Just a few weeks after the Justice Department file a lawsuit seeking to block AT&T Inc. (NYSE:T) from purchasing Time Warner Inc (NYSE:TWX), both sides have made their final submission hence casting the ball in Judge Richard Leon’s court. The purchase deal is worth $85 billion. In the post-trial comments,...
Centurylink Inc (NYSE:CTL) has launched a plan to lay off hundreds of workers and the plan is expected to go on for several coming weeks. The plan is part of the company’s reorganization program to adapt to new technology following its merger with Level 3 Communications last year. The company,...
Comcast Corporation (NASDAQ:CMCSA) has a launched a hostile bid to have a portion of 21st Century Fox assets. The move by Comcast Corporation may complicate matters for Walt Disney Co (NYSE:DIS) which is seeking to purchase a big portion of Fox from Rupert Murdoch. According to sources close to...
Hologic, Inc. (NASDAQ:HOLX) has announced that it has been issued with a medical device license by Health Canada that will allow the company to market SculpSure, Cynosure's advanced non-invasive body contouring product. SculpSure is used in the treatment of inner, outer and back thighs as well as submental area. As...
Hollywood star Kurt Russell has revealed an abandon plan that was drafted by Walt Disney and which envisioned the establishment of a residential district, built under a big climate-controlled dome in Orlando, Florida. The plan about the residential district, which was supposed to sit on between 50 to 75 acres...
The Chief Executive Officer and Founder of Amazon.com, Inc. (NASDAQ:AMZN) Mr. Jeff Bezos draws the attention of his executives by directly forwarding an email received from the customer with a single “?” mark along with a note. According to Mr. Jeff Bezos, the question mark stands for “why is this...
The co-founder of Zynga Inc (NASDAQ:ZNGA), Mr. Marc Pincus announces the elimination of super-voting rights of his stock. The overall voting rights in the games maker will be reduced to mere 10% from 70%. This makes the company as an ideal candidate for potential takeover. In a surprise move, Mr....
Intel Corporation (NASDAQ:INTC) is reportedly working on to address the recently detected security flaws in the modern processors. The company has not directly acknowledged the vulnerabilities reported in the C’T Magazine. It says a lot of additional vulnerabilities exists and working actively to release the patches. Leslie Culbertson of Intel...
Sprint Corp (NYSE:S) and T-Mobile US Inc (NASDAQ:TMUS) are trying their luck to combine after their failed merger four years ago. The merger plan is to create a large conglomerate and rival other wireless providers like AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:V). Following the merger, both the firms...
According to the recent tussle regarding the privacy issues, it is confirmed that a certain number of employees and security team at Facebook, Inc. (NASDAQ:FB) has access to the profiles of the users without their consent. The employees have a master access to the general users. The company says...