According to reports, US officials held raids on three Caterpillar Inc.(NYSE:CAT) sites as part of a criminal investigation into tax wrongdoings at the heavy machinery maker. Following the news Caterpillar Inc.(NYSE:CAT) stocks plunged to close…
Valeant Pharmaceuticals Intl (NYSE:VRX)'s revenue slipped in the fourth quarter amid dropping drug prices
March 1, 2017
The Canadian drug giant Valeant Pharmaceuticals Intl Inc. (NYSE:VRX) announced results of its fiscal fourth quarter as its revenue plunged 13% during the period, affected by the performance of the stomach-drug business it attempted to…
Nokia 3310 set to shake the market again with the revamped model
February 28, 2017
Iconic Nokia’s 3310 phone is set to be re-launched almost 17 years after it was revealed for the first time. Nokia 3310 was arguably the most popular and hardwearing handset of its time. according to…
According to latest reports, Uber International is facing legal action for stealing business secrets and technology from internet giant Alphabet Inc (NASDAQ:GOOG). Alphabet Inc. (NASDAQ:GOOG) setup Waymo, is set to take legal action against Otto,…
Yahoo! Inc. (NASDAQ:YHOO) finally sanctioned cut-price to close Verizon Communications Inc. (NYSE:VZ) deal
February 22, 2017
According to reports on Tuesday, US telecoms giant Verizon Communications Inc. (NYSE:VZ) has closed an agreement with Internet giant Yahoo! Inc. (NASDAQ:YHOO) to take-over the company’s core internet business for $350 million less than initially…
According to reports US court has ordered social networking giant Facebook Inc. (NASDAQ:FB) and other defendants to pay $500 million after establishing that they illegally used a company’s virtual reality technology. The court said in…
TalkTalk is planning a top management shakeup in May this year
February 1, 2017
Broadband provider TalkTalk’s chief executive Dido Harding is set to leave the firm in May after almost seven years. TalkTalk also said that Baroness Harding will be replaced by current managing director Tristia Harrison. The…
Ant Financial is investing $880 million to acquire Moneygram International (NASDAQ:MGI)
January 30, 2017
According to latest reports, Ant Financial, the digital payments arm of online shopping giant Alibaba Group Holding Ltd. (NYSE:BABA), is set to acquire Moneygram International (NASDAQ:MGI) for $880 million. Reports said that US-based MoneyGram has…
A South Korean government penalties eclipsed much improved operating performance for QUALCOMM, Inc. (NASDAQ:QCOM) in the latest quarter, highlighting fears that the most profitable part of the chip company’s business is threatened from international legal…
Airbus will suffer following restriction due to Brexit
January 25, 2017
Airbus Chief operating officer Tom Williams said in a statement that Washington would be more than happy if Airbus cannot seamlessly move people and products around the European Union. “We are entering a dangerous phase”,…