There are allegations that Bose Corp violates the privacy rights pf the listeners and user by selling the information without permission, a lawsuit charged and the company spies on its wireless headphone customers by using an app that tracks the music, podcasts and other audio they listen to. An injunction to stop Bose’s “wholesale disregard”…
Bose, with an annual turnover of $3.5 billion, is once again facing a privacy violation issue. As per a complaint filed by Kyle Zak in a federal court in Chicago, Bose Corp has been charged with spying on its customers by using an app that tracks the music, podcasts and other audio they listen to.…
Unlike BlackRock, very few companies in the world have been able to build a successful index fund franchise like its iShares. The world’s biggest asset manager, BlackRock, has reported a double digit profit in its first quarter report of this year with investors ploughing in their money into its index funds. Despite the good news,…
A large number of companies across the globe are in the process of stripping down their data centers and taking advantage of emerging cloud technologies and it is such companies that have helped Amazon Web Services to win business worldwide. However, there is a very different reason for some companies to change from a server based…
Verizon is shoring up its resources and is strategically placing itself to launch 5G services in the next year. Verizon Communications Inc has agreed to buy optic fibre from Corning Inc for at least $1.05 billion over the next three years. The purchase is aimed at improving its network infrastructure, said the No. 1 wireless…
With China’s communist party’s leadership not bringing forth bold policies vis-à-vis electric vehicles has forced Ford to take a more cautious approach to the electric and hybrid-plugin car market in China. Despite a headlong plunge into the plugin-hybrid and electric vehicle markets by carmakers, Ford Motor Co has stated it prefers a more tepid approach…
The development underscores increased competition in the U.S. aircraft manufacturing market. As per source familiar with the matter at hand, Boeing Co has notified its employees that it has planned for another round of involuntary layoffs which will see hundreds of engineers at its commercial airplanes unit leave their jobs. This latest job cut by…
The timing of pushing the House of Cards to the next quarter has played a major rule in its profit outlook for this quarter. Riding on positive signs of its surge to expand its digital footprint, Netflix Inc has made a bullish forecast for subscriber additions by mid-year which has sent its shares shooting to…
Elon Musk’s SpaceX, Richard Branson’s Virgin Galactic and Jeff Bezos’ Blue Origin are among the Western heavyweights that dominate the commercial space industry. But the competition is not deterring players in Asia. Japan’s PD Aerospace and China’s Kuang-Chi Science are among Asia’s homegrown private firms planning to offer spaceflight services to civilians as corporate spending eclipses government activity throughout the…
Suggestions that many consumers are unfazed by last year’s Galaxy Note 7 fires, mobile chief of Samsung Electronics Co Ltd’s said on Thursday that pre-orders for Samsung Electronics Co Ltd’s flagship Galaxy S8 smartphone have exceeded those of its predecessor S7. For a firm recovering from one of the worst product safety failures in tech…
