Taiwanese contract manufacturer Foxconn Electronics intends to conclude an agreement with Sharp to buy its Japanese vendor until the end of this February. The company managed to reach a preliminary agreement, as told by Foxconn’s chairman Terry Gou. Last Friday, Foxconn’s head held eight-hour talks with Sharp’s Kozo Takahashi President and other leaders of the company. Previously, the news media...

US multinational corporations such as Google, Facebook and Amazon, will be required to disclose data about their incomes earned in the European Union (EU) and their income tax payments as well. The relevant draft legislation is being developed by a European Commission (EC) now. It will be presented on 12 April. For the bill to be passed, this initiative should be supported by all 28 EU member...

Federal Court for the Eastern District of Texas in the United States found Apple guilty of violating VirnetX company’s patents, and ordered to pay $ 625.6 million, according to AppleInsider, with reference to the judgment. As follows from the verdict, Apple had violated a number of patents owned by VirnetX. In particular, the court decided that the California corporation used without permission...

Yahoo! has unveiled disappointing results for the fourth quarter and full 2015. These gloomy news was followed by announcement sale of a number of non-core assets, reduction of 15%, and closing of five offices in different countries to reduce costs. In addition, the company announced that, while striving for profitability, it will "consider strategic proposals", and this could mean its...

American pharmaceutical company Abbott Laboratories announced purchase of a $ 5.8 billion company Alere. The deal will allow the world’s one of the largest pharmaceutical companies to strengthen its position in the lucrative and ever-growing market of harvesting and studying of clinical analysis. On Monday evening, it became known that the leading US pharmaceutical company Abbott Laboratories...

Brand Finance estimated that "Star Wars" brand is worth around $ 10 billion, according to the website of the consulting company. As the researchers point out, the seventh episode of the saga made Disney the most influential brand. Brand Finance estimated total cost of the studio’s brand at $ 31 billion. Numerous acquisition of other well-known brands (ESPN, Pixar, The Muppets and Marvel) became...

Yesterday, the largest Internet provider in Indonesia, PT Telkom Indonesia, blocked access to the American video service Netflix. The provider explains the blocking by absence of the license, but analysts believe that local providers are afraid of competition from Netflix, which is rapidly winning the worldwide audience. Indonesian state Internet provider PT Telkom yesterday closed access to...

Shareholders of Anglo-Dutch oil company Royal Dutch Shell Plc voted in favor of the merger with the British gas company BG Group Plc. The transaction was supported by holders of 83.08% stake in Shell. Above that, the merger must be approved by BG’s shareholders; the voting will be held on Thursday. If approved, the deal will be closed by 15 February, Shell’s report says. In April 2015, Shell...

The funds accumulated in the accounts of Twitter would be enough to operate the company for more than 400 years, according to USA Today, citing the assessment of S&P Capital IQ. As a result of the first three quarters of 2015, the company reported reserves of $ 3.5 billion. According to the calculations of S&P Capital IQ, Twitter has enough money to keep the company going during 412 years, if...