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 ›
Strategy
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 ›
Bill Maris, founder and CEO of Google Ventures set to leave the company tomorrow
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 ›
Samsung Electronics Co. Ltd to acquire California based Dacor Inc.
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 ›
Verizon eyeing fleet management business
With the telecom market being increasingly saturated, telecom companies are looking for other recurring sources of revenues to boost their bottom lines. Analysts opine that Verizon Communications’ recent acquisition of two vehicle tracking firms could lead to and/or spark more… Read More ›
U.S. Federal Judge disallows unionizing of taxi, Uber and Lyft drivers
According to the ruling the timing of the lawsuit was too early since Seattle’s ordinance had yet to take effect. In a significant development in the history of ride sharing companies, a federal judge has dismissed a lawsuit against the… Read More ›
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