Company News

Transocean Announces the Departure of Its CEO

Transocean Announces the Departure of Its CEO

On Monday, the CEO of Transocean Ltd. abruptly stepped down in a move which is being seen as another casualty resulting from the falling oil prices and also due to the wrong timing of the company's deep-water drilling expansion project.

AIG’s Turnaround is Still an Ongoing Process

AIG’s Turnaround is Still an Ongoing Process

American International Group Inc.(AIG) is making advancement in recovering its business in spite of a notable drop in its profit for the fourth quarter of 2014. However, the there is still a long way to go for the insurer has before its long turnaround for the year is complete, says analysts.

Telsa’s Energy Storage Device May Be Unveiled in a Couple of Months Time

Telsa’s Energy Storage Device May Be Unveiled in a Couple of Months Time

Tesla Motors Inc., the car maker is well known for its Model S sedan that has gone all-electric. It is now using its technology of lithium-ion battery energy storage device to find the leading spot in the rapidly up-and-coming energy storage market which already supplements and in future may eventually pose a threat to the conventional electric grid.

Alibaba to Invest US$590 Million to Props Up It’s Mobile OS

Alibaba to Invest US$590 Million to Props Up It’s Mobile OS

Alibaba Group will be investing US$590 million in a venture with Meizu which is a smartphone maker from China. The smartphone company has been helping Alibaba to promote its very own mobile OS which is in completion with Google's Android.

Weak Currencies Push Activision’s 2015 Revenue Outlook to Lower Levels

Weak Currencies Push Activision’s 2015 Revenue Outlook to Lower Levels

On Thursday, Activision Blizzard Inc., the video game company said it that expected a lower figure of revenue as well as profit in 2015. The company partially blames the impact which it anticipates that the foreign-exchange markets will have on the earnings. The company is not alone in this, till now there have been other businesses that have expressed their concerns over the issue.

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