Salesforce announced walking out of the deal to buyout social network Twitter last week. The news led to 5 percent decline in Twitter stock and 5% jump in the stock price of Salesforce on Friday. Twitter has been losing its market valuation over the past several months as the company has been witnessing stagnation in number of users on its network.
According to a report based on a survey carried out by research firm Frank N. Magid Associates, the popularity of Facebook social network among US teenagers has again witnessed a plunge.
Going by the statistics shared in the report, there was an 88 percent fall in the use of Facebook by US teens aged between 13 and 17 years in 2014.
Carl Icahn, the billionaire investor who has sizable stake in many companies, mentioned that he is not aware of any investigation that involves him and Phil Mickelson the golfer, in relation to trades concerning Clorox Co. and Dean Foods Co. He called a report that was published by the Wall Street Journal, “completely irresponsible.”
Intel has awarded eight Indian students as the winners at International Science and Engineering Fair. However, first prize was given to Nathan Han, a 15-year-old Boston native for developing a machine learning software tool capable of studying mutations of a gene associated with breast cancer. The programme was held to kindle interest of youth in science and its brilliant implications.
Ignition problems in the General Motors cars that supposedly have resulted in 12 deaths and 30 accidents have led to recall of more than 824,000 cars by General Motors. Last month, the company sent out a note to recall 1.6 million cars with industry analysts questioning the delay in recalling the vehicles when the company knew about the defect way back in 2001 itself.
The failure of discussions between the labour union and the management of Toyota Kirloskar over wage concerns has led to the lockdown of two Toyota manufacturing plants in Bangalore. For the last 25 days, production work at two manufacturing units, with the combined production capacity of 3,10,000 units has come to a standstill.
The competition between Google and Microsoft, two giants in the IT industry, seems to be heating up with each one keen on establishing their supremacy in the smartphones sector. This can be deduced from the fact that Microsoft is creating a version of Microsoft Windows that can be used by tablet and smartphone users free of charge.