Airbnb Inc., the San Francisco based short term rental company with presence all round the world is suing its hometown over a new law which requires Airbnb to verify whether its hosts have registered themselves with the city authorities before the company shows advertisements for their homes online.
In a new settlement, Volkswagen agreed to pay about $14.7 billion to settle claims which are connected to its diesel emissions scandal. It could be counted among the biggest consumer settlements over class-action ever in the U.S.
The settlement involves federal government and lawyers representing car owners of almost 475,000 Volkswagen models caught up in the matter.
Park City, Utah based Skullcandy was looking for a buyer which could help take it private once more and the opportunity came when Incipio offered to buy it. The high-end reasonably priced music and gaming headphones company agreed to be bought by Incipio for $177 million. The company's IPO in 2011, stock prices dropped with slow revenue growth in recent times.
Expanded Panama Inaugurated on Sunday making Way for Bigger Ships from Pacific Ocean to the AtlanticSubmitted by Nalin Sahdev on Mon, 06/27/2016 - 07:55
When the Panama Canal opened for the ships on August 15, 1914 it was a reason for the world to cheer as water trade became easier from the Pacific Ocean to the Atlantic trimming distances by as much as 8,000 nautical miles.