Samsung Group’s restructuring plans have run into opposition as Elliot Associates, the US Hedge fund attempts to block the merger of the two important affiliates of the sprawling conglomerate. Last week, construction company Samsung C&T announced that it had agreed with Chiel Industries to be taken over as Lee Jae-yong, […]
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Alibaba’s Latest Move in Fighting Fakes
Chinese e-commerce giant, Alibaba Group Holding Ltd has not just been criticized, but has also encountered legal action from luxury brands such as Gucci and others for facilitating the trade of counterfeit goods. The company has been quietly heading a scheme that would aid in curbing fakes at their source. […]
Salesforce Gets a Boost in Share Price, But $70 Billion Tag Still Seems Impossible
Last week, the company delivered its quarterly report that portrayed decent performance, which gave its market capitalization and share price a hefty boost. The report wronged the rumors that were floating around in past week about the company being scooped up by somebody. However, despite the gossip circulating in the […]
US and EU Close to Data Sharing Deal
According to three individuals who have knowledge of the matter, the United States and the European Union are close to ending negotiations on a deal that will provide protection to the data that’s shared between the two regions for the purposes of law enforcement like terrorism investigations. Negotiations have been […]
Two Retail Veterans Aim at Amazon
There are two ways startups can take a hit at Amazon, the reigning leader of American online shopping. The first is to begin a frontal attack; gather millions of dollars via investors, but a complex delivery structure and warehouses, strike up deals with thousands of merchant companies and through sheer […]
Microsoft Goes with Security for the Enterprise Win
The software giant is betting that the key to prevent its enterprise customers from moving towards rivals is through good security support. At the kickoff of the Ignite Conference held for IT professionals by the company, Microsoft unveiled a variety of advanced security services and also took some jabs at […]
Google Buyout Rumors Boost Twitter’s Stock Price
Twitter benefitted from a rise in its stock price when rumors began circulating that Google was thinking of purchasing the social network. The increase was about 4% and this isn’t the first time this has happened. There were some reports that were revealed, which indicated that Goldman Sachs had been […]
Samsung Profit Decline Slows Down
On Tuesday, Samsung Electronics delivered another piece of evidence that the recent slide in its profit has moderated as the company is preparing for the launch of its next flagship smartphone; the much-awaited Samsung Galaxy S6. According to the consumer electronics giant, in the quarter that ended March 31st, the […]
Apple Buys FoundationDB Amidst Watch Competition
A startup was just purchased by Apple Inc., which is working on creating a lightning fast database. Many have assumed it as a sign that the American technology giant is looking for ways to ensure that its software services such as iMessage are able to work efficiently. The iPhone maker […]
Apple Watch at a Glance
Last fall, when Apple unveiled the Apple Watch, it only showed two demo models of the upcoming device. They were simply polished and prepared prototypes of the hardware while the software had still been running loops. On Monday, the iPhone maker gave experts a closer look at what is going […]