Third World War is coming, but it's good - said one of the Asian richest men Jack Ma, the founder and CEO of Alibaba Group, adding that Internet and its various platforms may trigger the global conflict. However, it won’t set countries against each other. Instead, countries such as China and the US, will unite to defeat the social evils. - The Third World War is inevitable, but it will not...

US-based technology company Hewlett-Packard has agreed to a compromise settlement of $100 million over a shareholder’s class action lawsuit in relation to the company’s failed acquisition of British software firm Autonomy.   The settlement will put an end to the woes of HP and resolve the allegations that shareholders were purposefully misled by the company’s directors. HP tried to acquire...

US-based electric car maker Tesla’s CFO Deepak Ahuja has announced his retirement later this year. Tesla will announce the replacement by the year end, according to a disclosure made in the company’s annual shareholder meeting.   Ahuja had been instrumental in the exponential growth of the company from its startup origins. He is one of the longest serving executives in Tesla, where he...

Minus to Plus: Positive marketing is Becoming a Trend Do the brands know the secret of happiness? The main thing, according to large-scale campaign of Coca-Cola, McDonald's and Dove, is that they are looking for it. Major advertisers are trying to make the world a more welcoming and happy place. Marketers are looking for ways to combat the negativity on the Internet and try to raise people’s...

After a slew of job cuts in the manufacturing industry, it is the turn of the banking industry to cut jobs.   UK-based HSBC, which has been mired in money laundering scandal, is the latest bank to cut around 8,000 jobs in the UK market. The bank announced that the move is aimed to reduce cost as well as simplify its business practices. The move will affect both retail banking as well as...

In March 2015, 2.8 million Americans wrote a letter of resignation on their own, although they had not been expelled. A survey of the US unemployment shows that a small yet growing part of the people are leaving jobs on their own. The research company Harris interviewed 1553 unemployed people in April. Approximately one in five said that he wrote a letter of resignation. Their determination was...

Yahoo plans to focus on its search business again. The technolcgy company will shut down its maps page as well as many other axillary sites.   The company has announced that it will continue to leverage its expertise in the search business, communication tools and content. The Maps page will be shut down by the end of this month while some other sites including Yahoo Music in Canada and...

G&K Services Inc., the well known business catering to the uniform and services facility sector is ready to show its line of products at the 2015 ASSE Expo. Environmentally conscious practices and strong focus on safety standards is what sets G&K apart from the rest. G&K Services, Inc. is a market leader in providing of facility and uniforms services programs. G&K is known for its...

Nomad Holdings Limited has acquired European frozen food manufacturer Iglo Food Holdings for 2.6 billion euros.   The transaction has resulted in Nomad becoming an exclusive food marketing company under the new name of Nomad Food Limited. The company made the deal in a combination of cash and private placements of about $795 million to institutional investors, equity and the early use of...