FirstEnergy’s ailing units file for bankruptcy
Ohio-based FirstEnergy Corp’s (FE) debt-ridden subsidiaries have filed for Chapter 11 bankruptcy. The power generator made this announcement just days…
Zuckerberg dismisses Tim Cook’s privacy dig as ‘ridiculous’
When Facebook’s popularity took a beating from the recent data breach allegations, some of the fiercest criticisms came from the…
Tit-for-tat response from Beijing sets the stage for full-blown trade war
Though it was widely expected, China’s decision to impose trade tariffs on US products has triggered concerns that the international…
Walmart’s potential deal with insurer Humana
Amazon’s (AMZN) foray into the healthcare sector has been considered as a disruptive threat by healthcare companies. There is no…
Fresh legal hits to Google not a good sign
Last week, Google was hit by a twist in its ongoing case with Oracle (ORCL) over the use of Java…
Alibaba digests Chinese food delivery platform Ele.me
Marking yet another huge deal, Alibaba Group (BABA) said it would take over food delivery app Ele.me for an estimated…
Sprint’s investment plans make it a stock to watch
The fourth-largest mobile network operator in the country, Sprint Corp (S), hit an all-time low of $4.81 on Wednesday, as…
On cloud nine: Tech firms thrive on the latest fad in corporate computing
Only a few technologies were so widely adopted by the business world as it did in the case of cloud…