Company News

Samsung Extends Warranty Period of its Galaxy Smart Phones

As per anew report, Samsung is now extending the warranties of its devices after a negative report by the Chinese state media. Earlier, Samsung was criticized for a `sudden death' found in its smart phones like Galaxy S III and Note II.

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Blackberry Resumes a Phased Roll-Out of its BBM Messaging App

After September's messed up launch, Blackberry has restarted its BBM messaging app for Android and Apple devices.

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Surge in Assets’ Sale lures Blackstone Group

According to new report, Blackstone Group LP (BX) had raised more than $4 billion in the year 2009. The group raised the money to buy European property assets, which they predicted that the cash-strapped banks would be forced to sell due to the rise in debt crisis.

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Twitter appoints Goldman Sachs for IPO

Leading microblogging service, Twitter Inc has reportedly appointed Goldman Sachs Group for managing its proposed initial public offering.

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San Diego Gas & Electric wants customers to pay $808 million

Power utility, San Diego Gas & Electric Co. has asked the California Public Utilities Commission for permission to recover $808 million that it invested in replacing steam generators for the now-mothballed San Onofre Nuclear Generating Station, from the customers.

Zurich Insurance Group Chairman Resigns After Finance Chief Suicide

Zurich Insurance Chairman Josef Ackermann has resigned three days after the suicide of chief financial officer Pierre Wauthier. The company has informed that the resignation has been accepted. Earlier, Josef Ackermann has served as head of Deutsche Bank.

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Getzner Makes Its Base in Charlotte for U.S. Operations

The Charlotte Chamber has announced the new arrival of an international manufacturer Getzner Werkstoffe GmbH in the market.

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Statoil to Reduce Stakes in Different Oilfields

It has been revealed that Statoil, Norway's state-controlled oil company, is going to reduce its stakes in different oilfields.

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