The department store chain Macy’s announced retrenchment of about 100 jobs in its management category as a part of the company’s efforts to cut down costs and enhance profitability even as sales continue to fall. In the fourth quarter, the company however performed better than the market expectations which were lowered earlier. However the company…
Owner and founder of US electric car maker Tesla, Elon Muskm is again embroiled in a controversy with the Securities and Exchange Commission (SEC) of the United States. A US judge has been asked by the SEC to hold Elon Musk in contempt for violating a settlement agreement which resulted in a drop in the…
As a part of its restructuring plan and to further focus completely on its core business some of the peripheral businesses are being sold off by the once sprawling conglomerate General Electric. The company announced the selling off its biopharma business to Danaher Corp. for $21.4 billion. Last year, revenue of $3 billion was generated…
Car maker Peugeot has announced that its portfolio would soon have a full-electric version of its new-generation 208 hatchback and some of its smaller cars would be made more upscale by the addition of newer technology and materials that one can usually find in the more costly high end cars made by the company such…
Intel sees 5G as not just about faster internet speeds for smartphones. It sees this as an opportunity to play a significant role in the 4th industrial revolution. On Monday, Intel Corp, the world’s second biggest chip maker by revenue, announced new partnerships and chips. Although Intel got into the wireless data business with the…
Unlike smartphones which recognize faces, LG’s offering can scan the vein structure of a user’s hands in 3D. In a first, South Korea’s LG Electronics has unveiled a 5G smartphone featuring a dual screen, underscoring new design efforts by the company to revive flagging sales. Both screens work independent to each other on the LG…
Augmented Reality technology has the potential to improve the efficiency of businesses ranging from users at a factory floor to doctors and those at a farm. In its second push at Augmented Reality, Microsoft unveiled the latest edition of its HoloLens augmented reality headset with promises that it provides a more immersive augmented reality experience…
