Lyft To Reach $1 Bln Annual Revenue Mark?
Nov 18, 2015 10:34 am UTC| Business
Lyft, a privately held American transportation network company and Uber Technologies biggest rival in the U.S., hopes to reach the $1 billion mark in gross annual revenue, the companys co-founder John Zimmer told...
Angie’s List Declines IAC’s Acquisition Offer
Nov 18, 2015 06:08 am UTC| Business
Angies Listannounced on Tuesday that on the basis of unanimous decision of its Board of Directors, it has decided not to pursue the unsolicited proposal fromIAC/InterActiveCorp to acquire the Company. According to the...
Walmart To Sell Android Smartphones For USD10 Each
Nov 17, 2015 23:32 pm UTC| Business
US retailer Walmart is apparently selling two Android smartphones at ten dollars each. ZDNet reports that the incredibly cheap smartphones made by phone maker LG, the LG Sunrise L15G and LG Lucky LG16, can do more than...
Icahn Swaps eBay Shares For PayPal Stake
Nov 17, 2015 16:59 pm UTC| Business
A filing with the US Securities and Exchange Commission revealed that the billionaire activist investor sold his 46.3 million shares in the e-commerce platform in exchange of snagging the same number of shares in the...
British brewers are toasting a golden age – but will it all go flat?
Nov 17, 2015 13:59 pm UTC| Insights & Views Business
Paul Kirkham, Researcher in Entrepreneurial Creativity, University of Nottingham The traditional world view of the British pint is of something warm, flat and rather unpleasant. But the recent signing of a...
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...