Uber, which only a few months ago was looking shaky as official taxi companies around the world protested and took court action against the company, has well and truly bounced back. The latest company valuations […]
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Samsung Agrees To Pay Apple $548 Million For Stealing iPhone Design
From the dawn of smartphones, the industry has been fiercely competitive – and at the head of the competition is Apple and Samsung. Since 2011, the two companies have battled it out tooth and nail […]
China’s Didi Kuaidi Allies With Lyft, Ola, And Grab Taxi In Mounting Global Competition Against Uber
The top ride-requesting app in China Didi Kuaidi is working hard to triumph over its competitor Uber. The Chinese company announced on Friday that it formed a customer sharing alliance with various ride-hailing companies throughout […]
Large Tax Deductions Help Greedy Corporations Offset Settlement Costs
While U.S. corporations paid $80 billion in out of court settlements to resolve federal charges of wrongdoing, they were able to claim more than half of that amount as tax deductions. This is based on […]
The Fed Caught Leaking Information In Order To “Steer Market Expectations”
A University of California-Berkeley research team led by Professor Annette Vissing-Jorgensen recently discovered some evidence that indicates the United States Federal Reserve regularly leaks information to certain media outlets and investors that in turn leads […]
Tech Startups Learning The Art of Cost-Cutting The Hard Way
Startup companies are starting to realize that their business models of achieving quick growth at all costs might not lead to long term success. In order to gain any respect in the market, a company […]
EU Investigates Sweetheart Tax Deals Between McDonald’s and Luxembourg
Weeks after European Union (EU) regulators ordered Fiat Chrysler and Starbucks Corp. to repay millions of dollars of “unfair” tax subsidies, McDonald’s Corp. now faces an EU investigation into its financial arrangements with the tiny […]
In The Wake Of Overvaluation Hype, Startups Now Pessimistic About Raising Money
A surprising new survey of startup companies found that the vast majority of owners believe that it is going to be harder to conduct fundraising in the next few months. The news comes as many […]
Mark Zuckerberg’s “Philanthropic” Gesture Goes To A For-Profit LLC
The decision by Mark Zuckerberg to give away 99% of his Facebook shares to charity has some interesting details that largely went unnoticed. Zuckerberg took unique measures to make sure that his holdings are used […]
Google Just Announced Its Enormous Clean Energy Purchase
Google has announced that it has signed several massive long term power purchase agreements throughout the world as a way to obtain extremely large amounts of clean energy. This clean energy will be used by […]
Epson’s In-Office Paper System Cuts Out The Middle Man To Recycling
An in-office paper recycling machine has been developed by printer company Epson. The printer giant calls its creation the PaperLab and it works as follows: put waste paper in, and bright new white paper spits […]
6.4M Kids Exposed In Massive VTech Security Hack
Now even children’s toys are being hacked by criminals. Hong Kong toymaker VTech has announced that the data of 6.4 million children has been exposed. Cyber experts are calling the instance the largest ever hack […]
Yahoo’s Slow Decline Could Finally Be In Its Last Days
This could be the beginning of the end for Yahoo, as the company’s board of directors will discuss the possibility of selling its core internet business at a meeting later this week. The news comes […]
Credit Suisse Hasn’t Been This Cautious About Equities Since 2008
Credit Suisse has already downgraded its 2016 forecast for the S&P 500 index. The move comes just a few weeks after the bank unveiled its initial outlook for the index next year. The 2016 global […]
Ryanair Takes Google and Travel Site eDreams To Court For Misleading Customers
Low-cost Irish flier Ryanair has begun court action against internet giant Google and online travel agent eDreams, claiming they mislead customers and did not offer the best deals. Ryanair is alleging Google did not provide […]
New Report Alleges That VW Executives Knew About Emissions Cheat Last Year
As the investigation into the Volkswagen (VW) scandal continues, a news report now claims that the company’s top executives must have known that its cars were not as efficient on fuel as claimed about a […]
Chinese Yuan Gets The Thumbs Up From The IMF
The International Monetary Fund (IMF) has announced that it will be adding the Chinese yuan to its reserve currencies. The decision shows that China has taken major strides in incorporating itself into an economic system […]
Amazon Close To Drone Package Delivery — As Long As The Yard Is Big Enough
If you want to be among the first Amazon customers to have their purchases delivered by a drone, you’ll have to have a lawn big enough to act as a drone landing strip. A new […]
In Order To Bypass The Glass Ceiling, Women Just Need To Be Their Own Bosses
Females startups are generally more successful than those of men in terms of earning power, according to a new study carried out by French lender BNP Paribas. The study – the second annual Global Entrepreneur […]
Blackberry Closes Business In Pakistan To Avoid State’s Email Monitoring
BlackBerry Ltd. is closing shop in Pakistan in order to sidestep allowing authorities to monitor its e-mail messages and business enterprise server (BES). Cellphone providers have been notified that as of the end of this […]
Google Claims It Really, Truly, Honestly Tried To Preempt EU Antitrust Probe
According to Google, the company actually took measures designed to prevent the lengthy antitrust investigation that is currently being conducted by the European Competition Commission. Interestingly, despite the vast amount of power and influence of […]
Xiaomi Entered The Market With A Bang But Might End This Quarter With A Whimper
Things are not looking good for Chinese smartphone company Xiaomi, as market analysts have stated that the company’s $45 billion valuation of last year is unfeasible. It’s a sour turn of events for one of […]
Google’s Nest Wireless Camera Spies On You Even When It Is Turned Off
The Nest Cam home-monitoring device from Nest Labs of Google has been shown to remain running even after users have turned the device off. While the device might appear to be off, it is actually […]
Pfizer Is Taking Its Viagra Tax Dollars From U.S. And Heading To Ireland
With the recent news that major pharmaceutical companies Pfizer and Allergan are going to join forces in one of the largest corporate mergers of all time, the United States is expected to lose out on […]
Coca-Cola’s Chief Science Officer Retires In Wake Of Obesity Scandal
The chief science and health officer for Coca-Cola, Rhona Applebaum, is departing from the company after the beverage maker was scrutinized for its funding of an anti-obesity organization. A statement released by the company said, […]
New CFTC Plan Will Place High Speed Trading Under U.S. Scrutiny
Financial regulators in the United States have recently announced new provisions in order to better monitor the practice of high-speed automated trading that have become popular in recent years. These new provisions will affect as […]
Amazon’s Jeff Bezos Beats Elon Musk With Breakthrough Upright Rocket Landing
Not only is Amazon founder Jeff Bezos’ online retail company’s pre-Black Friday sales sky rocketing, his actual rocket ship has also achieved a major breakthrough by traveling into outer space and then re-entering earth, landing […]
Uber Might Have To Shell Out Millions To Drivers For Gas Compensation
Uber drivers in California want to be better compensated for their work. The drivers are filing a class action lawsuit demanding 57.5 cents for every mile that they log on their trips. A court hearing […]
Disney Confirms It Really Is A Small World By Outsourcing IT Jobs Overseas
At least 23 former IT workers of Disney have filed formal complaints with the federal Equal Employment Opportunity Commission (EEOC) in regards to their jobs being replaced overseas. By filing these complaints, the ex-Disney workers […]
Amazon’s Clever Plan To Make Black Friday Last All Week
For online retail giant Amazon and its customers, Black Friday started two weeks ago. Black Friday, the day after Thanksgiving, is noted as the first “official” day of Christmas shopping in the U.S. Customers of […]