Company News

Colt the Iconic Gunmaker Filed for Chapter 11 Bankruptcy Protection to Stay Afloat

Colt the Iconic Gunmaker Filed for Chapter 11 Bankruptcy Protection to Stay Aflo

Late on Sunday, Colt, the well known gun manufacturer said that it is filing for bankruptcy protection in order to stay afloat. Drop in sales and increasing competition forced Colt to take the decision.

Avago Technologies Ltd Acquiring Broadcom Corp. The Deal may Put Qualcomm Under Pressure

Avago Technologies Ltd Acquiring Broadcom Corp. The Deal may Put Qualcomm Under

The $37 billion deal of Avago Technologies Ltd to acquire Broadcom Corp, may lead to a possible challenge for Qualcomm. The largest mobile chip manufacturer may be forced to juggle around with its strategy drastically.

Exxon CEO Rebuffs Criticism of Not Doing Enough to Cut Carbon Emissions

Exxon CEO Rebuffs Criticism of Not Doing Enough to Cut Carbon Emissions

On Wednesday, Rex Tillerson, CEO of Exxon Mobil once again denied the criticism which says that; the company is not putting in enough effort in order to cut carbon emissions. He argued that the present models of climate change were not enough strong to defend a radical shift, which proposes moving away from the use of fossil fuels.

Charter Communications is Acquiring Time Warner Cable for about $56 Billion

Charter Communications is Acquiring Time Warner Cable for about $56 Billion

Charter Communications, on Tuesday announced that it is planning to acquire Time Warner Cable in a deal of approximately $56 billion.

When the deal concludes, the new combination of Charter-Time Warner Cable will take the rank of the second biggest provider of cable broadband in the US only with Comcast ahead of it.

Shares of AOL Move Up as the Company Posts Better Than Expected Revenue and Profit for the Quarter

Shares of AOL Move Up as the Company Posts Better Than Expected Revenue and Prof

On Friday, shares of AOL spiked ten percent or more as the company reported revenue and profits that were better than expected. The main push in the earnings came from its digital advertising platform.

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