Wal-Mart’s hope for increasing market share in China has suffered a huge blow after the departure of a major local partner for its traditional brick-and-mortar stores. The reason being rumored around in the business parlance is reflection on the rapid changes in the traditional retailing market...

Dell is in talks to buy a top player in the storage market: this is EMC, which presumably can go for $ 50 billion, according to Wall Street Journal, citing informed sources. The deal will be the largest in the high-tech industry would allow Dell to become the leading provider of data storage...

A “death ray” for drones in the UK can now knock an unmanned aerial vehicle out of the sky by turning it off in midair up to a mile away. The ray has been developed by a team of British technology firm.    “If I can see it, I can kill it,” said Rick Sondag, executive vice-president of...

Ford is planning to resort to research in robot communications technology in order to keep its cars connected to the internet - and each other.   To ensure that navigation, internet and automated driving services remain active in tunnels and among skyscrapers the company is researching a...

Packaging Corporation of America announces a conference wherein the third quarter’s earnings’ details will be scrutinised. Lake Forest – 07 October 2015 – The third quarter’s earnings results of 2015 will be discussed by the “Packaging Corporation of America”, whereby the company is scheduled to...

Relativity Television is to be acquired by the Investor Group which consists of three firms. The group still awaits court’s confirmation. New York – 07 October 2015 – In a collective announcement made by an investor group on the 4th of October 2015, the “winning bidder for the Relativity Television...

Sony could consider other options for the smartphone unit if it failed to turn profitable next year.   Chief executive of Sony Corp said that identified 2016 as a make-or-break year for its struggling smartphones.   With recent results showing improvement thanks to cost cuts, an exit...

According to the television channel ABC News, US authorities demanded from the Japanese Toyota Corporation explanations on the fact that the militants of the terrorist group ISIS in Iraq, Syria and Libya are touring on pickups and SUVs of its production. In a statement, Toyota on this occasion...

To settle a class-action lawsuit accusing it of sending too many unsolicited emails to users, social network LinkedIn has agreed to pay $13 million to users.   LinkedIn’s “add connections” feature was the issue of the lawsuit, a feature that lets users import their personal contacts...