california judge approves lyft settlement covering dollar 27million

California Judge approves Lyft Settlement covering $27 Million

Company Pavan Pandey - Mar 17, 2017

According to court filings, Vince Chhabria, a United States District Judge, gave his ultimate authorization to the $27 million settlement against Lyft.

fox purchase bid for sky to be examined

Fox purchase bid for Sky to be examined

Company Mohit Shah - Mar 17, 2017

Karen Bradley informed MPs regarding the investigation of the purchase bid which would be probably conducted by media regulators Ofcom and the CMA (Competition and Markets Authority).

apple found guilty of fixing prices of several iphone models in russia

Apple found guilty of fixing prices of several iPhone models in Russia

Company Mohit Shah - Mar 16, 2017

According to Federal Anti-Monopoly Service (Fas), Apple's local subsidiary informed 16 retailers to sustain the recommended prices of phones belonging to iPhone 5 and iPhone 6 segments.

cathay pacific announces first annual loss in eight years

Cathay Pacific announces first annual loss in eight years

Company Mohit Shah - Mar 15, 2017

On Wednesday, Hong Kong’s Cathay Pacific Airways reported its first annual loss since the 2008 global financial crisis; shares dropped after the official announcement.

toshiba might sell westinghouse nuclear business

Toshiba might sell Westinghouse nuclear business

Company Mohit Shah - Mar 14, 2017

Japanese technology company, Toshiba, missed its second deadline to report earnings; President Satoshi Tsunakawa indicated that the firm might sell its major stakes in the US-based nuclear unit.

vodafone plans to create 2100 customer service jobs in the uk

Vodafone plans to create 2,100 customer service jobs in the UK

Company Mohit Shah - Mar 14, 2017

Telecom operator Vodafone has announced its fresh plan to create 2,100 customer service jobs in the United Kingdom over the next two years.

vista equity partners to acquire canada based dh corp in 36 billion dollar deal

Vista Equity Partners to Acquire Canada-based DH Corp. in $3.6 Billion Deal

Company Pavan Pandey - Mar 14, 2017

Vista Equity Partners, a United States investment firm, stated that it would acquire Canada’s financial technology company, DH Corporation, in a deal valued C$4.8 billion.

wandas 1 billion dollar deal to acquire dcp officially terminated

Wanda’s $1 Billion Deal to Acquire DCP Officially Terminated

Company Pavan Pandey - Mar 11, 2017

The owner of Dick Clark Production (DCP) Inc., Eldridge Industries, confirms that it has dismissed its deal with Wanda Group to sell the American TV production company.

airbnb raises another 1 billion to become second most valued startup

Airbnb raises another $1 billion to become second most valued startup

Company Vinay Mishra - Mar 10, 2017

Airbnb now valued at $31 billion could use this funding to expand operations globally and for further acquisitions and investments.

shell to sell off its canadian oil sands to canadian natural

Shell to sell off its Canadian oil sands to Canadian Natural

Company Vinay Mishra - Mar 09, 2017

The deal's net worth to Shell is $7.25 billion, with this deal Shell completes $20 billion of disinvestment as it works towards its target of $30 billion by late 2018.

radioshack corp files for bankruptcy again

RadioShack Corp. Files for Bankruptcy Again

Company Pavan Pandey - Mar 09, 2017

The US-based electronic retailer, RadioShack Corp., said in a statement, it will close nearly 200 stores and also evaluate options on the remaining 1300 electronics shop.

boeing unveils the new model of 737 max family airliner

Boeing Unveils the New Model of 737 MAX Family Airliner

Company Pavan Pandey - Mar 09, 2017

The newly unveiled Boeing 737 MAX 9 beats its older sibling of MAX family, the smaller MAX 8 which was launched by aerospace manufacturer giant in December 2015.

samsung to create fresh production facilities in the us

Samsung to create fresh production facilities in the U.S.

Company Mohit Shah - Mar 09, 2017

The initial investment is expected to be close to a noticeable amount of $300 million. It is also reported that, Samsung is in talks with five U.S. states, and the fresh decision can generate close to

hpe to purchase data storage provider nimble inc for 1bn dollars

HPE to Purchase Data Storage Provider Nimble Storage Inc. for $1Bn

Company Pavan Pandey - Mar 08, 2017

According to the deal, HPE Co. will pay $12.50 per share in cash for Nimble Storage Inc., which shows a 45 percent premium to Nimble’s closing share price on Monday.

uber to hire a new coo as criticism increases

Uber to hire a new COO, as criticism increases

Company Vinay Mishra - Mar 08, 2017

Uber to hire No. 2 in command, amid allegations of sexual harassment and immoral organizational culture, intense public backlash and disgraceful leadership behavior.

brookfield to acquire sunedisons renewable yieldcos in 141bn dollars

Brookfield to Acquire SunEdison’s Renewable Yieldcos in $1.41Bn

Company Pavan Pandey - Mar 08, 2017

Global leading alternative asset manager, Brookfield Asset Management Inc., stated it would be purchasing one of two yieldcos belonging to solar company SunEdison Inc.

exxonmobil to spend 20 billion dollars on the us gulf coast

ExxonMobil to Spend $20 Billion on the US Gulf Coast

Company Pavan Pandey - Mar 07, 2017

The CEO of ExxonMobil Corp., Mr. Darren Woods stated at CERAWeek that the investment should generate 35000 temporary construction jobs and 12000 permanent Jobs.

allen parker to become wells fargos new general counsel

Allen Parker to become Wells Fargo’s new general counsel

Company Vinay Mishra - Mar 07, 2017

As Wells Fargo tries to restore the lost reputation over the fake account scandal, Allen Parker to succeed in-house veteran, James Strother.

standard life and aberdeen asset management confirm 135bn dollars merger talks

Standard Life and Aberdeen Asset Management Confirm $13.5Bn Merger Talks

Company Pavan Pandey - Mar 06, 2017

Scotland’s two most well-known financial company, Standard Life and Aberdeen Asset Management are in talk to form Britain’s largest investment manager.

deutsche bank announces capital hike by 8 billion euros for major reorganization

Deutsche Bank announces capital hike by 8 billion euros for major reorganization

Company Mohit Shah - Mar 06, 2017

After a supervisory board meeting on Sunday, the decision for a capital hike by €8 billion was issued. The bank said in a statement, the implementation would take place on March 21.

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