August 26, 2014 7:29 am
According to a person with direct knowledge of the matter, Time Warner Incs Turner Broadcasting cable TV unit intends to offer voluntary buyouts to between 500 and 600 senior employees this week as part of its cost reduction plan. The Turner Broadcasting division currently generates more than half of the companys operating income. The person […]
Read moreAugust 26, 2014 6:53 am
Amazon.com Inc., the worlds second-largest online retailer, announced it has reached an agreement to acquire the leading online video-game broadcasting provider Twitch Interactive Inc. for $980 million. Twitch.tv is the leading video platform for gamers for both live streaming and on-demand videos (VODs), with more than 55 million monthly active users. In February 2014, The […]
Read moreAugust 25, 2014 2:46 pm
VMware Inc. announced plans to expand and improve its “virtualization” software, and to delve into hardware, in a move widely seen as an acknowledgment of threatening freeware competition in its lucrative business. “As a technology, it starts off like what we did for server virtualization,” said Edward Hsu, director of the product marketing division of […]
Read moreAugust 25, 2014 2:08 pm
Boeing Co., the second-largest aerospace and defense contractor in the world, announced it has secured an order for 82 jets worth $8.8bn by list prices from Bank of China Aviation, the Singapore-based aircraft leasing subsidiary of BoC. The order includes 50 single-aisle 737 Max aircraft, and 30 737-800, as well as two 777 wide-body aircraft. […]
Read moreAugust 25, 2014 1:26 pm
Amazon.com Inc. plans to pose a direct challenge to Google Inc., which currently dominates the online advertising market, by developing its own ads placement software. According to people with knowledge of the matter, Amazon is to replace the ads on its pages via a new in-house placement platform. One of the analysts, who works at […]
Read moreAugust 25, 2014 12:22 pm
Apple Inc. admitted in a statement that some of its smartphones sold two years ago were issued with faulty batteries. As a result, the company is launching a replacement program of its iPhone units faulty batteries. Apple Inc. said in a note, which was cited by the Time: “Apple has determined that a very small […]
Read moreAugust 25, 2014 9:34 am
The PlayStation Network of Sony Corp. was back online today after a cyber attack overloaded it, which resulted in taking it down over the weekend. No user details were accessed or stolen, the company said. “The PlayStation Network and Sony Entertainment Network have been impacted by an attempt to overwhelm our network with artificially high […]
Read moreAugust 25, 2014 8:57 am
Burger King, the second-biggest burger chain in the US, made a joint statement with Tim Hortons, Canadas largest fast food service, to reveal that the two companies are negotiating a merger, with the former buying a stake in the latter. “The new company would be the world’s third-largest quick service restaurant company, with approximately $22bn […]
Read moreAugust 25, 2014 7:40 am
Roche Holding AG, the biggest cancer drugs manufacturer in the world, announced an agreement was reached acquire InterMune Inc. for $8.3 billion, as the Swiss pharmaceutical giant seeks to further expand its portfolio. “It’s a perfect fit from a portfolio point of view,” Severin Schwan, CEO of Roche, said. The deal “will allow Roche to […]
Read moreAugust 24, 2014 7:44 am
Vodafone Group Plc, the worlds second-largest telecommunications company, said in a statement on Friday, that it has reached an agreement to acquire 72.7% of Greek broadband company Hellas Online for €72.7 million (~$96.45 million), adding to the 18.5% Vodafone already owned. The London-based telecomm also said it also plans to acquire the rest of the […]
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