According to an announcement issued by the United States Justice Department, agreement for the payment of a fine of $2.09 billion has been reached with lender Wells Fargo allegedly because the firm was aware that some of the mortgage loans that it had issued had incorrect income information. According to the US government, this very…
Facebook is planning to come up with a new tool that could help tell the users the exact time that one is spending on the largest social media platform and its associated platform Instagram, even though use4rs might already have some idea of he time spent by them on these two platforms. This new tool…
This is probably an adjustment period for Amazon in Australia, opine analysts since it is not the kind of company that accepts failure. It would have long term goals. Amazon has reported a modest loss in its Australian operations in its latest corporate filings. Its entry into the Australian market in 2017 had made established…
Although its been largely blocked in the United States and Australia, Huawei has reported a surge in shipments to the EMEA region during the first quarter and expects to take the crown of being World No. 1 in sales by the end of 2018. In a significant, Chinese telecom equipment maker Huawei Technologies Co, raised…
Unable to match tariff for tariff hikes with the United States, China is increasing its scrutiny of business dealings of U.S. entities in the country. On Thursday, China’s News Service stated, Apple Inc is collaborating with Chinese telecom companies in order to bring down the levels of spam it receives through its messaging service. The…
While the platform will allow existing customers to monitor and better manage their health so as to avoid, if not prevent, an onslaught of a disease, its preventive measures is also likely to lure in customers who want to better manage their current and future health requirements. On Thursday, global insurer Prudential announced a strategic…
A draft agreement is being circulated among foreign ministers on the area of cybersecurity, the details of which is likely to be published this coming Saturday. Following high-profile hacking attacks in Southeast Asia, nations in the region are hoping to enter into joint agreements on cybersecurity with Russia. The draft agreement, which aims to formalize…
Apple is likely to go on appeal. The federal jury found Apple guilty of patent infringement. As per a court filing by WiLan, a unit of Quarterhill Inc, a federal jury in California has awarded WiLan Inc, a Canadian patent licensing company, $145.1 million in damages against Apple Inc, for patent infringement. The jury in…
Uber technologies’ peer Grab is set to raise $2 billion in its latest funding round, with $1 billion coming from Toyota Motor Corp. On Wednesday, the Wall Street Journal reported citing sources familiar with the matter at hand as saying, ride hailing firm Grab Inc is likely to raise around $2 billion in its latest…
A portion of the investment will be raised in China. On Wednesday, Bloomberg reported citing a source, Tesla Inc plans on investing $5 billion for its new plant in China. Tesla plans on raising funds in China for a portion of the investment, said Bloomberg.
business-gurus.com 