Olympus Corp. has taken legal action against 19 people including its president in regards to their roles in a $1.7 billion loss cover-up. The company is demanding in lawsuits that former president Tsuyoshi Kikukaware pay $47 million. Olympus Corp. alleges that he had a key role in the scandal, which has rocked the world’s confidence […]
A deal has been reached between Amazon.com and the state of Indiana on the issue of sales tax. Beginning in 2014, Amazon.com will voluntarily start collecting sales tax on all sales. Indiana Gov. Mitch Daniels alongside Amazon executives made the announcement during a recent news conference. Daniels said the Internet giant agrees with the state […]
Korean electronics company Samsung gives thanks to Apple for all its free publicity due to the legal battle regarding the Galaxy Tab. According to Samsung Australia’s Telecommunications VP Tyler McGee, Apple inadvertently made its tablet computer a name that all households know. The company believes the legal battle has done more good in advertising than […]
Netflix, the most popular video rental and streaming company in the US just got a cold slap in the face as almost a million of its members canceled their subscriptions due to the company’s higher rates. It was long in coming as Netflix had been getting on people’s nerves and bad side all year. They […]
More bad news has hit the American homeowners agenda as it was revealed that home ownership has dropped to the lowest point in decades, down to 65.1 percent. That’s the lowest since the Great Depression. With millions out of work and no end in sight to the economic turmoil around the globe, the people of […]
Global stocks slid down again on Friday with the growing fear that another US recession is about to happen. There doesn’t seem to be a light at the end of the tunnel when there are also ongoing worries about Europe’s debt crisis. This is also fueling acute fears spreading through Europe’s banking sector. Worries over […]
It looks like a case of sibling rivalry as the sister of Facebook founder Mark Zuckerberg has reportedly handed in her resignation in order to start her own social networking empire. Randi Zuckerberg is going on to expand her new company called RtoZ Media. Ms. Zuckerberg is recognized by Facebook and the social networking and […]
Microsoft Corp. has posted $17.4 billion fourth-quarter revenues and $6.2 billion profits that ended in June. This performance, which beats analyst expectations, was driven by strong sales of its Xbox console and Office software. Microsoft follows IBM, Google and Apple in posting good results as spending on technology seems to be holding up well in […]
Badu Inc. and Microsoft came up with a decision to combine their forces as they seek to gain Google users. This partnership happened after Google pulled its famous search engine out of China a year and a half ago over concerns on censorship. The agreement will allow users of Baidu to view English search results […]
German and French Leaders have forgotten their turmoil for each other as they try to handle the Crisis situation in Greece. Both Chancellor Angela Merkel and President Nicolas Sarkozy called an emergency meeting for an agreement amongst EU Members to create a package that would salvage the Greek crisis. All markets could not make sure […]