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 ›
New artificial intelligence (AI) techniques that make searching the web more like talking to a friend and start-ups are hoping that with this new technology they would be able to challenge Google. Understanding natural language, a thing that has typically… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
There have been a series of hi-profile departures from Alphabet Inc.’s projects. What’s brewing at Alphabet Inc.? Recode has reported citing sources familiar with the matter at hand that Bill Maris, founder and CEO of GV, Alphabet’s venture capital arm,… Read More ›
The move will boost Samsung’s sales of high-end luxury appliances. South Korean electronics giant Samsung Electronics Co Ltd has disclosed that it is interested in acquiring Dacor Inc, a U.S. company that manufactures luxury appliances, so as to boost sales… Read More ›
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