Money

Sony Pumps in a $400 Million Investment in Chinese Video Website Bilibili

American subsidiary of Sony Corp (TYO: 6758), Sony Corp America is set to pump in investment worth $400 million in Chinese video sharing website Bilibili (NASDAQ: BILI). The two parties made the announced during a joint press statement further adding the partnership is targeting the millennials and generation alpha as its customers. Bilibili is commonly […]

Jack Dorsey Pledges Stake Worth $1 Billion to Combat Coronavirus

Chief Executive Officer of Social Media network Twitter Inc. (TWTR) Jack Dorsey has pledged a total of stake worth $1 billion to assist in the fight against coronavirus pandemic. Dorsey also adds up as the founder and CEO of mobile payment and fintech company Square Inc. (SQ) so he directed that this money will be […]

Rolls Royce Withdraws 2020 Financial Guidance Cites Coronavirus Pandemic

British based engineering and aero-engine manufacturer Rolls-Royce Holding PLC (RR) announced on Monday that it has dropped its financial target for the first quarter of the year and a very high possibility of dropping entire targets for the entire year. Additionally, Rolls Royce also suspended dividend for the first quarter of the year making it […]

Zoom Under Siege Over Data Privacy and Security Issues

Remote conferencing services firm Zoom Video Communications Inc. (ZM) is facing a backlash over its video conferencing app Zoom video which is alleged to having been breached hence putting private user data at a great risk. Earlier in the week, the company’s founder and Chief executive officer, Eric Yuan, indeed confirmed the data privacy concerns […]

Amazon Employees Stage Demonstrations Citing Fear of Contracting Coronavirus While Working

Global breakout of deadly coronona virus is indeed chewing into each economy without fear or favor. With the United States recording highest numbers of infections worldwide, workers at e-commerce giant Amazon Inc. (AMZN) are afraid of being infected with this virus as they continue with their day to day activities at their workplace. On the […]

Xerox Walks Away From $35 Billion Bid for HP

U.S based printer manufacturer Xerox Holdings Corp (XRX) has confirmed abandoning its cash and stock $35 billion bid for PC and printing equipment maker HP Inc. (HPQ). The company made the announcement on this decision on Tuesday further adding rapid spreading of coronavirus across United States affected its decision. In the beginning of March, Xerox […]

Alibaba Set to Acquire 10% Stake in Yunda

Citing information from direct involved sources, China based e-commerce giant Alibaba Group Holding Ltd (BABA) is planning to acquire stake of up to 10% in Yunda Holding Co Ltd (002120). Following this deal, Alibaba will become the fifth largest investor in Yunda. Alibaba is aiming at buying this additional stake from Yunda’s founding partners and […]

Global Airlines Urge Governments to Aid Them Overcome Plunge Due to Coronavirus

Coronavirus pandemic is biting so hard and so fast into every economy, various sectors have been deeply affected by this situation since businesses are no longer running as usual. World airlines remain among the top of the businesses greatly affected by outbreak of coronavirus. Almost every nation in the world now has completely shut down […]

A Group of Cyber Security Gurus Unite to tackle Coronavirus Related Hacking

Truth is it would be naive to think that at this time of a great catastrophe there are no criminal activities going on around the globe. As weird as it might sound, some bad people are still out there with intentions of benefiting from other peoples misfortunes. Following the outbreak of coronavirus pandemic worldwide illegal […]

LYFT Inc (NASDAQ:LYFT) Introduces Inexpensive Car Rental Service In The Bay Area And Los Angeles: LYFT Offers Flexible Transportation For Weekend Getaways

LYFT Inc (NASDAQ:LYFT) has introduced an inexpensive car rental service for the customers in select large cities. It is an alternative to owning a car or hiring a ride-sharing service. The flexible transportation is perfect for the customers, who intend to go for a weekend getaway with the family. Unrestricted transportation Lyft’s new car rental […]