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Audi’s Chief Executive Officer Arrested Over Emissions Test Scandal

Audi’s Chief Executive Officer Arrested Over Emissions Test Scandal

Rupert Stadler, the chief executive officer of Audi, the luxury arm of Volkswagen, has been arrested over the emissions test scandal which has engulfed the company. According to prosecutors in Munich, the reason for arresting Stadler... 
Apple To Include A Solid-State Button On The Apple Watch

Apple To Include A Solid-State Button On The Apple Watch

Reports have indicated that Apple is working on changing some features on its Apple watch. The company is reportedly planning to replace the physical button with a solid-state that will be able to offer haptic feedback just like the... 
ASUS Unveils Health-Focused Vivowatch BP

ASUS Unveils Health-Focused Vivowatch BP

ASUS has unveiled VivoWatch BP, a health-focused watch, that is able to accurately measure and keep track of one’s blood pressure. The VivoWatch BP is a shift from the ZenWatch series and is able to keep charge for up to 28 days.... 
Fitbit Ships Over One Million Versa Smartwatches

Fitbit Ships Over One Million Versa Smartwatches

Fitbit has announced that it has shipped more than a million smartwatches. The device which is known as Versa has been shipped since the company availed it to the market on April 16. This comes as good news for the company since its... 
UK Government Says It Is Ready To Give Fox The Green Light To Purchase Sky

UK Government Says It Is Ready To Give Fox The Green Light To Purchase Sky

It was on Tuesday that Britain’s government outlined that it was ready to give Twenty-First Century Fox the provisional green light to purchase Sky. An approval could most probably result in a dramatic bidding war with Comcast,... 
Target’s Online Sales Sours But High Operational Costs Harm Profits

Target’s Online Sales Sours But High Operational Costs Harm Profits

Target has recorded a boom in its online sales but its earnings restrained the stock performance in yesterday’s trading session. For the past one year, the traditional retailer company invested heavily in the digital operations to... 
Intel’s Mobileye Signs Deal To Manufacture 8 Million Autonomous Cars

Intel’s Mobileye Signs Deal To Manufacture 8 Million Autonomous Cars

Intel’s Mobileye has announced the signing of a deal to manufacture 8 million self-driving-technology. Even though the automaker’s identity was not revealed, the deal was made between Intel’s Mobileye and a European automaker. This... 
Jet.com Of Walmart Inc Takes Help Of Apple Inc. To Target The Affluent Category In The Urban Areas

Jet.com Of Walmart Inc Takes Help Of Apple Inc. To Target The Affluent Category In The Urban Areas

Walmart’s Jet.com has taken a small help from Apple Incto target the people from an affluent category in the urban areas. Jet.com is featuring premium products and brands of Apple on its site to expand its reach in urban areas to... 
Bank Of America Hired By ArcelorMittal To Dispose Of European Steel Assets

Bank Of America Hired By ArcelorMittal To Dispose Of European Steel Assets

Bank of America Merrill Lynch has been hired by the biggest steelmaker in the world, ArcelorMittal to dispose of some of its assets in order to get approval to purchase Ilva, an Italian steel firm. Earlier in the year ArcelorMittal... 
Xiaomi To List In Hong Kong In A $10 Billion IPO

Xiaomi To List In Hong Kong In A $10 Billion IPO

Chinese smartphone maker Xiaomi has submitted documents with a view to listing in Hong Kong. Though the size of the planned Initial Public Offering was not disclosed, reports indicate that it’s valued at approximately $10 billion.... 
Nintendo To Focus On Mobile Games As New President Takes Over

Nintendo To Focus On Mobile Games As New President Takes Over

Following the success of Pokemon Go, Nintendo will focus on building a smartphone gaming operation worth 100 billion yen or $910 million. This is according to the incoming president of Nitendo, Shuntaro Furukawa, who is succeeding... 
Tesla Sued By Nikola Motor Over Design Patent Infringement

Tesla Sued By Nikola Motor Over Design Patent Infringement

A lawsuit alleging infringement of design patents has been filed against electric carmaker Tesla by Nikola Motor Co, a maker of semi-trucks which are powered by hydrogen. In the court papers Tesla’s heavy duty truck is accused of... 
Sprint And T-Mobile Agree To Merge

Sprint And T-Mobile Agree To Merge

Sprint and T-Mobile U.S. have disclosed that they have come to an agreement regarding a $26 billion merger deal. The two wireless telecommunication companies are convinced they will get the consent of regulators since the merger will... 
Amazon Finds A Crowded Field In Brazil

Amazon Finds A Crowded Field In Brazil

Reports indicate that online retail giant Amazon has set its sights on a major warehouse located outside Sao Paulo, Brazil as it negotiates an air cargo deal that will cover the entire country and lines up local suppliers. However... 
Pornhub To Begin Accepting Verge Cryptocurrency As A Method Of Payment

Pornhub To Begin Accepting Verge Cryptocurrency As A Method Of Payment

The world’s biggest porn site, Pornhub, has announced that payments for premium content on its platform can now be made using a digital currency known as Verge. This is a cryptocurrency which is primarily focused on privacy. Verge... 
Walmart To Launch A Redesigned Website In May

Walmart To Launch A Redesigned Website In May

Walmart, the largest retailer in the United States, has announced that its website will be revamped to offer more personalization. The redesign of Walmart’s website will also involve making it look more vibrant by through use of... 
Manufacturing Woes Of Tesla Model 3 Increase As Production Halted Again

Manufacturing Woes Of Tesla Model 3 Increase As Production Halted Again

Doubts have been raised about Tesla following a temporary suspension of production of the Model 3 sedan thus signaling the electric car maker’s inability to reach targets with regards to vehicle output. The Model 3 is the mass market... 
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... 
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... 
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... 
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... 
U.S. Adds 148,000 Jobs During December

U.S. Adds 148,000 Jobs During December

On Friday, the U.S. Department of Labor released the figures for the monthly jobs report showing that in December 148,000 new jobs were added in the country marking the 87th straight month of job growth in the U.S. The average for... 
Battle Brewing As Fast Food Giants Launch Low-Priced Menu Items

Battle Brewing As Fast Food Giants Launch Low-Priced Menu Items

The fast-food wars are heating up as the giants in the industry are launching new low cost menu items. On Thursday, McDonald’s will roll out its new Dollar Menu, while Taco Bell has countered that by announcing Wednesday it would... 
Hyundai and Kia Predict Slow Recovery for Sales During 2018

Hyundai and Kia Predict Slow Recovery for Sales During 2018

On Tuesday, Hyundai Motor and Kia Motors in South Korea predicted a sales growth of 4% for 2018, suggesting that the slump tied to the company’s lack of offering SUVS in the U.S. plus diplomatic problems with China would be slow... 
Merry Munchie Meals Tested by Fast-Food Chain

Merry Munchie Meals Tested by Fast-Food Chain

Knowing that marijuana smokers get hunger pangs, one chain of fast food restaurants is looking at taking advantage of California starting the legalization of marijuana recreational use. Jack in the Box, based in San Diego, is planning... 
Claire’s Recalls Makeup Products After Asbestos Found

Claire’s Recalls Makeup Products After Asbestos Found

Claire’s, a nationwide retailer, has pulled 17 of its makeup products from the shelves after one mom discovered the products contained asbestos. Kristi Warner purchased one of Claire’s makeup kits for her daughter, who is six,... 
Oil Drops as Forties Pipeline Nearing Restart

Oil Drops as Forties Pipeline Nearing Restart

Oil moved lower approaching $65 per barrel Tuesday, but stayed within sight of its highest point since the middle of 2015, as the restart looms of an important oil pipeline in the North Sea that offset support from supply cuts led...