Companies & CEOs
Leighton Holdings to change name to CIMIC Group - 04/22/2015
Multi-national contractor Leighton Holdings is changing its name to CIMIC Group amidst a rebranding effort to save its tarnish image. The name change has got the approval from shareholder at the company’s annual general meeting (AGM). The new name will stand for Construction, Infrastructure, Mining and Concessions and the change was devised to reflect the core activities the company undertakes....
US Authorities Accused Apple and Google in Aiding Terrorism due to Data Encryption - 04/21/2015
Manhattan District Attorney Cyrus Vance criticized new ways of encrypting data, proposed by Apple and Google. According to him, the authorities’ restrict access to personal data of users only helps terrorists to commit new crimes. Lack of American authorities’ access to the personal data of Apple products and Google users helps terrorists. Manhattan District Attorney Cyrus Vance criticized new...
Clydesdale fined $40 million in PPI scandal - 04/21/2015
Scotland-based Clydesdale has been fined $40 million by Britain's financial ombudsman due to its involvement in the PPI scandal. The fine is the biggest ever handed out by the Financial Conduct Authority in relation to the payment protection insurance (PPI) scandal, for which banks in Britain have to set aside more than £24 billion to compensate customers. The authority has flagged off serious...
Google updates smartwatch software - 04/21/2015
US-based software giant Google has updated its Google Wear software run on Android platform to make it as agile as Apple Watch. The update will be available now in the new LG Watch Urbane and will help the smartwatches to work independently without being connected to your smartphones using Bluetooth. The users who have built-in wifi can connect to internet without using the phone and can also...
Morgan Stanley to pay $ 500 Million for Mortgage Claims - 04/20/2015
US bank Morgan Stanley is in talks with the Attorney General of New York on the payment of about $ 500 million to settle claims for mortgage-backed securities issued before the financial crisis, writes The Wall Street Journal. In February, the bank has already reached an agreement with the US authorities of such claims and paid $ 2.6 billion to the Ministry of Justice for amicable settlement....
So Far, Marillyn Hewson Tops The List Of Highest-Paid Female C.E.O.s – Although The “Race” Continues - 04/18/2015
An analysis report of U.S.A. Today declares Marillyn Hewson to be the “highest paid female” C.E.O. Although, a handful companies with female C.E.O’s haven’t yet released their proxy for this financial year. Thestrategist.com – 15 April 2015 – The Washington Post announces the “highest-paid” C.E.O. of the year among the women. The celebration of “Equal Pay Day” that took place on Tuesday, 14 April...
Instagram to Ban Bare Breast - 04/17/2015
According to Independent, the new rules prohibit publish bare buttocks, genitals, intercourse photo and "some pictures of the female breast." At the same time, pictures of breastfeeding and mastectomy scars are allowed to publish. At the time, Instagram noted that they understand people's desire to share nude photos that have "artistic or creative nature", but prohibit the publication of nudity....
Nokia to Merge with Alcatel-Lucent - 04/16/2015
Nokia and Alcatel-Lucent heads have signed a memorandum of understanding on the Finnish corporation’s purchase of French manufacturer of telecommunications equipment. The transaction, which is expected to make through the exchange of shares, is valued at 15.6 billion euros. Nokia is also considering the possibility of ‘Here’ mapping and navigation company’s alienation. According to the...
Apple Takes a Step Forward with New-Gen Cameras - 04/15/2015
Apple bought an Israeli startup, which is planned to produce LinX cameras for smartphones and tablets, what leads to the conclusion that in the near future mobile devices, such as iPhone Apple, will capture much better shots. LinX photomodules have way smaller counterparts than offered by other popular manufacturers. It is worth noting that the latest development of the company is a module that...
Microsoft replaces Lync with Skype for Business - 04/15/2015
Microsoft has replaced its office business communication tool Lync with ‘Skype for Business’. The new tool was rolled out publicly today as part of the company’s Office update. It is also updated for Office 365 customers who use Lync Online. The new tool was unveiled a week ago as part of Microsoft’s technical preview of the new Office. The transition from Lync to Skype for Business will happen...
