Game publisher Electronic Arts has sent a press release on its recent changes to the multiplayer economy in its top-selling game series, FIFA Ultimate Team (FUT). The company introduced FUT cards with different price ranges this month and provided a maximum and minimum price range for each card to be sold. The players of the game backlashed on the online media noting that this move has made...

The deal between Kraft and Heinz creates the fifth largest food giant in the world. The two major food packaging companies, Kraft and Heinz are merging to form one of biggest food and beverages company worldwide. This deal was arranged by Warren Buffet and 3G Capital Partners. However, the companies have not yet revealed the amount of the deal. The merged entity will be named Kraft Heinz Co....

Japan’s economy, shaking at the edge of deflation is staggered by low domestic demand, an aging population, and rising inflation. Japan’s prime Minister, Shinzo Abe has been in highlights due to his implementation of strong and bold policies to deal with the nation’s economic difficulties. Japan’s sluggish growth in the fourth quarter 2014 was far below the expectations. This signals that the...

The German company Adidas announced plans aimed to rapid return of the production capacity from Asia to Europe, according to Reuters. The company aims to move its clothes production closer to customers: options with the opening production plants in the store so that customers can personalize your purchase are being discussed. Adidas has been giving ground to the main competitor - American Nike -...

American electronics retail chain Radioshack has auctioned its customer information data as part of its bankruptcy procedure. The company, which filed Chapter 11 for bankruptcy protection this year, has been in steady financial decline for the past several years. Though the company is not worth enough for other potential bidders to take stock of its situation and buy it, the data list is surely...

Spanish multi-national telecom conglomerate Telefonica has announced that it reached a deal to sell British cellphone operator O2 to Hutchison Whampoa Ltd. of Hong Kong. The company said the arrangement with Hutchison is that it would pay £9.25 billion ($13.83 billion) in cash, and as much as £1 billion later if the combination of O2 with Three, Hutchison’s existing British carrier, meets...

Now when HTC is set to establish itself as the maker of smart devices, it is highly sensible to redefine its leadership too. The struggling Taiwanese smartphones manufacturer, HTC has shaken up its executive suite. HTC’s board of directors positioned the co-founder of the company, Cher Wang as its new CEO with immediate effects on 20 March 2015. The chairwoman Cher Wang replaces Peter Chou, who...

Facebook is in talks with The New York Times, BuzzFeed and National Geographic, and a number of other media, about posting their content straight on the pages of the social network. If negotiations are completed successfully, then Facebook users will be able to read articles and news media without leaving Facebook. According to unofficial data obtained NYT.com , the author of the idea was Chris...

China National Chemical Corp. agreed to buy a stake in the Italian tire manufacturer Pirelli, one of the largest shareholders of which is Rosneft, an integrated oil company majority owned by the Government of Russia. Pirelli was valued at € 7,1 Bln. Rosneft, the largest shareholder of the Italian tire company Pirelli, agreed to change the ownership structure of the company, which will lead to the...