Some bankers and potential investors are pressing the Toshiba Corp’s board to seriously consider alternatives, people with direct knowledge of the sale process said – including picking a new buyer as the $18 billion sale of Toshiba Corp’s memory chip unit to a government-approved consortium falters. Toshiba prefers selling the world’s second-largest memory chip maker…
The European planemaker Airbus was handed a new headache over what to do with jets worth $1.2 billion at list prices as it tries to close a sales gap with rival Boeing after Qatar Airways has axed orders for four A350s because of delivery delays, Airbus said. The decision means that it could cost Airbus $60-80…
The company is staring at liquidation. Although its founder and CEO was quick to change business to Jawbone Health Hub, that caters to the niche market of medical wearables, according to sources, that business too is struggling to take off. According to sources familiar with the matter at hand, Jawbone, the company that was famed…
With a market presence across the EU and Latin America, the tech startup has managed to significantly trim its losses and if its revenues continue on this trend, it is set to post a profit in this financial year. On Thursday, mobile payment solutions company iZettle disclosed, with its revenue surging significantly this year and…
From cybersecurity to drones and from navigation to imaging, products that have made the jump from military application to civilian markets, both software and hardware, are brimming up in Israel’s high-tech industry. And the more impact the technology is likely to have, when its military reputation is bigger. The air defense system Iron Dome that…
In an effort to reduce car ownership and curb growing traffic congestion in major cities, India is examining the use of private vehicles as shared taxis, reported Reuters citing sources familiar with the matter. In order to assess the economic and environmental impact of using private cars as taxis, commercial partnerships with companies including ride-sharing…
Fireglass specializes in the domain of browser isolation technology. On Thursday Symantec Corp disclosed it is acquiring Israeli cyber security startup Fireglass in a deal designed to boost its cyber security defenses for its products. Symantec has yet to disclose the terms of the deal as well as the price for the acquisition of the…
As per the results of an initial analysis by Cisco’s Talos unit, the motive for the cyberattacks has been established. The Ukrainian software company that hackers used to launch their global cyberattack warned that all nodes on its network have been compromised by hackers. As per investigators, the virus, dubbed as “NotPetya” by experts, not…
An agreement for cross-licensing of patents between Finland’s Nokia and Chinese smartphone maker Xiaomi will allow both the companies to make use of each other’s patents for the purpose of development of new products as announced by the companies on Wednesday. The licenses for the so-called standard essential patents — patents which are essential to allow products…
According to a wide-ranging report that tackles the future of machines in relationships, sex robots could actually “reinforce illicit sexual practices” and will be unlikely to prevent sex crimes like rape and pedophilia. The impact these machines could have on society were highlighted in the paper, called “Our Sexual Future With Robots” by the non-profit…
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