Apple Music faces antitrust investigations in New York, Connecticut
While Apple Inc was busy unveiling is online music service, Attorneys general of New York and Connnecticut were quietly investigating whether the deals brokered between Apple and music labels had violated antitrust laws.
Jun 12, 2015 10:13 AM EDT
Spotify Raises $526 Million in Face Off with Apple
To counter Apple Inc's new Apple Music subscription service, Spotify, the current leader in the music-streaming business organised a new round of funding from investors on Tuesday. Spotify market value rose to $8.53 billion after collecting $526 million from the latest round of funding from a wide range of global investors
BMW's new 7 Series is the luxury car of the future, here today
German automaker BMW on Wednesday unveiled its latest version of its 7 Series at its global headquarters in Munich. The BMW 7 Series is top of the line luxury sedan and it is a status symbol, especially in European countries.
eBay brings its online marketplace to Apple Watch
Ecommerce giant eBay sees smartwatches becoming an integral part of our everyday lives, which is why its has come out with Apple Watch app that will provide users quick access to its online market.
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Sony aims for more clients, 20 percent sales growth in image sensors
Sony wants to expand its market for image sensors beyond Apple, Samsung and others smartphone brands. Sony is aiming at a 20 percent growth in image sensors.
Jun 10, 2015 11:15 PM EDT
T-Mobile and Dish merger talks not supported by major shareholder Deutsche Telekom
Reported merger talks between T-Mobile US and Dish Satellite Television Network is reportedly not favored by the wireless carrier's major shareholder, Deutsche Telekom. DT's chief Timotheus Höttges has spoken out against a union with Dish and instead pushes for a Sprint merger.
Jun 09, 2015 11:14 PM EDT
Comscore’s says Apple top smartphone OEM, but Android still top platform In U.S.
In the US, Apple Inc is the leading smartphone manufacturer in the OEM market, followed by Samsung, LG, Motorola and HTC, according to a report released by internet analytics firm comScore. The period between January and April of this year shows Apple Inc's OEM market share rose from 41.3 percent to 43.1 percent.
Jun 09, 2015 9:07 AM EDT
Angry Birds maker Rovio partners with toymaker Lego
Finnish video game developer Rovio to partner with Danish toymaker Lego to develop a line of Angry Birds themed construction toys. The company's announcement comes just months after Rovio's 2014 earnings fell by 73 percent due to a sharp dip in licensing the Angry Birds brand on toys, clothing and sweets.
Jun 09, 2015 2:02 AM EDT
Deutsche Bank 2015 investment plans include tech labs in Silicon Valley, Berlin and London
Deutsche Bank hopes to invest in three "fin-tech" companies before the end of the year. Germany's biggest lending firm, Deutsche Bank is aiming to have three tech labs this year with locations in Berlin, London and Silicon Valley.
Jun 08, 2015 10:25 AM EDT
Worldpay set to hire six banks for its £6bn London float
Worldpay, a payment processing company, is set to hire 6 banks to help it seek a £6 billion ($9.22 billion) valuation at the London Stock Exchange listing. The £6 billion ($9.22 billion) valuation could make it the largest initial public offering (IPO) in the UK this year.
Jun 08, 2015 5:12 AM EDT
PicsArt scores $15m from Sequoia and Insight Venture Partners
PicsArt Photo Studio (PicsArt) has raised $15 million in new funding led by Insight Venture Partners and Sequoia Capital. PicsArt has already raised $10 million from Sequoia Capital earlier this year.
Jun 08, 2015 4:53 AM EDT
Leading Financial Software Firm SunGard Files for IPO
Sungard Financial Systems IPO could offer a $10B value for the company. It continues to expand as it launches its fourth office in Africa - Nairobi, Kenya.
Jun 07, 2015 9:51 AM EDT
Rakuten plans to issue 100 million shares to raise $1.5 billion for debt payment and investment
Rakuten aims to raise $1.5 billion from new shares to be offered in Japan and overseas. The Japanese retail company continues to transform itself to prepare for globalization.
Jun 07, 2015 9:02 AM EDT
Orange plans expansion in North Africa while ending ties with Israel to strenghten Middle East relationship
Orange expands to North Africa as a way to enter the Middle East market. The telecomsoperator expresed its desire to end affiliation with Israel's Partner Communications Ltd to give way to Arab pressure.
Jun 07, 2015 6:22 AM EDT
Google shareholders dismiss ISS recommendations to withhold vote as all director-candidates got re-elected
Despite ISS warnings, Google sharehoders reelected all eleven board of directors in its annual stockholders meeting held on 3 June. ISS warned investors against voting for John Doerr, Paul Otellini, and Ram Shriram in connection with executive pay awarded to Executive Chairman Eric Schmidt and Chief Business Officer Omid Kordestani.
Jun 07, 2015 5:57 AM EDT
Deutsche Bank teams up with Microsoft, HCL, IBM allotting up to $1.11B for upgrades
Deutsche Bank is with Microsoft, HCL and IBM for the next 5 years for tech revamp project. US companies have alloted $316 billion for R&D since November 2014.
Jun 07, 2015 12:02 AM EDT
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