Eyeing a possible future tie-up, Apple has invested $1 billion in Didi Chuxing, a ride-hailing service in China. In a move described by Apple CEO Tim Cook as one that would help the company better understand the Chinese market, Apple… Read More ›
Strategy
Social Media Outcry Sparked by a Report Claiming Bias in Facebook ‘Trending’ Topics
In a report by the technology news site Gizmodo that was published on Monday that sparked widespread comment on social media, it is alleged that workers at Facebook have often omitted conservative political stories from the website’s “trending” list to… Read More ›
Approval of Charter, Time Warner Cable Merger Confirmed by FCC
Charter Communications Inc’s acquisitions of Time Warner Cable Inc and Bright House Networks were approved in a announcement by the U.S. Federal Communications Commission which confirmed the acquisition on Friday. Approval from regulators in California is the last approval that… Read More ›
Wolfgang Hatz leaves Porsche for greener pastures
Wolfgang Hatz has been Porsche’s top engineer in its R&D department. In the wake of the diesel emission scandal, Porsche’s top engineer has left the company for greener pastures, said Porsche, while clarifying that investigations so far have found no… Read More ›
Sprint’s see its losses widen by $554 million
In order to rein in costs Sprint has vowed to cut expenses by $2 billion for 2016-2017. Facing widening losses, and having added fewer subscribers than it initially expected, Sprint Corp has vowed to cut more than $2 billion in… Read More ›
Apple not allowed to dump refurbished iPhones in India
Apple’s strategy of importing refurbished iPhones in order to capitalize on India’s booming smartphone market to offset its flagging sales did not take off. It will now have to find other means to remain competitive. In a move that is… Read More ›
Anonymous launches DDOS against Bank of Greece
In a video message posted on YouTube, Anonymous said, “This marks the start of a 30-day campaign against [Greece’s] central bank sites across the world.” Activist hacking group, Anonymous has begun attacking Greek’s central bank with an official from the… Read More ›
Renault comes under fire for its CEO’s pay package for 2015
Renault’s board has agreed to provide Carlos Ghosn the company’s CEO a pay package of 7.19 million euros despite Renault’s lackluster results. France’s economics minister Emmanuel Macron has commented saying if Renault does not self-moderate its CEO’s pay, the government,… Read More ›
It’s probable that oil prices will stabilize within a year
The U.S. Department of Energy expects global oil prices to balance themselves out in a year’s time. Ernest Moniz, the Energy Secretary of the United States has disclosed that he expects the global supply and demand of oil to rebalance… Read More ›
Johnson & Johnson to pay $55 million in talc powder ovarian cancer trial
The plaintiff had used J&J’s feminine talc powder products such as Baby Powder and Shower to Shower Powder on her genitals for decades. The usage of talc powder for feminine hygiene has been linked to an increased risk of ovarian… Read More ›
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