Unlike BlackRock, very few companies in the world have been able to build a successful index fund franchise like its iShares. The world’s biggest asset manager, BlackRock, has reported a double digit profit in its first quarter report of this year with investors ploughing in their money into its index funds. Despite the good news,…
Verizon is shoring up its resources and is strategically placing itself to launch 5G services in the next year. Verizon Communications Inc has agreed to buy optic fibre from Corning Inc for at least $1.05 billion over the next three years. The purchase is aimed at improving its network infrastructure, said the No. 1 wireless…
With China’s communist party’s leadership not bringing forth bold policies vis-à-vis electric vehicles has forced Ford to take a more cautious approach to the electric and hybrid-plugin car market in China. Despite a headlong plunge into the plugin-hybrid and electric vehicle markets by carmakers, Ford Motor Co has stated it prefers a more tepid approach…
The development underscores increased competition in the U.S. aircraft manufacturing market. As per source familiar with the matter at hand, Boeing Co has notified its employees that it has planned for another round of involuntary layoffs which will see hundreds of engineers at its commercial airplanes unit leave their jobs. This latest job cut by…
The timing of pushing the House of Cards to the next quarter has played a major rule in its profit outlook for this quarter. Riding on positive signs of its surge to expand its digital footprint, Netflix Inc has made a bullish forecast for subscriber additions by mid-year which has sent its shares shooting to…
Utah-based Qualtrics is valued at $2.5 billion in its latest funding round. In a funding round, software company Qualtrics, has managed to raise $180 million from venture capital firms and in the process it has given rise to hopes that it will be able to sustain itself so as to launch its IPO. In the…
The allegations and the counter allegations make for a brief interesting read. Qualcomm Inc has hit back hard at Apple Inc’s charges that were made in its January lawsuit, stating that the U.S. company had breached multiple agreements and had encouraged regulatory attacks on its business in various jurisdictions around the world by making false…
Now that there is more clarity on the quality of information gleaned from users, the deal is likely to result in an agreement by summer. In a significant development, Facebook’s European regulator has disclosed that it has reached a deal with the U.S. company which allows for the collection of data from WhatsApp, a messaging…
In recent years, LeEco has grown so fantastically that it faced financial issues. Its founder termed these issues as the “big company disease.” LeEco, a recent Chinese tech company with global ambition whose businesses have ranged from electric vehicles to smartphones, has been forced to abandon its proposed $2 billion acquisition of Vizio, a U.S.…
Although the Kelihos botnet has grown resilient after every strike, in this attempt the DoJ may have stumbled upon on a critical weakness from which it may never recover. The U.S Justice Department has disclosed, it has launched an effort to take down the Kelihos, a global network of infected computers numbering into tens of…
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