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New Bid For Sears Put By Its Chairman Worth $5 Billion: Reuters

Chances of the US department store operator Sears Holdings Corp  being able to escape liquidation became rosier after a revised roughly $5 billion takeover bid for the company was presented by the Chairman of the company Eddie Lampert, according to a report in the news agency Reuters.  ...

Agreement For More Oil Production Signed Between Venezuelan And French Oil Firms

According to the announcement made by Venezuelan President Nicolas Maduro recently an agreement worth 400-million-U.S. dollar was signed between Venezuelan state-owned oil company PDVSA and French company Maurel & Prom. Under the agreement, both the companies would jointly work to ramp up...

Additional $2B To Be Invested In WeWork By Japan’s Softbank

According to media reports quoting sources, this year another $2 billion would be invested in shared working space app WeWork from Japan’s SoftBank Group. With the injection of this new investment, the total investments by the Japanese conglomerate SoftBank into the   office space...

Possible 80 Percent Drop In Q4 Profit For LG Electronics Due To Reduced TV Margins

Following on the heels of South Korean tech giant Samsung announcing massive drop in fourth quarter earnings and about a week after its first profit warning for the fourth quarter issued by US teach giant Apple Inc., another South Korean electronic gadgets giant - LG Electronics Inc said on Tuesday...

Apple’s iTunes Would Be Available On Samsung’s Smart Tvs As The Two Bury Rivalry

In a rare collaborative move, Apple has agreed to allow its iTunes services to be plated played on Samsung televisions which are sold from 2018 onwards.   This is being seen by many to be a rare exception to the long-standing policy of the iPhone maker of not allowing its software to be put...

Apple In China In 2019: Court Battle, Trade War And 5G Challenges

There are a lot challenges for Apple Inc with respect to China in the new year ranging from the roll out of 5G network, the outcome of the trade negotiations between the US and China and the impending threat of a ban on sale of some iPhone models  following a court order that has been...

Chinese Anti-Counterfeit Alliance Urges Apple To Abide By Court Order On Ban Of iPhone

Apple was called on to abide by a court order that bans sales of some iPhones China by national anti-counterfeit alliance of the country.   The court order banning the sale of some models of iPhones was made in December by in relation to a case filed by chip maker Qualcomm. Since then Apple...

2 Chinese Huawei Employees Punished By The Firm Over Iphone Tweet Goof Up

According to an internal memo issued by China's Huawei Technologies and seen by the media, two of its employees have been punished for them sending New Year greetings on the smartphone maker's official Twitter account through an iPhone.   Followers were sent a "Happy #2019" on New Year’s Day...

Apple iPhone Production Forecast For First Quarter Slashed By Citi

Apple is facing a very serious and critical slowdown in sale of its iPhones for the first time since the original Apple iPhone was launched by the late Steve Jobs for the world to see.   The slowdown in sale has forced Apple to drop the price of both the iPhone XR and the iPhone XS and Apple...

After Kids, Netflix Launches First Interactive Movie For The Adult Audience

Netflix has launched the first ever interactive movie for the adult audience called “Black Mirror: Bandersnatch” where users can choose their own path through a story from a number of multiple-choice questions which can be chosen with the help of the TV remote control device.   The story of...

Slowing Demand Forces Nissan To Reduce Car Output In China; Reuters

The drop in the demand for cars in the largest car market of the world China in the entire of 2018 has put global car and auto makers under pressure. According to a report published by the news agency Reuters, compared to what the Japanese auto manufacturer Nissan Motor Co had planed earlier, about...

iPhone XR, XS Could Get Cheaper In India As Apple Could Make Them Locally: Reports

According to media reports in India quoting sources, the iPhone XS, iPhone XS Max and iPhone XR would be assembled soon in India by Foxconn.   The reports also stated that manufacturing of the iPhone X which could also be manufactured by Apple in India.   Till now, the US tech giant...
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