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...

Sotheby’s is to auction 239 lots directly from the cellars of this great Bordeaux First Growth in New York on 17th October. The auction house estimates that esch of the bottles should go at least for $3,000 to $4,000 each. Spanning the 1900 to 2010 vintages, the auction house will present 239...

Dragged lower by rising oil prices and a downgrade by Credit Suisse, the stock prices of European airline fell sharply on Wednesday.   Credit Suisse cut the European airline’s stance from ‘overweight’ to ‘benchmark’.    “We can see the close correlation between airlines and...

Allegations that flight paths of unmanned aerial systems or drones are endangering the safety of airspace, the U.S. FAA announced the largest civil penalty ever proposed against a drone operator on Tuesday.   The allegation that formed the basis of the historic penalty stated that the SkyPan...

Media reports say that Google, now morphed into a holding company Alphabet Inc, wants to extend their chat facilities and is in talks with messaging startup Symphony Communication Services LLC for a round of fundraising.   All the digital communications of financial firms, corporate...

In what is being claimed to be the largest corporate settlement of its kind in U.S. history, BP Plc has been levied a fine of more than $20 billion to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago.   This was informed by U.S. Attorney General Loretta...