Fortress’ efforts to gather patents essentially amounts to anti-competitive behavior since these acquisitions were driven by the notion that they will be cheaper than what technology companies would be willing to pay to avoid lawsuits. U.S. semiconductor giant, Intel Corp, has filed an antitrust lawsuit against Japan’s SoftBank Group Corp-owned investment company alleging that the…
Toyota aims to sell more EVs than gasoline powered vehicles by 2025. On Wednesday, the head of Toyota Motor’s Lexus brand stated, the carmaker plans on launching its first all-battery electric vehicle in 2020. The development comes midst a race among luxury car brand to bring battery-operated cars in the market as they compete to…
DoD’s funding will enable SkyWater Technology to make chips which can work in hostile conditions such as outer space. SkyWater Technology, a U.S. semiconductor maker stated, it will be receiving up to $170 million from the U.S. Department of Defense to make smaller and faster semiconductors with new materials that can work in outer space.…
A revamped version with a better price points and lower operating costs, Bombardier is aiming to gain some marketshare from Brazil’s Embraer.
The Gulfstream G700 poses a direct challenge to Bombardier’s Global 7500. Gulfstream, a U.S. planemaker unveiled its widely-expected G700 long-range jet in a direct challenge to Bombardier Inc’s Global 7500 flagship aircraft. Gulfstream Aerospace, a unit of General Dynamics Corp, stated the G700 would be powered by Rolls-Royce Holdings PLC’s Pearl 700 engines. It expects…
According to reports, the top leaders at the European Union are likely to take some time to discuss and decide on the plea of the United Kingdom government for an extension of Brexit deadline. It has been reported that the leaders of the other 27 EU states also want to give UK Prime Minister Boris…
The entire pharma industry in the United States is put on trial from Monday in a federal court over cases of claims filed by thousands of American communities alleging that the pharma companies had colluded to conspire and orchestrate the now infamous opioid epidemic in the country. The case that will be held in Cleveland…
A research note from Loop Capital Markets said that there is increased pressure on the profit margins of the grocery industry. And therefore despite an increase in the growth in sales for the industry, the suggestion of taking a neutral view on the industry was made by the research firm. Within the grocery industry of…
A call for the fast resolutions of the ongoing trade spats and tensions between countries and supporting of the process of bringing in reforms to the World Trade Organization was given by the International Monetary and Financial Committee (IMFC), the policy-setting body of the International Monetary Fund (IMF). Growth outlook is “highly uncertain and subject…
It is not right for Facebook to censor politicians or the news in a democratic set up, believes the social media giant’s founder Mark Zuckerberg. He said this while delivering a speech in Washington DC and assumed importance because the social media company had been facing criticism for not putting a ban on political advertisements…
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