Lockheed Martin Secures A Contract To Build Massive Hypersonic Weapons For The US Air Force

Posted by Marion Hillson on Apr 25th, 2018 // No Comments

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...

Procter & Gamble To Expand Its Portfolio By Acquiring German Merck’s Consumer Health Unit

Posted by Marion Hillson on Apr 23rd, 2018 // No Comments

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....

Reports That Mylan Is Acquiring The Consumer Unit Of Merck KGaA Denied

Posted by Marion Hillson on Apr 16th, 2018 // No Comments

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....

Royal Dutch Shell Divests From Gaza Gas Project

Posted by Marion Hillson on Apr 13th, 2018 // No Comments

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....

Business Chat Launched On iMessage As Apple Targets Businesses

Posted by Marion Hillson on Apr 11th, 2018 // No Comments

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...

Broadcom’s Move Back To The United States Completed

Posted by Marion Hillson on Apr 9th, 2018 // No Comments

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....

Google Cloud And CSRA Extend Partnership

Posted by Marion Hillson on Apr 6th, 2018 // No Comments

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...

Falling Sales Lead Remington To File For Bankruptcy

Posted by Marion Hillson on Apr 4th, 2018 // No Comments

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....

How Arista Networks Could Take On Cisco In Totally New Market

Posted by Marion Hillson on Apr 2nd, 2018 // No Comments

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...

Sam’s Club To Partner With Instacart In Food Groceries

Posted by Marion Hillson on Mar 20th, 2018 // No Comments

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...

Berkshire Hathaway Expands In Real Estate By Adding A German Franchisee

Posted by Marion Hillson on Mar 7th, 2018 // No Comments

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...

Visa In Efforts To Popularize Contactless Payments For Public Transport

Posted by Marion Hillson on Mar 2nd, 2018 // No Comments

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...

Ericsson Launches IoT Accelerator Marketplace In Anticipation Of 5G

Posted by Marion Hillson on Feb 28th, 2018 // No Comments

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...

Center Of Excellence Launched By PTC India And Infosys

Posted by Marion Hillson on Feb 25th, 2018 // No Comments

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...

Oracle Netsuite Inducts New Partners Into Its Collaboration Program

Posted by Marion Hillson on Feb 17th, 2018 // No Comments

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...

Automatically Updating Emails To Be Introduced By Google

Posted by Marion Hillson on Feb 15th, 2018 // No Comments

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...

Apple To Accept Alipay At Its Chinese Retail Outlets

Posted by Marion Hillson on Feb 12th, 2018 // No Comments

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...

AT&T To Publicly List DirecTV Latin America

Posted by Marion Hillson on Feb 10th, 2018 // No Comments

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...

Israel Courts Walmart As It Seeks To Diversify Economy

Posted by Marion Hillson on Feb 8th, 2018 // No Comments

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...

Cisco Systems Offloads VMware As It Purchases Aquantia Corp

Posted by Marion Hillson on Feb 6th, 2018 // No Comments

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...

McDonald’s Tops Rankings Of Social Media’s Most Visible Brand

Posted by Marion Hillson on Feb 3rd, 2018 // No Comments

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...

Digital Video And Television Expected To Balloon In The Next Five Years

Posted by Marion Hillson on Feb 1st, 2018 // No Comments

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...

Indonesian Ride-Hailing Service Go-Jek Gets Investment From Google

Posted by Marion Hillson on Feb 1st, 2018 // No Comments

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...

Chevron To Invest $630,000 In Initiative Aimed At Closing Skills Gap

Posted by Marion Hillson on Jan 30th, 2018 // No Comments

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...

Kimberly-Clark To Cut Jobs And Close Plants Amid Sluggish Sales

Posted by Marion Hillson on Jan 25th, 2018 // No Comments

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...

Biocon And Novartis Ink Partnership On Biosimilars

Posted by Marion Hillson on Jan 23rd, 2018 // No Comments

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...

Verizon And National Basketball Association Ink Streaming And Content-Creation Deal

Posted by Marion Hillson on Jan 21st, 2018 // No Comments

Verizon Communications and the National Basketball Association have struck an agreement which will see the relationship between the two extended beyond the streaming of league games to creation of content as well as availing augmented...

Airbus Expects To Be The Leading Plane Maker In Three Years

Posted by Marion Hillson on Jan 19th, 2018 // No Comments

Airbus has predicted that it will regain the pole position in the market for commercial planes by 2020. According to a top executive of the aircraft maker, Airbus will achieve its goal by outproducing Boeing, its U.S. rival. Fabrice...

JD.com Sets A Fundraising Target Of $2 Billion For Logistics Unit

Posted by Marion Hillson on Jan 17th, 2018 // No Comments

JD.com, the second-largest online retailer in China, has launched a fundraising round for its logistics unit. The e-commerce giant aims to raise a minimum of $2 billion. According to sources the Chinese online retail giant intends...

Google To Take New Look’s Lease In London’s High Street

Posted by Marion Hillson on Jan 13th, 2018 // No Comments

Alphabet has been assigned the lease for the planned London headquarters of U.K. retailer, New Look Retail Group. The value fashion firm which is part-owned by Christo Wiese, a South African billionaire, had planned to take occupation...

Oil Heist Uncovered In Singapore At Shell’s Largest Refinery

Posted by Marion Hillson on Jan 11th, 2018 // No Comments

Investigations are underway involving an oil heist at the biggest refinery of Royal Dutch Shell in Singapore. So far eleven men have been charged in court while six others were being investigated over the theft that took place over...

UnitedHealth Group Makes An Offer To Buy South American Health Firm Banmedica

Posted by Marion Hillson on Jan 6th, 2018 // No Comments

UnitedHealth Group has announced that it is launching an offer to purchase Empresas Banmedica SA, an insurer and health-care provider based in Chile, South America, at a price of approximately $2.74 billion. This is part of the group’s...

Taiwan Semiconductor Manufacturing Company To Produce Qualcomm’s Next-Gen Chip

Posted by Marion Hillson on Jan 4th, 2018 // No Comments

Reports indicate that Qualcomm’s Snapdragon 855 chip will be produced by TSMC – Taiwan Semiconductor Manufacturing Company. According to the reports the next-generation mobile processor from Qualcomm will be produced on a mass...

Kuwait Inks Natural-Gas Importation Agreement With Royal Dutch Shell

Posted by Marion Hillson on Jan 2nd, 2018 // No Comments

Kuwait Petroleum Corporation and Royal Dutch Shell have signed a 15-year deal to import natural gas in order to meet the growing domestic energy needs of the oil-exporting country. The sales purchasing deal was inked with a subsidiary...

Target To Acquire Shipt In A Bid To Better Compete With Amazon

Posted by Marion Hillson on Jan 2nd, 2018 // No Comments

Reports indicate that Target is set to purchase Shipt, an app-based delivery service, at a price of $550 million. The deal is expected to place Target in a better position to compete with Amazon. It also caps of a year where traditional...

Cafeteria Workers At Yahoo’s Sunnyvale Campus Vote To Unionize

Posted by Marion Hillson on Dec 26th, 2017 // No Comments

A vote was taken this week by 118 cafeteria workers stationed at Verizon-owned Yahoo allowing them to unionize. According to the union that will be representing the cafeteria workers, the move will place the workers in a better position...

Walt Disney Acquires 21st Century Fox’s Entertainment Assets As It Eyes Streaming

Posted by Marion Hillson on Dec 23rd, 2017 // No Comments

The deal by Walt Disney to acquire the entertainment assets of 21st Century Fox values the Rupert Murdoch media empire at approximately $75 billion or more than $40 a share. Among the entertainment assets that Disney will acquire from...

Google And Microsoft Not Happy With Broadcom’s Intended Acquisition Of Qualcomm

Posted by Marion Hillson on Dec 20th, 2017 // No Comments

Reports indicate that Google and Microsoft have expressed concerns over Broadcom’s bid to acquire Qualcomm. According to sources the two tech giants are concerned that the deal would give Apple undue influence. Additionally Google...

Microsoft’s Share In Education Market Growing At Google’s Expense

Posted by Marion Hillson on Dec 18th, 2017 // No Comments

While Google’s Chromebook still leads in the education market in the United States, Microsoft is gaining ground internationally. Consultancy and research firm Futuresource Consulting found that in the third quarter the demand for...

Ruling Allows Luxury Brands To Block Selling On Amazon

Posted by Marion Hillson on Dec 16th, 2017 // No Comments

The CJEU (Court of Justice of the European Union) has delivered a ruling to the effect that brands in the luxury category are allowed to block the selling of their products by distributors via third-party online platforms including...

Microsoft In Plans To Overhaul Its Campus To Align With Trends

Posted by Marion Hillson on Dec 14th, 2017 // No Comments

The Redmond, Washington-based software maker Microsoft is planning on constructing 18 buildings which will house an additional 8,000 workers. This will be at its current Redmond headquarters which has been Microsoft’s home for over...

Apple Files Countersuit Against Qualcomm As Patent Feud Rages

Posted by Marion Hillson on Dec 11th, 2017 // No Comments

A countersuit has been filed by Apple accusing Qualcomm of patent-infringement. Per the countersuit Apple alleges that the Snapdragon chips that Qualcomm makes, and which are mostly used in mobile devices running on the Android operating...

Snapchat Unveils A Redesigned App As Promised Earlier By CEO

Posted by Marion Hillson on Dec 8th, 2017 // No Comments

Snapchat has redesigned its app with a view to luring more advertisers and users and hopefully revive revenue. Following three quarters since going public in which sales have been disappointing, the disappearing-message firm said that...

Google To Move Into New Offices In Downtown Detroit

Posted by Marion Hillson on Dec 5th, 2017 // No Comments

Executives of Google as well as officials of real estate firm Ilitch Holdings have announced that the online search giant has leased new office space in downtown Detroit. The new office in a planned residential, office and retail development...

Honda To Reach Out To Vehicle Owners Affected By Takata Recall Via Facebook

Posted by Marion Hillson on Dec 2nd, 2017 // No Comments

A couple of years after government officials in the United States waded into the Takata airbag recall saga where millions of vehicles were affected, there is a significant number of cars that are yet to be repaired. Japanese auto manufacturer...

Baidu Likely To Become Global Market Leader In Driverless Cars

Posted by Marion Hillson on Nov 29th, 2017 // No Comments

Due to heavy state support, commercial partnerships and algorithms Chinese online search giant Baidu could end up being the dominant force in the autonomous car sector beating American firms such as Google, Tesla and Uber according...

Ford Introduces Hybrid Sedan For Public Service Employees

Posted by Marion Hillson on Nov 26th, 2017 // No Comments

Automaker Ford has unveiled a plug-in hybrid vehicle which has a capacity to travel approximately 21 miles on one charge. The hybrid sedan is aimed at fire chiefs, detectives, police and other public service employees. To charge the...

ExxonMobil And Partners To Raise Capacity At Abu Dhabi’s Upper Zakum Field

Posted by Marion Hillson on Nov 23rd, 2017 // No Comments

Inpex Corp of Japan, Abu Dhabi National Oil and ExxonMobil have reached an agreement aimed at increasing the output capacity of an oil field in Upper Zakum to reach a level of one million barrels a day by 2024. According to a statement...

Amazon To Sell Its Chinese Cloud Computing Physical Infrastructure

Posted by Marion Hillson on Nov 20th, 2017 // No Comments

Online retail giant Amazon has disclosed that it is disposing of hardware belonging to its Chinese public cloud business. This comes amidst the tightening of online data regulations in the second biggest economy in the world. Amazon’s...

Global Operations Of Wells Fargo Now Exclusively Powered By Green Energy

Posted by Marion Hillson on Nov 16th, 2017 // No Comments

U.S. lender Wells Fargo has disclosed that all its electricity consumption globally will be from renewable energy sources this year. The lender had earlier committed to purchasing renewable energy with a view to having all its global...

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