There is a fierce price war going on in the United States retail market between the players. However, the German-owned discount supermarket Aldi Inc is taking on the market rivals in a significant push by the company to gain market share in the US market by roiling out dozens of new products, the company announced…
A successful $1 billion seed-funding round for NewTV was raised by its holding company WndrCo, the company announced recently. The company is owned by Jeffrey Katzenberg and Meg Whitman who have been able to convince investors about their ambitions to develop a platform that would be the next generation of the likes of HBO or…
Consumers’ banking data is not being “actively” sought by it, says Facebook. According to a report published in the Wall Street Journal, a number of major banks have been requested by Facebook to provide data about account balances and credit card activity of consumers and Facebook users. The report stated that companies like JPMorgan Chase, Wells Fargo, Citigroup and U.S.…
The pain of the US induced trade war is being felt by a number of companies. Companies is China are the object of the greatest interest in this aspect. Late last week, China issued the threat of imposing new tariffs on 5200 US products in case the US decides to impose the 25 per cent…
Consumers walking into a Starbucks café or order online a coffee could soon be allowed to by paid by bitcoin. The company has recently announced striking of a tie up with Microsoft and Intercontinental Exchange, the owner of the New York Stock Exchange, to draw up a technology to allow its customers to use cryptocurrencies…
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…
A news report initially published in the Wall Street Journal has claimed that a major portion of its digital assets is being planned to be sold by General Electric Co. as a part of its restructuring program. Citing people with knowledge of the matter, the Journal report stated that for the purpose of auctioning off…
According to media reports, talks about the construction of its first ever major European factory is being ongoing between the electric car maker Tesla and authorities in Germany and the Netherlands. A report in The Wall Street Journal claimed that Tesla is planning to set up a new Gigafactory in Europe where both cars and…
Lower pricing and slack demand at the Pampers diapers and Gillette shaving products making units of Procter & Gamble Co drove its fourth quarter performance being hit amidst lower sale. The result disappointed Wal Street analysts who expected higher returns. The changing and evolving consumer habits have put large global consumer goods manufacturing companies in…
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