Jack Ma and China regulators Meet to Discuss Issue of Fake Goods Sold Through Alibaba’s Platforms

Jack Ma and China regulators Meet to Discuss Issue of Fake Goods Sold Through Alibaba’s PlatformsReportedly, 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.

Though IBM Struggles to Catch Up with Profits Yet Its Boss Gets a Bonus

Virginia RomettyIn 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.

Amidst Falling Oil Prices, Most Number of Rigs in the U.S. Dropped Since 1987

Amidst Falling Oil Prices, Most Number of Rigs in the U.S. Dropped Since 1987The 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 Faces Criticism from Regulators in China for Illegal Business on its Websites

Alibaba Faces Criticism from Regulators in China for Illegal Business on its Websites 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.

Strong Growth in Philippine Bring Brighter Outlook for Investors

Strong Growth in Philippine Bring Brighter Outlook for InvestorsThe 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.

Mass layoff Plan Flatly Denied by IBM

Mass layoff Plan Flatly Denied by IBM  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.

Syndicate content