MSP Sports Capital purchases 15% minority stake in McLaren Racing Ltd.

In recent developments, New York-headquartered investment group MSP Sports Capital has reportedly purchased a 15% minority stake in McLaren Racing Limited. The long-term investment will include an initial payment of USD 245 million (£....

Myntra-Mall feature brings offline shopping experience to the web

Flipkart Group company, Myntra, has reportedly introduced Myntra-Mall update in its application in an effort to provide an offline mall experience to its customers through virtual brand stores. This feature enables an intuitive discovery ex....

U.S-based FireEye announces breach and hacking tools theft

FireEye, one of the leading cybersecurity companies in the U.S, has reportedly announced that its system has been compromised and its proprietary hacking tools used to test its clients’ cyber defenses have been stolen. The company als....

Syros acquires Orsenix’s SY-2102 drug candidate for APL treatment

In recent developments, Syros Pharmaceuticals, Inc, a Cambridge-headquartered biopharmaceutical organization that focuses on developing treatments for immune-related diseases as well as cancer, has reportedly acquired all assets associated ....

Airbnb reveals a simplified host-only fee structure prior to its IPO

Reportedly, American vacation rental online marketplace company Airbnb Inc. has insisted hosts who use third-party software while managing bookings to abolish service fee paid by guests. Hosts will now be required pay a standard fee of 15%,....

Kia issues recall for 295,000 vehicles due to risk of stalling or fire

Kia Motors, the renowned South Korean multinational automobile manufacturer, has reportedly recalled 295,000 vehicles in the United States owing to risks arising from engine stalling or fires. The announcement comes merely a week after the ....

UPS imposes temporary shipping limits on some of its large retailers

UPS, the leading American multinational supply chain management and package delivery company, is reportedly imposing shipping restrictions on a number of its big retail customers owing to the increasing online shopping trend this holiday se....

Google Maps launches Community Feed that looks much like Facebook

Taking on the social media giant Facebook, Google Maps has reportedly introduced its “Community Feed”, a recent upgradation which Google calls its new feature. A series of updates comprising posts from a local area, the feed has....

Facebook announces plan to pay UK media millions for news content

Facebook, the leading social media giant, will reportedly pay millions of pounds a year to established UK news channels to license their articles, since social network faces the looming threat of government probe over its dominance of onlin....

UK carmakers stockpile cars, parts with the nearing of Brexit deadline

As the deadline for Brexit comes near, carmakers in the UK are expressing concern over being hit by tariffs if the UK and EU do not agree to a trade deal. While trade between the EU and the UK will be governed by new regulations from Januar....

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