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To Enhance Its Struggling Business In China, Technology Is The Bet For Amway

Over the past three years, sale sales been falling steadily for the global direct-selling company Amway Inc in China, to mitigate this robe and to spruce its sale channels, the company plans to resort to technology.      The company plans to install technology based sale channels...

As Crisis Deepens, Sale Of Nuclear Unit Westinghouse Being Pushed By Toshiba

As Toshiba Corp expanded a probe into problems there that caused it to miss an earnings deadline for a second time, the Japanese conglomerate is 'actively considering' a sale and other strategic options for U.S. nuclear unit Westinghouse, the group said on Tuesday.   Despite the potential...

Snap Stock Extended By Millennial’s Love For Snapchat

Loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc. for some millennial investors.   Surging more than 70 percent from the initial public offering price in the first two days of trading and plunging back down by a quarter since, the stock of...

Research Says By 2020 $10 Billion 'Mega-Hit' Could Be Amazon’s Voice Assistant Alexa

According to a note published by RBC Capital Markets, Amazon’s voice assistant Alexa could be a "mega-hit" and could bring the U.S. e-commerce giant $10 billion of revenues by 2020. Alexa is installed in its Echo smart speaker.   The investment bank has said that both Amazon and Google,...

As Rivals Pull Ahead, Vodafone Pays The Price For Inertia

With the aim to become more competitive and as rival mobile companies become internet companies offering combined services from phones to TV to broadband and break free from just selling ever-cheaper data bundles, British mobile operator Vodafone risks being left on the sidelines.  ...

Plans To Cooperate In India Chalked Out Between Volkswagen And Tata Motors

With the aim of jointly developing auto components and vehicles for the Indian subcontinent and beyond, the beleaguered and scam tainted German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with India's Tata Motors.   After falling...

China's ZTE Settles With U.S. Over Iran, North Korea Sales And Pleads Guilty

For violating U.S. laws that restrict the sale of American-made technology to Iran and North Korea, Chinese telecom equipment maker ZTE Corp has agreed to pay $892 million and plead guilty to criminal charges.   For a company that relies on U.S. suppliers for 25 percent to 30 percent of its...

U.S. Gulf Coast Refining Projects To Get $20 Billion Investment From Exxon

Exxon Mobil Corp, would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast, the world's largest publicly traded oil producer said on Monday.   Chief Executive Darren Woods said in a speech at CERAWeek, the world's largest gathering of energy...

Sources say $2 Billion Sale of Landis+Gyr Beiong Prepared by Japan’s Toshiba: Reuters

In the hope and aim to rake in capital after a major writedown on its U.S. nuclear unit last month, Japan's Toshiba Corpis preparing a potential $2 billion divestment of smart meter group Landis+Gyr, reported the international news agency Reuters quoting three people familiar with the matter....

Snap's IPO Seen As 'Too Big To Fail' According To Investors

Snap Inc was helped in pulling off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc smashed records in 2014 by institutional investors anxious not to be left out of this year's marquee initial public offering.   Sources...

Tons Of Revenue Predicted From 'Future Stuff I Can't Talk About' By Apple CEO Tim Cook

 Apple CEO Tim Cook said at the company's annual shareholder meeting  that teh company has some products other than the iPhone on the horizon that are "essential to Apple's growth."   The executive told shareholders that , including "future stuff [he] can't talk...

Samsung Corporate Nerve Center Dismantled, Group Chief Charged With Bribery

As the Samsung Group announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country, the South Korean prosecutors charged top conglomerate chief Jay Y. Lee with bribery and embezzlement on Tuesday.   Dealing a fresh blow to...
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