The launching of an initial antitrust investigation into the proposed acquisition of food delivery firm Just Eat by rival firm Takeaway.com’s in a deal worth £6.2 billion or $8.1 billion has put a temporary halt to the merger. A review into the merger of the two companies had s been initiated by the Competition and…
Chipmaker Broadcom Inc stated, it has entered into two multi-year agreements with Apple Inc for supplying wireless components used in its products. The agreements, “2020 SOWs”, are in addition to existing ones for supplying radio frequency components and modules to Apple. Together the agreements are likely to generate around $15 billion in revenues for Broadcom.…
The Trump administration is set to unveil, on Friday, its efforts to crack down on pirated and counterfeit goods that are sold on major e-commerce sites. Chad Wolf, the acting Department of Homeland Security Secretary along with White House adviser Peter Navarro, will be among the officials to discuss the effort at the National Intellectual…
Talks with the Turkish conglomerate Cengiz Holdings is being held by the British government to convince the firm to purchase British Steel is the planned acquisition of the steel company by Chinese industrial firm Jingye does not go through. However reports suggested that the government is confident that the acquisition of British Steel, including the…
Contributions that it has had to make towards its employee pension plans and retirement benefits will force United States based car maker Ford Motor to potentially take a pretax hit of about $2.2 billion for the fourth-quarter, the company has said. The total amount that it would have to forgo for the fourth quarter includes…
Following a dramatic rise in its share price that pushed the market value of the United States based electric car maker Tesla past the $100bn mark, the company became the second most valued car maker of the world by surpassing the German auto giant Volkswagen. This record valuation also pushes Tesla’s chief Elon Musk to…
Researchers from Google have discovered multiple security vulnerabilities in Apple Inc’s Safari web browser. These vulnerabilities allow the tracking of users’ browsing behavior, reported the Financial Times. These coding flaws were found in a tool specifically designed to protect privacy and could have allowed third parties to obtain sensitive information about browsing habits of users,…
Coca-Cola will continue to use single-use plastic bottles since there is still demand for the same form customers, said the company’s head of sustainability, Bea Perez, in an interview to the BBC. Perez said that single use plastic bottles can be resealed and are light in weight and this makes customers still demand them. The…
It has been more than a decade that the practice of storing personal health information by medical professionals in electronic form has become prevalent. However, it becomes quite a tedious process for patients to gather such computer and paper records from doctors’ chambers, hospitals and medical labs,. All that could change for the good as…
In a significant milestone for Tesla Inc, the company has become the first U.S. publicly listed carmaker to be valued at $100 billion. The development also underscores Wall Street’s confidence in an all-electric future. Tesla shares were last up by 1.4% at $555 after the bell, building on a 7.2% gain during trading when brokerage…
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