Apple Inc. (NASDAQ:AAPL) is facing investigations from Canadian regulators on allegations that the tech giant is stifling competition through wordings in its terms of agreements with Canadian mobile phone carriers, according to Canada’s Competition Bureau on Thursday. No liability has been found on Apple’s Canadian unit so far, but the bureau filed a request with…
Google Inc (GOOGL) Shutting Spanish News Site Over “Google Tax”
Google Inc (NASDAQ:GOOGL) will be shutting down its Google News service in Spain starting December 16, ahead of a “Google Tax” law that is to take effect in the country starting January 1 next year. A blog post by Richard Gingras, head of Google News, explains that the new Spanish law will require news aggregation…
Ford Motor Company (F) Favors BlackBerry Ltd (BBRY) Over Microsoft Corporation (MSFT) for Sync 3, Ditches MyFord Touch
Ford Motor Company (NYSE:F) is rolling out an all new Sync 3 next fall. With the new in-car connectivity platform performing more like a smartphone, Ford is hoping that consumers concerns with past two versions will be sufficiently addressed and satisfaction ratings will rise. According to Reuters, the most recent version of the interactive touch-screen…
Petroleo Brasileiro Petrobras SA (PBR) Risks Losing International Bond Funding Due to Corruption
Petroleo Brasileiro Petrobras SA (NYSE:PBR), the state controlled oil company of Brazil, is facing the risk of being left out of the capital markets even as the corruption probe currently besetting the company reveals that it is deeply entrenched in a wide corruption scandal. Reuters reports that an early repayment of bonds amounting to $11…
Microsoft Corporation (MSFT) Eyes Windows 10 Release by Autumn
Microsoft Corporation (NASDAQ:MSFT) is aiming to release Windows 10 later than previously expected from a comment made by Microsoft Chief Operating Officer Kevin Turner at the Credit Suisse Technology Conference on Thursday last week. Microsoft has not officially made any public announcement regarding its schedule for rolling out the Windows 10, but Turner told the…
McDonald’s Corporation (MCD) Re-Invents U.S. Menus & Ingredients
McDonald’s Corporation (NYSE:MCD), which has recently been bracing with dismal quarterly position due to sluggish sales performance, is cutting on its U.S. menus and ingredients list. The cut is expected to result in the delivery of faster service and to boost sales. The fast food restaurant will also offer its customers a more personal options…
BP plc (ADR) (BP) Earmarks $1 Billion for Job Cuts
BP plc (ADR) (NYSE:BP) will be cutting thousands of jobs across all of its sectors, in a restructuring program that seeks to make the British oil and gas company more profitable amidst steep declines in oil prices. An amount of $1 billion is earmarked for the restructuring, and the company is also eyeing more cuts…
Wal-Mart Stores, Inc. (WMT) Appoints Veteran as New U.S. COO
Wal-Mart Stores, Inc. (NYSE:WMT) announced the appointment of Judith Mckenna as its new U.S. COO, to succeed Gisel Ruiz, who was appointed to the post of executive vice president of Wal-Mart’s international people division. The appointments, which are effective immediately, is a part of the company’s reshuffling of top management under the tenure of U.S.…
Bank of America Corp (BAC), Citigroup Inc (C) Prepares for Fourth Quarter Decline in Trading Revenue
Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) have predicted a decline in trading revenue for the fourth quarter, as per presentations from the two firms’ CEOs in an investor conference in New York on Tuesday. Bank of America Corp (NYSE:BAC) CEO Brian Moynihan had told investors at the said conference to expect lower…
Boeing Co (BA) Slashing 747-8 Production in Sept 2015 Due to Reduced Demand
Boeing Co (NYSE:BA) announced on Tuesday a “minor change in production rate” that will see its production of the 747-8 jumbo jet slashed from the current 1.5 planes per month to 1.3. The company will implement the cut starting in September of next year. According to Boeing, the cut is a necessary measure in the…