Hanjin Shipping’s cargo hangs in the balance as it desperately tries to secure additional funds. According to a spokesman of the Hanjin Group, its chairman has transferred $36 million (40 billion won) to Hanjin Shipping today so as to help… Read More ›
With China’s car market being the biggest in the world, this strategic step by VW could have potentially big payoffs. Undeterred by its troubles, Volkswagen has deepened its collaborations with Chinese internet technology groups in order to increase and expand… Read More ›
Reeling under a $5.5 billion debt, Hanjin’s plight have increased freight rates and are casting long shadows on the coming U.S. holiday season. In a development that bodes well for importers, a ship belonging to bankrupt shipping company, Hanjin Shipping… Read More ›
Amazon’s Echo customers will be charged only $5 for the music streaming service against the industry’s going rate of $10. According to several sources who are knowledgeable of the matter at hand, Amazon.com Inc. and Pandora Media Inc. are planning… Read More ›
Wells Fargo has been accused of pushing financial products on customers which they did not ask for or was required by them. Although Wells Fargo’s ability to sell multiple products to the same customer base is legendary, regulators have now… Read More ›
Apigee’s expertise lies in developing APIs for cloud computing. Analysts opine that the deal could help Google close-in on the competition. In a deal aimed at garnering a greater share of the increasingly lucrative cloud business, Google has disclosed that… Read More ›
Originally a British company, the move reflects a shift in HPE’s strategy, which tries to capitalize on opportunities presented by Brexit while changing its focus from printers and computers to networking, storage and technological services. Hewlett Packard Enterprise Co has… Read More ›
In a strategic move, with the launch of the iPhone 7, Apple plans on consolidating its position in the smartphone market while it forays deeply into the fitness market and grabs market share from existing players such as Fitbit. The… Read More ›
With the Apple Watch Series 2, Apple has narrowed its focus on the wearable fitness market, a huge plus from its earlier fashion offering. However according to analysts, unless it can partner the new watch with a killer app, its… Read More ›
The move will help it improve its liquidity position with customers. Officials from the U.S. Securities and Exchange Commission have stated in a notice that portfolio managers of BlackRock Inc. will be allowed to borrow money from one another in… Read More ›
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