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The Gillette Group headquartered in Trinidad and Tobago and founded in 1983 under the banner of Computers and Controls Ltd., has twenty - two years later, grown beyond the boundaries of Trinidad and Tobago, extending its business interests across the Caribbean region and into North America... more

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Facebook hit with lawsuit over plan to issue new stock
Fri, 29 Apr 2016 21:29:53 -0400

Facebook CEO Mark Zuckerberg holds a pair of the touch controllers for the Oculus Rift virtual reality headsets during the Facebook F8 conference in San Francisco, CaliforniaBy Dan Levine SAN FRANCISCO (Reuters) - A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder. The lawsuit, filed in the Delaware Court of Chancery, followed the social networking company's announcement on Wednesday of its plan to issue the shares. The rejiggering of Facebook's share structure is effectively a 3-for-1 stock split.


Apple's stock suffers worst week since 2013
Fri, 29 Apr 2016 16:15:52 -0400

A 3D printed Apple logo is seen in front of a displayed stock graph in this illustration takenBy Noel Randewich SAN FRANCISCO (Reuters) - Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake. Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & Poor's 500 index, have dropped 11 percent in the past five sessions. Confidence in the Cupertino, California company has been shaken since posting its first-ever quarterly decline in iPhone sales and first revenue drop in 13 years on Tuesday, although Apple investors pointed to the stock's relatively low valuation as a key reason to hold onto the stock.


Google faces first EU fine in 2016 with no deal on cards: sources
Fri, 29 Apr 2016 14:26:56 -0400

Google and European Union logos are seen in SarajevoGoogle is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. There are few incentives left for either party to reach a deal in a six-year dispute that could set a precedent for Google searches for hotels, flights and other services and tests regulators' ability to ensure diversity on the Web. Alphabet Inc's Google, which was hit by a second EU antitrust charge this month for using its dominant Android mobile operating system to squeeze out rivals, shows little sign of backing down after years of wrangling with European authorities.


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