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Viacom appoints Verizon’s ex-vice chairman as its independent director

Although the move has been applauded by investors Viacom’s board his reelection marks a new low of support from Viacom’s board. Facing increasing heat from investors regarding aspects of its corporate governance, Viacom has appointed the former vice chairman of Verizon Communications Inc. as its...

Viacom appoints Verizon’s ex-vice chairman as its independent director

Although the move has been applauded by investors Viacom’s board his reelection marks a new low of support from Viacom’s board. Facing increasing heat from investors regarding aspects of its corporate governance, Viacom has appointed the former vice chairman of Verizon Communications Inc. as its...

DOJ may demand Apple’s source code and signing keys

The fight between the DOJ and Apple could lead to the DOJ formally demanding that Apple hand over the source code for iOS as well as the signing keys, making it possible for the DOJ to gain unrestricted access to the iPhone. A study of the latest filings in the ongoing legal war between the Justice...

GM could face upto $10 billion in penalties over defective switch

As per the plaintiff’s lawyers, the entire case rests on whether the judge will be willing to overrule its earlier verdict in the 2009 GM’s bankruptcy case. All those people who have taken General Motors to court over its faulty ignition switch will now get two chances in a Manhattan court to argue...

A typo stalls a $1billion bank heist

Alert officials from the Federal Reserve Bank of New York stop hackers from stealing $1 billion. In a banking heist that has gone down as a record in history, hackers have managed to steal $80 million from one of Bangladesh’s central banks. A typo however prevented them from stealing $1 billion, as...

Core common components between the F-35 and the B-21 leads to savings

As per the Air Force General running the F-35 fighter jet program commonality between the F-135 engine with that of the B-21 bomber is likely to lead to cost reductions. While commenting on the selection of Pratt & Whitney to build Northrop Grumman Corp’s engines for the long range B-21 bomber,...

Booming times for fintech companies in India, China

With a burgeoning consumer base, fintech companies in India and China are seeing phenomenal growth. As per data from KPMG and CB Insights, traders have invested a record $4.5 billion into financial start-ups in Asia last year. This is four times than the amount in the previous year putting the...

Twitter hands out stock and cash to retain its employees

With four top executives leaving the company, Twitter is desperately trying to hold on to its current talent pool. In an effort to rein in employees leaving the company, Twitter Inc. has been doling out stock and cash incentives, as per the Wall Street Journal.   Depending on the number of...

Big fine will result in big job cuts warns VW’s labor Chief

In what could be described as game of chess, VW’s labor chief has warned U.S. authorities that imposing big fines on the company will result in big job cuts which is likely to hurt the U.S. economy. With the U.S. Justice Department suing Volkswagen for upto $46 billion for breaching U.S....

Side deal with 38 Studios cost Wells Fargo dearly

As per the SEC lawsuit a side deal by Wells Fargo with 38 Studios during the $75 million bond offering with Rhode Island’s development agency resulted with Wells Fargo receiving double its due. The Securities and Exchange Commission of the United States has charged a unit of banking giant, Wells...

Justice Department requests Apple to extract data from older iOS

Although it had cooperated with law enforcement agencies and intelligence officials in the past for data extracting operations from its flagship smartphones, Apple has said it is willing to fight such cases upto the U.S. Supreme Court. In a move that will get approving nods from tech giants such as...

Japan’s fashion industry mirroring its economic state

The resurgence in Japan’s economy had reflected in its fashion industry’s bright red lipstick. With the Abenomics losing its luster, lip gloss shades are increasingly turning dull. Here’s a brief article in which Japan’s economic state is reflected in its fashion industry. In the first year when...
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