Insurance giants Allstate will shell out $1.4 billion to purchase San Francisco-based SquareTrade Holding Co., who provides extended warranties for electronics and gadgets. SquareTrade is a consumer electronics and appliance…
Viacom has acquired Television Federal, known as Telefe, one of the main free-to-air channels in Argentina for USD345 million in cash, said “The transaction adds one of Argentina’s most popular…
Samsung has made a deal, worth $8 billion, to buy Harman International Industries Inc. in a cash deal that instantly makes Samsung a major player in the world of automotive…
Alibaba Group holding Ltd. posted a record 120.7 billion Yuan ($17.73 billion) worth of sales on Single’s Day, a 32% rise in sales from 2015. But as the mega shopping…
The once popular six second video sharing app, Vine, is finally shutting down. Twitter acquired Vine, in 2012, for thirty million dollars. The acquisition was a much publicized affair back…
Nike founder Phil Knight is once again giving his third large promised donation to a university in the past three years of USD 500 million gift, to his alma mater,…
Mark Schwartz, Chairman of Goldman Sachs Group Inc.’s, Asia-Pacific region has decided to retire at the end of the year after working for the firm for 27 years. Schwartz, 62,…
The second-largest U.S. bank, Bank of America has reported its first rise in profit 6.6 percent in three-quarters on Monday. Total income attributable to shareholders of USD 4.45 billion in…
US researchers have developed an accurate and reliable navigation system that make use of existing environmental signals like cellular and Wi-Fi rather than the Global Positioning System (GPS). The technology…
Sony reveals two new PlayStation 4 video game consoles and provides the finishing details on its PlayStation VR virtual reality system before the headset hits shelves next month. The first…
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