If the deal goes through it will not only be Cisco’s second biggest acquisition this year but will also strengthen its foothold in the telecommunications market as well as diversify its offerings and services. As per a source familiar with the matter at hand, Cisco Systems Inc, the world’s biggest manufacturer of networking gear is…
It would appear that JPMorgan’s CEO, Jamie Dimon is wooing millennials with this tech savvy approach which not only brings in significant cost savings while enlarging the bank’s reach and tapping potential new clients where it does not have a brick-and-mortar presence. On Monday, in its first ever offering of online bank accounts, JPMorgan Chase…
Consumer Reports says the automaker may not understand what the magazine does after being bashed by Tesla for predicting the new Model 3 will have average reliability. “Tesla seems to misunderstand or is conflating some of what we fundamentally do — our Annual Reliability Survey report and the related predictions versus our car reviews and tests,”…
Data centers are set to be key engines for growth in an increasingly digital world. On Saturday, the Nikkei, a Japanese news daily has reported, Mitsubishi Corp, a Japanese trading house, plans on setting up a joint venture with Digital Realty Trust, a U.S. data center operator, to bold 10 data centers in Japan by…
Hopes that the technology IPO market would bounce back this year have bene extinguished by big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds. Startups have been enabled to raise more money, stay private longer and spurn the regulatory hassles of an…
The question – Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes? is ripe to be asked with Russia and China both embracing the idea of sovereign cryptocurrencies. President Vladimir Putin had ordered the swift launching of a “crypto-ruble”, Argumenti i Fakti, a pro-government newspaper, quoted Russian Communication Minister Nikolai Nikiforov as saying last weekend. The…
According to an email it sent to a group of safety advocates, academics and researchers that helps the social media service set its policies, Twitter Inc plans to toughen its rules on online sexual harassment and impose stronger penalties for misconduct. In the history of Twitter, the repeated allegations of sexual harassment and trolling have…
Setting ambitious goals for growth in China and the United States as well as a comeback in Japan where has been hobbled by a mileage cheating scandal, Mitsubishi Motors Corp said it plans to boost sales by 30 percent over three years. Aiming for jump in profitability the Japanese automaker will also ramp up R&D…
The technology partnership will allow firms to pursue their global ambitions. In a development of widespread implications, Nasdaq Inc has announced the signing of a pact with Singapore Exchange Ltd which will allows firms to tap both stock exchanges simultaneously under the two exchange operators’ namesake exchanges. The deal is expected to significantly help fast…
The A330neo is widely expected to keep the crown of the lucrative 250-300 seat market. On Thursday, in a development that gives wings to Airbus dreams, the upgraded version of its profitable A330 jet that is designed to give Boeing’s 787 Dreamliner a run for its money took to the sky for the first time.…
