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Tesco Books In An Epic £6.4bn loss!

Tesco_6.4_Billion_Euro_Loss

Tesco, Britain’s biggest retailer has reported a massive annual pre-tax loss of £6.4bn. Tesco was recently in middle of an accounting scandal and struggling with slump in sales. This is THE worst performance in the history of the 96-year old company as well as the worst recorded performance by a British retailer. Tesco sales are falling as consumers turn away ... Read More »

MakerBot Fires 20% Of Its Staffs!

MakerBot_Layoffs

MakerBot, the 3D printing company based off Brooklyn just kicked off 20 percent of it’s staffs as a part of restructuring the company after it become a subsidiary of 3D printing giant Stratasys in 2013. 20 percent of its staff would equate to roughly 100 employees. The new CEO Jonathan Jaglom signed the order for the cut down. “It’s about ... Read More »

Yahoo To Buy Foursquare?

Yahoo_Foursquare

Looks like Yahoo might be interested in taking control of Foursquare. Though nothing is confirmed from either side, rumor waves in the tech industry suggest that the deal is done for around $900 million. Yahoo has been quite aggressive in its expansion into the mobile platform and its move to buy Foursquare, an app that you use to “check-in” to ... Read More »

Nokia to Buy Alcatel-Lucent for $16.6B

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There were just speculations yesterday and today Nokia has officially announced that it plans to go ahead with the purchase of Alcatel-Lucent. Nokia will pay $16.6 billion in share for takeover Alcatel-Lucent, a rival telecom equipment manufacturer. The merger will be complete by first half of next year. In a statement, Alcatel-Lucent CEO Michel Combes said “This transaction comes at ... Read More »