Music company HMV was sent into administration for the second time in within six years which has put at risk about 2200 jobs. At high court hearing late on Friday evening, insolvency experts from the accountancy firm KPMG as joint administrators were appointed by the company that is a music and film retailer and one…
The Chinese bike-sharing firm Ofo is now having a tough time just to afloat even though not so long ago it was flush with cash and was being termed to be a game-changing tech startup. The dockless bike-sharing concept which had gained tremendous popularity in recent years in China was created by Ofo with the…
Scientists are getting great insights into the forces which help in the development of and the evolution of new species through a research which involved the interbreeding between two species of howler monkeys which was conducted by scientists from University of Michigan (UM) in Mexico. The elements of the study included the scientists making use…
After betting big in the Indian retailing market and spending billions to create a base in the Indian market, retailing giants like Amazon and Walmart are set to face new challenges in the fastest growing emerging market in the world. This is because the two companies are now hit with new rules in India which…
Even though in the past one year, cists of stay has been increased by over 40 per cent of all NHS trusts in the UK, recent documents suggests that hospitals in England are making generating millions of pounds in car parking charges. The price of car parking for patients and visitors have been doubled by…
Phillip Frost, 82, who according to Forbes magazine is worth $1.9 billion, was charged by the SEC, along with other defendants, of defrauding investors and made $27 million in improper gains. He has now settled the SEC charge by paying $5.52 million. Phillip Frost, Florida’s biotechnology billionaire has agreed to settle with the U.S. Securities…
The contract is for developing advanced hardware in support of the F-35 Lightning II aircraft. In a statement the Pentagon stated, Lockheed Martin Corp has been awarded a $712 million U.S. defense contract for the development of advanced hardware for the F-35 Lightning II aircraft.
The strategic move can potentially benefit both Apple and Foxconn as it can significantly diminish the impact of the U.S.-China trade war, as well as take advantage reduced import duties. According to a source familiar with the matter at hand, Apple Inc will begin assembling its high-end iPhones in India through a local unit of…
Despite investing heavily into automated driverless train and trucking solutions to haul ore to its port operations, Rio Tinto Plc stated, it will not be trimming jobs in 2019. On Friday, Australian mining company Rio Tinto Plc stated although it has deployed automated heavy-haul trains to slash costs, it however does not expect to trim…
The NCA is investigating whether a government translator with access to wiretap recordings has tipped-off the target of an insider-trading investigation. As per a report from the Wall Street Journal, the UK National Crime Agency (NCA) is examining allegations that an employee has leaked information to a suspect for money, thus undermining a probe into…
