Category: Latest

  Tesla Inc’s 2016 $2.5 billion acquisition of the solar panel maker SolarCity has proved to be a loss recently. Elon Musk had decided that the company will help in making solar panels to charge the electronic vehicles that Tesla made. On Monday, Musk is supposed to testify in the Delaware Court of Chancery about the deal in a lawsuit filed by the shareholder. They accused him of ignoring the basic faults in SolarCity and failing to produce profit as he promised. When they made the purchase, the biggest shareholder…

    Microsoft Corp. has made history by reaching $2 trillion market value on Tuesday. It is the second company to do so after Apple Inc. With its control over enterprise software and cloud computing, the company has become quite powerful in the current situation. On Tuesday the shares of Microsoft increased nearly 1.1% in New York and it joined the same league as Apple Inc. they are the only two companies that have reached such height. Another company Saudi Aramco came very close to reach the value in December…

  The Chinese authority has closed the central Tiananmen Square to the public in Beijing, eight days ahead of the major celebration that is being planned to mark the 100th anniversary of the founding of the ruling Communist Party. The square which generally attracts tourists from all parts of the country has been barricaded on Wednesday and it is going to remain closed until 2nd July. There are rows of yellow seats and heavy machinery are also seen on the open plaza that also houses the mausoleum of Mao Zedong,…