company

Google Employees Stage Protests Across Multiple Offices Against Company's $1.2B Israel Contract

The activists criticized the company for its contract with the Israeli government, accusing it of contributing to what they perceive as a genocide amid Israel's bombing campaign in Gaza.

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Intel Discloses $7 Billion Operating Loss in Foundry Business; Company Shares Plummet

Despite generating $18.9 billion in sales, Intel's foundry business experienced a widening operating loss compared to the $5.2 billion loss in 2022.

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prison

US Prisoners Engaged in Labor Duties Tied to Well-Known Food Companies; Are They Forced to Work?

Inmates are part of a covert workforce in the US that is associated with several famous food firms.

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Amazon Layoffs: More Than 180 Employees in Games Division Axed

Amazon Layoffs: More Than 180 Employees in Games Division Axed

Amazon has cut more than 180 jobs in its Amazon Games division as part of reshaping its presence in the gaming industry.

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China’s Chipmaker SMIC Raises 2023 Annual Budget to $7.5 Billion as It Rushes to Buy Semiconductor Tools Amid US Sanctions

China’s Chipmaker SMIC Raises 2023 Annual Budget to $7.5 Billion as It Rushes to Buy Semiconductor Tools Amid US Sanctions

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.

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Illinois Company Asks Regulatory OK in FairPoint Merger

Illinois Company is asking for regulatory approval in FairPoint Merger.

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K.K.R. Enters Cybersecurity Deal; Extends Company Flurry Activities

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.

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Alibaba and Ant Financial Invests $1.25 Billion in Chinese Food Delivery Service Ele.me

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.

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Microsoft Became The First Major U.S. Tech Company to Endorse Privacy Protection Pact With the EU

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.

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Alibaba’s Alipay Will Launch European Expansion This Summer

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.

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Fiat Chrysler to Lay Off 1,300 Workers in Michigan, Investing More on Light Truck Productions

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.

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China’s Anbang Acquired Allianz’s South Korea Operations After Dropping Its Bid for Starwood Hotels

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.

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Samsung Taking Over India’s Smartphone Market With New Features, Outpacing Apple

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.

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TerraForm Sued Parent Company SunEdison for Diverting $231 Million Projects Money to Its Own Balance Sheet

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.

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Panama Papers: Argentina President Mauricio Macri Denied Wrongdoings in Connection to the Offshore Company Linked to Him

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.

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