VENTURE CAPITAL POST

The billionaire and activist investor, Carl Icahn announced that he is trying to lobby the congress to pass a new tax reform law that will not allow any US corporation from running business overseas just to avoid taxes. According to Icahn, he is planning to put forward $150 million into the new law known as super-PAC.

Apple Inc. confirmed today that its company had acquired a startup technology company call Perceptio. The detail of the acquisition is not made public as told by Apple spokesman to Bloomberg.

Apple Inc. is preparing the electric car code-named Titan to be shipped in 2019. In fact, the company had already hired 1800 experts to its development team. According to the Wall Street Journal, the Project Titan had been tripled its team to 1800 members by now. Apple is pushing the project as it targets 2019 for the shipment of the electric car. The report said the company has no plans to make the car fully autonomous on its initial launch, though the driverless car is still part of the plan.

Taiwan's Hon Hai Precision Industry Co has offered bid to acquire the LCD business of Sharp Corporation. However, the bidding details were not revealed. Without confirming on its plans to offload LCD business or received any bid offer, Sharp Corp continues to explore several options for reviving the trouble-prone liquid panel display business. Sharp has also asked Apple Inc for funding support. Sharp Corp has sought a $1.9-billion revival package from the banks and decided to slash 5,000 jobs as part of the cost-cutting measures. The intense competition in LCD screens for smartphones from Asian companies is taking a toll on Sharp Corp's business.

The federal court ordered Samsung to halt older version of its smartphones for breaching Apple's patent. It was found that Samsung was guilty of copyright infringement filed by Apple. But the features included in the case were no longer used by Samsung.

In a wireless world full of competition, it leaves Sprint with no choice but to think of a smart strategy to outwit others. So far, Sprint has the best deal compared with other carriers, but who knows what will happen next with the price war still looming around.

Apple Inc is reportedly moving into the original programming business to compete with Netflix and other video streaming companies.

Inditex, owner of the well-known European fashion retail brand Zara earned a place in the 100 billion club while its co-founder Amancio Ortega becomes the second wealthiest man in the world. What's the secret behind Zara?

Electronics giant Sony Corp's sophisticated image sensors are being used by top smartphone makers Apple Inc and Samsung Electronics to build their products. The image sensors has turned out to be Sony's top-selling product, giving a boost to the company's ailing financial health.

Apple Inc said it was driving vehicles around the world to collect data that will be used to improve Apple Maps. The company has given driving locations on its website for June 15-30 which include Ireland, England and several cites in the United States.

Amazon’s decision to change its tax-efficient European business structure could raise its tax bill by as much as $100 million a year but authorities will have to fight for additional money and any payments will be hidden from public view.

As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday.

Apple Inc had scrapped plans of introducing an ultra-high-definition television set more than a year ago, Wall Street Journal said citing sources familiar with the matter.

Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals.

Fiat Chrysler Chief Executive Sergio Marchionne said on Saturday that he had visited the heads of Tesla Motors Inc and Apple Inc during a recent trip to California.