American could end up paying more for virtually everything they use in their daily lives – from cradles to coffins, if US president Donald Trump goes on to impose the threatened tariffs on $200 billion of Chinese imports, claimed a broad cross-section of U.S. businesses. While the earlier list for tariffs were drawn up carefully…
Growth is being given predominance over profit by Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi just like his predecessor. But because the ride-hailing service has reached a global scale, therefore it is finding it difficult to make growth gains. A second-quarter loss of $891 million was recently reported by Uber. While the loss is…
US retailing giant Walmart reported a 40 per cent increase in its online sales in the last quarter which drove its overall revenues to $128bn for the period. There was jump of 10 per cent in share of the company at the New York stock market. “We’re leveraging stores and e-commerce to make shopping faster…
Goldman Sachs says that Intel is facing a big problem with the issues in technology for manufacturing chips. The repeated delays in graduating itself to the manufacture of next generation chip process technologies resulted in the lowering of the rating for Intel by Goldman to sell from neutral. “We see Intel’s struggles with 10nm process…
In the first ever claims ruling about the Roundup weedkiller of the chemical giant Monsanto causes cancer, the US firm has bene ordered to $289 million in damages to a terminally ill school groundskeeper. The ruling came in favor of Lee Johnson by a San Francisco state court where the jurors discussed the case for…
Despite incurring an impairment charge on its Reebok brand, better than expected second quarter results was reported by German sportswear company Adidas. The company said that it is confident of achieving its full year targets while reporting strong net profit on Thursday. There was a 20 per cent increase in the net profit for the…
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.…
With Uber Technologies facing a potential ban in Britain, Ola could gain the upper hand. On Tuesday, Ola, India’s ride-hailing firm stated it plans on expanding its area of operations to Britain this year following a launch of its services in Australia. In a statement, Ola said, it had obtained licenses to begin operations in…
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