Experts suggest that cloud computing may provide the security that companies are searching for even as high-profile cybercrime such as data theft, ransomware and computer hacks seem to be occurring more frequently and with higher costs. “Cloud computing improves IT security and security professionals need as much help as possible,” said Nick McQuire, vice president…
The question that is making the rounds in the California desert town of Nipton is that will the place be renames as Potsylvania by the new buyers? The question arises after the entire California desert town of Nipton is to be bought over by one of the U.S.’s largest cannabis companies. An old mill town…
Going by its second quarter results, Yelp is chugging along at a great pace with its second quarter results shooting up by 32% from a year ago. Yelp Inc has disclosed it would be divesting its Eat24 business to Grubhub for $287.5 million in cash. The news along with its better-than-expected quarterly results drove up…
Boeing’s focus will be on developing thermal power and its corresponding control systems. The Pentagon has disclosed, Boeing Co has been awarded a a $409 million Air Force contract for developing next-generation thermal power and control systems as part of a government and industry joint effort to develop revolutionary and innovative technologies.
The purchase will bolster its cancer fighting pipeline. Drug manufacturer Bristol-Myers Squibb disclosed it would be acquiring privately held IFM Therapeutics for $300 million. The acquisition, backed by Novartis, will boost its cancer portfolio, since it will be able to access IFM’s preclinical cancer programs. Incidentally, IFM investors are also eligible to additional contingent payments…
In order to build its 34 gigawatt-hour battery factory, Terra E Holding GmbH will choose one of five candidate sites in Germany or a neighboring country next month, said Frankfurt-based Chief Executive Officer Holger Gritzka in an interview. The former ThyssenKrupp AG manager has won government support for the project, which will break ground in the fourth…
As manufacturer BAE Systems Plc struggles to pin down a follow-on order from Saudi Arabia, the biggest export customer for the Mach 2 jet, U.K. output of the Eurofighter Typhoon warplane may be cut. With final assembly at Warton in northwest England, the cornerstone of a military-aircraft business that employs 12,500 people at BAE is…
While announcing an additional $1 billion share buyback, Global miner Rio Tinto noted that a rebound in iron ore prices had helped the mining giant to report its first-half profit that more than doubled compared to what it had generated a year earlier. The company made the announcement on Wednesday. However, Thomson Reuters analysts’ forecast of $4.19…
While there is an element in luck in the way geologists locate these deposits, the new method is more structured and thorough. As per the results of a study, scientists are scouring through huge tracts of data, looking for clues for the deposits of minerals, including, oil, gas, copper and gold. The techniques adopted by…
Although the company is continuing with its investments in shale oil in countries, including Argentina, faced with rising consumer demand for EVs, BP is weighing its options to see how it can meaningful participate and survive in this changing market. London-based BP is holding partnering talks with electric vehicle manufacturers to offer battery re-charging docks…
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