Barclays New Chairman McFarlane Fires CEO Anthony Jenkins due to poor performance and organizational rift
Barclays Chairman McFarlane who joined the company in April announced the canning of CEO Jenkins. The decision was reportedly due to bank's performance under Anthony Jenkins.
Jul 09, 2015 10:20 AM EDT
China Stock Falls Down Over Two Weeks Despite The Series of Emergency Measures To Avoid It From Crashing
For two consecutive weeks, China is still reviving its deteriorated stock market despite a series of attempts for it to survive. Authorities in China are still silent about it.
Euro Suffered from Greece's Turmoil but Continues to Show Stability
Some observers were surprised with the market's reaction to the Greek dilemma. Experts say it could be an expected crisis that investors were already prepared for while others say the worst is yet to come.
Greece Voted 61.5% No to Bailout
Athens celebrated a majority no vote against creditors' bailout offer. Greek banks closed with limited access to cash while Tsipras works on new negotiations.
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Google Confirms Acquisition of Agawi
After a year of nearly unannouced acquisition, Google now confirms buying Agawi, an app/games streaming startup company from Silicon Valley.
Jun 22, 2015 10:02 AM EDT
BigBasket, India’s largest online grocer, expands its on-demand delivery service
India's largest online grocer BigBasket, which is base out of Bengaluru state, is opening new warehouses in five major cities and in smaller towns in a move to expand its logistics network so as to counter the threat from hyperlocal startsups offering speedy deliveries.
Jun 16, 2015 11:11 AM EDT
HTC says won't consider merger with Asustek
Last week, Asustek Computer Inc (Asus) chairman Johnny Shih in an internal company meeting had suggested that it may be a possibility to buy Taiwan-based smartphones and tablets manufacturer, HTC. However, HTC came out with its own statement on Monday, saying it will not consider a merger with Asus and also pointed out that no formal or informal talks had ever taken place in connection with the said acquisition.
Jun 16, 2015 1:25 AM EDT
China’s top taxi app firm is raising $1.5 billion to battle Uber
In a bid to fight off US-based Uber's expansion plan into Chinese markets, Didi Kuaidi, China's largest taxi app company is raising $1.5 billion. This development come only days after a leaked memo from Uber showed that it is raising $1 billion for its expansion plan.
Jun 16, 2015 1:16 AM EDT
Sweden's Starbreeze Invests $1.4M in Mobile Shooter Game Developer Cmune to Bring its Hit Payday Franchise to the Mobile Device Platform
Giant gaming publisher Starbreeze partners up with game shooter specialist Cmune by investing $1.4 million to bring its hit franchise PAYDAY to the mobile device platform.
Jun 15, 2015 2:18 AM EDT
Catalia Health Gets $1.25 Million Seed Funding For Its Healthcare Robot
Catalia Health gained $1.25 million in seed funding from investors such as Khosla Ventures to improve its operations on its robotics that will help treat chronic diseases.
Jun 15, 2015 2:12 AM EDT
Pax Lab Heats Up With $46.7 Million in Series C Funding To Expand and Introduce New Product Lines
Botanical vaporizer manufacturer Pax Labs, recently rounded up funding worth $46.7 million in Series C financing from investors such as Tao Capital, Sand Hill Angels, Fidelity Management & Research Company and Sivia Capital. The funding will be used for international expansion and the manufacturing of new product lines.
Jun 15, 2015 2:04 AM EDT
Foxconn to build Apple iPhone plant in India
In the near future, iPhones as well as iPods and iPads may be manufactured in India. The main manufacturing partner of Apple Inc, Foxconn Technology is said to be in talks with the Indian government in order to build its manufacturing units in western Indian state of Maharashtra.
Jun 13, 2015 12:01 PM EDT
Virgin Group might be buying Spain’s Yoigo; Richard Branson did it again- Best Boss Ever?
Virgin founder Richard Branson is rumored to buy Spain's Yoigo from Swedish company Telia Sonera. However the Swedish firm has not given official statements regarding selling Yoigo.
Jun 13, 2015 11:28 AM EDT
Box raises full-year forecast as more customers sign up for cloud storage
Box Inc ( Box.N), the cloud storage provider raised its full-year forecast. Share value of the company increased by 8.7 per cent in the extended trading on Wednesday.
Jun 13, 2015 9:48 AM EDT
Twitter CEO Dick Costolo leaves, turns over leadership to Jack Dorsey amid shareholders complaints of slow company growth
Twitter CEO Richard Costolo will be stepping down in July amid complaints of slow user and advertising growth. Board Chairman and former CEO Jack Dorsey steps in as interim CEO while a committee searches for a permanent company head.
Jun 13, 2015 9:36 AM EDT
Qualcomm Greater China former president Frank Meng returns amid troubled market; former head Wang Xiang moves to Xiaomi
Former Qualcomm China president Frank Meng is returning to head the company operations of the troubled U.S. chipmaker. Former head Wang Xiang exits to join smartphone maker Xiaomi.
Jun 13, 2015 6:54 AM EDT
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