An ambitious expansion plan worth multi-billion euros would form the basis of German car maker Volkswagen to transform itself into the most profitable electric car manufacturer of the world, said Chief Executive of the car maker Herbert Diess. According to the executive, VW will explore possible areas of cooperation with US car maker Ford apart…
In a strategy that is becoming more obvious, Viacom apparently is not targeting to complete with its tech rivals engaged in streaming videos and other content to consumers, but instead develop and provide content software for them. This became evident after Viacom announced that it has entered into a multi-picture deal with Netflix and pledged…
According to a report published by global news agency Reuters citing sources, ABB wants to sell all or part of its power grids business and the Swiss company is in negotiations with two Asian companies for the same – Hitachi Ltd and Mitsubishi Electric Corp. Following the publication of the report, there was an increase…
“Mission: Impossible – Fallout” has propelled Viacom Inc, the owner and operator of channels like MTV, Comedy Central and Nickelodeon, to profits that beat the market estimates and e3xpectations of eh Wall Street in terms of its profit and revenue, announced the company on Friday. There was an uptick of 4 per cent in the…
SAP’s CFO, Luka Mucic stated, the German business software firm will be able to scale up growth and profitability at Qualtrics. On Friday, SAP’s Chief Financial Officer, Luka Mucic stated, the German business software company expects its margins to continue to expand despite its $8 billion acquisition of U.S. online consumer sentiment tracking company Qualtrics.…
As of September 29, 2018, Intel had reported that its share buyback warchest had a balance of $4.7 billion. U.S. chipmaking giant Intel Corp has disclosed, its board has approved a $15 billion increase in its share buyback program. As of September 29, 2018, Intel had reported that it had $4.7 billion remaining under its…
The global crypto currency market again dropped this week triggered by a fall in bitcoin. Since the beginning of the year, there has been a constant drop in the crypto value across various digital currencies. The crypto currency fell to its lowest in over a year and dropped below the critical support level of $6,000.…
It is necessar4y for the US Congress to take action against Facebook Inc. and regulate the social media platform because the company cannot be trusted with self regulation, said Democratic U.S. Representative David Cicilline who is widely anticipated to adorn the post of the next chairman of House Judiciary Committee’s antitrust panel. Putting up a…
While an industry group prefers the adoption of a wifi-based technology for next-gen cars, others, including Intel, Vodafone, Ericsson, Deutsche Telekom, Qualcomm, Samsung, Daimler, Ford, PSA Group, and Huawei are pushing for an alternative 5G standard. BMW, Vodafone and Ericsson have reportedly made a last-ditch effort to persuade the European Commission to open the doors…
Bidding for the on the 28 Ghz and 24 Ghz band in the 5G spectrum has begun in the U.S.. In a significant development, the Federal Communications Commission has launched the first high-band 5G spectrum auction as it works to clear space for next-generation networks. Bidding on the 28 GHz band has begun on Wednesday.…
