Inmates are part of a covert workforce in the US that is associated with several famous food firms.
Amazon has cut more than 180 jobs in its Amazon Games division as part of reshaping its presence in the gaming industry.
China's top chipmaker, Semiconductor Manufacturing International Corp (SMIC), has raised its 2023 annual budget to $7.5 billion, an 18 percent jump over 2022, amid US sanctions.
Illinois Company is asking for regulatory approval in FairPoint Merger.
On Tuesday, K.K.R. announced its acquisition of Optiv Security, a provider of cybersecurity services, adding to a list of deals over the past five months that include the purchase of the cloud-based software company Epicor and the call-center software maker Calabrio.
Ele.me secured a $1.25 billion investment from Alibaba and its finance business unit Ant Financial. China’s O2O business market are now booming as most Chinese consumers are using smartphones to do their daily activities.
Microsoft has became the first major U.S. tech company to endorse the Privacy Shield agreement between EU and the U.S. The company agreed to discuss the framework of data protection further with the EU officials soon.
Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.
Fiat Chrysler is announcing a 1,300 job cuts as a result of the company’s decision to focus on producing light trucks and SUVs. American automakers are reportedly struggling to make money on other car models, such as sedan recently.
Anbang Insurance is acquiring Allianz’s operations in South Korea after dropping its offer to buy Starwood hotels. The deal is waiting for approval from South Korea’s financial regulator.
Samsung is establishing itself as India’s number one smartphone manufacturer. The company credits strong sales for its new series of mid-tier products with new special features.
SunEdison is facing another lawsuit, this time from its subsidiary TerraForm. TerraForm accused its parent company for misallocating cash for its projects in India to SunEdison’s own balance sheet.
Panama Papers documents leak ties Argentinian President Mauricio Macri to an offshore company. In a statement in response to many accusations, President Macri revealed that he was never a stakeholder in the company, and that he was not involved in any wrongdoings in regard to that.
Marriott and Starwood are agreeing on a new deal that would total in $13.6 billion for a merger of the two groups. The merger would form the world’s largest hotel operator with 30 brands and more than 5,500 hotels worldwide.
Car insurer Admiral’s chief has decided to award every employee in his company £1,000 before he retires in May. Admiral has been seeing constant growth since 2011 and is now valued £5 billion under Mr Engelhardt’s leadership.
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