Money

FTC Probing Broadcom Over Forcing Exclusive Agreements With Clients

United States based computer chip designer and manufacturer Broadcom Inc. (AVGO) is yet again under investigation by the U.S Federal Trade Commission (FTA) over complaints that it forces exclusive agreements with customers. Broadcom is a major supplier of Bluetooth and WiFi chips to companies like iPhone manufacturer Apple Inc. (AAPL). According to a report released […]

Apple Employees in Atlanta File to Conduct First U.S Union Election

On April 20th, employees at an Apple Inc. (AAPL) store in Atlanta filed a petition to hold a union election aiming to become Amazon’s first united State store to unionize especially at this time when there is a wave of labor activity at big companies. Citing a news release issued by the union and employees […]

Amazon Employees From a New Jersey Facility File for Union Election

Employees of Amazon Inc. (AMZN) working in a small facility in DNK5 depot in Bayonne, New Jersey, have are coming out expressing enough interest to hold a vote on unionizing. This development was reported by the United States National Labor Relations Board (NLRB). According to NLRB, a minimum of 60 to 200 from the small […]

Google to Invest $9.5 Billion in US Offices and Data Centers

Alphabet Inc. (GOOGL) the parent company of leading search engine Google has revealed that it will be investing $9.5 billion across its offices in the United States and data centers in 2022. This investment is higher compared to the $7 billion it invested last year. According to Google this investment will create a minimum of […]

Honda to Spend $64 Billion on Research and Development over the Next Decade

Japan based car manufacturer Honda Motor Co. (TYO: 7267) has revealed that it will be spending $64 billion for research and development activities over the next decade. The automaker made this announcement on April 12 further adding that it’s looking forward to unveiling 30 electric vehicle models by 2030. This target entails producing 2 million […]

Largest Twitter Shareholder Proposes Changes in Blue Premium Subscription Service

World’s richest man Elon Musk is suggesting major changes on the widely used social media and microblogging platform Twitter Inc. (TWTR) the changes include are mainly touching on Twitter’s Blue premium subscription service. The changes entail; reducing is subscription price, providing an option to pay in the cryptocurrency dogecoin and banning advertising. Musk took on […]

Walmart Owned Flipkart Raises IPO Valuation Target to $60-70 Billion

India based online retailer Flipkart has raised its initial public offering (IPO) valuation target by around 33% to $60-70 billion. According to sources directly involved in the matter, the Walmart Inc. (WMT) owned company is also planning a United States listing next year instead of this year. Initially, Flipkart had set a target market valuation […]

Airbnb Halts its Services in Russia and Belarus

U.S based online market place for lodging, vacation rentals and homestays Airbnb Inc. (ABNB) has suspended its operations in Russia and Belarus. The company made this announcement on April 5. “Guests globally will no longer be able to make new reservations for stays or Experiences in Russia or Belarus. Guests located in Russia or Belarus […]

Steven Mnuchin Owned Private Equity Fund Acquires $525M Controlling Stake in Startup Security Firm Zimperium

Liberty Strategic Capital, a private equity fund owned by former U.S. Treasury Secretary Steven Mnuchin has bought a controlling stake of $525 million in startup security firm Zimperium. This information was revealed by the Washington based private equity fund. This acquisition deal is the first ever majority stake acquisition by the private equity fund since […]

40% of Toshiba Stakeholders Voted in Favor of Spin-Off

For some months now talks about a possible spin-off in Japan based multinational conglomerate Toshiba Corp. (TYO: 6502). Well the company held annual general meeting in which 39.53% of the shareholders with voting rights voted in favor of a plan to spin-off the company’s devices unit. On the other hand, a separate group backed by […]