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Ebang Communication Resorts To The Filing Of An IPO In Hong Kong
One of the leading Bitcoin (BTC) mining hardware manufacturers in China Ebang Communication in a bid to conform to the regulations of the Hong Kong Stock Exchange (HKEX) has filed its application for an initial public offering... More of this article »
How to Open DAA, VCD, NRG, IMG, MDF Files
DAA The abbreviation DAA stands for Direct Access Archive. Files with the extension .daa contain files with the images recorded on CD/DVD. Files in the DAA format are associated with the PowerISO file processing tool. Files with the... More of this article »
Smart or Risky? 3 Ways to Tell if Your Next Business Move will be a Mistake
People everywhere are looking for new business ideas. However, only some of those ideas end up being successful business moves. But how can you know if your next business move will be a success or a mistake? Continue reading to learn... More of this article »
Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory
Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that... More of this article »
Flagstar Bancorp Acquires 52 Retails Branches Belonging To Wells Fargo
Flagstar Bancorp today announced that it will soon purchase 52 Wells Fargo & Co branches. That will be in about four states not forgetting the 14 branches in the Upper Peninsula of Michigan. Plans underway A person well conversant... More of this article »
UK Government Unloads Another Stake In Royal Bank Of Scotland (RBS); Bailout Losses Reach $5.4 Billion
The UK government recently unloaded yet another portion of its majority stake in the Royal Bank of Scotland (RBS) taking the bailout losses amount to $5.4 billion. According to a report, the Scottish bank sold 925 million shares for... More of this article »
AmazonEcho Speakers And Alexa To Be Unveiled In France From Next Week
It was today that Amazon pronounced that Alexa and Echo speakers were now readily available in France calling upon customers to rush and take advantage of the discounts. Echo and Echo Dot speakers will be launched in France over the... More of this article »
China’s Three Internet Giants Opt To Invest In FII IPO
10China’s internet leaders, Alibaba, Baidu, and Tencent have decided to purchase shares in Foxconn Industrial Internet (FII), a major manufacturing partner of Apple’s iPhone. The move has puzzled the industry since the three are... More of this article »
Uber Develops Flying Taxi Center In Paris
Uber announced recently that it’s preparing to launch a flying taxis technology center in Paris. The center will facilitate the movement of people around the cities by flying them in and out. The firm is devoted to its Elevate program... More of this article »
Deutsche Bank Plans To Slash Over 7,000 Jobs
Deutsche Bank announced recently that plans are underway to realign its internal processes to bring down the operating costs that have hurt its profits for a long period of time. The bank intends to reduce its workforce from the current... More of this article »
Samsung And Apple Back In Court As Patent Battle Is Revived
Smartphone makers Samsung and Apple will face off again in court over a patent dispute which dates back to 2011. In the latest chapter the two tech giants are trying to determine the amount that Samsung owes Apple in financial damages... More of this article »
Apple And Goldman Sachs To Offer A Credit Card Jointly
Reports indicate that Apple and Goldman Sachs are partnering with a view to jointly unveiling a credit. This will be the first time that Goldman Sachs will be entering the plastic payments space. The move will also expand the footprint... More of this article »
JPMorgan Chase Eyeing Chinese Approval To Launch Joint Venture
The biggest bank in the United States by assets, JPMorgan Chase is on the hunt for regulatory approval in China as it seeks to unveil a new brokerage. This comes after restrictions placed on financial firms with regards to ownership... More of this article »
International Flavors & Fragrances To Shell Out $7.1 Billion To Acquire Frutarom
International Flavors & Fragrances has reached an agreement to acquire Frutarom, a maker of ingredients and flavors based in Israel at a price of $7.1 billion. The transaction will involve both cash and stock. After Givaudan, a... More of this article »
Gramercy Property To Be Acquired By Blackstone For $7.6 Billion
Blackstone Group, a private equity firm based in the United States, intends to acquire Gramercy Property Trust at a price of $7.6 billion in an all-cash deal. The U.S. private equity firm will purchase all of Gramercy’s outstanding... More of this article »
Boeing To Spend $3.2 Billion On KLX Acquisition
Reports indicate that Boeing will acquire KLX Inc, an aerospace parts distributor, at a price of $3.25 billion. Under the deal Boeing will spin off the energy business of KLX. This is part of the strategy by the biggest planemaker... More of this article »
Guitar Maker Gibson On The Verge of Bankruptcy
Guitar manufacturer, Gibson, has filed for bankruptcy after struggling with debt for years. A reorganization plan that was pre-negotiated will allow the guitar maker to continue operations as it receives financing amounting to approximately... More of this article »
Israeli Startup Sues Apple Over Dual-Lens Camera Technology
A lawsuit has been filed against Apple over an alleged infringement of a patent by an Israeli startup known as Corephotonics. According to the startup the dual-lens cameras that are present in the iPhone X and iPhone 8 Plus that Apple... More of this article »
Cryptocurrency Traders to Receive Protection from Moscow’s Private Security Firms
With the rise in criminal activities in the cryptocurrency market, people are a bit confused whether they should continue to do transactions on Bitcoin (BTC) platform or not. Recent news about snatching of BTC worth millions by crypto... More of this article »
U.S Investigation Of Huawei Technologies Over Iran Sanctions Violation May Affect U.S.-China Trade Talk
Huawei Technologies Co.Ltd., the largest Chinese maker of telecommunications equipment is facing a probe from the Federal Bureau of Investigation under the U.S. Justice Department for possible violation of Iran sanctions. Simultaneously,... More of this article »
LendingClub Sued By Federal Trade Commission Over Misleading Claims
Online lender LendingClub has been accused by U.S. regulators of making misleading claims with regards to hidden fees as well charging borrowers after they had repaid their loans. In a complaint the U.S. Federal Trade Commission indicated... More of this article »
Facebook Is Searching For Engineers To Design Its Own Chips
Facebook announced recently that it’s searching for experts in both ASIC and FPGA custom silicon designs. According to Bloomberg, some close sources pointed to the new job listing revealing that the company is looking for a manager... More of this article »
Lockheed Martin Secures A Contract To Build Massive Hypersonic Weapons For The US Air Force
Lockheed Martin has won a huge contract worth $928 million to build an air-launched hypersonic conventional strike missiles for the US Air Force that are five times faster than the normal speed of sound according to a statement from... More of this article »
Procter & Gamble To Expand Its Portfolio By Acquiring German Merck’s Consumer Health Unit
Procter & Gamble announced recently that it has signed an agreement with Merck KGaA’s consumer health entity for $4.21 billion to expand its growing health care market segment particularly in the Latin America and Asian markets.... More of this article »
Reports That Mylan Is Acquiring The Consumer Unit Of Merck KGaA Denied
Pharmaceutical firm Mylan has denied reports that suggested it was interested in acquiring the consumer health care unit of Merck KGaA. According to a spokesperson for Mylan, the reports which were attributed to Reuters were false.... More of this article »
Royal Dutch Shell Divests From Gaza Gas Project
Oil major Royal Dutch Shell has disclosed plans to offload a 90% interest in a gas project located in Gaza. Palestine Investment Fund will acquire Shell’s stake as the oil giant progresses with the $30 billion divestment target.... More of this article »
Business Chat Launched On iMessage As Apple Targets Businesses
The beta version of Apple’s Business Chat has been launched for users in Canada and the United States giving users a new way of communicating with businesses. With Business Chat users will be able to contact customer service, schedule... More of this article »
Broadcom’s Move Back To The United States Completed
Chipmaker Broadcom has announced that efforts to redomicile itself from Singapore to the United States had been successfully completed. Prior to the acquisition of Broadcom by Avago of Singapore in 2016 Broadcom was an American firm.... More of this article »
Google Cloud And CSRA Extend Partnership
Google Cloud and information technology services provider CSRA recently extended their partnership with a view to meeting the needs of clients in the government. This is expected to increase the exposure of Google Cloud with regards... More of this article »
Falling Sales Lead Remington To File For Bankruptcy
Remington Outdoor, the oldest gun maker in the United States, has as a result of slumping sales filed for bankruptcy. The company which was started more than two centuries ago made the move in order to reach an agreement with creditors.... More of this article »
How Arista Networks Could Take On Cisco In Totally New Market
Arista Networks is likely to become a key player in a fast-growing field of software-defined and the larger area of networks through an acquisition that is at its advanced stage of execution. This is according to an analyst who gave... More of this article »
Sam’s Club To Partner With Instacart In Food Groceries
Sam’s Club, a warehouse chain owned by Walmart, has announced a partnership with delivery firm Instacart that will see its customers get same-day service. The warehouse chain joins a growing list of retailers who are joining hands... More of this article »
Berkshire Hathaway Expands In Real Estate By Adding A German Franchisee
Berkshire Hathaway HomeServices, a real estate firm under the control of Berkshire Hathaway, has announced Rubina Real Estate GmbH as its franchisee outside the United States. According to Berkshire Hathaway HomeServices Rubina was... More of this article »
Visa In Efforts To Popularize Contactless Payments For Public Transport
Financial services firm Visa has disclosed that it has inked agreements with 14 tech firms drawn from 10 nations as part of a program to promote contactless payments solutions in public transportation. The program will see Visa partner... More of this article »
Ericsson Launches IoT Accelerator Marketplace In Anticipation Of 5G
Ericsson has announced that it will be launching an IoT Accelerator Marketplace aimed at assisting in addressing the need for partnerships in the digital ecosystem. This is with a view of benefitting developers as well as service providers. Application... More of this article »
Center Of Excellence Launched By PTC India And Infosys
Infosys Limited and PTC India recently launched a joint Center of Excellence at the former’s Bengaluru campus. The center is expected to come up with premium solutions that will be deployed in brownfield and greenfield industrial... More of this article »
Oracle Netsuite Inducts New Partners Into Its Collaboration Program
Oracle Netsuite has disclosed that new partners have become part of its solutions provider program. These new partners include Vibrant, Softengine, Smartbridge and ERA Consulting Group. The partnership will see clients offered new... More of this article »
Automatically Updating Emails To Be Introduced By Google
Plans are underway to make Gmail dynamic ensuring that emails are able to feature information that is continuously updating. This would also see emails get more interactive. For instance in the case of an email containing flight booking... More of this article »
Apple To Accept Alipay At Its Chinese Retail Outlets
Apple has announced that it will begin accepting the Alipay mobile payment app in its Chinese retail outlets. The developments comes as the Cupertino, California-based tech giant tries to get back on a growth trajectory in China, the... More of this article »
AT&T To Publicly List DirecTV Latin America
Reports indicate that telecommunications giant AT&T is planning to split its operations in South America from the main business via an IPO which could net the core business of the carrier billions of dollars. Already the No. 2... More of this article »
Israel Courts Walmart As It Seeks To Diversify Economy
Reports indicate that the Prime Minister of Israel, Benjamin Netanyahu, and a senior executive at Walmart discussed the possibility of the largest retailer in the world investing in the Middle Eastern country. This was during the recently... More of this article »
Cisco Systems Offloads VMware As It Purchases Aquantia Corp
According to the latest filings Cisco Systems bought shares of Aquantia and sold those of VMware during the fourth quarter of the 2017 calendar year. By the close of last year the total value of Cisco’s holdings in six stocks was... More of this article »
McDonald’s Tops Rankings Of Social Media’s Most Visible Brand
A survey has indicated that fast food giant McDonald’s has the highest visibility level on social media platforms such as Instagram and Twitter. The fast food giant is thus even more visible on the two social media platforms than... More of this article »
Digital Video And Television Expected To Balloon In The Next Five Years
A new report by consultancy firm Juniper indicates that the digital video and television sector will worth approximately $119.2 billion by 2022 having grown from a figure of $64 billion recorded last year. The sector includes heavy... More of this article »
Indonesian Ride-Hailing Service Go-Jek Gets Investment From Google
Go-Jek, Indonesia’s ride-hailing service firm, has received an investment from Google. According to the Mountain View, California-based tech giant the investment is part of the firm’s goal to grow the start-up scene and digital... More of this article »
Chevron To Invest $630,000 In Initiative Aimed At Closing Skills Gap
Chevron Appalachia has indicated that it is making an investment of $630,000 in programs that will benefit four technical and community colleges. The beneficiaries of the funds will be Stark State Community College, Pierpont Community... More of this article »
Kimberly-Clark To Cut Jobs And Close Plants Amid Sluggish Sales
Kimberly-Clack Corporation has announced that it will be slashing around 13% of its workforce globally, or around 5000 jobs. This is due to the stagnation in the growth of sales in household staples that includes such brands as Kleenex... More of this article »
Biocon And Novartis Ink Partnership On Biosimilars
Biocon Ltd has inked a deal with Novartis AG allowing the development of copycat biologic drugs made by a unit of the latter, Sandoz, by the former. This is the latest deal to be made by Biocon after a similar one with Mylan NV turned... More of this article »