Reportedly, on Friday, Jack Ma the founder and head Alibaba Group met the commerce regulator of China for a discussion over the issue of combating sales of fake products through the company's platforms. Both sides adopted a conciliatory tone during the discussion after a tussle over the issue of illegal business being carried on over the platforms of the Internet company.
In spite of the drop in sales and profits in 2014, Virginia Rometty IBM's boss will be receiving $3.6 million bonus for her last year's performance.
CEO, Rometty will be getting a 6.7 percent hike in the base salary that she draws. Since 2012, the time when she joined her present position, it has been $1.5 million. On Friday, in a regulatory filing the company said that she will be receiving $1.6 million in 2015.
The continuously falling price of oil is causing havoc n the oil industry. This week the U. S. producers made ninety four oil rigs idle as the rates of crude continued fall.
Alibaba Group Holding Ltd. faced severe criticism from a Chinese regulator which accused the e-commerce company of failing to clean up the illegal business transactions which carries on through its online platform.
The economic growth of Philippine slowed down to 6.1 percent in the previous year due to natural disasters that hit the country but it still managed to outpace the growth rate of most of the other countries in Asia.
On Monday, IBM called a report "ridiculous" and "baseless" that said the technology company is planning to trim its workforce by one forth with a huge lay off plan. If the reports are to be believed then, it would mean that the company will be laying off 100,000 people.
In a telephonic interview, Ian Colley, an IBM spokesman said that the company "flatly denies" the report posted by Forbes.