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Apple And QUALCOMM’s Lawsuit Is About To Get Serious

Apple And QUALCOMM’s Lawsuit Is About To Get Serious

After over a year of accusations and counter-accusations, the legal battle pitting QUALCOMM and Apple is about to get even serious. A multibillion-dollar intellectual property legal battle between the two companies is expected to move... 
Exxon Mobil Acquires Stake In Carcara, Offshore Brazil

Exxon Mobil Acquires Stake In Carcara, Offshore Brazil

U.S. oil major Exxon Mobil has completed the purchase of 50% of the BM-S-8 stake owned by Equinor ASA in offshore Brazil. The offshore block consists of a part of the resources in the Carcara field. It is estimated that the premium... 
$600 Million To Be Invested In Biotechnology Startups By Pfizer

$600 Million To Be Invested In Biotechnology Startups By Pfizer

New York-based pharmaceutical firm Pfizer has disclosed plans of investing approximately $600 million in biotech startups via its venture capital unit, Pfizer Ventures. According to the vice president of Pfizer and Pfizer Ventures... 
Head-To-Head Survey: New York Times Co Class A (NYT) and New Media Investment Group (NEWM)

Head-To-Head Survey: New York Times Co Class A (NYT) and New Media Investment Group (NEWM)

New York Times Co Class A (NYSE: NYT) and New Media Investment Group (NYSE:NEWM) are both consumer staples companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends,... 
Boeing HorizonX Contributes To $5M Funding In UAS Software Startup Kittyhawk

Boeing HorizonX Contributes To $5M Funding In UAS Software Startup Kittyhawk

Boeing, the U.S aircraft giant, recently announced that it is planning to contribute to the $5 million funding for a San Francisco-based Unmanned Aircraft Systems (UAS) Software startup Kittyhawk through its HorizonX Ventures. The... 
Apple Faces Tough Competition From Netflix & Amazon In Video Streaming Services

Apple Faces Tough Competition From Netflix & Amazon In Video Streaming Services

Apple is rapidly shaping up its streaming services providing a strange collection of original content for its users. With the investment for the project going beyond $1 billion for the start, the IT giant certainly seems to be gearing... 
Alphabet Reveals Its Plan To Source LG For Its Pixel 3 XL Display

Alphabet Reveals Its Plan To Source LG For Its Pixel 3 XL Display

The quality control of Google is apparently getting better with time.Google’s Pixel 2 XL is a remarkable device that has become a favorite to a lot of people across the globe. Its Achilles’ heel is one of its most distinguishable... 
Amazon Expanding Its Whole Foods Discount To Prime Members Nationwide

Amazon Expanding Its Whole Foods Discount To Prime Members Nationwide

Last year, Amazon acquired Whole Foods for a sum of $13.7 billion. In April this year, the company announced that it would be offering discounts to its prime customers at Whole Foods. The discounts would include a 10% off the price... 
Alphabet Sued by U.K.’s 4.4 Million iPhone Users for Secretly Using Their Data

Alphabet Sued by U.K.’s 4.4 Million iPhone Users for Secretly Using Their Data

Alphabet has been sued in the high court in U.K. It has been accused of secretly using data of 4.4 million iPhone users. The search company Google was taken to court in July by the iPhone users who have formed a group calling themselves;... 
Facebook Marketplace Now Enables You To Seek For Plumbers, Cleaners

Facebook Marketplace Now Enables You To Seek For Plumbers, Cleaners

Facebook is introducing a new home service segment in its Marketplace feature. The new feature being launched in the U.S enables users to search and enlist the services of house cleaners, plumbers, and other handymen. Two years ago,... 
Security Researchers Warn Of Malware Attack On Consumer Routers

Security Researchers Warn Of Malware Attack On Consumer Routers

Security researchers in the US have issued a warning of the presence a sophisticated malware that has infected over 500,000 consumer routers across the globe. According to Cisco’s Talos cyberintelligence unit, the malware could enable... 
Amazon To Offer Blockchain SaaS Solution In Partnership With Startup

Amazon To Offer Blockchain SaaS Solution In Partnership With Startup

Amazon Web Services, the cloud computing arm of Amazon has announced a new partnership aims to make it easy for customers to fully exploit the benefits of blockchain technology. The online retail giant’s cloud computing unit will... 
Apple Now Ahead Of Tesla And Waymo In Autonomous Car Permits

Apple Now Ahead Of Tesla And Waymo In Autonomous Car Permits

Reports indicate that Apple has been expanding its fleet of autonomous cars and is now leading the tech sector with regards to the number of self-driving cars that are undertaking tests. According to California Department of Motor... 
Xerox’s Transaction Deal With Fujifilm Terminated

Xerox’s Transaction Deal With Fujifilm Terminated

A deal worth $6.1 billion between Fujifilm Holdings and Xerox has been scrapped after the latter reached a settlement with two activist investors, Darwin Deason and Carl Icahn. The settlement will also see Xerox being placed under... 
Apple Booting Apps Which Share Location Data From The App Store

Apple Booting Apps Which Share Location Data From The App Store

Reports indicate that Apple has moved to enforce privacy rules for apps available on the App Store. According to the reports the Cupertino, California-based tech giant has begun a process of removing apps which possess the capacity... 
Fox To Acquire Seven Stations From Sinclair Broadcast Group

Fox To Acquire Seven Stations From Sinclair Broadcast Group

A deal has been reached between 21stCentury Fox and Sinclair Broadcast Group for the former to acquire seven stations belonging to the latter at a price of $910 million. In order to get federal approval for its $3.9 billion bid to... 
Showrooms Launched By Amazon To Showcase Smart Home Products

Showrooms Launched By Amazon To Showcase Smart Home Products

Online retail giant Amazon has announced a partnership with Lennar, a homebuilder, aimed at expanding the smart home business particularly home security services. The partnership will see Amazon launch a chain of showrooms known as... 
Snap Misses 1Q Revenue Estimates Following App Redesign

Snap Misses 1Q Revenue Estimates Following App Redesign

Shares of Snap Inc hit a new low after the social media firm released disappointing financial results. The results indicated that Snapchat had lost the confidence of users with the audience dipping in numbers in recent weeks. Part... 
Signal Warned Against Using Amazon As A Domain Front

Signal Warned Against Using Amazon As A Domain Front

A couple of days ago Amazon Web Services made some changes aimed at ending domain fronting – the act of using the architecture of the content delivery network to hide encrypted internet traffic’s actual destination. Developers... 
Withings To Be Sold Back To Co-Founder By Nokia

Withings To Be Sold Back To Co-Founder By Nokia

Nokia has disclosed that its struggling digital health business, Withings, will be sold back to its founder. This comes less than two years since Nokia acquired the French startup. Withings was co-founded by Eric Carreel, who will... 
Baidu’s Financial Services Unit To Be Spun Off

Baidu’s Financial Services Unit To Be Spun Off

The financial services unit of Chinese online search giant Baidu will be spun off with the assistance of investors who include TPG in a deal estimated to be worth $1.9 billion. According to one investor the unit will be valued at $4... 
Asda And Sainsbury’s Holding Talks With A View Of Merging

Asda And Sainsbury’s Holding Talks With A View Of Merging

The second largest grocery chain in the United Kingdom, Sainsbury’s, has disclosed that it is holding advanced talks with Asda, the British unit of Walmart, concerning a merger. If the merger comes to fruition the combined business... 
Boeing Close To Acquiring Aircraft Parts Firm KLX

Boeing Close To Acquiring Aircraft Parts Firm KLX

Boeing is expected to announce a deal to acquire KLX Inc, an aerospace-parts specialist this week. This is part of the plane maker’s plans to expand into the business of aircraft services. Last year in December KLX Inc disclosed... 
eBay Could Be A Stumbling Block In Walmart’s Flipkart Acquisition Plans

eBay Could Be A Stumbling Block In Walmart’s Flipkart Acquisition Plans

Walmart’s plans to acquire Flipkart, Indian online marketplace, are not progressing smoothly. After the big box retailer made known its intentions, online retail giant Amazon reportedly was eyeing making a competing offer increasing... 
Johnson & Johnson’s Eye Health Business Growing Rapidly

Johnson & Johnson’s Eye Health Business Growing Rapidly

The vision portfolio of Johnson & Johnson has been beefed up in the last couple of years and this has started to pay off. In the last quarter sales of vision care products amounted to $1.12 billion having increased by 34% from... 
Independent Games Developer Campo Santo Acquired By Valve

Independent Games Developer Campo Santo Acquired By Valve

Campo Santo, an independent studio has been acquired by Valve, the acclaimed developer known for Firewatch. According to sources Campo Santo will be left intact by Valve instead of being absorbed and its employees reassigned. The Campo... 
Gun Makers Face Lending Restrictions From Bank Of America

Gun Makers Face Lending Restrictions From Bank Of America

Bank of America has revealed that it will quit offering loans to clients who are in the business of manufacturing military-style weapons which are sold for civilian use. The lender becomes one of the latest financial institutions in... 
Exxon Mobil And Qatar Exploring Partnership In U.S. Shale Projects

Exxon Mobil And Qatar Exploring Partnership In U.S. Shale Projects

Reports indicate that oil major Exxon Mobil and Qatar are in talks with a view to pursuing a deal that would see the Middle East country invest in the shale gas resources of the oil major located in the United States. According to... 
Alibaba Leads In Funding Round For AI Startup SenseTime

Alibaba Leads In Funding Round For AI Startup SenseTime

Chinese online retail giant Alibaba is leading a funding round that seeks to raise $600 million for surveillance systems firm SenseTime Group Ltd. The surveillance systems company whose clients include law enforcement agencies among... 
More Pickup Towers Being Added By Walmart At Its Stores

More Pickup Towers Being Added By Walmart At Its Stores

Retail giant Walmart has revealed that it is adding another 500 Pickup Towers across its stores in the United States. Walmart first introduced the high-tech vending machines in about 200 retail outlets last year. This is one of the... 
Amazon In Plans To Open New Shipping And Warehousing Facilities In Nevada

Amazon In Plans To Open New Shipping And Warehousing Facilities In Nevada

Online retail giant Amazon is planning to open the fourth fulfilment center in Nevada. The size of this fulfilment center to be located in North Las Vegas is expected to be over 800,000 square feet. Around 1,000 full-time jobs are... 
Intel To Dispose Of Embedded Software Unit To TPG Capital

Intel To Dispose Of Embedded Software Unit To TPG Capital

Chipmaker Intel is disposing of Wind River, an embedded software unit that it acquired close to a decade ago at a price of $884 million, to TPG Capital, a private equity firm. TPG Capital was also the buyer of Intel’s computer antivirus... 
Suzuki And Toyota Reach Deal To Manufacture Vehicles For One Another In India

Suzuki And Toyota Reach Deal To Manufacture Vehicles For One Another In India

Suzuki Motor Corp and Toyota Motor Corp have reached an agreement which will see the two companies manufacture vehicles for one another in India. This is part of Toyota’s strategy of increasing market share in the fifth-biggest passenger... 
Median Employee Pay At Verizon Is Higher Than At AT&T

Median Employee Pay At Verizon Is Higher Than At AT&T

Though consumers may view telecommunication giants AT&T and Verizon Communications as one and the same thing, employees of the two companies don’t. This is especially the case with regards to pay. At Verizon the median pay of... 
Intel Beaten By Samsung In Semiconductor Revenues

Intel Beaten By Samsung In Semiconductor Revenues

Samsung Electronics recently emerged as the No. 1 supplier of semiconductors in the world but that position could be short-lived due to the volatile nature of the memory-chip market. According to IHS Markit Samsung outperformed Intel... 
Toyota Suspends US Driverless Car Tests After Fatal Uber Accident

Toyota Suspends US Driverless Car Tests After Fatal Uber Accident

Carmaker giant, Toyota has announced that it has suspended its U.S tests for driverless cars on all public roads. The move is in response to a deadly accident which took place in Arizona and involved one of the self-driving cars belonging... 
Google Acquires Chelsea Market Building For $2.4 Billion

Google Acquires Chelsea Market Building For $2.4 Billion

Alphabet, the parent company of online search giant Google, has closed a deal to acquire Chelsea Market at a price of $2.4 billion. The real estate deal will expand the presence of the tech giant in New York City. Chelsea Market consists... 
Bank Of America To Expand In Hunt Valley And Add 600 Jobs

Bank Of America To Expand In Hunt Valley And Add 600 Jobs

Reports indicate that Bank of America intends to add close to 600 employment positions at its Hunt Valley offices. Most of these jobs will be staff support and call center related. In Hunt Valley Bank of America owns a complex measuring... 
Woodside To Raise Stake In Natural Gas Field

Woodside To Raise Stake In Natural Gas Field

Woodside Petroleum has indicated that it is in plans to acquire the 50% stake that ExxonMobil holds in the Scarborough gas field of Australia. This comes after getting the greenlight from BHP Billiton, a part owner of the project.... 
More Features To Be Added To Slack Rival, Microsoft Teams As Competition Heightens

More Features To Be Added To Slack Rival, Microsoft Teams As Competition Heightens

Software maker Microsoft has disclosed that its workplace collaboration application Teams which was launched about a year ago is now being used by around 200, 000 organizations. Last year in September the number of organizations using... 
Renault And Alibaba Deepen Pact In China

Renault And Alibaba Deepen Pact In China

French carmaker Renault SA is deepening the relationship it enjoys with Chinese online retailer Alibaba with a view to boosting sales in China. Renault is counting on the world’s most populous country to contribute significantly... 
Defense Department To Award Cloud Services Contract To One Vendor Amongst Amazon, Oracle, IBM and Microsoft

Defense Department To Award Cloud Services Contract To One Vendor Amongst Amazon, Oracle, IBM and Microsoft

Fears are rife that the opening of a winner-take-all competition by the Pentagon for cloud services will favor Amazon Web Services to the detriment of rivals such as Oracle, International Business Machines and Microsoft. Participating... 
BlackBerry Sues Facebook Over Messaging App Technology

BlackBerry Sues Facebook Over Messaging App Technology

BlackBerry has filed a lawsuit against Facebook accusing the social media company of using messaging technology that was developed by the ex-smartphone maker years ago. The move by BlackBerry has raised eyebrows since the messaging... 
Walmart To Introduce Meal Kits At 2,000 Locations This Year

Walmart To Introduce Meal Kits At 2,000 Locations This Year

Big box retailer Walmart has announced that it will make its meal kits available to over 2,000 stores this year. The meal kits from Walmart will function the same way as those offered by the likes of Blue Apron and will include measured... 
Amazon Said To Be Planning On Launching Checking Accounts

Amazon Said To Be Planning On Launching Checking Accounts

Reports indicate that Amazon is holding preliminary discussions with JPMorgan Chase with a view to developing a checking account-like product meant for its customers. The discussions are however not limited to one financial institutions... 
Baidu’s Video Streaming Service To Be Publicly Listed In The U.S.

Baidu’s Video Streaming Service To Be Publicly Listed In The U.S.

The video streaming service of Chinese online search giant Baidu is being taken public in the United States. Known as iQiyi, the video streaming service intends to raise a minimum of $1.5 billion in the IPO which was filed earlier... 
Apple To Appeal To A Wider Customer Base With More Versions Of The iPhone

Apple To Appeal To A Wider Customer Base With More Versions Of The iPhone

Expectations are high that tech giant Apple will unveil three new versions of the iPhone later in the year. This includes the iPhone X’s successor as well as a successor to iPhone 8 Plus and iPhone 8. Additionally Apple is expected... 
Intel’s 5G Ecosystem Expanded To Include More Players

Intel’s 5G Ecosystem Expanded To Include More Players

Intel has intensified its efforts with regards to 5G as the technology gets closer to mass deployment. Recently the chipmaker launched the new Xeon D-2100 which is targeted at the 5G edge computing. This was preceded by achievements... 
Qualcomm Shows Off Enhanced TrueWireless Stereo Tech

Qualcomm Shows Off Enhanced TrueWireless Stereo Tech

Chipmaker Qualcomm has announced the launch of TrueWireless Stereo Plus which is an enhancement of its TrueWireless Stereo technology. With this technology all external wires will be eliminated and this will provide users with an audio... 
Infosys Gets Top Employer Certification For Its European Operations

Infosys Gets Top Employer Certification For Its European Operations

Software services firm Infosys has received recognition as a leading employer on the European continent including its key markets such as Switzerland, The Netherlands, Germany, France and the United Kingdom. What won the software services...