International Business Machines Corp. (NYSE:IBM) and ABN Amro has inked an agreement covering terms for a 10-year deal that will see IBM providing computing services to the Dutch bank. Prior to this deal, ABN Amro has laid out its plans last month to switch to cloud infrastructure even as its customers are increasingly relying on…
General Motors Company (GM) Approves Another Death Claim Under Ignition Switch Program
General Motors Company (NYSE:GM) has approved one more death claim under its ignition-switch compensation program, raising to 36 the total number of such claims for this week, up from 35 cases the previous week. The company has established the GM Ignition Compensation Claims Resolution Facility to compensate for injuries or fatalities resulting from accidents due…
General Motors Company (GM) Use Social Media, Online Games, and Cash Gift to Entice Car Owners for Repairs
General Motors Company (NYSE:GM) is finding it difficult to entice car owners to avail of repairs at dealerships after the car maker has issued a series of recall, the latest of which is on account of faulty ignition switches. GM reports that it has readied the materials needed to replace ignition switches of approximately 1.96…
Google Inc (GOOGL)’s Chromebook Preferred by US Schools, Apple Inc (AAPL)’s iPad Left Behind
Google Inc (NASDAQ:GOOGL)’s Chromebook is taking lead as the device of choice for more US schools over Apple Inc. (NASDAQ:AAPL)’s iPad, latest data from IDC says. Data indicates that Google has supplied a total of 715,500 Chromebook laptops to US schools in the third quarter, beating Apple’s iPad, which had filled a lower demand of…
AT&T Inc. (T) To Continue High-Speed Internet Investment
AT&T Inc. (NYSE:T) will be continuing its plan of rolling out high speed internet connection to a targeted number of 2 million homes as per its previous plans, the company said in a clarificatory statement through a letter addressed to the Federal Communications Commission (FCC). AT&T Inc. (NYSE:T) sent the clarification as the FCC have…
Google Inc (GOOGL)’s Europe Headaches Pushed by American Competitors: EU Official
Google Inc (NASDAQ:GOOGL)’s woes in Europe originates not only from European opponents, but from the search giant’s American competitors as well. An earlier report by Reuters cites an unnamed top EU official as saying that American businesses are turning the European Commission into a battleground, turning to the Commission to make complaints and expressing dissatisfaction…
General Electric Company (GE) Finance Unit to Comply with Tougher Fed Standards
General Electric Company (NYSE:GE)’s finance unit (General Electric Capital Corporation) will be required by the U.S. Federal Reserve to comply with a new, more stringent standards on capitalization, as per proposed plans announced by the Fed on Tuesday. The new standard to be imposed on General Electric Capital Corporation (GECC) is designed to ensure stability of…
Twitter Inc (TWTR) In Negotiations to Acquire Shots
Twitter Inc (NYSE:TWTR) has started approaching Shots to negotiate for the acquisition of the app, discloses a CNBC report citing an unnamed source from Shots. Twitter’s plan to purchase the app was accidentally leaked Monday in a tweet by CFO Anthony Noto about a planned deal to acquire an unnamed app. The tweet has since…
Google Inc (GOOGL)’s Case Should Be De-politicized: U.S.
Google Inc (NASDAQ:GOOGL), which has recently been under fire from the European Parliament, has found in ally in the U.S. Mission to the European Union. In an email to Reuters from its headquarters in Brussels, Belgium, the Mission aired its concern over European regulators’ call for splitting search engines from other internet based services. The…
Microsoft Corporation (MSFT) Slapped With $140 Million Fine for Tax Evasion in China
Microsoft Corporation (NASDAQ:MSFT), is set to pay China an amount of approximately $140 million (840 million yuan) covering back taxes plus interest, and the software company was also hit with a requirement to make additional payments of more than $100 million yuan in future annual taxes. In an email to Reuters, an unnamed spokesman for…