Ericsson gets patent income from Apple’s iPhone sales profit
Ericsson has signed patent agreement with Apple over the wireless technology used in iPhones and iPads. The deal meant Apple would make one time payment and ongoing patent royalties payment to Ericsson.
Dec 22, 2015 9:28 PM EST
Turing CEO Martin Shkreli Arrested for Securities Fraud
Martin Shkreli, now a former CEO of Turing Pharmaceuticals was arrested last week for security fraud. Shkreli was known for his notorious hedge fund activities in phamaceutical industry.
Alibaba Hired Top Counterfeit Investigator
Alibaba Holding hired Matthew Bassiur to remove counterfeit product off its site and maintain Alibaba reputation as a global marketplace.
Qihoo Joins Other Chinese Company To Go Private
Qihoo 360 will delist from New York Stock Exchange after a consortium of buyers agreed to pay its American depository share.
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Hillary's tough financial measures shrugged off by Wall Street
Wall Street is not worried about Hillary Clinton's proposal of stringent measures. The Democrat Presidential candidate is facing criticism over the contributions received from the Wall Street. Hillary said the donations from securities and investment segment are less than three percent of the total contributions she received.
Dec 22, 2015 8:23 PM EST
Panasonic to acquire US refrigeration firm Hussmann for $1.5 billion
Japanese electronics maker Panasonic announced it has agreed to buy the U.S. refrigeration firm Hussmann in a $1.54 billion deal. The deal is expected to close in April 2016.
Dec 22, 2015 10:00 AM EST
United Airlines' dog therapy to ease travel stress
In addition to cookies, good coffee and other refreshments, United Airlines is offering an innovative service to its passengers to deal with stress. The airline is keeping trained dogs at seven major airports for its passengers to spend waiting time. Research shows that dogs help people getting out of the stress.
Dec 22, 2015 9:53 AM EST
German labor union Verdi calls out strike for Amazon workers
Amazon German employees have been called out for strike by labor union Verdi. It is the third consecutive year of the strike, aiming to raise pay rates and provision of other benefits. The company's warehouses opened in Poland and Czech Republic provides workers with wages, which is quarter to what earned by German workers.
Dec 22, 2015 9:34 AM EST
Want an Alternative to the Traditional Utility? Look at Tanzania.
The future alternative to the traditional electric utility may emerge first in The East African nation Tanzania. This nation has developed the best system of regulating and spurring off-grid power systems anywhere in the world, according to the annual Climatescope study into energy investment trends in developing nations by Bloomberg New Energy Finance.
Dec 22, 2015 7:55 AM EST
McDonald's Japan Shares Plunge After Report That US Parent Company May Sell Stake
McDonald fell the most in almost five years after a report that says the American fast food chain was looking for investors to offload its stake in the Japanese that's struggling to recover from a series of food scandals. McDonald's Corp., the U.S. parent company, is reportedly looking to gain about 100 billion yen ($825 million) and has asked potential buyers to respond by mid-January.
Dec 22, 2015 7:50 AM EST
Gillette is suing the Dolar Shave Club
Gillette filed a patent lawsuit Thursday against Dollar Shave Club Inc. The company is seeking both damages and an injunction to stop the club from selling razors that violated its copyright.
Dec 22, 2015 7:38 AM EST
Australia Revealed List of 600 Major Corp Paid Little to No Income Tax
Australia's tax office published a list of 1500 companies that made more than $100 million in 2013-14 and about 600 paid little to no income tax.
Dec 22, 2015 7:22 AM EST
Ex-Hedge Fund Manager Shkreli, arrested for jacking up the price of a life saving drug by 5,000%
A 32-year-old former hedge fund manager, Martin Shkreli got arrested for jacking up the price of a life-saving drug by fifty-fold. However, later he was released on bail through $5 million. He is also alleged of punching up a photographer outside a courthouse.
Dec 22, 2015 3:42 AM EST
Dell says could buy back $3 billion in VMware tracking stock
Dell could approve a $3 billion fund to purchase back VMware tracking stock on Monday. On Monday, Dell said the company could approve a $3 billion cheque to purchase back VMware tracking stock to issue to finance its EMC acquisition.
Dec 22, 2015 3:34 AM EST
2015 Cybersecurity market to reach $75B, will continue to grow
The global cybersecurity market continues and is expected to reach $75 billion in 2015. It is anticipated to continue its growth for the next five years to $170 billion by 2020.
Dec 22, 2015 3:33 AM EST
Fake explosive device forces Air France flight to make emergency landing in Kenya
A fake explosive was found on an Air France plane en route from Mauritius to Paris, forcing it to make an emergency landing in Kenya.
Dec 22, 2015 2:00 AM EST
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