GlaxoSmithKline plc (ADR) (NYSE:GSK) could be involved in breaking an anti-bribery law in its Chinese consumer healthcare unit and the probe might raise some legal concerns for the company. GlaxoSmithKline plc (ADR) (NYSE:GSK) faced a U.S. anti-bribery inquiry in 2012, as indicated in its internal documents. Further, even the company did an internal investigation to…
Amazon.com, Inc (AMZN) Cuts Down Fire Phone Price to 99 cents
In one of the most surprising revelations made by Amazon.com, Inc (NASDAQ:AMZN), the giant e-commerce retailer slashed the price of its first Smartphone, Amazon Fire, to 99 cents just two months after its debut. Amazon.com, Inc (NASDAQ:AMZN)’s shares fell 1.87% after the announcement, especially after considering the huge price cut in both 32-GB and 64-GB…
General Electric Company (GE)’s Appliances Division Acquired By Electrolux AB (ADR) (ELUXY) for $3.3 billion
After the initial proposal of Electrolux AB (ADR) (OTCMKTS:ELUXY) to acquire General Electric Company (NYSE:GE)’s appliances division for $2.5 billion, the deal is finally over with a price tag of $3.3 billion. This is the biggest acquisition for Electrolux AB (ADR) (OTCMKTS:ELUXY) and Keith McLoughlin, CEO of Electrolux, said, “The acquisition, which is our largest…
Elon Musk Says Tesla Motors Inc (TSLA) and Toyota Motor Corp (7203) May Work Together in Future
Elon Musk, Chief executive of Tesla Motors Inc (NASDAQ:TSLA), said that Tesla and Toyota Motor Corp (TYO:7203) may work together in future. Elon Musk was talking to the reports in Tokyo and said that the two companies may come together in two to three years for a bigger project. Elon Musk was in Tokyo to…
GlaxoSmithKline plc (ADR) (GSK) Vaccine for Ebola Exhibits Positive Results in Monkey Tests
With Ebola affecting a vast population in West Africa, there is some good news from GlaxoSmithKline plc (ADR) (NYSE:GSK) as it has successfully tested its Ebola Vaccine on Monkeys. The test included monkeys with Ebola infection and after giving the experimental drug, the monkey didn’t develop any signs of the deadly virus. As per the…
Baidu Inc (ADR) (BIDU) Employs Top Microsoft Corporation (MSFT) Executive
In its quest for hiring the best top management team, Baidu Inc (ADR) (NASDAQ:BIDU) hired the most-regarded Microsoft Corporation (NASDAQ:MSFT)’s executive in China, Zhang Yaqin for a new business role. The company is said to improve its portfolio with more acquisitions and investments in innovative technologies. The main reason for hiring Zhang is to offer…
Check Point Software Technologies Ltd. (CHKP)’s Shares Soar Amid Data Breach Incidents at Apple Inc. (AAPL) and JPMorgan Chase & Co. (JPM)
With a string of data breaches threatening the corporate America and user privacy, Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares have soared with an anticipated increasing in its security-service demands. The string of data breach incidents started with JPMorgan Chase & Co. (NYSE:JPM) when the company reported a data breach to the state, as reported…
CenturyLink, Inc. (CTL) Plans to Acquire Rackspace Hosting, Inc. (RAX) to Explore Cloud-Computing Possibilities
CenturyLink, Inc. (NYSE:CTL) is likely to enter the cloud-computing service industry by acquiring Rackspace Hosting, Inc. (NYSE:RAX). Rackspace Hosting, Inc. (NYSE:RAX) has a stock market value of $5.33 billion until last week. The acquisition will help CenturyLink, Inc. (NYSE:CTL) to compete against other web service providers including Amazon.com, Inc. (NASDAQ:AMZN). CenturyLink, Inc. (NYSE:CTL) is not…
Google Inc (GOOGL) Plans Public Hearings Against Right-to-be Forgotten Answers
Google Inc (NASDAQ:GOOGL) is all set to fight back against the European Union’s “right to be forgotten” ruling. Following a ruling from the European Union Court of Justice under which, Google must remove personal information from search results upon requests. In order to oppose against the ruling, Google Inc (NASDAQ:GOOGL) is planning public hearings in…
General Electric Company (GE)’s Oil Business Ready to Beat Industry Growth Rates
General Electric Company (NYSE:GE) is all set to outgrow the industry average with its Oil and Gas business and the company is likely to defeat the industry average for several upcoming years. After 2009, the Oil Division of General Electric Company (NYSE:GE) had a 75% growth in its revenue to $17 billion and the company…