Dennis Mutua

Neiman Marcus Set to File for Bankruptcy

U.S based chain of luxury department stores Neiman Marcus Group Inc. (NMG) is looking forward to file for bankruptcy this week according to sources with direct information of the matter. When this happens, Neiman Marcus will become the first American department store operator to go down during this tough economic times brought about by the global […]

Facebook and Google Will be Forced to Pay Australia’s Local Media for Content

Australian authorities have threatened to force two U.S based tech giants Alphabet Inc. (GOOGL) and pioneer social media network Facebook Inc. (FB) to pay the domestic media in Australia from ad revenues they generate from using local content. The government treasurer, Josh Frydenberg, said they were left with no other option since a meeting with […]

Alibaba Investing Extra $28 Billion in Cloud Computing

Chinese leading e-commerce giant Alibaba Holding Ltd (BABA) will be pumping in extra 200 billion yuan ($28 billion) in its cloud computing services Alibaba Cloud in the next three years. Alibaba says following outbreak of deadly coronavirus, there has been an increasing demand in for business software. The company says the funds will be largely […]

Google to Integrate its Video Conferencing Tool to Support 16 Users at a Go

Parent company of search engine Google Alphabet Inc. (GOOGL) introduced a video calling tool to its services dubbed Meet. The video call tool launched in September last year and it has only been available for various institutions which have a Gmail.com account. Video conferencing services have been on high demand, Google has always maintained high […]

Verizon Set to Purchase Bluejeans in a Deal Worth $500 Million

U.S based telecommunication company Verizon Communications Inc. (VZ) announced reaching a consensus with BlueJeans Network Inc. to buy the video conferencing company in a deal worth $500 million. In recent times, there has been an increasing demand in video conferencing services, with the coronavirus pandemic situation escalating the demand even further since a lot of […]

The Gates Increase WHO Funding After Trump Withdrew U.S Funding

Trumps Cuts Funding WHO In the beginning of the week U.S President Donald Trump announced suspending funding of World Health Organization (WHO) from the United States. He further accused the organization of being so soft on China where the coronavirus originated. Trump claimed main reason for dropping funding was due to the fact, WHO easily […]

Apple Launches New IPhone Model Amidst Coronavirus Pandemic

IPhone manufacturer Apple Inc. (AAPL) has decided coronavirus pandemic and global breakdown of economies won’t stop it from introducing new products in the market. The tech giant launched a new low budget IPhone SE which will be going for $399. This IPhone is the first of the company’s second generation IPhones which will address the […]

Amazon Sacks Three Employees Criticizing Its Response to the Pandemic

Leading e-commerce retailer Amazon Inc. (AMZN) has announced firing three employees who have been constantly criticizing how the company is responding to the global coronavirus pandemic. According to the employees in question, measures put in place by the company to combat the pandemic grossly violate the rights of employees. Two Designers The first two employees […]

Wells Fargo Reports Sharply Declined Q1 Results

Fourth largest bank in the U.S Wells Fargo & Co (WFC) has reported its first quarter results for the period ended 31 March. According to the results it’s clearly evident that coronavirus pandemic has greatly affected performance of the company in the quarter. Profit for the bank in the quarter sharply decreased to $42 million […]

eBay Poaches Jamie Iannone as New CEO

America based e-commerce company eBay Inc. (EBAY) has appointed the Chief operation officer of fellow retailer Walmart Inc. (WMT), Jamie Iannone, as its new Chief executive officer. This appointment comes at a time when eBay has been facing constant pressure from activist investor Starboard Value to reshuffle and inject new blood in its top management […]