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,…
The agreement potentially also includes tweaking game titles for U.S. laptops powered by Qualcomm’s processors which will connect to the internet vide 5G rather than use Wi-Fi. Qualcomm Inc, the largest supplier of mobile phone chips stated, it will collaborate with China’s Tencent Holdings Ltd on projects that could include making Tencent’s video games run…
It would appear that Paige Thompson wanted to get caught: she posted extract of the data that she hacked on GitHub, a publicly available coding platform. In a significant development, Capital One Financial Corp disclosed that a hacker, who has been arrested, had managed to obtain the personal information, including names and addresses, of around…
One of the largest food delivery companies in the world would be created following the merger of Just Eat and its Dutch rival Takeaway.com. the former has agreed in principle to of the combination according to the companies. After the merger, the total value of the two companies together would be about £8.2 billion and…
A potential could be announced as early as next week. According to a report from Bloomberg, Exact Sciences Corp, a cancer diagnostics company, is in advanced negotiations to acquire Genomic Health Inc for around $2.8 billion in order to strengthen its cancer testing unit. The potential deal could be announced as early as next week;…
Complicating the negotiations is the fact that a July 19 deadline that was set by CFIUS has lapsed. Further, the U.S. government has also joined in as a trustee to oversee the sale. In a significant development, according to sources familiar with the matter at hand, following a U.S. national security panel asking Pamplona Capital…
Facebook Inc. will no longer allow any kind of sale and advertising of alcohol and tobacco between users on its two platforms of Facebook and Instagram. “We are updating our regulated goods policy to prohibit the sale of alcohol and tobacco products between private individuals on Facebook and Instagram. Our commerce policies already prohibit the…
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