U.S. agency moves to shake up government-subsidized telecom program U.S. agency moves to shake up government-subsidized telecom program:- The U.S. Federal Communications Commission plans to reverse an Obama era decision that allowed it to approve companies to offer government-subsidized telecommunications services to low-income families, the agency's Republican head said on […]
Amazon plans layoffs at Quidsi unit after losses Amazon plans layoffs at Quidsi unit after losses:- Amazon.com Inc (AMZN.O) plans to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring, it said in a notice filed with New Jersey on Wednesday. […]
Volkswagen says U.S. approves sale of modified diesel vehicles Volkswagen says U.S. approves sale of modified diesel vehicles:- Volkswagen AG (VOWG_p.DE) said the U.S. Environmental Protection Agency has approved its request to sell up to 67,000 diesel vehicles from the 2015 model year, including about 12,000 currently in dealer inventory […]
Toshiba gets go-ahead for chip unit sale at angry shareholder meeting Toshiba gets go-ahead for chip unit sale at angry shareholder meeting:- Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to […]
Corporate America top shareholder referee gets tougher on activists Corporate America top shareholder referee gets tougher on activists:- Institutional Shareholder Services Inc, the world's top proxy advisory firm, is making activist investors work harder than ever to earn its backing in corporate control battles in a shift being led by the new man […]
Saudi Aramco formally appoints banks to advise on share sale Saudi Aramco formally appoints banks to advise on share sale:- Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters. The […]
Trump's big data consultant to meet Australian government Trump's big data consultant to meet Australian government:- The big data company credited with helping Donald Trump win the U.S. presidency has registered a company in Australia and plans to meet the country's ruling conservative Liberal Party next week, according to documents and a […]
Toyota recalls 2.9 million vehicles globally over airbags Toyota recalls 2.9 million vehicles globally over airbags:- Toyota Motor Corp (7203.T) on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossover due […]
Texas judge kicks Exxon climate lawsuit to New York court A federal judge in Texas on Wednesday kicked an Exxon Mobil Corp lawsuit seeking to thwart two states from pursuing a fraud case over climate change to a Manhattan court, saying his court wasn't the best place to resolve the […]
Samsung launches Galaxy S8 and dreams of recovery from Note 7 Samsung launches Galaxy S8 and dreams of recovery from Note 7:- Samsung Electronics Co Ltd (005930.KS) unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc (AAPL.O) after the embarrassing […]
