The networking giant, Cisco Systems, Inc (NASDAQ:CSCO), is all set to enter into a legal battle with Arista Networks Inc (NYSE:ANET) over copyright issues. The networking company has accused its smaller rival of patent infringement including up to 14 patent violations. The shares of the accused Arista Networks Inc (NYSE:ANET) fell in excess of 8.50%…
Citigroup Inc (C)’s Japan Credit Card Unit Receives Joint Offer With Shinsei Bank Ltd. (8303) As Primary Buyer
Citigroup Inc (NYSE:C) initiated second round of auction for its credit card business in Japan along with its retail unit. The bank has received joint offer from three companies with Shinsei Bank Ltd. (TYO:8303) as the primary investor in the business. The deal is likely to settle between $247.18 million to $411.90 million. The three…
Amazon.com, Inc. (AMZN) Ready To Tap Online Grocery Market Sales With Amazon Elements
In its latest efforts to regain online market share with new services, Amazon.com, Inc. (NASDAQ:AMZN) launched its premium consumer goods service for its loyalty program members. The online retailer is aiming high-end products with a premium price tag and the service is likely to compete against the likes of Procter & Gamble Co (NYSE:PG) and…
Apple Inc. (NASDAQ:AAPL)’s Pay System Get Thumbs Up From Former CEO, Apple Watch Not Impressive Enough
Despite of the outstanding sale expectations for Apple Inc. (NASDAQ:AAPL)’s smartwatch from analysts, its former CEO doubts the success of the product. At the same time, Apple Pay has received thumbs up from the executive calling it a fundamental creative leap for the iPhone maker. John Sculley, former Apple CEO, was all praise for the…
Starbucks Corporation (SBUX) Looking To Expand Its Menu With Eatables And Booze
Starbucks Corporation (NASDAQ:SBUX) is planning new menu to drive its slacking growth rate in the American markets. The coffee chain is planning to add beer, wine, and snacks to its domestic cafes while working over a mobile ordering system. The changing consumer taste and shopping habits have affected majority of coffee chains and fast-food restaurants.…
Bank of America Corp (BAC)’s Waiver Appraised By SEC Member, Calls It “Breakthrough”
The regulatory waiver given to the largest bank of the U.S., Bank of America Corp (NYSE:BAC), has been praised by another Securities and Exchange Commission member who called it a “breakthrough” in commission’s methods to handle waivers. Earlier last month, SEC announced short-term regulatory waiver for the bank allowing it to sell shares in its…
Google Inc (NASDAQ:GOOGL) Pushing Hard To Get Into Workplace Solutions, Introduces Google For Work
With the enterprise software spending likely to touch $344 billion in 2015, Google Inc (NASDAQ:GOOGL) is all set to take on Microsoft Corporation (NASDAQ:MSFT) with its latest Google For Work program. The search engine company is aiming to escalate its cloud office-like services against Office 365 from the Windows-maker. Google has launched Google For Work…
Tesla Motors Inc (NASDAQ:TSLA) Trading At Five-Week Low, Analysts Expect Further Drop Amid Lower Oil Prices
The shares of Tesla Motors Inc (NASDAQ:TSLA) are trading at their five-week low with current per share price of $229.30 and the shares of the electric car maker have declined by over 5% in the last 30 days. Some analysts are opined that low oil prices are driving the downward momentum whereas others consider it…
The Blackstone Group L.P. (NYSE:BX) Ready To Trade IndCor Properties Raking $2 Billion In Profit
The Blackstone Group L.P. (NYSE:BX) is all set to make some profit with the sale of its U.S. industrial platform, IndCor Properties, for $8.1 billion. Singapore’s GIC Pte, Sovereign Wealth Fund, is going to buy the Chicago-based industrial warehouse company. Blackstone group has indulged in several property sales in the past 12 months and the…
Intel Corporation (INTC) Teams Up With Luxottica Group SpA (ADR) (LUX) (Ray Ban) For Wearable Tech Glasses
After being a bit late to the smart device market, Intel Corporation (NASDAQ:INTC) is not willing to risk the potential wearable tech-accessories market. Among its latest partnerships, the chipmaker has collaborated with the luxury eyeglass maker, Luxottica Group SpA (ADR) (NYSE:LUX), to develop high-tech glasses. The latest announcement from the two companies includes a multiyear…