Ronnie Letin, 60, a Belgian, has been described as a “very skilled businessman, technically savvy and strategically versatile”. In efforts aimed at reigning in and reviving its dipping fortunes, mobile equipment maker, Ericsson has selected Ronnie Leten, the former of of Atlas Copco, a mining gear maker, as its new chairman. In July, Ericsson’s chairman…
In order to explain his view that rockets must be reusable if humans are ever to afford space exploration, Elon Musk has used the analogy of destroying a commercial jet after just one flight for years. Now, a way he might profit off that dream, has been discovered by the founder of SpaceX. By launching…
The manner in which the acquisition of London-based artificial intelligence company DeepMind might start to generate revenue rather than just research papers for Alphabet Inc’s Google was shown in the launches of new hardware from the company recently. For a cost of reported $400 million, Alphabet had bought DeepMind in 2014. better than any human on the…
Two analysts at Leerink Partners said that Amazon is poised for a direct threat to the U.S.’s biggest brick-and-mortar drugstore chains and the e-commerce company is almost certain to enter the business of selling prescription drugs by 2019. “It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to…
Tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to help Puerto Rico, Tesla Inc Chief Executive Elon Musk on Friday pushed back the unveiling of the company’s big rig truck until mid-November. Echoing his own comments in July, when he showed off some…
On his historic, four-day state visit to Russia, Saudi King Salman bin Abdulaziz brought 1,500 people, a golden escalator and his own carpets, reported the media quoting people familiar with the matter. The special escalator he travels with was used by the 81-year-old leader of the Gulf kingdom after he exited his plane late Wednesday and stepped out…
Saying the gathering might represent “the calm before the storm”, while posing for photos with military leaders, U.S. President Donald Trump offered cryptic remarks on Thursday. Ahead of a dinner expected to include the discussion of a range of national security issues, he made the comments among senior military leaders and their spouses in the White…
While Switch had projected its listing price to be in the range of $14 to $16, it’s share price broke all expectations and was listed at $17, much to the cheer of investors. In a significant development, Switch Inc has raised $531.3 million from its initial public offering wherein it had priced its share at…
HP had announced the deal in September 2016. Now that it has got all necessary regulatory approvals, it expects to close the acquisition by December 31. In a major development HP Inc has approved China’s regulatory approval for its $1.1 billion acquisition of Samsung Electronics’ printer business. However, the go ahead has come with a…
Complete with three white stripes down the side, pea-size beads of white plastic pour into what looks like a minivan-size Adidas shoe box in a production hall as clean as a hospital. With only one worker needed to wedge in pieces of plastic called stability bars, in just a few seconds the machine heats and…
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