Here’s How Petrobras Plans to Save Around $440 Million

Business Finance News takes a look at how Brazilian oil giant Petrobras aims to save around $440 million through jobs cuts and reduction in refinery units In order to streamline its operations, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) announced to slash 30% of its managerial positions, Bloomberg reports. The energy company plans to save around … Read more

Netflix Catering To Indian Market Producing Exclusive Bollywood Content

Netflix said on Wednesday it will roll out 41 Indian films and shows this year, its biggest annual roster of Indian content to date, as the American giant makes a further push to win subscribers in the world’s second-largest internet market. The streaming giant, which committed to spending about $420 million on locally produced Indian content in … Read more

Amazon.com, Inc (AMZN) Upgrades Its US Customer Reviews System

Amazon rolls out a new platform to generate useful and newer reviews for its customers in United States. The system will improve over time to provide better reviews Amazon.com, Inc. (NASDAQ:AMZN) is launching an upgraded customer reviews system in the US, as it plans to roll out a new machine-learning platform developed in-house to generate … Read more

Exxon Mobil Corporation, Chevron Corporation, BP plc: High Debt And Low Profitability Continue To Haunt Majors

Exxon Mobil Corporation, Chevron Corporation, BP plc: High Debt And Low Profitability Continue To Haunt Majors

The energy sector has long been a lucrative sector for all stakeholders. Oil and gas exploration and refining operations have always offered attractive returns and have been one of the favorite industries for investors. Things have changed drastically in the last two years. The US shale boom revolutionized the world with advance hydraulic fracturing techniques … Read more

With 325K Model 3 Pre-orders, How Tesla Motors Plans to Transition into Mass Market Player

With 325K Model 3 Pre-orders, How Tesla Motors Plans to Transition into Mass Market Player

Tesla Motors is thinking of ramping up its auto production after the masses have shown trust in Tesla’s cheaper EV. According to the latest figure provided by Tesla Motors Inc. (NASDAQ: TSLA) chief executive Elon Musk, the total Model 3 pre-orders stood at 325,000 as of Thursday. Mr. Musk was quick to boast these overwhelming … Read more

Microsoft Corporation Backs Out From Slack Acquisition

Microsoft Corporation Backs Out From Slack Acquisition

The tech giant has withdrawn from $8 billion bid for the messaging app after board opposition Microsoft Corporation (NASDAQ: MSFT) is known for its Windows OS but that is not the only thing it excels in. Messaging through Skype is another area of expertise and the company now wants to heavily rely on the popular … Read more

Tesla Model X Pre-Orders Cross 30,000 Units

Tesla Model X Pre-Orders Cross 30,000 Units

Prior to the launch, Tesla has received a substantial amount of global reservations for the SUV. Ahead of the launch of its first sports utility vehicle (SUV), the Model X, Tesla Motors Inc (NASDAQ: TSLA) has already received a large quantity of pre-orders for the vehicle from around the globe, according to data collected by Tesla … Read more

Is Tesla Motors Inc (TSLA) Mobility A Future Prospect Or Morgan Stanley’s Fantasy?

Is Tesla Motors Inc (TSLA) Mobility A Future Prospect Or Morgan Stanley’s Fantasy?

I believe that Morgan Stanley’s projections of Tesla entering another industry look more like a fantasy than a future prospect Shared mobility, an emerging concept comprising of shared transportation services among users, has been buzzed in recent weeks, following a report by Morgan Stanley’s Adam Jonas. Mr. Jonas raised the price target for the disruptive electric vehicle … Read more

SolarCity Corp Gets a Boost Thanks to NV Energy

SolarCity Corp Gets a Boost Thanks to NV Energy

SolarCity Corp Gets a Boost Thanks to NV Energy In a turn of events, NV Energy sides with SolarCity on net-metering rulesSolarCity’s fate has taken yet another turn. NV Energy which was earlier accused of being the only beneficiary of new net-metering rules, has announced in a press release on January 25, that it would … Read more

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