Hewlett-Packard Split and Rebranding Brings Job Cuts, Shifts to Offshore Jobs
HP's planned split takes effect on November 1st. Transition of company is said to bring a thousand job cuts across its divisions. Plans of shiting to offshore jobs hinted by HP CEO Meg Whitman.
Jun 07, 2015 10:55 AM EDT
Leading Financial Software Firm SunGard Files for IPO
Sungard Financial Systems IPO could offer a $10B value for the company. It continues to expand as it launches its fourth office in Africa - Nairobi, Kenya.
Samsung is using Alcoa’s aerospace-grade aluminum to build latest Galaxy phones
Samsung Electronics is using high-strength aerospace-grade aluminium supplied by New York-based lightweight metals company Alcoa. Alcoa is supplying its 6013 Power Plate for the manufacturing of Galaxy S6 and S6 edge phones.
Rakuten plans to issue 100 million shares to raise $1.5 billion for debt payment and investment
Rakuten aims to raise $1.5 billion from new shares to be offered in Japan and overseas. The Japanese retail company continues to transform itself to prepare for globalization.
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Orange plans expansion in North Africa while ending ties with Israel to strenghten Middle East relationship
Orange expands to North Africa as a way to enter the Middle East market. The telecomsoperator expresed its desire to end affiliation with Israel's Partner Communications Ltd to give way to Arab pressure.
Jun 07, 2015 6:22 AM EDT
New Delhi rejects license applications of taxi firms Uber, Ola
US-based taxi company Uber and its local rival Ola's licence applications have been rejected by the Delhi government. The licence application of Taxiforsure has also been rejected.
Jun 07, 2015 6:08 AM EDT
Google shareholders dismiss ISS recommendations to withhold vote as all director-candidates got re-elected
Despite ISS warnings, Google sharehoders reelected all eleven board of directors in its annual stockholders meeting held on 3 June. ISS warned investors against voting for John Doerr, Paul Otellini, and Ram Shriram in connection with executive pay awarded to Executive Chairman Eric Schmidt and Chief Business Officer Omid Kordestani.
Jun 07, 2015 5:57 AM EDT
Apple recalls Beats Pill XL speakers over battery fire safety risks
Apple is recalling Beats Pill XL speakers over battery overheating. Apple has announced a refund to owners. The recall does not affect any other Beats or Apple products.
Jun 07, 2015 5:46 AM EDT
Deutsche Bank teams up with Microsoft, HCL, IBM allotting up to $1.11B for upgrades
Deutsche Bank is with Microsoft, HCL and IBM for the next 5 years for tech revamp project. US companies have alloted $316 billion for R&D since November 2014.
Jun 07, 2015 12:02 AM EDT
Alibaba to invest in China Business Network to expand finance services
Alibaba Group Holding has decided to buy stakes worth more than 1 billion yuan ($161 million) in financial media outlet China Business Network (CBN). CBN is part of Shanghai Media Group (SMG).
Jun 06, 2015 11:33 PM EDT
Samsung Galaxy S7 and S7 Edge Concept Images Released;Curved Screen Bezel-less Mobile Design Released
Artist concepts for the Samsung Galaxy S7 and S7 Edge are floating around tech circles and public sites with still a year away from an actual release of the South Korean company smartphones. The concept designs suggest the use of the curved screen design with virtually bezel-less edges.
Jun 06, 2015 11:22 PM EDT
“I have aged 30 years in these last 30 days”: Sheryl Sandberg, Facebook’s COO, mourns husband’s death; Writes a touching, emotional post in Dave’s honor
30 days after her husband Dave’s death, Facebook COO Sheryl Sandberg still mourns his passing. Her grief and loss are such that Sheryl says that she has aged “30 years” during the 30-day mourning period.
Jun 05, 2015 2:23 AM EDT
Paris Climate Summit & UN talks push through in December 2015
Paris Climate Summit will push through as scheduled this year with environmentalist groups hoping that a low-carbon economy program would finally fall into place, as UN talks focus on global warming issues.
Jun 04, 2015 11:19 PM EDT
Google demands studio firms to comply to summons
The search engine company, Google appealed to the New York federal judge to enforce a summon issued against the movie companies. Google accuses studio firms of conspiring with Mississippi AG against it.
Jun 04, 2015 10:39 PM EDT
Accor changes name, steps up digital push to fight online travel agents
In a bid to fight back against online travel agents and to open its own online travel booking services to independent hoteliers, French hotel group Accor will be spending 22 million euros. The hotel has changed its name to AccorHotels.
Jun 04, 2015 10:45 AM EDT
SoundHound Challenges Siri with New Hound Voice Search App and Developer Platform
GroundHound quickly became a top competitor against voice recognition apps such as Siri. Cortana, and Google Voice, with its new hound voice search app and developer platform app.
Jun 04, 2015 9:58 AM EDT
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