Majority stock owners of Xerox Corp, Carl Icahn and Darwin Deason, have called on the firm to renegotiate the terms of agreement with Fujifilm in Fuji Xerox, a joint venture between the two which they say appear to be lopsided towards Fujifilm. In an open letter addressed ti shareholders of Xerox Corp, activist investor Carl…
While Mellanox clocked 19% to 30% in revenues in 2014 to 2016, its current revenue target is 0.5%. Starboard Value LP, an ativist hedge fund has begun a proxy fight for control of Mellanox Technologies Ltd, an Israeli chipmaker, which it said is deeply undervalued. Starboard, holding a 10.7% stake – the largest shareholder of…
This is the largest spending plan announced by any firm following the historic Republican-led revision of the U.S. tax bill. Following the successful passing of the U.S. tax bill which introduces deep tax cuts for corporates, Apple Inc stated it will open a new campus, as part of a five-year $30 billion U.S. investment plan,…
Having acquired Opel from GM, Peugeot SA is now banking on the expertise of Opel’s engineers to surge back in the race of automated, autonomous self-driving vehicles. In a significant development, Carlos Tavares, the CEO of French automaker Peugeot SA disclosed that it will capitalize on Opel’s engineering know-how to develop electric vehicles and re-enter…
The move underscores the growing importance of technology in the banking sector. On Wednesday, Standard Chartered disclosed that it has established a business unit which will promote innovation and which will invest in financial technology. While one part of SC Ventures, its business unit which will include internal consultants to help resolve issues with the…
Investors who are averse to investing in bitcoins have now the opportunity to tap the excitement surrounding the cryptocurrency by investing in ETS that invest on blockchain technology to cut costs. Investors looking to tap the excitement surrounding bitcoin technology are likely to get a new opportunity this week since from Wednesday, the shares they…
These questions by the U.S. lawmakers underscores the fact that the U.S. Congress is sensitive to these critical vulnerabilities which can be exploited by state backed hackers to gain access to virtually any modern computing device. A Democratic U.S. lawmaker has requested a briefing on the recently disclosed critical vulnerabilities, Meltdown and Spectre, that hackers…
In the next five years, investments of over $11 billion would be made by Ford in electric vehicles. This would be more than double of the investment that the company had announced earlier, Ford said. By 2022, there would be 40 hybrid and fully electric vehicles in its repertoire of electric vehicles, said Chairman Bill…
Plastic packaging for all of the own brands of retailer Iceland would be eliminated in what is the first of its kind commitment by a major retailer. With the aim to help end the “scourge” of plastic pollution, it would be just five years that the retailer would go completely plastic free. This supermarket chain…
BlackBerry Jarvis is a new cyber security software from BlackBerry which identifies vulnerabilities in programs used in self-driving vehicles, industrial automation and in the healthcare industry. Canadian software maker BlackBerry Ltd has launched Blackberry Jarvis, a new cybersecurity software which identifies vulnerabilities in programs used in self-driving cars. By targeting its software at this…
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