The cyber attack caused disruption to production systems in the Saturday edition of a number of newspapers, all of whom shared a common production platform. According to a report from the Los Angeles Times, a cyber attack, that appeared to originate outside the U.S., caused significant printing and delivery disruptions at several U.S. newspapers including…
Phillip Frost, 82, who according to Forbes magazine is worth $1.9 billion, was charged by the SEC, along with other defendants, of defrauding investors and made $27 million in improper gains. He has now settled the SEC charge by paying $5.52 million. Phillip Frost, Florida’s biotechnology billionaire has agreed to settle with the U.S. Securities…
The contract is for developing advanced hardware in support of the F-35 Lightning II aircraft. In a statement the Pentagon stated, Lockheed Martin Corp has been awarded a $712 million U.S. defense contract for the development of advanced hardware for the F-35 Lightning II aircraft.
The strategic move can potentially benefit both Apple and Foxconn as it can significantly diminish the impact of the U.S.-China trade war, as well as take advantage reduced import duties. According to a source familiar with the matter at hand, Apple Inc will begin assembling its high-end iPhones in India through a local unit of…
Despite investing heavily into automated driverless train and trucking solutions to haul ore to its port operations, Rio Tinto Plc stated, it will not be trimming jobs in 2019. On Friday, Australian mining company Rio Tinto Plc stated although it has deployed automated heavy-haul trains to slash costs, it however does not expect to trim…
The NCA is investigating whether a government translator with access to wiretap recordings has tipped-off the target of an insider-trading investigation. As per a report from the Wall Street Journal, the UK National Crime Agency (NCA) is examining allegations that an employee has leaked information to a suspect for money, thus undermining a probe into…
Sigfox has collaborated with conservationists and specialized groups, including the International Rhino Foundation, to develop this tiny sensor. In a development that could potentially positively impact the environment, Sigfox, a French tech company has developed a bite-size tracker that once inserted into the horns of rhinoceros can help conservationists track, monitor and protect the endangered…
This strategic investment aligns multiple sweet spots: in a single stroke Elon Musk is increasing Tesla’s footprint in China, the world’s biggest auto market, boosting production capacity and export potential while facing Chinese EV startups head-on. In a development that marks Tesla’s latest attempt to boost its footprint in China, as per a local business…
For Intel, Israel is an important country given that it develops some of its key technologies . In a significant development, Israel’s Finance Committee has informed the country’s parliament that it has approved a grant of $185 million (700 million shekel) to Intel Corp in return for a planned $5 billion expansion of its production…
The project is aimed at boost regional connectivity and comes in the wake of a slowdown in the domestic economy. On Tuesday, in a development that boost inter-state connectivity, China’s state planner stated, it has approved a high-speed railway project in Shaanxi, a province in northwestern China. The high-speed railway project has a total investment…
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