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$5.5 billion Shanghai Disney Park Route for Disney’s China Fairytale Opened

Prompting a rush from thousands of gathered Mickey Mouse enthusiasts to be the first to storm Treasure Cove, ride the Roaring Rapids or visit Disney's tallest castle, Walt Disney Co has opened the gates to its first theme park in China.   The park is a bet on China's middle class and booming...

Fine of $350,000 Proposed against Amazon by FAA for Hazardous Package

A $350,000 civil fine against Amazon.com Inc is being proposed by the U.S. Federal Aviation Administration, the authority announced very recently. The allegation against Amazon Inc. is that it had violated the hazardous materials regulations by shipping a product which resulted in the injury of...

Streaming Music Service Launch being Prepared by Amazon: Reuters

Placing the company squarely in competition with rival offerings from Apple Inc and Spotify, Amazon.com Inc is preparing to launch a standalone music streaming subscription service, reported Reuters citing two sources with knowledge of the matter.   The sources said that a competitive...

Options for Paramount being Considered by Redstone's NAI and Talking to Bankers: Reuters

Strategic options for Viacom Inc's Paramount Pictures, including a possible stake sale are being looked out by Sumner Redstone's National Amusements Inc and are consulting investment bankers about the options reported the Reuters citing sources familiar with the situation said.   The...

US Justice Department asks Supreme Court to Send Case against Samsung to Lower Court

An appeals court ruling has been asked to be over turned by the U.S. Department of Justice to the Supreme Court and asked that it return the case to the trial court for more litigation. The case is related to a litigation between Apple Inc and Samsung Electronics Co Ltd and the appeals court ruling...

As Yahoo Reviews New Bids, Verizon’s bid Sought to be Topped by AT&T: Sources

After several parties, including Verizon Communications Inc and AT&T Inc, made second-round offers, Yahoo Inc is set to put together a new shortlist of bidders for its core internet assets, the media reported quoting several sources close to the company.   One of the sources said that...

Curb on Wal-Mart’s Yihaodian Deal Removed by Chinese Commerce Ministry

Concluding that the raising of the stakes of Wal-Mart in Chinese online supermarket Yihaodian would not impact the already competitive market, the Ministry of Commerce in China removed restrictions on Wal-Mart Stores Inc's deal in 2012 to raise its stake in online supermarket Yihaodian.  ...

Shell CEO Denies Rumors of 'Baby Shell' IPO, says Shell Asset Sales on Track

Putting rumors of a spin-off of non-core assets in a "Baby Shell" initial public offering to bed, Shell's plans to sell off assets and pull out of up to ten countries are on track, announced the chief executive of the oil major. Shell said that it was taking action to deliver on lower costs,...

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...
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