Verizon and Hearst Acquiring Complex Media in a Fifty-Fifty Joint Venture
Submitted by Jitendra Tiwari on Tue, 04/19/2016 - 07:44
Verizon is still continuing its media acquisitions. Last month, Verizon Communications Inc and Hearst Corp. formed, Verizon Hearst Media Partners in order to build online video channels that mainly targets the millennials.
On Monday, Verizon and Hearst Corp. said they are buying Complex Media, the online publisher which mostly caters to young men.
Reportedly, the deal for Complex's whole operation will be valued somewhere between $250 and $300 million.
G-20 nations to act tough on tax heavens
Submitted by Apoorva Prasad on Sun, 04/17/2016 - 03:59
The representatives of the Group of 20 largest economies in the world have indicated that they will take strict actions against nations that act as tax heavens and fail to comply with the standards of the global financial system.
Cautious Venture Capitalists Rake in Cash but Choosy about Deals
Submitted by Jitendra Tiwari on Sat, 04/16/2016 - 08:23
In the most recent quarter, the venture capitalists raised the highest amount of money in last ten years although they have pulled the reigns of the whirlwind of spending which they were once engaged in.
MidAmerican Energy Proposes to Invest $3.6Billion to Iowa’s Wind Power
Submitted by Amarinder Sekhon on Fri, 04/15/2016 - 08:38
On Thursday, MidAmerican Energy took a huge leap towards meeting the power needs of its customers with greener energy like wind and solar power. It announced investment of $3.6 billion with which Des Moines, Iowa's largest utility, MidAmerican would get eighty five percent of its energy from wind. At the event the company's CEO Bill Fehrman was present with Governor Terry Branstad and Debi Durham, Iowa's economic development director.
Fehrman said, "We have a dream to deliver 100 percent renewable energy to our customers."
Residents of Porter Ranch Once Again Complaint about Odor in the Air
Submitted by Apoorva Prasad on Thu, 04/14/2016 - 08:45
Once again on Wednesday, after almost a couple of months following the capping a gas leak, the residents of Porter Ranch reported of smells once more. The reports of smell of natural gas drifting through the neighborhood immediately prompted an investigation from air regulators. The complaints were made to KTLA and in a private Facebook group by the residents. A member of the Porter Ranch Gas Leak group wrote, "Awful smell at Tampa and Sesnon." Another one replied, "Horrible gas smell hit me in the face when I came out of my car by Earl's donuts."
NLRB Denied VW’s Request to Review Union Vote at the Carmakers Chattanooga Plant
Submitted by Amarinder Sekhon on Thu, 04/14/2016 - 08:41
A rather small group of Volkswagen workers at Chattanooga plant in Tennessee moved one step closer to being represented by the UAW or the United Auto Workers union.
On Wednesday, the National Labor Relations Board on denied VW's request for a review of an election held in December , where the majority of skilled-trades workers at the German automaker's Chattanooga plant supported to be represented by union organization. The board said that Volkswagen's request "raises no substantial issues warranting review."
