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…
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%…
The potential sale could, to a large extent promote peace, stability and prosperity in the Indo-Pacific region while helping Lockheed Mart meet its 2018 sales target. In efforts aimed an ensuring that Taiwan “remain[s] a democracy” in the face of a Chinese aggression, two senior U.S. Republican senators have asked the Trump administration to allow…
The misuse of Facebook data by consultancy firm Cambridge Analytica affected more than 50 million users. With Facebook Inc’s data being misused by consultancy firm Cambridge Analytica, affecting more than 50 million users, executives from IBM and Apple Inc have called for more oversight on how personal data is being used. Speaking at the 3-day…
Singapore Airlines plans on deploying the jet in its Osaka, Japan route Perth, Australia, route from May this year. In a significant development, U.S. aircraft maker Boeing Co delivered its first 787-10 Dreamliner to Singapore Airlines marking the coming of age of its first lightweight family of jets based on which it is betting its…
