Hyundai Motor Group said on Friday it has formed a new mobility division to launch more service models and named an outsider as its chief following his tenure with global tech giants such as Apple Inc and Microsoft . Song Chang-hyeon will lead the newly established Transportation-as-a-Service (TaaS) division,...
1.Facebook: –Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc (NASDAQ:FB), after a dataset reported to contain personal data relating to some 533 million Facebook users worldwide was made public. Facebook said in a blog post last week that “malicious actors” had...
1.Google: –The judge hearing the Texas antitrust lawsuit against Alphabet (NASDAQ:GOOGL) Inc’s Google put limits on what the search giant’s in-house lawyers can see in an order aimed at ensuring that confidential information used in an upcoming trial remains secure. The issue is a key one for companies that...
1.JPMorgan: –JPMorgan (NYSE:JPM) reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations. JPMorgan announced earnings per share of $4.5 on revenue of $33.12B. Analysts polled by Investing.com anticipated EPS of $3.06 on revenue of $30.46B. JPMorgan shares are up 21% from the beginning...
SAP AG UP 4.09% AT 116.27 In Q1, SAP (NYSE: SAP) achieved its highest order entry growth across cloud and software in five years. The company expects €6.35B versus the €6.3B consensus and EPS of €0.88 IFRS or €1.40 non-IFRS. The EPS figures are up 29% and 63% on...
1.JPMorgan: –Investment bank JPMorgan(NYSE:JPM) recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot from the start of the year when it was backing them to have a good run. After forecasts of a strong run for emerging currencies at the start of the year, many big banks...
1.Uber Technologies Inc: –They said U.S. drivers on their ride-hail platforms should take advantage of pay hikes as trip demand temporarily outstrips driver supply, but warned the windfall will not last. Uber (NYSE:UBER)’s Vice President of U.S. & Canada Mobility, Dennis Cinelli, in a blog post told drivers to...
1.KKR :-Box Inc said on Thursday private equity giant KKR & Co Inc would lead a $500 million investment in the company and get a board seat, marking an end to the cloud services provider’s strategic review. The KKR-led investment will be executed through convertible preferred stock and comes...
1.FACEBOOK :-The Federal Trade Commission and a big group of U.S. states asked a federal court on Wednesday to deny Facebook Inc)’s request to dismiss major antitrust lawsuits filed against the social media giant in December. The FTC, in its filing, said Facebook bought the photo-sharing app Instagram because...
1.BYTE DANCE –An Indian court on Tuesday dealt a blow to China’s ByteDance by dismissing its plea to unblock its bank accounts which have been frozen by federal authorities investigating alleged tax evasion. An Indian tax intelligence agency in mid-March ordered HSBC and Citibank in Mumbai to freeze accounts...