The reduction of its global workforce is significant since it is aimed at streamlining its strategic priorities with the structural changes taking place in its business. A regulatory filing by Snap Inc discloses that it has cut 7% of its global workforce in March.   The disclosure further...

In 2012, the Mega Millions recorded its highest ever figure of $656 million. On Saturday, for the fourth time in the history of the Mega Millions lottery, the jackpot amount climbed to $521 million.   No winner has been announced so far.   On Friday night, the winning numbers that...

Airbnb Inc and Oracle Corp’s past lobbyists to replace Amazon’s Washington “lobbying firms”. As per Bloomberg’s report, Amazon.com Inc ends its ties with “Akin Gump Strauss Hauer & Feld LLP and Squire Patton Boggs”. About a week before President Trump took to tweet to accuse Amazon for not...

HSBC agrees to pay for avoiding risks, distractions and expense and not for any wrongdoing. HSBC Holdings Plc becomes the “fourth major bank” which has agreed to settle down on accusations made by “private U.S. litigation” on conspiracy of manipulating “the Libor benchmark interest rate” through...

Investors do not worry with the deadline miss of Toshiba, as they suggest other alternatives which they consider to be more valuable. Toshiba Corp reported that the company will not be making it by the deadline of March end to meet the “$18 billion deal” on selling its “prized chip”. The reason...

Since the beginning of the year, the amount of mergers and acquisitions (M&A) has reached a record $ 1.2 trillion, and about half of this amount is accounted for mega deals (worth more than $ 5 billion). Among the reasons for record activity are economic growth, cheap credit and tax reform in the...

A new analytical report proves fallacy of the established opinion about unprofitability of investments in the field of renewable energy. The revenue of companies engaged in this industry was almost twice as high for 1.5 years of work as that of firms working with fossil fuels. Such figures are...

There was a drop of almost 5 per cent in the shares of largest e-retailer of the world Amamzon.com following the tendering of a list of complaints against the company by U.S. President Donald Trump on Thursday. It was just a day ago that there was news article published in the news website Axios...

Buyers “may be asked to repay subsidies they have already received” for Tesla Model S. With the end of the dispute between Tesla and a “government agency”, the buyers of the former could now once again “apply for subsidies”. The dispute involved the Model S of Tesla which was disputed for being...