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U.S. Telecom Hack Exposes Major Security Vulnerabilities In Global Telecom Infrastructure 11/22/2024

ECB Sounds Alarm On AI Stock Bubble: A Looming Threat To Financial Stability 11/21/2024

Hyundai IONIQ 9: The Battle For The Electric Three-Row SUV Market 11/21/2024

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Business & Finance

Angry Birds are going to IPO

Rovio Entertainment, creator of one of the most popular mobile games Angry Birds, can enter the stock exchange in the coming weeks. The developer hopes to attract about $ 400 million on the Finnish exchange during the IPO, due to which its market capitalization will amount to $ 2 billion. Nowadays,...

AT&T Thinks Of Selling Its ‘Digital Life’ Unit Of Home Security Under ‘Debt Load’

Waning revenue and the pressure of paying debt sets AT&T on the road to divestiture. The AT&T Inc. is considering to sell its “Digital Life home security business” for paying its debt after the “planned $85.4 billion acquisition of Time Warner Inc”. If the sale takes place, AT&T would move...

To Boost Value, Fiat Weighs Maserati, Parts Spinoffs

In a plan that includes spinning off the upscale Maserati and Alfa Romeo brands as well as its components operations, Fiat Chrysler Automobiles NV is considering various options, if reports in the media are to be believed. With the aim to make Fiat Chrysler more attractive for a potential...

Voice-Shopping Market Via Google Platform To Be Entered By Wal-Mart

A market and technology segment that is currently dominated by Amazon.com Inc will see another big player entering the segment as Wal-Mart Stores Inc teams up with Alphabet Inc's Google to enter this nascent voice-shopping market. And this development would add another front to Wal-Mart's battle...

Interest In Fiat Chrysler Confirmed By China's Great Wall

As investors cheered the potential sale of the storied Jeep brand, FCA shares were up sharply on Monday after a direct overture by Chinese automaker Great Wall Motor Co Ltd to Italian-American automaker Fiat Chrysler Automobiles NV. Whether Great Wall Motor wanted all or part of FCA is...

British Provident Financial collapses by 57%

Shares of Provident Financial Plc showed record fall after reports that the company’s head Peter Crook is resigning. In addition, the British company specializing in risky lending, predicted a loss for the year and refused to pay dividends, reports Bloomberg. Currently, Provident Financial expects...

The US construction industry is suffering from labor shortage

Shortage of labor and subcontractors in the US construction industry has increased over the past year, according to the housing market index of the National Association of Home Builders / Wells Fargo Housing Market. A survey of builders about the shortage of workers in 15 professions was conducted...

Foxconn to receive tax breaks for $ 3 billion in the US

On Thursday, the Wisconsin Legislative Assembly, controlled by the Republicans, voted 59-30 to approve a bill that will pave the way for a $ 3 billion incentive package for the Taiwan LCD company's liquid crystal display factory. This plan should still be approved by a joint financial committee,...

Lenovo receives a net loss for the first time in 6 quarters

The Chinese Lenovo Group, one of the world's largest personal computer manufacturers, recorded a quarterly loss for the first time in six quarters amid continued price increases for memory chips. The net loss of Lenovo Group in the first quarter (April-June) was $ 72 million compared to a net...

Surging Demand For Video-Streaming Targeted By New Nokia 8 Phone

Hoping to cash in on rising consumer demand for high-quality audio and video features, HMD Global, the Finnish start-up looking to reinvigorate the Nokia phone brand, unveiled the Nokia 8 on Wednesday. With Apple's highly anticipated 10th anniversary iPhone also expected next month and...