It will now have to pay up millions of dollars to investors who opposed the merger, including Carl Icahn. In a ruling that could have a significant impact on Dell, a Delaware judge has ruled that Silver Lake Partners and… Read More ›
Strategy
Are investors starting to leave Alibaba Group Holding Ltd?
Significantly this comes in the wake of the U.S. SEC investigating the sales data of its annual Singles’ Day sale. Softbank Group Corp has said it will sell at least $7.9 billion shares of the Alibaba Group Holding Ltd so… Read More ›
Kellogg and General Mills recall flour over possible E Colli outbreak
Despite no evidence of E. coli in its plants or kitchens, General Mills has recalled its flours out of abundant precautions. Citing an outbreak of E. coli that has already sickened 38 people in the U.S., General Mills has issued… Read More ›
Boeing could win Apache contract from UK’s MoD
As per The Telegraph Boeing is likely to be awarded a contract worth $2.9 billion for supply 50 Apache attack helicopters to the UK. As per a report appearing in the Telegraph, Britain’s Ministry of Defence is all set to… Read More ›
Hackers got a helping hand from an insider
An investigative committee set up by the Bangladesh government has come to the conclusion that it cannot rule out the possibility of an insider leaking out the bank’s internal working to hackers. According to the head of the panel that… Read More ›
Airbus manages A320 costs by better managing its overheads
Production facilities which were earlier used for its A380 aircrafts will now handle its A320 line of aircrafts. According to Tom Williams, Airbus’s Chief Operating Officer for its A320 programme, the company is in the process of cutting costs for… Read More ›
US Military Uses 8-inch Floppy Disks to Coordinate Nuclear Force Operations
A jaw dropping new report reveals that a computer system that coordinates the operational functions of the United State’s nuclear forces is driven by 8-inch floppy disks – whose use started several decades ago and is still being used. According… Read More ›
Alibaba’s accounting methods under scrutiny by the SEC
Although Cainiao’s business is capitally intensive and appears to be controlled by Alibaba it is unclear how much of this capital will be spent by Alibaba as opposed to its delivery partners. U.S regulators have started probing into the accounting… Read More ›
NYDFS probing LendingClub Corp, to include other fintech companies as well
In the wake of rising defaults, NYDFS wants to ensure whether these fintech companies have done their due diligence and are in compliance with the state’s various statutes. LendingClub has also mentioned that it is in talks with the SEC…. Read More ›
Brazilian corporate networks lag behind their peers on Cyber Security
As per a study done by BitSight, a security ratings company, Brazilian companies fare “significantly poorer” in cyber security among companies across major economies. This is a wake-up call before the country becomes a hacker’s nest. According to a study… Read More ›
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