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China slaps fine on Microsoft's Chinese JV over Xbox
The China's Commerce Ministry has slapped a fine on a joint venture (JV) between Microsoft Corporation and its Chinese partner BesTV in Xbox game console venture for breaking antitrust laws. However, the Redmond-based global IT major has escaped from a major penalty as the investigation didn't find any major fault on the part of Microsoft over market competition rules. The investigation on Xbox marketing drive revealed that Microsoft didn't obstruct the free market competition. The Chinese Commerce Ministry has imposed a penalty of Yuan 200,000 ($31,430) on Microsoft JV firm in China.
Lumia 950 and 950 XL Specs, Price, Release: Device To Be Rolled Out In Windows 10 This October
Microsoft's Lumia 950 and 950 XL will be released on October 6. The devices will run in the latest Windows OS and will be sold in affordable prices.
Paul Walker's Daughter Meadow sues Porsche for her father's death: 'Safety features' would have 'allowed the actor to survive the crash'
Paul Walker's daughter, Meadow Walker, is suing Porsche due to lack of safety features' that would have allowed her father to survive the crash.
Nike, Under Armour top racers on Wall Street
Shrugging from the recent market crash, Nike and Under Armour stocks have emerged as major gainers on the Wall Street. Though these two companies are battle to capture higher market share in sportswear and star endorsements, but the athletic apparel makers are racing ahead in improving their financial performance.