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MGM Resorts International (NYSE:MGM) Strikes Deals To Stabilize Its Balance Sheet

MGM Resorts International (NYSE:MGM) on Tuesday announced two business deals it is pursuing. The first one is to sell the Las Vegas property known as Circus Circus, which is currently valued at $825 million. Reports indicate that it will be selling out the property to Phil Ruffin, an affiliate of Treasure Island owner. Salem’s remarks […]

Apple Inc. (NASDAQ:AAPL) Lands A Smart Ring Patent

Most of the people around the globe looked forward to seeing Amazon rise faster than any other company when it came to the wearable “smart ring” market. In the previous month, this business guru unveiled what it termed its “Day 1 Edition” Echo Loop. This was seen as quite a big deal by many. Apple […]

Amazon.com, Inc (NASDAQ:AMZN) Becomes A Threat To Alphabet Inc (NASDAQ:GOOGL) Search Advertising

Amazon.com, Inc (NASDAQ:AMZN) has lately been performing quite well in terms of the search ad revenue it has been generating. Analysts have been checking out its performance for quite some time. They think the company could be the one to beat the duopoly of Facebook Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOGL). Research findings The latest […]

TikTok Poaches Facebook, Inc (NASDAQ:FB) Staff To Boost Growth

Facebook, Inc (NASDAQ:FB) hasn’t yet started taking seriously the competition that TikTok poses. This is easy to tell, considering that the social media guru hasn’t yet listed it among its rivals. However, Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP) have already documented TikTok as a rival in their financial documents. TikTok and its aggressive approach […]

Facebook, Inc (NASDAQ:FB) Facing Allegations Of Frustrating Users That Report Fake Accounts

For a company of Facebook, Inc (NASDAQ:FB) stature, the bizarre incident that is happening is shocking. Who would have imagined this social media giant would trend on twitter for locking out users on flimsy grounds? Users launch complaints A large number of users have complained, saying that Facebook locked their account simply because they reported […]

CannTrust Holdings Inc (NYSE:CTST) Takes Drastic Measures To Achieve Compliance

CannTrust Holdings Inc (NYSE:CTST) has decided to destroy some of its plants and inventory. These plants are worth C$12 million ($9 million), whereas the inventory is worth C$65 million. This decision has hit many by surprise, with some questioning the company’s move. They see the move as a drastic one! Company’s stand regarding the matter […]

AI Powered Algorithms Of Facebook, Inc. (NASDAQ:FB) Are Not Smart To Detect The Context Of A Post Or To Remove Abusive Posts

Facebook, Inc. (NASDAQ:FB) has over 2 billion users. Monitoring the content and removing objectionable content or posts involving hate content manually is a difficult task. To effectively handle this task, Facebook roped in AI (Artificial Intelligence) powered algorithms. However, in the recent European court of justice (ECJ) ruling, it is clear that Facebook’s much-touted AI-based […]

ConocoPhillips (NYSE:COP) Divests Australian Assets To Santos Ltd (OTCMKTS:SSLZY) For $1.4 Billion

ConocoPhillips (NYSE:COP) decided to divest Australian business to Santos Ltd (OTCMKTS:SSLZY) and focus on North American operations for $1.4 billion. The assets include a significant stake in Darwin LNG facility, stakes in Athena, Poseidon, Bayu-Undan, and Caldita and the interests in the Barossa gas development project. Following the deal, Santos would strengthen its position in […]

100,000 More Lawsuits In The Offing For Johnson & Johnson (NYSE:JNJ) On Injuries Related To Diabetes Drug And Vaginal Mesh Devices

2019 is the worst year for Johnson & Johnson (NYSE:JNJ). The company is ordered to pay $8 billion in punitive damages by the jury after it failed to warn the young boy over the side effects of an anti-psychoactive drug – Risperdal. According to the filing, Johnson & Johnson has pushed the doctors to prescribe […]

Uber Plans To Acquire Majority Stake In A Grocery Delivery Company – Cornershop

Uber is at the forefront of acquiring a grocery delivery company – Cornershop. It is taking advantage of Walmart Inc (NYSE:WMT)’s loss because the latter is facing regulatory hurdles in Mexico to acquire Cornershop. Uber might have paid over $225 million to take over Cornershop because Walmart offered more than $225 million, but failed to […]