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While Shares Drop Over SolarCity Deal, Muck Sees a $1 Trillion Tesla

The proposed acquisition of SolarCity Corp could eventually push the US electric car maker Tesla Motor’s valuation to $1 trillion, said Tesla Motors Inc Chief Executive Officer Elon Musk on Wednesday amidst skepticism from investors.   The sentiments of the investors were reflected after the...

Apple Shares could fall after it Loses Weight in Russell Index

Apple shares are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes and there is apprehension that its shares could fall further after dropping more than $200 billion in market capitalization in one year.   According to an...

Dell Software Deal with Francisco Partner and Elliott in Advanced Stae: Reuters

Talks for acquisition of Dell Inc's software division for more than $2 billion by buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in the advanced stage, reported Reuters quoting three people familiar with the matter.   After Dell...

Apple Violated Chinese Rivals’ Patent, Finds a Beijing Regulating Authority

Beijing’s intellectual property authority has, through ruling, has handed the U.S. tech company Apple its latest setback in the pivotal market of China by saying that the US smartphone maker had violated the design patents of a Chinese device maker and may have to halt sales of its latest iPhones...

Microsoft Enters Medical Cannabis Market through a Partner Company

Through the launch of KIND Government Solutions, Microsoft Corporation seems to have found a new market for its products in the cannabis industry and the US based global tech giant is offering this new product in collaboration with KIND Financial as its partner.   The new product was...

Swedish Newspaper Reports Ericson Faces US Corruption Probe

Corruption that is related to the business of Swedish mobile telecom gear maker Ericsson has induced an investigation from the US authorities. This was reported by Swedish daily Svenska Dagbladet (SvD) late on Thursday and the report cited unnamed sources with knowledge about the issue.  ...

Eyebrows Rise as Investors Back both Arch Rivals Uber and Didi

Billion-dollar-plus funding rounds have been made routine by ride-hailing companies Uber and Didi and are among the many new dimensions that they have brought to the startup industry.   Another first in this list for startup industries is the sharing big investors despite both being fierce...

$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...
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