Essential Product raises $300 million in new funding round

The founder of the startup smartphone maker is none other than the co-founder of the Android operating system. Its first $699 smartphone will feature ceramic and titanium casing. The co-creator of the globally used Android mobile operating system has launched a new startup, Essential Products, which has raised $300 million in new funding round. It…

Outraged Sellers Say Small Business Will Be ‘Crushed’ By Amazon’s New Refunds Policy

A new Amazon returns policy that will make it easier for consumers to send back items at the merchant’s expense is at the center of dissent and opposition by sellers. Starting Oct. 2, items that they sell will be “automatically authorized” for return, marketplace sellers who ship products from their home, garage or warehouse —…

Cloud Computing Could May Provide Protection For Companies As Ransomware Can Cost Firms Over $700,000

Experts suggest that cloud computing may provide the security that companies are searching for even as high-profile cybercrime such as data theft, ransomware and computer hacks seem to be occurring more frequently and with higher costs. “Cloud computing improves IT security and security professionals need as much help as possible,” said Nick McQuire, vice president…

Boeing wins $409 million contract to develop next-gen technologies

Boeing’s focus will be on developing thermal power and its corresponding control systems. The Pentagon has disclosed, Boeing Co has been awarded a a $409 million Air Force contract for developing next-generation thermal power and control systems as part of a government and industry joint effort to develop revolutionary and innovative technologies.