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Cost of data breaches rises to an estimated $3.8 million on average according to a recently concluded study

The cost of data breaches now escalate to an estimated $3.8 million on average according to the findings of a recent study.

May 28, 2015 10:30 AM EDT


Walmart Shipping Pass will compete with Amazon Prime; Unlimited Shipping Program aims to get more loyal customer

Walmart free-shipping will compete with Amazon Prime's $99 a year membership fee while Target cuts back its minimum purchase to $25. Which one of these three will customers go for?

May 28, 2015 10:17 AM EDT


Obama won't plead to Supreme Court over executive immigration action; Admin counting on 5th circuit appeal

The Obama’s administration chooses not to bring to the Supreme Court a judge’s recent decision to halt the government’s immigration policies. It will instead wait for the result of its appeal on the 5th circuit.

May 28, 2015 9:39 AM EDT


Supreme Court orders Big Pharma to pay damages for prescription drug disposal in Alameda County

The Supreme Court has ruled that Big Pharma should pay damages for disposing prescription drugs in Alameda County. The top court declined the pharmaceutical industry’s proposal to the County that entails drug makers to cover the cost of discarding unused medicines of consumers.

May 28, 2015 9:23 AM EDT


Novartis robotic pills will transfrom injected medicines into ingestible micro needles

Rani Therapeutics is studying Novartis drugs adminstered through injection and its viability as a robotic pill. This breakthrough offers ingestion of micro needles.

May 28, 2015 9:18 AM EDT


Skype refuses to give customer records for crime probe; Belgian court wants to know if Skype is a telecom company

A Belgian court wants to know if Skype is a telecom company to be able to oblige the latter into helping them in a criminal investigation. Skype refuses to release customer messages & calls used by suspects in a crime.

May 28, 2015 3:21 AM EDT


US Supreme Court ruling in Cisco Systems patent infringement case favored Commil USA

Supreme Court voted 6-2 in favor of Commill USA in a case of patent infringement against Cisco Systems. Judge acknowledge the existence of patent troll issues.

May 27, 2015 1:39 PM EDT


Worldwide smartphone growth to slow down this year, Android to lead market share

The global smartphone growth is expected to slow down this year. Android meanwhile is predicted to lead in terms of market share.

May 27, 2015 1:02 PM EDT


TiVo revenue rises to 7.2% and aims international expansion through Cubiware acquisition

TiVo increased its quarterly revenue to 7.2% due to subscription growth. Cubiware acquisition is expected to bring more positive results for the company.

May 27, 2015 12:28 PM EDT


Samsung announced merger in affiliate companies to strengthen immediate heir’s future control in the organization

Samsung Group is putting a speedy effort to consilidate its key assets to strenghten the future leadership of the company. Cheil and Samsung C&T is the latest merger announcement within the group.

May 27, 2015 11:44 AM EDT


Snapchat IPO plans revealed by CEO and founder during the Recode Code Event; Future Plans involves $15 Billion worth of Mobile Apps

Snapchat has gained over 200 million active users according to recent reports. The company has grown from a mobile app to a media affiliate currently having an estimated value of $15 billion.

May 27, 2015 11:21 AM EDT


Amazon pays $16M tax in Germany despite $11.9B profit; company starts tax honesty in 4 European countries

Amazon has paid $16 million of tax in Germany. This is in reference to the electronic retail company’s profit of $11.9 billion in the said country which they say is low. Amazon has also declared its sales in 4 European countries which would mean they would have to pay more taxes.

May 27, 2015 5:08 AM EDT


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