As China looks to boost competition in the banking industry, authorities announced last Friday that three new private banks have been approved to launch operations in the country.
The China Banking Regulatory Commission said three new banks wll enter the market and increase competition to aid an industry that currently only …read more
Industry experts are hoping that Chinese tech conglomerate Alibaba will swoop in to acquire Yahoo despite efforts by Yahoo CEO Marissa Mayer that she will turn the company around.
According to reports, investors are hoping Alibaba or another Asian company will acquire the US website. Yahoo shares were boosted on the …read more
Google has reportedly finalized plans to acquire videogame broadcasting company Twitch, a $1 billion deal the company says will expand its YouTube operations.
The companies were first reported in May to be discussing a merger. Now, anonymous sources say the firms have finalized their plans, though both Google and Twitch declined …read more
A federal judge Thursday expressed concern for the proposed $450 million settlement offered by Apple in a class action lawsuit against the company’s alleged collusion to manipulate eBook prices, reports say.
US District Judge Denise Cote said Thursday that payouts to affected eBook customers could be reduced due to a clause …read more