Result Page 256 for Archives

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

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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.

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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.

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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.

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

Panasonic aims $2B revenues from smart phone biz

After its previous unsuccessful efforts in the smart phone business, Panasonic is making a comeback. It's planning to push sales volume by three times in next three years to reach $2-billion revenues target. Panasonic has decided to make India as its base for expanding in Africa, Middle East and South Asian markets.

Sep 29, 2015 2:34 AM EDT

NASA redesigns heat shield for Orion's EM-1 space mission in 2018

NASA is redesigning the Orion heat shield for its EM-1 space mission in 2018. They came up with a new strategy that will save costs and reduce manufacturing time.

Sep 29, 2015 2:26 AM EDT

Profit target for Kobelco down 58% as China's economy slows down

Chinese economy slowdown is adversely impacting Japanese construction and equipment manufacturers. Kobe Steel has reduced profit forecast for its unit Kobelco Construction Machinery by 58 percent. The drop in sales is likely to continue in 2016 year also.

Sep 28, 2015 10:45 PM EDT

Qatar plans $35B investment in US market

Qatar Investment Authority (QIA) has earmarked $35-billion investment for the US market. As part of its global strategy on investments, Qatar is looking to investment opportunities in several sectors in the US economy. Qatar says it planned investment for next five years and this will create jobs for Americans.

Sep 28, 2015 10:35 PM EDT

Caterpillar's part suppliers are feeling the economic slowdown too

J-TEC and Acme Industries are among Caterpillar's biggest parts supplier that have been following Caterpillar footstep and reducing their workforce. Ever since Caterpillar sales went down, the company has pushed back some of its future parts orders causing a lost for these suppliers.

Sep 28, 2015 9:41 PM EDT

Oil traders stockpile at sea amid rising glut

The ever increasing surplus in oil production is boosting more demand for storage facility. The Contango opportunity is driving traders to store more oil on shore storage capacities. Many global oil companies and traders as well are booking tankers for next one year.

Sep 28, 2015 9:25 PM EDT

Gates Foundation sues Petrobras and Auditor for Fraud

The list of Petrobas’ problems just grew larger as The Bill and Melinda Gates Foundation recently joined the plaintiffs who are suing the company over its treachery and corruption.

Sep 28, 2015 8:59 PM EDT

Mark Zuckerberg speaks at UN: Internet access can eradicate extreme poverty

Mark Zuckerberg says connecting the world to the internet will alleviate poverty. Facebook Founder Mark Zuckerberg recently spoke at UN and says there is more that can be done that's why he and Microsoft founder Bill Gates, along with Wikipedia founder Jimmy Wales, and U2 front man Bono rallied to eradicate poverty by bringing internet access all over the world.

Sep 28, 2015 8:41 PM EDT