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SunEdison Inc (OTCMKTS:SUNEQ) solar partner, Aboitiz Renewables Inc., has issued a default notice. Aboitiz sent out default notices to SunEdison Philippines Helios BV, a subsidiary of SunEdison, Monday because of its Chapter 11 bankruptcy protection. Aboitiz pledges to protect all of its interests during this time. SunEdison Inc Solar Partner Sends Out Default Notices Sending…
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SunEdison Inc (OTCMKTS:SUNEQ) sold off the development rights of a wind power project in Maine. Pattern Energy Group LP announced Wednesday that it bought the rights to the proposed 600 megawatt (MW) King Pine Wind power project. It is currently under development in the Aroostook and Penobscot Counties. SunEdison Inc Sells Rights to Pattern Energy…
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Microsoft Corporation announced a slimmer version of its Xbox One console and Project Scorpio at this year’s E3 conference. The company claimed that Project Scorpio is the most powerful console ever built. The gaming console will arrive coming in 2017, with 6 teraflops of GPU delivering a premier console gaming experience including true 4K gaming…
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Netflix, Inc. is trying to make EU roaming coverage possible. On the other hand, its rival has its eyes set on Africa. These moves come ahead of Netflix’s annual shareholders’ meeting that is expected to be held early next month. Netflix, Inc. Makes it Easy to Access in EU On-The-Go The firm is seeing success in…
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Wal-Mart Stores, Inc. which was earlier reported to be under attack from consumer groups for selling a certain brand of cheese containing a high amount of cellulose has now played victim and targeted Visa over a payments issue related to chip-enabled cards. The firm has sued Visa Inc. for the right to choose how customers verify debit-card purchases…
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Amazon.com, Inc. (NASDAQ:AMZN) says it will address claims of racial disparity when it comes to Prime-same day deliveries. When a news group found its same-day delivery service favored white customers in some regions, the firm pledged to tackle this issue. Is Amazon.com, Inc.’s Same-Day Delivery Service Racist? Last month, Bloomberg took a close look at Amazon’s same-day delivery…
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Walt Disney Co , being a media firm like Time Warner, is likely to get bogged down by the challenges that are affecting the TV industry as a whole. As the former heads toward releasing its Q2 2016 earnings report after the market closes on Tuesday, it appears that the business performance will be quite…
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Apple Inc. and other US tech giants are finding German and European Union market a hard nut to crack when it comes to intellectual property-related legal issues. On Tuesday, a German court found the firm guilty of violating video streaming patents belonging to Kudelski Group subsidiary OpenTV (Source: “German court rules against Apple in video streaming patent…
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Wal-Mart Stores, Inc. has hit Publicis Groupe below the belt with the cancellation of its partnership with MediaVest, its media shop subsidiary. The account was valued at $900m, based on data compiled by Kantar Media regarding the amount that Wal-Mart spent on marketing campaigns in the U.S. in 2014. Wal-Mart also spent $401.5m in its media…
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Royal Dutch Shell plc (ADR) shares spiked in early trade after the oil major confirmed it would be cutting 10,000 jobs amid a sharp drop in profits. Shell said it made $1.8 billion during the fourth quarter of the year, versus a profit of $4.2 billion in the same period last year. Full-year earnings fell…
