Google launches free stream music service. The model of content distribution in this system now resembles Spotify. Apple has chosen a different approach, and apparently, soon we will see the winner. Google Play Music has so far been paid and required monthly subscription fee. Despite the opportunities and a rich library, the service rarely hit the top of relevant publications and editorials on...

American aerospace and aviation company Boeing has chosen Dennis Muilenburg as chief executive officer.   The new CEO, who was earlier the president as well as Chief Operating Officer of the organization since 2013, will take office from 1 July. Muilenburg was a long term employee of Boeing where he earlier headed Defense, Space and Security business. He succeeds Jim McNerney, who will...

International investors have invested $10 billion in Uber service taxi in anticipation of the initial public offering (IPO). It is reported by Financial Times. Size infusion is a record for pre-IPO investments in high-tech sector of the US market, the newspaper notes. Neither Google, nor Facebook could not even come close to this level until they came to the open market. The main amount of money...

Italian chocolate maker Ferrero SpA buys less major British rival Thorntons Plc for 111.9 million pounds ($ 177.6 million). Ferrero will pay cash for 145 pence per Thorntons’ share, which represents a premium of 43% of their price at the close of the market on Friday, according to the press release of the British company. The Italian manufacturer has already acquired nearly 30% of Thorntons’...

Despite the fact that Canada is rich with water resources, it is predicted that it is going to be short of water, as demographic change and the climatic situation in the country are threatening the water resources of Canada. However, the assumption, that Canada could export water, has periodically emerged. Nevertheless, these plans are very unlikely both because of disagreement with the...

Skytrax, having gathered information about the flights, released the rating of the best airlines in 2015 according to the customers. The survey was attended by 18.9 million travelers from 105 countries. It study involved more than 245 airlines that were evaluated by 41 parameter - from the process of boarding the plane to seat comfort and level of service on the board. Below are the top 10...

US-based ride sharing service Lyft has settled a suit which alleged that the company violated the state laws of New York by paying $300,000.   Last year Attorney General of New York Eric Schneiderman and former NY Superintendent of Financial Services Benjamin Lawsky sued the company for what was termed as an illegal service within the country. The suit also went on to allege that Lyft ran...

Cisco Systems Inc. to invest and joint projects in China worth more than $ 10 billion in the next few years to strengthen its position in this key market, reports MarketWatch. Cisco unveiled the investment plan after a meeting of top managers - the leaving CEO John Chambers and his successor, Chuck Robbins - with Vice Premier Wang Yang and other Chinese officials in Beijing. The company has not...

The investigation team of Prosecutor of Switzerland collected data on 104 bank transactions that aroused suspicion during the investigation of cases of money laundering in the vote for the host country of the World Championships 2018 and 2022. - Our investigation is very difficult and quite large. For example, the Swiss prosecutor's office seized 9 terabytes of data. In addition, the...