Two-Decade ‘Cartel’ Allegations Result In Suit Against Top German Automakers In U.S.

In allegations that widen the scope of the latest scandal to hit the nation’s auto industry, allegations of colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition have bene placed against German’s major automakers in a U.S. lawsuit of acting as a cartel. According to a…

Congressional watchdog finds significant vulnerabilities in the SEC

The SEC’s CIO concurs with the findings of the Government Accountability Office and said, some of the issues have either been resolved or will be in the immediate future. The Government Accountability Office, a congressional watchdog, has stated Wall Street’s top regulator needs to significantly improve the way it protects its own computer networks from…

U.S. House Committee approves legislation for deployment of autonomous self-driving vehicles

This is going to be a landmark bill.     In a significant development, an influential U.S. House committee has overwhelmingly approved a revised bipartisan bill on a 54-0 vote that will speed the deployment of self-driving autonomous vehicles in the country and bar states from blocking autonomous vehicles. The bill allows automakers to obtain…

Intel’s Entire Business Can Be Surpassed By Samsung’s Chip Division Alone

Samsung’s chip division could be almost twice the size of Intel’s entire business after it propelled Samsung to record second quarter earnings. Accounting for more than 57 percent of its entire earnings, operating profit of 8.03 trillion Korean won ($7.21 billion) in its semiconductor division in the three months to June was reported by the South Korean electronics…

Messaging & business collaboration developer Slack raising $250 in new funding round

As per the latest valuation, Slack has been valued at a little over $5 billion.   Sources familiar with the matter have disclosed, San Francisco-based Slack Technologies Inc is raising $250 million in a new funding round which will boost its valuation. Silicon Valley startups are enjoying a surge in venture capital investments. Slack Technologies,…

This ATM Maker Is Investing In Security To Protect Against Crime As Global Cash Machine Transactions Rise

With the aim of expanding its hardware, software and security provision, Banking technology firm Cennox has announced a deal to buy the European division of 3SI Security Systems. In recent years, there has been an international upward trend in consumers making transactions using automated teller machines (ATMs) and the deal is believed to be following…