The City regulator had brought in charges of misreporting millions of transactions over a decade against US bank Goldman Sachs and following which the investment bank has been fined £34.4 million. The Financial Conduct Authority of the United Kingdom has severely criticised the US investment bank for “serious and prolonged failures” of disclosure related issues…
The US stock market enjoyed the success of the much awaited IPO from Lyft, the first of the startup unicorns to go public for the first time. The market is expecting a slew of similar tech stocks to hit the market where in each of the companies that are still privately held and backed by…
While investing money in technology development for self-driving vehicles, Google parent company Alphabet is making loads of money from in the transportation industry currently. After the US ride hailing company Lyft went public at the stock exchange on Friday, the value of its investment in the company has been doubled by CapitalG, which is the…
A drop in the prices in the global market for memory chips and a slowdown in demand for display panels has forced South Korean tech giant Samsung to announce a surprising profit warning. This announcement by one of the largest tech firms of the world also indicates the tough times that technology companies are facing…
Following the much talked about Paris global environmental summit, there has been a growing awareness about the harmful effects of plastic. There are also concerns among regulators, government, people and even among some companies about the threat posed to the environment form single use plastics that such as soft drink bottles which simply get dumped…
According to analysts, one of the factors for the success of Lyft’s initial public offering (IPO) at the stock exchange has been the “nice guy” image of the company compared to its bigger rivals Uber. The company has always attempt to portray itself as a company that cares more for its drivers, riders and the…
Lyft’s IPO, has set the stage for its much bigger rival, Uber Technologies, whose IPO is slated for launch in April 2019. In a significant development, Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup. Lyft raised more money than it had set off to since…
Monsanto has been held liable for the causing of cancer in a California man by a US federal jury which has ordered the company to cough up $80m in damages. The ruling was passed by the court on Wednesday in which the company was held responsible for development of cancer and risks of cancer development…
Sony Corp has already announced that it wants to turn its loss making mobile handset business into a profit making venture from next year. In that process and with eth aim of cutting down on costs of operations and save money, the Japanese company tech giant has decided to close down its factory in Beijing…
The development underscores a growing trend of consolidation among communications, automakers and technology companies as they grapple with the massive investment and software expertise required to develop new services for which demand has yet to be tested. On Thursday, Japan’s Honda Motor Co and truckmaker Hino Motors Ltd stated they join a joint venture of…
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