Business

Jeff Bezos becomes World’s Second Richest Person

Amazon founder Jeff Bezos has become the world’s second richest person as his online retailing venture has gained tremendously in stock market valuation in the recent months.

Amazon announces future plans for loss making Quidsi unit

Online retailer Amazon has announced massive layoffs and other spending cuts at Quidsi, the parent company of diapers.com and other online ventures.

Tesla Files Lawsuit Against Autopilot Team Leader Sterling Anderson for Stealing Secrets

Tesla Motors has filed a lawsuit against Sterling Anderson, the leader of autopilot team at the company for stealing secrets.

IDC reports 14.7% year-on-year drop in global tablet shipments in 2016 Q3

Research firm International Data Corporation (IDC) released its latest report on Monday, revealing that the 2016 third quarter market another rough quarter for the tablet market, thanks to a plunge

New Heart Failure Drug Marketing Costs to Alleviate Novartis’ 2016 Profit

Novartis revealed on Tuesday that the company is boosting its expenditure on marketing a new heart failure drug called Entresto subsequent to disappointing initial sales of the medicine. This increase in expenditure might have a dampening impact on the profit of Novartis in 2016.

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