Company News

Volkswagen Says Latest Emissions Cheating Allegations from EPA are Baseless

Volkswagen Says Latest Emissions Cheating Allegations from EPA are Baseless

In September, Volkswagen admitted that it illegally installed software in its eleven million diesel cars to cheat the emission test results.

NetApp Inc Posts Loss in First Quarter Owing to Product Overhaul and Reorganization

NetApp Inc Posts Loss in First Quarter Owing to Product Overhaul and Reorganizat

The data-storage company, NetApp Inc. headquartered in Sunnyvale, California reported a loss in the first quarter. In its 'transition year' as its executive call it, the product revenue dipped sharply as it went through a major overhaul in products.

The company logged $27 million costs that were linked to the restructuring which was announced earlier.

Comcast’s NBCUniversal Invest $US200 million in BuzzFeed

Comcast’s NBCUniversal Invest $US200 million in BuzzFeed

Earlier this year, the chief executive of Comcast Corp.'s NBCUniversal, Steve Burke, said that the media company requires to be on the spot light were the eyes will follow it by introducing added "digital" to its basic fabric.

NBCUniversal agreed to invest $US200 million in BuzzFeed and that's the biggest recent cash injection into the digital news quarter.

On Tuesday Disney Reported Mixed Third-Quarter Earnings

On Tuesday Disney Reported Mixed Third-Quarter Earnings

The Walt Disney Co. posted its third quarter earnings report which met the market expectations but the profits fell slightly short of the analysts' expectations. The company's shares dropped during the extended trading hours following the news. It also lowered its profit forecast for its cable TV arm.

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy Court for the Eastern District of Virginia

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy

It is not recent news that the U.S. coal industry is going through a distressing period with oversupply in the global market, low prices and increasing regulations from the governments stressing on lowering pollution.

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