From now on, Scotland Yard would no longer refer only to the once most elite police force of the world. The name would be used to signify a new brand of luxury hotels, the first of which is to be housed in the original home of London’s Metropolitan Police Service which policed most of the city in...

While its bane for one its boon for the other. Cisco investors breathed a sigh of relief after it managed to strike a deal and sell off its TV set-top business to Paris-based Technicolor for $600 million.   Form the point of view of Cisco investors, this was seen as the biggest mistake...

Despite increasing competition faced by the likes of Jet.com, Amazon’s quarterly profit has caught many off-guard; the price of its share has zoomed to $566.02. With the world’s largest online retailer posting a surprise quarterly profit, Amazon’s shares surged more than 17% pushing its market...

With China close on heels of the US economy to become the largest in the world, corporate of the two countries are fighting the battle on the ground. In a recent development China’s Alibaba Group is all set to provide tough competition to Amazon Web Services that  entered China in early...

At a time when the company is bogged down by declining sale figures, McDonald’s plan to add McMuffins and pancakes to its breakfast menu. This is seen as one of the efforts of the largest fast food chain of the world to spruce up its bottom line sale and gain competitive advantage. The...

Pearson confirmed their intention to sell the business newspaper Financial Times (FT). This is stated in the official statement of the publishing house. - Pearson confirms that they are in the process of negotiations on the possible sale of the FT Group, although at the moment there is no certainty...

It Would Provide Inroads into the Largest E-Commerce Market in the World Following announcement of the departure of the cofounders of Chinese e-tailer Yihaodian, Wal-Mart is reported to have taken complete control of company. Wal-Mart owned 51 percent of the company shares. Wal-Mart had been...

Anthem is set to acquire Cigna Inc, subject to ironing out of a few details as well as antitrust scrutiny. Anthem, a leading U.S based health insurer, has announced that it is close to finalizing a deal wherein it will acquire Cigna Inc, its peer. The $48 billion deal could be sealed as early as...

  Exploring a different vertical, Sony Corp. announced their intention to enter the global market for unmanned aircrafts – drones. The company has formed a new company named Aerosense in a joint venture with Tokyo startup ZMP Inc.   Tokyo startup ZMP Inc. specializes in autopilot...