Investigations against luxury car maker BMW on suspicion of the German company cheating emission norms with the use of a software, led German prosecutors to raid the headquarters of the company. Prosecutors said that a site of the company in Austria and the Munich based headquarters of the company were raided by around 100 police…
There are many companies that are now engaged more and more in a race in the market where that deals with manufacturing of perfect hardware for accelerating applications using artificial intelligence. A new market research report from Tractica claims that significant progress has been made in compute – one of the three key parts of…
According to sources Dropbox Inc’s IPO, set to close on Wednesdsday, has been oversubscribed. As per two sources familiar with the matter at hand, Dropbox Inc’s initial public offering (IPO) has been oversubscribed, indicating a healthy demand for big tech IPOs. Dropbox’s shares expected to start trading on the Nasdaq on Friday. “It is early…
“The reason for suspension is due to non disclosure of inside information,” said Nasdaq Stockholm in a statement. Trading in the shares of Fingerprint Cards (FPC) came to a halt on Tuesday following the issuance of a warning by a brokerage firm to analysts that the Swedish biometric firm faced too high market expectations for…
An indictment has been ordered against the chief executive of a company that manufactured some of the highly-secure smartphones which were allegedly made use of in crimes by some of the most noted criminals of the world. Investigators said that criminal organizations such as the Sinaloa Cartel used the modified Blackberry smartphones that were sold…
It is very likely that the way social media giants, including Facebook, collect and use user data is going to be scrutinized under a microscope. British privacy regulators are now zeroing in on the offices of the political consultancy Cambridge Analytica with a search warrant following reports that the company may have improperly gained access…
Although a similar suit was dismissed earlier in March 2015, Chief Judge Colleen McMahon of the U.S. District Court in Manhattan has allowed the proposed class action lawsuit on the grounds of new evidence coming to light. Chief Judge Colleen McMahon of the U.S. District Court in Manhattan has rejected BlackBerry Ltd’s plea to dismiss…
The move assumes strategic importance since it acts as a vehicle for increasing Alibaba’s global push to boost its marketshare in Singapore’s fast-growing multi-billion dollar e-commerce market. As part of its drive to further expand its presence in new markets, Alibaba Group Holding Ltd is set to invest an additional $2 billion in the Lazada…
While its revenues have jumped by 55% to $2.7 billion (17.38 billion yuan), iQiyi reported a net loss of 3.74 billion yuan. iQiyi Inc, a unit of Chinese search engine firm Baidu Inc, has launched its initial public offering in New York, worth up to $2.4 billion, as it seeks to expand its range of…
In the long term, the development is likely to effects Apple’s suppliers including, Samsung Electronics Co, LG Display Co, Japan Display Inc, Sharp Corp and Synaptics Inc. As per a Bloomberg report, Apple Inc is said to be developing its own MicroLED device displays and has already produced a small numbers of these MicroLED screens…
