Facebook is embarking on a multibillion dollar effort to obtain streaming rights for its top-flight live sport and is slated to recruit a senior broadcasting executive to lead the effort. Facebook had become frustrated after it could not secure its $600 million bid for the steaming rights for the Indian Premier League cricket matches and…
It is very commonplace to lease a car or an apartment but it is not quite an everyday affair to lease out daily household products such as a washing machine or a lightbulb. And this is just the aim of the circular economy. This system is so designed that materials and resources are made to…
Vista Equity Partners Management has hired UBS to explore its options. According to sources familiar with the matter at hand, Vista Equity Partners Management LLC, a private equity firm, is exploring options for two software companies it owns, PeopleAdmin and PowerSchool, which include their merger in a deal worth in the range of $2 billion…
U.S. District Judge Kenneth Karas sentenced, Jiaqiang Xu, 32 to prison for the theft of a trade secret and economic espionage. U.S prosecutors disclosed that a former software engineer for IBM, has been sentenced to 5 years in prison following his guilty plea of stealing proprietary source code from the software giant. On Thursday, U.S.…
Coca-Cola intends to make plastic waste “a thing of the past” and for this purpose the company would ensure that by 2030, its bottle will be composed of an average of 50 percent recycled plastic only. The soft drink giant has pledged to its expected responsibility to “help solve” the problem of global packaging waste…
While suffering from 22 straight quarters of declining revenue, IT giant IBM has set its foot strongly in the global could computing business as it reported its first revenue growth in five and half years. The cloud revenues of the company saw a rise of 24 per cent to $17 billion in 2017 and noted…
In 2018, the hottest emerging industries for startups and entrepreneurs would be cryptocurrency, cannabis, VR and “alternative travel”. This was revealed in a research report prepared by online graphic design marketplace 99designs and was released this week. The conclusion by 99designs was arrived at through a thorough comparison and analysis of the design projects that…
One of the biggest aims in medicine – finding a universal blood tests for detection of cancer, is now a step closer for scientists. Now detection of eight common forms of cancer have bene tested by a method that was tested by a team at Johns Hopkins University in the U.K. The vision of the…
Nokia and DoCoMo will collaborate closely for the transition from 4G to 5G, which DoCoMo is expected to launch by 2020, in time for the Tokyo Olympics, in 2020. On Friday, Nokia signed its first agreement to supply next generation 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts of having…
Majority stock owners of Xerox Corp, Carl Icahn and Darwin Deason, have called on the firm to renegotiate the terms of agreement with Fujifilm in Fuji Xerox, a joint venture between the two which they say appear to be lopsided towards Fujifilm. In an open letter addressed ti shareholders of Xerox Corp, activist investor Carl…
