Markets

AT&T Inc. (NYSE:T) To Make A Settlement Of $60 Million For Misleading Users About Their Unlimited Data Plans

AT&T Inc. (NYSE:T) is to pay a sum of $60 million after allegations of charging its customers for ‘unlimited’ data plans but reducing the speeds for these plans. The Federal Trade Commission announced that ATT&T allegedly reduced theses data speeds when the users used too much data. This act by the company started in 2011 […]

Facebook, Inc (NASDAQ:FB) Reports Improper Access Of User Data By 100 App Developers

Facebook, Inc (NASDAQ:FB) reported that 100 App Developers might have had access to the user’s data amidst their Group system lockdown last year. The social media giant claims that after the close-down, some app developers might have retained data about the group members. Facebook reported that 11 of the 100 developers accessed the member data […]

Michael Garland To Head The Combined CPPIB And Pattern Energy Group Inc (NASDAQ:PEGI)

Pattern Energy Group Inc (NASDAQ:PEGI) reported that the company has finalized a deal under which Canada Pension Plan Investment Board will buy it. It is an all-cash agreement valued at around $6.1 billion, including debt. Pattern Energy management team will lead the new firm. Yieldco making comeback Pattern Energy is the latest yieldco to finalize […]

Ford Motor Company (NYSE:F) To Could Shut An Engine Plant In Michigan Post $400 Million KC Area Investment

Ford Motor Company (NYSE:F) will invest $400 million in its KC Assembly Plant under the tentative labor deal with the United Auto Workers. The deal comprises $6 billion in product commitments, which the United Auto Workers believes will result in a minimum of 8,500 secured or jobs. Closure of engine plant in Michigan Ford Motor […]

Bank of America Corp (NYSE:BAC) An Exceptional Place To Work Employees

Bank of America Corp (NYSE:BAC) will be changing its current minimum hourly wage of $17 to $20 by 2020, a deviation from its earlier plan of implementing this change in 2021. The bank will also extend special compensation awards to around 95% of its international workforce. Focus on sustainable growth In April 2019, Bank of […]

Nokia Oyj (NYSE:NOK) Target Malaysian Ports For 5G Business In An Effort To Compete With China’s Huawei

Nokia Oyj (NYSE:NOK) reported that it would be offering its ultra-fast mobile internet services to Malaysian ports. It is an attempt by the company to gain from the growing 5G technology market of Malaysia. However, competition is intense, with China’s Huawei expanding fast in its home market. Huawei has already finalized 5G deals with telecom […]

Fiat Chrysler Automobiles NV (NYSE: FCAU) And PSA Peugeot Complement Geographic And Product Fit For Merger

Fiat Chrysler Automobiles NV (NYSE:FCAU) and PSA Peugeot have announced the terms of their merger deal. Shareholders of each company would own 50% of the new entity, and a binding deal would be finalized within the coming weeks. Fiat shareholders would also be awarded a special one-time dividend worth $6.1 billion as part of the […]

RigNet Inc (NASDAQ:RNET) And BP Signs Deal Multi-Year Intelie Live For Digital Transformation

RigNet Inc (NASDAQ: RNET) and BP signed a multi-year deal for Intelie Live. Steven Pickett, the President and Chief Executive Officer of RigNet, expressed that BP selected Intelie Live to fulfill BP’s requirements. Intelie has shown exceptional performance in the Energy sector, which has helped firms like BP advance their digital transformation journey. How Intelie […]

PG&E Corporation (NYSE:PCG) Probed By Judge Over The Massive Wildfires

PG&E Corporation (NYSE:PCG), a utility giant, is being probed by a federal judge over a power line failure deemed to fail few minutes before a massive fire explosion in North California last month. On October 23, the Kincade fire exploded in Sonoma County. This wildfire has destroyed approximately 450 structures and is still going on […]

Hewlett Packard Enterprise Co (NYSE:HPE) Uses Intelligence And Composability To Improve The Cloud Experience

On November 4, 2019, Hewlett Packard Enterprise Co (NYSE:HPE) announced that it introduced a function that would enable business growth through the rapid delivery of new applications and innovations. The new function integrates the company’s machine learning and artificial intelligence-driven HPE Primera storage platform, with the HPE Composable Rack and HOE Synergy, which bring in […]

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