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…
Amazon.com, Inc. (AMZN) Entering New Market Segments Amid Black Friday Rush, Introduces New Service To Find Local Service Pros
While all the other major retailers are busy in offering deals for thanksgiving and the holiday season, Amazon.com, Inc. (NASDAQ:AMZN) is discreetly entering the local service industry. The online retailer launched a web page allowing customers to find local handymen with the comfort of their home. The local repair and service business amounts for $400…
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…
Delta Air Lines, Inc. (NYSE:DAL)’s New Break Off Pilot Union Fights Against The Air Line Pilots Association (ALPA)
The breakaway pilot union of Delta Air Lines, Inc. (NYSE:DAL)’s pilots is struggling to gain a solid footing in front of the Air Line Pilots Association (ALPA). The union has not been able to gather enough support within 12-months required period. The Delta Pilots Association (DPA) is struggling to establish itself in front of 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…
Apple Inc. (AAPL) Promotes (RED) Awareness in a Two-Week Campaign
Apple Inc. (NASDAQ:AAPL) is starting its two week global charity campaign to contribute in efforts towards fighting HIV/AIDS. One of the world’s leading tech giants, the iPhone maker is set to raise funds for (RED), a charitable organization for AIDS/HIV prevention founded by singer Bono way back in 2006. In an interview with USA Today,…
Google Inc (GOOGL) Split-up Not the Issue But Monopoly: EU Top Official
Google Inc (NASDAQ:GOOGL)’s opponents in the EU denied suggestions that the search engine is under threat of being split up, saying that while unbundling of the tech company is one of the suggestions that have been submitted in a draft, it is just one of several suggestions made. In an interview with Reuters, European Commission…