Pandora Acquires Rdio’s Technology And Talent For $75 Mln
Nov 17, 2015 08:28 am UTC| Business
Pandora, one of the worlds leading music discovery platforms, announced on Monday that it has entered into an agreement to acquire several key assets from Rdio, an online music streaming company headquartered in San...
Warren Buffett’s Berkshire Hathaway Reduces Goldman Sachs, Wal-Mart Stake
Nov 16, 2015 17:11 pm UTC| Business
Berkshire Hathaway Inc reportedly trimmed down its stake significantly in Goldman Sachs Group Inc and Wal-Mart Stores Inc. Citing the companys Monday filing, Bloomberg noted a large drop in stake ownership in both the...
Marriott Hotels To Buy Out Rival Starwood In USD12.2 Billion Merger
Nov 16, 2015 16:54 pm UTC| Business
Marriott International is poised to become the worlds biggest hotel chain as it has announced its intention to purchase its rival Starwood. The Washington Post said the USD12.2 billion stock and cash deal will make the...
Apple’s First Southeast Asian Retail Store To Run On Solar Power
Nov 16, 2015 12:21 pm UTC| Business Technicals
Apple is finally taking its first step to open its retail store in Southeast Asia. The store will be located in Singapore and will reportedly run on renewable energy. Reuters reported that the Cupertino company has...
Moody’s Downgrades Toshiba To Baa3 Following Poor Financial Results, Lawsuit
Nov 12, 2015 04:58 am UTC| Business
Toshiba, the Japan-based multinational conglomerate, released its financial results on Saturday. Toshiba Group as a whole recorded a consolidated operating loss of 90.5 billion yen ($754 million) and a decline of 228.4...
U.S. True Debt Pegged At USD65 Trillion, Not USD18.5, Ex-GAO Chief Says
Nov 11, 2015 15:29 pm UTC| Business Economy
The true debt of the US is apparently bigger than what everyone thinks. In an radio interview that aired on Sunday, former Government Accountability Office (GAO) head Dave Walker said that the countrys true debt is...
Netflix ‘Making A Murderer’ Coming Next Month
Nov 11, 2015 05:00 am UTC| Business
Based on true-story, Making A Murderer is a 10-part documentary series directed by Laura Ricciardi and Moira Demos. Netflix announced that the full series will debut on December 18th, and will get a two-episode preview at...