Low usage and a bug that was discovered in March last year was cited as the primary reasons that the consumer version of the social networking site Google+ was is being shut down by the U.S. internet giant Google, the company announced on Monday. It was estimated that personal and other stored data...

Robust demand for semiconductors from data centres and gains in production yields drove the estimated third-quarter operating profit for Samsung Electronics to increase by at least 20 per cent and reach a record high.    However, the two year growth cycle for the chip industry was...

A 72 year old company that has a huge legacy and manages over $7 trillion in investor’s funds - Fidelity Investments, are extremely open to nascent technologies, such as cryptocurrency and blockchain despite having a strong and well established position in the conventional retail markets.  ...

Alleging that Tesla CEO Elon Musk had made a series of "false and misleading" tweets about the possibility of taking Tesla private last month, the U.S. securities regulator – the Securities and Exchange Commission, now want Musk to be removed from the electric car making company.   Tesla,...

An amount of $148 million would be paid by ride hailing company Uber to authorities in the United States to settle a case of a massive data breach on its servers in 2016 which the company had kept secret for over a year, announced the company and government authorities.   The case date back...

The abrupt departure of the co-founders of Instagram - Kevin Systrom and Mike Krieger, created a lot questions among experts and experts as none provided any particular reason for their exit form the company that they had founded in 2010.   But if media reports quoting are to be believed,...

The US handbag and clothing brand Michael Kors is reportedly set to buy the Italian fashion house Versace which was founded by Gianni Versace 40 years ago. The deal has been reported to be worth $2bn.   The late Gianni Versace’s niece, Allegra Versace Beck, would almost be turned...

It is perhaps very surprising to many after Uber executives identified Argentina to be its fastest growing market in the world currently. The growth has been attributed to the sudden economic downturn of the country that has increased unemployment and reduced the purchasing power of people there....

Caterpillar Inc is resorting to a cost cutting strategy which is almost two years old to avoid the U.S. tariffs on imported aluminum and steel impacting its profits. The company has found that it \to be the best way after in the six months since the tariffs were imposed.   A drop in sales...

Unless Facebook changes what the European Commission has termed as “misleading” terms and conditions, the American Social media giant can face sanctions within the EU, Brussels has warned.   The firm has been holding discussions with representative of the EU for over two years now to provide...

The escalating trade tensions between the United States and China has created an impediment for job creation in America and thus Chinese e-commerce giant Alibaba would not be able to meet its promise of creating 1 million jobs in the country, said the firm’s Chairman Jack Ma. This was reports...