With China close on heels of the US economy to become the largest in the world, corporate of the two countries are fighting the battle on the ground. In a recent development China’s Alibaba Group is all set to provide tough competition to Amazon Web Services that  entered China in early...

At a time when the company is bogged down by declining sale figures, McDonald’s plan to add McMuffins and pancakes to its breakfast menu. This is seen as one of the efforts of the largest fast food chain of the world to spruce up its bottom line sale and gain competitive advantage. The...

Pearson confirmed their intention to sell the business newspaper Financial Times (FT). This is stated in the official statement of the publishing house. - Pearson confirms that they are in the process of negotiations on the possible sale of the FT Group, although at the moment there is no certainty...

It Would Provide Inroads into the Largest E-Commerce Market in the World Following announcement of the departure of the cofounders of Chinese e-tailer Yihaodian, Wal-Mart is reported to have taken complete control of company. Wal-Mart owned 51 percent of the company shares. Wal-Mart had been...

Anthem is set to acquire Cigna Inc, subject to ironing out of a few details as well as antitrust scrutiny. Anthem, a leading U.S based health insurer, has announced that it is close to finalizing a deal wherein it will acquire Cigna Inc, its peer. The $48 billion deal could be sealed as early as...

  Exploring a different vertical, Sony Corp. announced their intention to enter the global market for unmanned aircrafts – drones. The company has formed a new company named Aerosense in a joint venture with Tokyo startup ZMP Inc.   Tokyo startup ZMP Inc. specializes in autopilot...

Location Visit Optimization or LVO, has been launched by UberMedia. This latest mobile machine-learning system that allows advertisers to optimize mobile ad campaigns to adjust to real-world consumer location visits, has been developed and patented by the company.   Hyper-focused, custom...

In spite of tapping into the Chinese smartphone market, where it performed “spectacularly”, Apple’s performance did not meet analysts’ expectations and it saw share price drop by 7%. With Apple publishing its fourth-quarter results, trading in its shares took a southern turn as results did not meet...

The new executive-vice-president of Sallie Mae has been announced. Sallie Mae, a U.S. financial services corporation that is “publically traded”, broke the news of its new “executive vice president”. The company made an announcement stating that Charles P. Rocha will shortly assume the post of...