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…
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…
In a first of its kind, United States parcel delivering firm UPS has initiated the use of unmanned drones. The company said on Wednesday that it used remote controlled unmanned drones for the supply of medical samples for a North Carolina hospital system. The company said that this measure was a part of its long…
A law suit has been filed by fifty women in a San Francisco court against Salesforce and bringing in allegations that tools were sold by the company to the sex trafficking website Backpage. The women who have filed the case have chosen to remain unidentified and want to be only identified and referred to as…
Expanding its foot print further in the Middle East, global ride hailing company Uber has announced that it is acquiring its Dubai-based rival Careem in a deal that would be worth about $3.1 billion. Established in 2012, Careem is operational in 15 countries across the world and is a strong force player in countries across…
The European Commission has directed all of the members states of the European Union that each of the countries would be required to exchange data on the perceived risks related ot 5G cybersecurity and detail out measure to tackle such risks by the end of the current year. The Commission however chose to disregard calls…
Citing reasons of loss of trust of passengers on the Boeing Co’s 737 MAX 8 jets, Indonesian airlines Garuda Indonesia has informed the United States aircraft manufacturer that it wanted to cancel its earlier order of 49 of the 737 MAX 8 jets. The company has however also informed that it was reconsidering the order…
General Motors Co would indeed build a new Chevrolet electric vehicle in a project that would require investments of at least $300 million and would be undertaken in a suburban Detroit assembly plant, the company has confirmed. The company also added that about 400 new jobs would be created for the project. There has been…
The current economic slowdown in China has prompted most consumers to refrain from upgrading their smartphones which is making it difficult for its retailers to score on sale growth. Despite this, major strides have been made by domestic brands led by Huawei and they have been able to attract and convince customers with offers of…
