% on Chinese common aluminum sheets
These are only the results of the preliminary enquiry, a final determination in the countervailing duty is to be announced on August 30 2018. In a significant development that adds to the growing numbers of reasons behind the Trump Administration’s… Read More ›
Thousands of jobs created as a result of green energy initiatives in Northeast U.S.: Study
Through the green initiatives, 9 U.S. Northeast States are reducing their carbon footprint and creating thousands of jobs in the clean energy market. As per the results of a study that was released on Tuesday, thousands of jobs have been… Read More ›
Elon Musk’s Boring Co raises $112.5 million in funding round
Boring Co is aiming to build underground tunnels for Elon Musk’s Hyperloop Project. Boring Co, Elon Musk’s startup which seeks to build underground tunnels for Musk’s hyperloop transportation project, stated it has raised $112.5 million in equity, 90% of which… Read More ›
Xerox-Fuji Film merger deal faces flak in amended lawsuit
The amended lawsuit has been filed by Darwin Deason, a Xerox shareholder, who along with activist shareholder Carl Icahn have nearly 15% stake in Xerox. As per a report by the Wall Street Journal, a lawsuit has been filed alleging… Read More ›
OECD Suggests Use Of Inheritance Tax For Reducing Wealth Inequality
The leading economic think tank of the Western world – the Organisation for Economic Cooperation and Development (OECD), is of the opinion that wealth inequality could be reduced by various governments with the use of the tax system with specific… Read More ›
Uk-based Playtech acquires 70.6% stake Snaitech for $1.05 billion
In a strategic shift the UK-based gambling company is aiming to relocate the sources of its revenues from regulated markets in the wake of increased headwinds from lawmakers in its home market. On Thursday, Playtech, a British gambling technology company… Read More ›
South Korea to complete due diligence on GM by early May
As per state-funded Korea Development Bank, General Motors is cooperating with its due diligence efforts and more documents more are streaming in. On Thursday, South Korea stated it expects to complete its due diligence on General Motors Co’s local subsidiary… Read More ›
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