Wal-Mart acquisition of Mexican Cornershop for $225 million to spur app-based food delivery services

The strategic acquisition has multiple sweet spots: not only it places Wal-Mart on a better footing in its competition with its peer – Amazon.com Inc, it will also provide Wal-Mart crucial learning experience which it can use in other markets. In a move that will enable Walmart Inc to increase its footprint in Chile and…

Apple updates product line with big screen size and diversifies into medical device market

The latest update of its product line is more in the nature of a transitional update rather than transformational one. In an attempt aimed at getting more consumers to upgrade to its latest and more expensive products, Apple has unveiled its biggest iPhone to day; it has also launch a watch that detects heart problems.…

Adobe Systems Inc eyeing to acquire Marketo Inc for more than $1.8 billion

For Adobe the acquisition makes sense since Marketo’s expertise lies in its business-to-business marketing applications which would compliment its own. According to sources familiar with the matter at hand, Adobe Systems Inc is in negotiations to acquire privately held cloud-based marketing software company Marketo Inc. The deal will boost Adobe’s cloud offerings and improve its…

Planned Extension Of EU Law Of ‘Right To Be Forgotten’ Online To Be Fought By Google

The right for individuals “to be forgotten” online that is now applicable as a rule in the European Union has the possibility of being implemented globally. A ruling on this is being expected in 2019 from the European Court of Justice which is currently hearing evidence on the case. But according to arguments put forward…

US Study Notes Popular E-Cigarettes Posses High Levels Of Nicotine

More lives are taken away by smoking cigarettes in the United States than the combined number of deaths because of alcohol consumption, car accidents, HIV, guns and illegal drugs combined claims the American Cancer Society. But is smoking electronic cigarettes or e-cigarettes equally catastrophic? The US market has been flooded with e-cigarettes which are also…

Samsung Electronics opens world’s biggest mobile store in Bengaluru, South India

With India being the second biggest smartphone market in the world, Samsung Electronics’ move underscores its strategy of extending its market lead over its peers, which include low cost Chinese peers and Apple Inc’s smartphones. India, the world’s second-biggest smartphone market, has become the home to Samsung Electronics Co’s biggest mobile store in the world.…

Investor concerns dogs Chinese electric carmaker – NIO Inc’s U.S. IPO

Worries over Tesla’s production are casting their shadow over other electric carmakers who are aiming to produce low-cost mass-market cars. As per sources familiar with the matter at hand, in NIO Inc’s U.S. IPO, the Chinese electric vehicle startup priced its shares at the bottom of its targeted price range due to investor concerns of…

Japan to buy 9 E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft for $3.135 billion

The potential sale will augment Japan’s capability to assess the situational awareness of air and naval activity in the Pacific region. As per a statement by the U.S. State Department, the potential sale of upto 9 E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft have been approved for Japan. The estimated cost of the…