The increasing rivalry in the video streaming industry is likely to be highlighted in the quarterly earnings reports that are to be filed by Walt Disney Co, CBS and Viacom next week. Analysts also expect some volatility in post the earnings reports in the so-called communication services sector that has performed much better than the…
Google’s rivals would be allowed by its parent company Alphabet to compete for the position of being chosen at the default search engines on new Android devices in Europe but against the payment of a price for the measure. For this purpose, Google would auction spots on a “choice screen” which will allow users to…
Following the approval of a key colour ingredient in its plant-based burger by the United States Food and Drug Administration, those products would be brought into the market and grocery stores in September, said Impossible foods on Wednesday, the closest competitor of Beyond Meat’. Impossible’s use of soy leghemoglobin — or heme — has been…
13,000 schools and university accounts have been exposed by the breach. On Thursday, Pearson Plc, a British education company stated, it has notified customers of a massive data breach which resulted in unauthorized access to about 13,000 school and university accounts, mostly confined to the United States. The data breach exposed the first names, last…
China aims to certify the plane as air worthy by the end of 2020 – a target analysts view as highly ambitious given that the flight time of the test planes. On Thursday, in a significant development, China flew the fourth prototype of its home-built C919 narrowbody passenger plane which completed its first test flight.…
The investigations being conducted into the emissions cheating scandal of Volkswagen (VW) by German authorities have now charged the former chief of one of the brands of the group – Audi, with allegations of fraud. The German investigators have also brought in charges of false certification and criminal advertising practices against the former Audi boss…
While the sale of iPhones of Apple dropped to less than half of the total quarterly revenues of the company for the first time in over seven years, the phenomenon was justified by the company CEO Tim Cook by saying that this change highlights the success of the changed strategy of the company to diversify…
A lawsuit, seeking class-action status, has been filed in a federal court in Washington, D.C. Following a cyber breach at Capital One Financial Corp, the bank stated it is now facing a potential class-action lawsuit. A lawsuit, filed by Kevin Zosiak, is seeking class-action status was filed in the federal court in Washington, D.C. Zosiak,…
After the emergence of the news that the United States based alternative meat company Beyond Meat would be launching a secondary offering of 3.25 million shares just three months after it had launched its IPO in May, shares of the company which had risen by more than 750 per cent since its launch, fell sharply.…
The increased beer sale in the first half of the year was offset by higher than normal packaging costs which potentially resulted in Heineken NV announcing missing market estimates in the period. However the profit growth forecast for the entire year of 2019 was not altered by the second-largest brewer of the world. In 2019,…
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