Biz/Tech
Oracle Power Sharing: Formula for Trouble
The recent power sharing arrangement in Oracle could spell disaster for the company. The recent power sharing arrangement in Oracle could spell disaster for the company.
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Multinational Retailer Tesco Cut Profit Forecast Again, Suspend Employees
Multinational grocery and general merchandise retailer Tesco announced it lowered down its profit forecast again for the third time this year.
Rockefellers Sell $50 Billion Fossil Fuel Assets to Switch to Renewable Energy
The Rockefeller family, oil producing giant announced their commitment to divest assets amounting to $50 billion from fossil fuel investments.
SoftBank to Get $4.6 billion from Alibaba listing
Japanese telecommunications giant SoftBank expects to acquire $4.6 billion from Alibaba Group Holding’s share lisiting.
Germany Wants To Buy Cheaper ‘Airbus,’ Impose Stricter Rules on Arms Exportation
Germany demands lower costs and longer cancellation periods on Airbus’ A400M military airlifters. Germany demands lower costs and longer cancellation periods on Airbus' A400M military airlifters.
Volkswagen to Make Luxury Sedan Especially For China
German automobile manufacturer Volkswagen to produce VW-badged luxury cars for designed for China. Volkswagen, largest German automaker, will release a luxury car made especially for the Chinese market, in hopes of earning more money, according to sources.
Twitter Accused of Mismanagement
Peter Thiel, who is one of the early investors of Facebook recently gave a scathing interview. The billionaire targeted microblogging giant Twitter and its management.
General Motors to Recall Vehicles on Parking Brake due to Fire Danger
The famous United States vehicle maker General Motors Co. will recall more than hundreds of thousands of automobiles due to the defective parking brake that can cause fire danger.
Chrysler to recall 189,000 SUVs
Chrysler will recall around 189,000 Dodge Durangos and Jeep Grand Cherokees in United States to resolve fuel pump issue that an stall the SUVs.
Cadillac Will Launch a More Affordable Luxury Car in 2015
Cadillac will release new luxury car models in 2015. Cadillac, U. S. -based General Motors (GM) Company and maker of luxury vehicles will launch new high-end car models in the first half of 2015.
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