The largest retailer of the world – Walmart, is reported to be taking a diversification route after reports of the retailer holding deliberation with health insurer Humana to for an acquisition surfaced recently. According to a news report published in the Wall Street Journal, preliminary talks are being held by the two companies which show…
According to the official figures of the U.K. government, during the end of last year, compared to the eight nuclear power stations that generate electricity in the country, windfarms and solar panels managed to generate more electricity for the first time ever. Driven by the declining use of coal for power generation and the rising…
A controversial investment firm has bought over one of the oldest engineering form in the U.K. for a deal worth £8.1 billion. The efforts to stay independent was ultimately lost by GKN – that has played a role in manufacturing everything from Minis to Spitfires. 52% of GKN shareholders backed the sell-off of the firm…
Chinese IT company Huawei is doing good in all of the global markets that it is operating in except the U.S. where it is facing stiff challenges from the government and others. A profit growth of 28% – totaling $7.3 billion, for 2017 was reported by the Chinese tech company on Friday, in comparison, there…
Fitness apparel maker Under Armour acquired MyFitnessPal for $475 million in in 2015. It has now issued an alert on its website urging users to change their password immediately, as it monitors and works with law enforcement and data security firms to secure its systems. In a cyber attack that resulted in the leak of…
Uber Technologies’ deal to sell its Southeast Asian operations to rival Grab, announced earlier this week on Monday, is drawing flak from Singapore’s Competition Commission since it allegedly violates the country’s competition rules. On Friday, Singapore’s antitrust regulators said, it had grounds to believe that ride-services firm Uber Technologies Inc’s efforts to sell its Southeast…
Amazon.com Inc. has been able to seal support of the millennial shoppers, their parents and most of their grandparents. However, the largest e-commerce firm in the world has not been able to tap one group of potential customers. A big challenge to Amazon is posed by teenagers who are also known as Generation Z. This…
Although a few of its systems were affected by malware, due to timely remedial measures neither deliveries nor production was affected by the intrusion. Boeing Co’s vice president stated the planemaker had “detected a limited intrusion of malware” that had affected “a small number of systems”. Media reports that malware had caused disruptions in Boeing…
The deal sees Fujifilm spreading its revenue sources by investing in biotech firms involved in regenerative pharmaceuticals and medicine. The fate of its acquisition of Xerox is still uncertain as it faces strong headwinds from activist investors Carl Icahn and Darwin Deason. In efforts aimed at boosting its healthcare business, Fujifilm Holdings said it would…
The strategic move could help ease antitrust concerns for Chinese regulators. In a strategic move, NXP Semiconductors NV, a U.S. chipmaker who was the target of a $44 billion takeover bid by Qualcomm Inc, sold its stake in a Chinese chip design joint venture firm. As per a stock exchange filing, NXP sold its 40%…
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