Ferrari priced on Tuesday its initial public offering at $52 giving the high-end car manufacturer a market capitalization of about $9.8 billion.
Regions
GM Pre-Tax Profit Higher than Expected
General Motors pre-tax profit for the third quarter has increased by 37 percent or $3.1 billion thanks to a strong truck and SUV sales in North America and improved performance in China.
Volkswagen deals with multiple lawsuits, costing billions of euros
Numerous possible class-action proceeding have been filed in Michigan against the German automaker Volkswagen due to emission scandals. US regulators are coming up with more questions of the car behemoth.
Angry Birds maker Rovio Entertainment to cut 213 of workforce mostly in Finland
Rovio Entertainment, the maker of Angry Birds, announced it will reduce a third of its jobs mostly in Finland. The Finnish gaming company, Rovio Entertainment, had concluded from negotiations between employees on August 26. Rovio had deliberated it will cut 213 jobs.
Starbucks and Fiat are required to pay back millions in taxes to Dutch and Luxembourg Government
The European Union Commission agreed that Starbucks Corp and Fiat Chrysler Automobiles NV is currently benefiting from illegal tax deals with the government. The decision came yesterday after the hearing organized by the European Parliament.
Latest News
Right after defeating his rivals, Canada's new Prime Minister is immediately under heavy pressure to perform and deliver on his promises, especially on climate change, legalizing marijuana, and fighting terrorism.
The Finnish telecom network equipment maker Nokia's acquisition plan for French rival Alcatel-Lucent has received the conditional clearance from the Chinese government. The China's Ministry of Commerce has approved it with some conditions on the Euro15.6billion ($17.6bn) deal's antitrust process.
The anti-reflective display coating of some Retina MacBook Pro owners easily wear off and get scratched. This problem has sparked complaints among users and has made its way into Social Media and the Apple Support Communication. This problem has been called the "Staingate" issue. To handle the situation, Apple came up with a new Quality Program that would address the problem.
Google Inc offers free apps for work business that are currently locked into agreements with other office software vendors. The free apps will make it easier and cheaper for big companies to walk away from Microsoft Office.
There were reports from Apple's iPhone users getting frustrated with data overage charges that have been caused by activating the Wi-Fi Assist feature. It has caused higher phone bills to subscribers.
Google has released a new generation of Android phablet for 2015, The Nexus 6P. Made by Huawei, Nexus 6P offers slimmer and sleeker design, yet lower at price compared to Nexus 6.
Adidas will open Speedfactory in Germany and in the U.S. The Speedfactory will boost the manufacturing process of Adidas shoes through the automated technology. The two factories will be fully integrated by the year 2020.
China's economy grows at its slowest pace in more than six years in the third quarter. Gross domestic product between July and September expanded 6.9% from a year ago, its weakest since the first quarter of 2009. While that is better than the forecasted 6.7% growth, it is lower than the 7% recorded in the first two quarters.
Sony Pictures Entertainment has agreed for an $8 million settlement with the company's former and current employee after its data was stolen in a cyber attack launched by North Korea. During the breach, information of its employees was stolen resulting in a mounting of lawsuits from each employee involved.
