Online Publishing: Wired Magazine Will Offer Ad-Free Experience for $3.99 per Month
The offer is part of the company's strategy to gain income amid the increasing use of ad-blocking softwares. Websites had been losing significant advertisement revenues and develop other alternatives to bring ad-free experience while keeping the business going. The offer will start next week for $3.99 per month or $1 weekly.
Feb 10, 2016 08:43 AM EST
US economic woes not due to lower oil prices
The US economy woes are not due to oil price drop, opine economists, who rule out the common view of financial media, government officials and academic that attribute the oil price drop to the American economic woes. The oil price fall will be detrimental to oil producing nations, but it's a boon to the rest of the economy.
Feb 10, 2016 08:38 AM EST
Company Acquisition: Microsoft Acquired Music Player App By The Name "Groove"
Months after rebranding Xbox Music and relaunched it by the name Groove, Microsoft acquired a music player app that goes by the same name. The Montreal-based startup agreed to sell the name and technology to Microsoft, but the details are disclosed by both companies.
Feb 10, 2016 08:13 AM EST
Customers of MF Global Will Receive $1.8 Billion In Liquidation Case
U.S. Bankruptcy Court of the Southern District of New York on Tuesday ended the liquidation proceeding of the MF Global. Judge Martin Glenn ruled to close the estate of the defunct brokerage and repay the customers $1.8 billion .
Feb 10, 2016 08:07 AM EST
Volkswagen's trucks division mulls over IPO, expansion
Volkswagen's heavy truck division is exploring several options for enhancing business growth. The trucks division is studying initial public offer (IPO) plan and acquisition route to achieve higher growth rate. Trucks division is keen on expanding in the US and Chinese markets.
Feb 09, 2016 09:43 AM EST
China Startup: Venture Firm Qiming Received $648 Million in Venture Capital Fund from Princeton University and Duke University
One of China’s biggest venture capital firm, Qiming, secured its fifth US dollar venture capital fund in total of $648 million. The fund will help expand the firm’s investments in Chinese top startups in various sectors such as internet, consumer, technology, healthcare, as well as cleantech.
Feb 09, 2016 09:32 AM EST
Adidas Ends IAAF Sponsorship Over Dopping Scandal
The German sportswear and apparel giant ends sponsorship with the International Association of Athletics Federation (IAAF). Adidas decided to terminate the contract because of continuous doping scandal and corruption.
Jan 25, 2016 08:48 AM EST
AmEx to slash cost by $1bn by 2017
Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.
Jan 25, 2016 08:44 AM EST
Takata to meet major customers to discuss business forecasts
Takata Corp is reportedly planning to meet its major clients in order to discuss its business forecasts. The US transport authorities announced a fresh recall of about 5 million vehicles subsequent to the recent death caused by the Japanese firm's airbag inflators.
Jan 25, 2016 08:28 AM EST
Part of Saudi Aramco’s Shares May Be Offered For International Investors
Aramco is the largest known oil producer in the world with a daily production of 10.25 MMbpd. KSA authority has increased feedstock prices to narrow down its budgetary deficits and also increases daily production rate to cope with the soaring demands. Now it is in efforts for Aramco’s listing for IPOs. If listed, Aramco will be the world’s first corporate entity with asset value of more than $1 trillion.
Jan 25, 2016 08:25 AM EST
Deezer raises $109 million despite cancelling its IPO plan
Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.
Jan 21, 2016 08:08 PM EST
For Chinese Consumers, Oil Prices Halted At $40 Per Barrel Will Not Cut Down The Fuel Prices
The cutting down of the global crude oil in the world has not really influenced the Chinese consumers' retail fuel prices. The price remains the same as long as the price does not touch %40 per barrel.
Jan 21, 2016 07:31 PM EST