Shareholders of Cigna Corp voted to allow the company to acquire the pharmacy benefit manager Express Scripts Holding Co for $52 billion. However, the health insurer’s acquisition would still have to go through clearance from antitrust authorities. The voting by the shareholders were completed on anticipated lines following the walking away of activist investor Carl…
Short sellers and investors who have attacked the company have been cited as one of the reasons why Musk launched his take Tesla private bid. In a significant development, Tesla Inc’s CEO Elon Musk has stated, he would listen to shareholder’s concerns and will no longer pursue his $72 billion bid to take the company…
One of the companies that has benefitted form the turmoil that is currently underway at the electric car4 maker Tesla is Apple. According to a report in the new channel CNBC, so far this year, about 46 people have bene recruited by the Silicon Valley technology giant from Tesla. According to the news report which…
According to reports, acronyms that are common in text speak, including “WTF”, have been applied to be trademarked by Proctor & Gamble. If the application is successful then the company would be able to include in its marketing and selling of its products expressions including “LOL” (Laugh Out Loud) and “NBD” (No Big Deal). Application…
Facebook and Twitter accounts that were reportedly linked to Iran and Russia were removed by the social media platforms because those accounts were either “inauthentic” or were engaged in “manipulating” behavior, said the company, According to founder and chief executive Mark Zuckerberg, over 650 Facebook pages and groups had been identified to be “misleading”. On…
It will be interesting to seen how the European Union’s General Data Protection Regulation (GDPR) will impact Chinese companies in the EU. In March 2018, when William Zhang’s car insurance was about to expire he did not have to bother looking for renewal options. Two months before the expiry of the policy, Zhang used to…
The development could be related to the fact that Chinese laws require organizations as well as citizens to support, assist and cooperate with its intelligence network. The United States has also banned Huawei citing national security concerns despite strenuous denials by Huawei. On Thursday, the Australian government stated, it has banned China’s Huawei Technologies Co…
With the aim of preventing any misuse of the social media platform Facebook for triggering discrimination related controversies, the social media company has decided to remove over 5000 categories in its ad section, the company said. These options can be put to use by unscrupulous elements to exclude certain religions and ethnic and minority communities…
Despite pressure om the share price and questions being raised by its long-term business model, expectation beating second-quarter earnings was reported by Chinese electronics giant Xiaomi. Following its initial public offering in July, this is the first occasion that the company has issued its results publicly. The newly public company reported revenues of 45.24 billion yuan…
Consumers are increasingly taking to gaming in their smartphones rather than stick to traditional devices such as consoles and computers. Subscription models and cloud gaming could be the new engines for growth for gaming companies. With the annual Gamescom trade fair opening its doors in the German city of Cologne, the online entertainment and the…
