Daily Management Review
Business & Finance

Xerox refuses intention to buy HP

The American corporation Xerox abandoned the idea of acquiring HP amid the economic consequences of the coronavirus pandemic, CNBC reported with reference to the statement of the corporation. "The current global health crisis and the ensuing macroeconomic and market turmoil caused by COVID-19 have...

Marriott data leak exposes over 5M clients

Marriott International, the hotel chain’s managing company of the same name, reported a leak of data of about 5.2 million customers. Access to the information of guests was possible through the application, which is used by the hotel chain to provide services to guests. The leak could have happened...

OneWeb goes bankrupt

OneWeb, which is creating the eponymous global satellite Internet system, has filed for bankruptcy. It was planned that the company would place 650 satellites in low Earth orbit, with 74 vehicles already launched. OneWeb, along with SpaceX, was one of two companies that began creating global...

Volkswagen Could Cut Jobs If Pandemic Persist, Burning $2.2 Billion A Week

The largest auto maker of the world Volkswagen has said that it is burning out about 2 billion euros ($2.2 billion) a week and the German auto group’s Chief Executive Herbert Diess told German TV channel ZDF that if the coronavirus pandemic is not brought under control soon enough, it might need to...

Facebook announces jump in use of services, revenue growth not expected

Facebook Inc. warned that the spread of coronavirus is negatively affecting its business, despite an unprecedented increase in the use of company services. The number of messages sent via Facebook services in the countries most seriously affected by coronavirus soared by 50%, while sending video...

Airplane Manufacturers And Suppliers Hit Hard By Coronavirus

While the European plane maker Airbus only partial restarted production after a four-day shutdown even as suppliers cut jobs, its rival United States plane maker Boeing said that it would temporarily stop production of most widebody jets as the coronavirus pandemic hits the global aerospace...

SoftBank to sell its stake in Alibaba for $14B

Japanese SoftBank Group plans to sell its stake in the Chinese e-commerce giant Alibaba Group for about $ 14 billion, Bloomberg reports citing sources familiar with the Japanese company’s plans. The Japanese corporation can gain from $ 12 billion to $ 15 billion for a stake in Alibaba, the agency...

Apple's market cap falls below $1 trillion

On Monday, market cap of Apple Inc. fell below $ 1 trillion; Microsoft Corp. remains the only American company with a market value above this mark. Apple Inc. shares became cheaper by 2.1%, reaching $ 224.37, at the end of the day. The US stock market closed the next session with a decrease...

Amazon’s Sale Benefit Amid Coronavirus Outbreak, Warehouse Workers Receive Pay Hike

Within a week’s time Amazon raised the pay roll’s margin twice for its warehouse workers. In an attempt to meet the growing demand for online shopping as more and more people stuck at home due to coronavirus breakdown opt to shop online, Amazon.com Inc has announced that the company will be...

Increased Demand From Chips, Laptops And Network Goods As Employees Work Form Home

There is a surge for laptops and network peripherals as well as components because of more and more employees staying back home and working from home in order to slow down the spread of the coronavirus pandemic. This has inevitably also increased demand for supply china products such as chips....
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