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...

China's government alleged P&G's Crest for misleading commercials, which overemphasized the impact of using toothpaste. China fined Procter & Gamble Co's Crest about $1 million claiming for false advertising. It is alleged that the commercial used a digital software to overplay the impact of its toothpaste. According to The Shanghai Municipal Administration of Industry and Commerce, the...

UK announced in 2015 budget for establishment of a vast marine area The United Kingdom is making the biggest marine reserve worldwide in South Pacific Ocean. This exceptional reserve will cover the area of nearly cover 322,000 square miles around the isolated Pitcairn Islands, a British ultramarine territory that is habitat of nearly 1,249 kinds of fishes, birds, and marine creatures and also...

Japanese large companies declared an increase in base wages. Shinzo Abe, Prime Minister of Japan has been persistently putting strong pressures on nationwide businesses to increase wages, very critical yet missing part of Japan’s economic growth strategy. As a result of aggressive intervention by the prime minister, Japan’s leading companies announced their plans for a major pay hike in the...

Gaming consoles and games developer Nintendo in Japan made the first move in favor of the release of gaming applications for mobile devices. Game for smartphones and tablets will be developed with world-renowned characters: Mario, Pokemon, gorilla Donkey Kong and others. The company has signed a contract with a publisher DeNA. The transaction involves the launch of a new gaming platform. Satoru...