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Chesapeake Energy Laid off workers, oil price as main reason

Oklahoma-based energy company, Chesapeake Energy Corp said it had laid off about 15 percent of its employees and citing the low oil price and gas as the main reason for the move. The second-largest natural gas company in the U.S had laid off 740 workers on Tuesday so far.


Alibaba Group Holding stock drops for 4 months now

Chinese e-Commerce major Alibaba Group Holding's stock (NYSE: BABA) continued to ease on Wall Street for the fourth consecutive month following the reduction in revenue forecast for the next quarter of the year. Alibaba shares fell 13 percent in September and this continuous skid since May brought down the market value to $75billion. The economy sluggishness is impacting the e-commerce sales. Of late, Alibaba Group is facing cut-throat competition in online sales. Analysts hold the view that lot of uncertainty in store for Alibaba Group in the days to come.

Volkswagen to fix deceptive engine software in October

The leading global auto major Volkswagen, which is reeling under pressure owing to emission tests rigging scandal, has assured that it would replace the deceptive engine software that manipulates results from emission tests. It's estimated that about 11million vehicles sold across the world have been fitted with manipulative engine software. The German automobile company will start informing the owners of 11mn vehicles. It's found that these vehicles emit harmful pollutants 40 times higher than the US environment standards. However, Volkswagen didn't elaborate on the exact time of completion of the process or any compensation to vehicle owners. Volkswagen will submit a plan on technical solutions to regulators and environmental authorities for approval in October.

ComScore to buy Rentrak for $771mn

ComScore Inc, a data analytics provider and a major player in web tracking, will acquire Rentrak Corp for an implied value of $771 in all stock deal. Rentrak offers viewership rating services. As part of the buying deal, every share of Rentrak will be converted into 1.15 shares of ComScore. After the buying process, Rentrak will become a wholly-owned subsidiary of ComScore. The combined entity is expected to become a major measurement system for media and advertisement agencies. The buyout deal is expected to close in early 2016. The combined entity will get cost benefit of $55mn over the next two years.


Latest News

The trailer for the upcoming culinary film "Burnt" shows a struggling Bradley Cooper as he paves his way into the culinary world. The actor has also shared how much he had learned about cooking, thanks to the movie.
The NVIDIA Shield Tablet 2 will follow its predecessor this year with the Tegra X1 processor. NVIDIA has been quite successful with its portable gaming device.
A leaked photo of the alleged Roku 4 has been circulating around the Internet after someone spotted the FCC filing of the set-top-box.
Apple iOS 9 update has come up with issues like app usage which abnormally reverts the users selection. Additionally, iOS 9.0.2 update is expected to be unveiled in order to solve the issues.
Naughty Dog has shown great success with Uncharted 4. In the same manner, The Last of Us has taken them to the top years ago. The question has not changed for the longest time: will there be The Last of Us 2?
The latest Operating System Android 6.0 Marshmallow has finally announced today. It will be released other with the line of Nexus smartphones first, but it’s still uncertain if when it will hit the smartphones from Sony Xperia Z, HTC, and Samsung.
Metal Gear Solid 5: The Phantom Pain gamers have discovered a glitch allowing them to access and explore an area in the map that is supposedly inaccessible. A step by step guide on how to get the access of secret location has also been shared online.
the Hunger Games: Mockingjay Part 2 topped a survey regarding the most anticipated film this fall. New photos and trailer was also released for the film providing ideas of what to expect in the upcoming film as it nears its release.
Kim Kardashian has been breaking the fashion industry with her amazing style and looks; however, the 34-year-old celebrity admits she has her husband Kanye West to thank for. Opening up in an interview, the 'Keeping Up With The Kardashians' star admitted she thought she knew it all when it came to fashion, until she met Kanye, and everything changed..
The Electronic analyst, Pan Jiutang, has stated that the most awaited flagship Xiaomi Mi5 could be released in December that’s only if Qualcomm delivers the chip in time. The device will reportedly run on Android 5.1.1 along with powerful features.
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