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Wal-Mart Online-Sales to be Boosted by its Tech Investments, says the Company

Wal-Mart Stores Inc executives flaunted the potential for boosting online sale that the company stands to gain from the technology investments in the world's No. 1 retailer is making, said the executives during the annual shareholder meeting very recently.   The US retailer's two-day...

Lawsuit by Whistleblower over Cloud Computing Hits Oracle

A former senior finance manager has sued Oracle Corp on Wednesday against her alleged termination over her complains against irregularities in the company. The former senior finance manager has alleged in the suit that she was fired by the company because she had complained against the improper...

Sources say $1 Billion of 30-Year Bonds to be Issued by Apple in Taiwan

With the aim of raising $1 billion, for the first time Apple Inc plans to issue bonds in Taiwan, say media reports quoting several sources that are familiar with the matter.   Apple is among a number of huge global names who have in recent times sold billions of dollars on the island's busy...

$7.9 Billion of it Alibaba Stocks Planned to be Sold by Top Shareholder Softbank

At least $7.9 billion of shares of in Chinese e-commerce company Alibaba Group Holding Ltd in order to raise funds to reduce its debt would be sold out by Japanese telecommunications and internet firm Softbank Group Corp, the company announced.   Since Softbank began investing in the company...

Record Cartel Fine on Truckmakers Set to be Imposed by EU

The EU has charged Europe’s largest truckmakers of fixing prices and delaying the introduction of new emission technologies and the commission is all set to issue the biggest cartel fine in its history by punishing the truckmakers. The original charge was sheet against DAF, Daimler, Iveco,...

Citing Government Rule Change, Alibaba Tells Vendors to Halt Online Drug Sale

Citing reasons that a local regulator has issued an "urgent" directive halting drug sales via third-party platforms, Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine.   A circular from the Hebei province branch of the China Food...

China’s New Electric Car that can be Charged Just Beside Your Phone

Before starting Autohome Inc., China’s premier car-buying portal, Li Xiang was earning 10 times more than his parents from part-time jobs when he left school in 1999 to focus on a website.   After the success of the website, he now plans to design and build cars also.  ...

Market Share of Saudi Aramco being Boosted Listing Preparations Continue

As Saudi oil giant Aramco acts as a "bridge" to a future when the nation relies less on energy exports, it is gaining market share and pushing for greater efficiency, said the chief executive of the company Amin Nasser in an interview.   The partial privatization via a stock market listing...

GE Clinches Deal for Supplying Engines for South Korea’s Homegrown Fighter Jets

The US electrical giant General Electric Co has won a deal that could be worth an estimated $3.5 billion over a European consortium to supply engines for its homegrown KF-X fighter jet project for South Korea.   South Korea is in a process to develop its own fighter jets to reduce its heavy...

Novartis Stake in Roche will be sold without Demanding Premium, says Company CEO

In a surprise move that was announced on Wednesday, shares worth nearly $14 billion in rival company Roche would be sold by Swiss drugmaker Novartis without demanding a premium. This was announced by the Chief Executive of Novartis, Joe Jimenez.   Last month, news agency Reuters had reported...

Samsung Changes Strategy to Halt Smartphone Side

Samsung Electronics has undergone a painful process of breaking from its past to reverse a slide in its handset business by changing the way it chooses smartphone components to the models it brings to market. By ultimately defying industry convention by opting for fewer pixels in exchange for...

Improvement of Labor Conditions in its Suppliers’ Factories in India, Cambodia being worked out by H&H

Following revelations of violations in supplying garment factories in India and Cambodia in a study that was recently released, Swedish fashion retailer Hennes & Mauritz (H&M) said it was collaborating with trade unions, government as well as the U.N. to improve workers' conditions.  ...
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