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Multiple Bids Received For Toys “R” Us’ Asian Business

Multiple Bids Received For Toys “R” Us’ Asian Business

A lawyer representing Toys “R” Us has disclosed that multiple bids for the toys retailer worth more than $1 billion have been received for its Asian business. The bids for the 85% interest the American toys retailer has in its... 
Walmart To Stock Soylent Meal Replacement Drinks And Powder

Walmart To Stock Soylent Meal Replacement Drinks And Powder

The manufacturer of Soylent, Rosa Foods, has disclosed that the meal replacement drink and powder will become available in about 450 Walmart outlets across the United States. This follows the retail expansion the company undertook... 
Sears To Sell 16 Stores In An Online Auction

Sears To Sell 16 Stores In An Online Auction

U.S. retailer Sears is disposing of 16 retail outlets in an auction that will be conducted online. This comes amidst efforts by the retailer to resurrect its operations following years of declines in sales. The retail outlets will... 
Airbus Experimenting With Relaxation And Sleeping Compartments In Cargo Area

Airbus Experimenting With Relaxation And Sleeping Compartments In Cargo Area

The biggest plane manufacturer in Europe, Airbus, has disclosed that it will convert aircraft cargo holds into relaxation and sleeping compartments for passengers. Airbus is working on the concept with aviation equipment supplier Zodiac... 
Trump Continues Twitter Attacks On Amazon

Trump Continues Twitter Attacks On Amazon

The Twitter attacks that President Donald Trump has waged against online retail giant Amazon have caused its stock price to fall. This is unprecedented since in the past presidents have rarely singled out specific companies. According... 
Supreme Court Asked To Drop Email Case Against Microsoft

Supreme Court Asked To Drop Email Case Against Microsoft

The U.S. Justice Department has asked the U.S. Supreme Court to drop the case against software maker Microsoft over the privacy of international data. According to the Justice Department the case has been rendered moot by a new law... 
Facebook Adds Safeguards In Order To Prevent User Data Abuse

Facebook Adds Safeguards In Order To Prevent User Data Abuse

Reports indicate that social media giant is adding safeguards aimed at preventing user data abuse following the Cambridge Analytica backlash. Some of the safeguards Facebook is introducing include a certification tool which will demand... 
GIF Search Startup Tenor To Be Acquired By Google

GIF Search Startup Tenor To Be Acquired By Google

Google is purchasing Tenor, a GIF images search platform as the tech giant moves to bolster search data besides offering advertisers an advertising format that is increasingly becoming popular. Terms of the deal were however not disclosed.... 
Walmart Replaces Alipay With Tencent’s Wechat In Western China

Walmart Replaces Alipay With Tencent’s Wechat In Western China

U.S. retailer has abandoned Alipay and instead opted for the mobile payments app of Tencent in Western China. This has been viewed as a blow to Alibaba as the Chinese online retail giant and Tencent are fighting for dominance in the... 
MuleSoft To Be Bought By Salesforce For $6.5 Billion

MuleSoft To Be Bought By Salesforce For $6.5 Billion

Salesforce has announced that it has reached an agreement to acquire Mulesoft. The deal places the value of MuleSoft at approximately $6.5 billion. Salesforce will pay a premium of 36% of the shares of MuleSoft. The deal is expected... 
Blackberry And Microsoft Ink Software Security Deal

Blackberry And Microsoft Ink Software Security Deal

Shares of BackBerry appreciated by 4% on Tuesday after the tech firm indicated that it would offer security to Microsoft’s Office software. The moves follows high-profile data breaches in the recent past and reflects an effort by... 
Wal-Mart To Expand Grocery Delivery To Over 100 Cities By Year End

Wal-Mart To Expand Grocery Delivery To Over 100 Cities By Year End

Wal-Mart announced recently that it’s planning to expand its online grocery delivery service to a fleet of about 1,000 stores to more than 100 cities across the US as a part of its strategy to outdo its rivals including Amazon in... 
Alibaba Invests $866 Million In Chinese Bike-Sharing Firm Ofo

Alibaba Invests $866 Million In Chinese Bike-Sharing Firm Ofo

Alibaba Group Holding Ltd has funded the Beijing-based-Bike-sharing firm Ofo with $866 million. According to Ofo, the amount raised is the largest amount that the bike-sharing start-up has ever made since its inception in 2014. Apart... 
Larry Page’s Air Taxi Firm To Launch Flying Cabs

Larry Page’s Air Taxi Firm To Launch Flying Cabs

Kitty Hawk, a flying taxi firm that is personally financed by the chief executive officer of Alphabet, Larry Page, has launched a commercial plane known as Cora. According to Kitty Hawk the flying car takes off like a chopper and then... 
Citigroup, BofA, And JPMorgan Lead Banks Invite More Banks In Thomson Reuters Deal

Citigroup, BofA, And JPMorgan Lead Banks Invite More Banks In Thomson Reuters Deal

About 21 banks are expected to participate in backing the acquisition of the financial and risk division of Thomson Reuters by private equity giant Blackstone Group. The PE firm requires approximately $13.5 billion in bond and loan... 
Nest Devices Will No Longer Be Sold On Amazon

Nest Devices Will No Longer Be Sold On Amazon

Reports indicate that online retail giant Amazon has indicated that it won’t stock any new Nest devices. The devices which are made by the smart home division of Google will cease being listed on the e-commerce platform once the... 
Alibaba Cloud Expands Its Offerings In Europe

Alibaba Cloud Expands Its Offerings In Europe

Chinese online retail giant has unveiled cloud computing products revolving around big data and artificial intelligence in Europe as it seeks to capture a bigger slice of a market that is dominated by Microsoft Azure and Amazon Web... 
Cisco And Telenor Group Sign A Collaboration Agreement

Cisco And Telenor Group Sign A Collaboration Agreement

Cisco and Telenor Group have inked a deal that will see them work together in enhancing customer experiences using Internet of Things, Smart City solutions and data analysis. This is with the aim of accelerating the continued digitization... 
Albertsons To Purchase Rite Aid In The Face Of Online Threat

Albertsons To Purchase Rite Aid In The Face Of Online Threat

Grocery chain Albertsons has announced that it intends to purchase Rite Aid in a deal that will involve both cash and stock. A combination of Rite Aid and Albertsons would have an approximate value of around $24 billion. This comes... 
Toyota Halves The Use Of Rare Earth Material In Magnets For Electric Motors

Toyota Halves The Use Of Rare Earth Material In Magnets For Electric Motors

Japanese automaker Toyota has discovered a technique of cutting by 20% the quantities of rare earth metals used in magnets deployed in the motors of electric cars. This is likely to reduce the cost of electric car production as well... 
Over 30 Spectre And Meltdown-related Lawsuits Filed Against Intel

Over 30 Spectre And Meltdown-related Lawsuits Filed Against Intel

A total of 32 different lawsuits related to the security exploits known as Spectre and Meltdown have been filed against chip maker Intel. The security flaws were discovered in 2017 and they affect a significant portion of the company’s... 
Amazon And Bank Of America Partner To Lend To Merchants

Amazon And Bank Of America Partner To Lend To Merchants

Reports indicate that Amazon is partnering with a major bank with a view to growing its lending business, Amazon Lending, which mainly provides loans to suppliers of the online retail giant. According to the reports Amazon and Bank... 
Intel Launches Smartglasses With Zero Social Cost

Intel Launches Smartglasses With Zero Social Cost

Intel has launched Vaunt smartglasses which look just like regular prescription eyeglasses. Vaunt makes use of a laser located at the right side to project images on a holographic reflector which is then reflected onto the eye of the... 
Berkshire To Open A Specialty Insurance Business In Dubai

Berkshire To Open A Specialty Insurance Business In Dubai

Berkshire Hathaway has indicated that it is expanding its commercial insurance unit into the Middle East. The commercial insurance division of the conglomerate, Berkshire Hathaway Specialty Insurance, said in a statement that it would... 
Alibaba Acquires Stake In China’s Dalian Wanda Cinema Unit

Alibaba Acquires Stake In China’s Dalian Wanda Cinema Unit

Alibaba Group Holding Ltd announced that it has agreed to acquire a stake in China’s Dalian Wanda Group Company’s cinema operator unit for an investment totaling over $1.2 billion. Under the terms of the agreement, Alibaba would... 
Cabela’s Joins Mastercard’s Credit-Card Network From Visa

Cabela’s Joins Mastercard’s Credit-Card Network From Visa

Mastercard has announced that outdoor-goods retail firm Cabela’s has picked it as its credit-card network. This comes as big credit-card networks compete for high spenders by investing heavily in marketing travel co-brand programs... 
Virtual Telecom Operators To Be Granted Licenses In China

Virtual Telecom Operators To Be Granted Licenses In China

Reports indicate that virtual telecom operators will be issued with licenses in China as the country moves to open up the telecommunication sector. Currently the sector is dominated by China Telecom, China Unicom and China Mobile.... 
Music Streaming Royalty Rates Raised In The United States

Music Streaming Royalty Rates Raised In The United States

Copyright authorities in the United States have voted to raise the royalties that music streaming firms such as Apple Music and Spotify pay to music publishers and songwriters. Copyright Royalty Board issued a decision which made an... 
Apple’s Supplier Projects Lower Demand For High-End Chips

Apple’s Supplier Projects Lower Demand For High-End Chips

Contract manufacturer Taiwan Semiconductor Manufacturing Company (TMSC) has indicated that it expects the growth of smartphone shipments across the industry to grow at a level of between 1% and 3% this year. As a manufacturing partner... 
Monthly Fees For Amazon Prime Raised

Monthly Fees For Amazon Prime Raised

Online retail giant Amazon revealed last week that the monthly subscription to Prime membership had been increased by close to 20% thereby raising the fee to $12.99 from %10.99. For students the monthly increase is 18% as the Prime... 
EUR400 Million To Be Invested By Toyota In A Northern France Plant

EUR400 Million To Be Invested By Toyota In A Northern France Plant

Reports indicate that Japan’s giant automaker Toyota will invest approximately 400 million euros in a French plant located in Onnaing. The facility which is situated in northern France produces the Yaris subcompact model. Around... 
Chase And AutoFi Partner To Enhance Online Car Buying And Financing

Chase And AutoFi Partner To Enhance Online Car Buying And Financing

JPMorgan Chase has entered a partnership with fintech firm AutoFi which will assist customers in the selection and financing of vehicles via their website of automotive dealers. This will help in reducing the time taken to complete... 
Bank Of America Takes Up More Office Space At Fifth Third Center

Bank Of America Takes Up More Office Space At Fifth Third Center

Cousins Properties has announced that Bank of America has renewed a lease of 294,000 square feet of space while also inking an agreement to get additional space on Fifth Third Center of approximately 24,000 square feet. Fifth Third... 
Citigroup Fined $70 Million Over Shortcomings In Anti-Money Laundering Policies

Citigroup Fined $70 Million Over Shortcomings In Anti-Money Laundering Policies

The OCC – Office of the Comptroller of the Currency has fined Citigroup over failures by the bank to meet regulatory requirements with regards to anti-money laundering policies. Citigroup will now have to pay a civil penalty totaling... 
Apple Is Acting As A Catalyst For A 3d Sensing Hardware Market Worth $14 Billion

Apple Is Acting As A Catalyst For A 3d Sensing Hardware Market Worth $14 Billion

Reports indicate that a 3D sensing hardware market worth $14 billion could be created by Apple by the year 2020 as the Cupertino, California-based tech giant’s iPhone is set to emerge as the world’s biggest augmented reality platform.... 
Exxon Mobil’s Galveston 209 Platform And Hadrian South System Back Online

Exxon Mobil’s Galveston 209 Platform And Hadrian South System Back Online

Exxon Mobil has announced that its Galveston 209 platform located in the Gulf of Mexico as well as the subsea production system located in the Hadrian South were back online. This was after they were shut down as a result of storm... 
Three New Versions Of The iPhone Set To Be Launched

Three New Versions Of The iPhone Set To Be Launched

Reports indicate that Apple will release three new versions of the iPhone during its upcoming launch event that is slated for September 12. The three versions will include the flagship phone and two iPhone 8s – the iPhone 8 Plus... 
Google Seeking To Hire AI Engineers In China

Google Seeking To Hire AI Engineers In China

Though the Google online search engine is banned in China, the parent company of the tech giant has embarked on a hiring spree in China, the largest internet market in the world and the second-biggest economy on the planet. The search...