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Hyundai Notes Highest Quarterly Profit Growth In 7 Years, Plans Higher US Market Share

South Korea's auto giant Hyundai Motor Co will bring in an expanded line-up of sport-utility vehicles (SUV) to rejuvenate its business prospects in the United States even as the company reported a second quarter profit that was highest quarter on quarter growth in over seven years.   The...

Record $650 Million In Settlement To Be Paid By Equifax For Data Breach

A record fine worth $650 million for settlement of charges of a massive data breach of users’ personal information against it back in 2017 brought in the United States federal and state agencies will be paid by credit reporting company Equifax Inc to get itself absolved of the investigations and...

Microsoft’s Market Value At Record High After Excellent Q3 Report And Cloud Growth Forecast

United States based tech giant Microsoft reached a record market value of more than $1 trillion for the first time in its history after the company forecast steady growth in revenues from its cloud computing business.   The company easily surpassed Wall Street expectations in profits and...

737 Max Crisis Forces Boeing To Take A $4.9B Charge For Second Quarter

The estimated disruption of the grounded Boeing 737 Max planes globally has forced the United States based plane maker to take an after-tax charge of $4.9 billion in the second quarter. All 737 Max planes of the company –one of its fastest selling ones, ground were grounded all across the world...

Vodafone's $22 Billion Acquisition Of Liberty Cleared By EU

The European Union has given the green signal to the $22 billion acquisition of Liberty Global’s cable networks in Germany and central Europe by Vodafone. This now removes most of the roadblocks for the British company to complete the acquisition that would make it the largest mobile, broadband and...

Netflix Misses Second Quarter Subscription Target, Stocks Drop By 11%

Streaming giant Netflix missed analysts estimates for paid streaming subscribers for the second quarter sending its shares down by as much as 11 per cent.   The company able to add just 2.83 million international paid streaming subscribers globally in the second quarter compared to the...

South Korean Firms Samsung & SK Hynix Seek Increased Production From Korean Firm Amidst Japanese Curbs

A local supplier in South Korea that makes a critical chemical in the chip manufacturing process has been asked by South Korea's Samsung Electronics and SK Hynix to ramp up production so that the companies are able to create a safeguard for any possible production disruptions because of an export...

Vodafone Australia Had Mislead Customers, Admits The Company, After ACCC Probe

Following an investigation over alleged acts of misleading customers by the Australian Competition and Consumer Commission (ACCC), Vodafone Australia – the latest telecom company operating in the country had admitted to the charges of misleading customers over direct billing services the company...

Tesla Pushes To Boost Sale – Drops Production Of Cheapest Variants Of Model X, S Cars

Tesla is putting in all efforts to boost up sale of its electric vehicles by adjusting prices of its cars throughout its product range as well as dropping out the standard-range variants of its Model X and Model S from its product offering. This move comes close to heels of the United States based...

Profit Warning For 2019 Issued By German Auto Giant Daimler

Following a troubled second quarter that was marked by multiple product recalls, a host of court cases and legal expenditures and a slowing down in demand for new cars, warning of a major drop in its profits for the current year was issued by the German auto giant Daimler – the owner of...

Ford-VW Expands Partnership To Include Self Driving And Electric Vehicles

The seven month old alliance between Ford and Volkswagen would now include autonomous and electric vehicles according to an announcement made by the companies on Friday.   Even though the forwarding of the deal itself between the two companies was nothing unexpected, what surprised many...

Apple Begins Program For App Development In China

Apple Inc has an announced strategy of further developing its services business in China – one of the company’s most important overseas market, and has now initiated a program in its Shanghai campus to help Chinese app developers to come out with more apps.   According to the details of the...
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