ComScore to buy Rentrak for $771mn
Data analytics provider ComScore has announced that it would buy Rentrak Corp for $771million in an all stock-deal, which is expected to close in early next year. The combined entity will become a major force in advertisement and television commercials as it sets new standards in measurement system.
Sep 30, 2015 8:57 PM EDT
Volkswagen to fix deceptive engine software in October
Engulfed in an emission scandal, Volkswagen has assured customers that it would refit the vehicles with new enivronment-compliant software in October. The new chief executive has set up a team of experts on action plan and Volkswagen will submit a proposal on technical solutions to regulators and environmental authorities for approval in October.
Ford's 2017 Super Duty trucks lighter but stronger and more modern
Ford has unveiled its new addition of Super Duty trucks built it with sturdier and reinforced aluminum bodies. Aluminum body makes it lighter than its predecessors but is stronger and built to last against damages and dents.
Founder and CEO Ralph Lauren steps down; appoints Stefan Larsson as successor
Founder-designer Ralph Lauren quit the role of the Ralph Lauren Corporation's CEO. He appoints Stefan Larsson for the position. Lauren will still remain as chief creative officer and executive chairman.
Latest News
Yahoo to spin off Alibaba stake even without tax-free guarantee
Yahoo is pushing ahead with its plan to spin off its stake in Alibaba despite lacking a guarantee from the IRS that it would be tax-free. The Web search company has been facing mounting pressure to spin off its Alibaba stake, whose value has almost halved this year.
Sep 30, 2015 5:03 AM EDT
Castro knocks out U.S. trade embargo at UN
For the first time Cuban president, Raul Castro spoke and addressed UN officials to help lift the embargo placed to his country by United States since 1960. He stressed that is the main obstacle for Cuba's progress.
Sep 30, 2015 4:50 AM EDT
Online lender Avant Inc raises $659mn from JPMorgan, PE firms
Online lender Avant Inc has raised $325mn in a latest round of funding from PE firms including JPMorgan & Chase. The start-up will use the mobilized funds to expand globally. It offers loans to customers, who're below price consumers. The interest rate varies from 9% to 36%.
Sep 30, 2015 4:49 AM EDT
Barrick Gold Corp buys back part of outstanding debt
Barrick Gold Corp has taken up a debt reduction program. The world's largest bullion producer is aiming to reduced debt by $3 billion this year and $2 billion in 2015. The drop in gold prices is squeezing the margins of the miner. Moody's has lowered its credit rating.
Sep 30, 2015 4:49 AM EDT
PlayStation is the third most intimate brand for millennials
PlayStation is on the third spot as the most intimate brands for millennials, according to MBLM's Brand Intimacy 2015 Report. It will be published on October 6.
Sep 30, 2015 1:37 AM EDT
Comcast to acquire majority stake in Universal Studios Japan
Comcast Corp. is acquiring a majority stake in Universal Studios Japan Co. for $1.5 billion. This is a milestone for the US cable company, which has been seeking opportunities for global growth, after failing to buy Time Warner Cable Inc. in April.
Sep 29, 2015 6:37 PM EDT
China slaps fine on Microsoft's Chinese JV over Xbox
Microsoft Corporation's Chinese JV has been fined $31,430 over antitrust rules related to Xbox marketing measures. However, Redmond-based IT major escaped from a major penalty as the Chinese government's probe didn't find any major fault on Microsoft pertaining to breaching antitrust rules.
Sep 29, 2015 6:32 PM EDT
Amazon's Kindle Fire HD 10 fails to impress users except for the wide screen
The Amazon's Kindle Fire HD 10 comes with a lower price tag and a wider screen. Although it is considered as good value for money at first glance, however other features provided in the gadget failed to impress new users.
Sep 29, 2015 6:24 PM EDT
Nike, Under Armour top racers on Wall Street
Athletic apparel makers Nike and Under Armour have been doing very well on the Wall Street this year so far. Under Armours' stock rose 50 percent and Nike gained 27 percent of year-to-date (YTD) gains on the Wall Street.
Sep 29, 2015 9:31 AM EDT
Asia shares trade at three weeks low after new data from China was released
China released new data on declining companies profit on late Monday prompt fear among investors causing a significant selling action in early trade. This, together with a sharp drop in the Wall Street on Monday fuels concern among investors.
Sep 29, 2015 9:29 AM EDT
Microsoft strategizes on operating segment-wise results
Microsoft Corporation will announce its financial results based on three operating segment-wise business. These three new headers-based quarter results will be effective from next quarter results scheduled to be announced on 22 October.
Sep 29, 2015 9:27 AM EDT
Energy Transfer Equity to acquire William Cos for $33B
The Dallas-based Energy Transfer Equity is taking over Williams Cos in a $32.6B deal including cash and other options. The deal is expected to make the combined entity one of the global top-five players in the energy sector as Williams Cos' huge 100,000 miles network of pipelines will further strengthen Energy Transfer Equity.
Sep 29, 2015 2:37 AM EDT