Although private drone operators have signed up in droves to help during emergencies, their broad based exemptions provided by the FAA can lead to potentially critical situations. Although civilian drone operators tend to cause many emergency situations, in a twist of fate, it turns out many are...

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...

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...

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...

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...

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...

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,...

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...

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...

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....

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...