In a significant development, Microsoft said it has detected a malicious version of software from SolarWinds and is investigating the cyber security incident. It is too early to say whether hackers used Microsoft systems to exploit and attack customers.
On Wednesday, in a statement Exxon Mobil Corp said, it has started a voluntary redundancy programme for its Australian employees, as means to mitigate the current predominant “unprecedented” market conditions. The voluntary redundancy programme is being offered to all employees in Adelaide, Sydney, Melbourne, Gippsland, and Perth, said Exxon in a statement. When asked to…
The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…
As of September 29, 2018, Intel had reported that its share buyback warchest had a balance of $4.7 billion. U.S. chipmaking giant Intel Corp has disclosed, its board has approved a $15 billion increase in its share buyback program. As of September 29, 2018, Intel had reported that it had $4.7 billion remaining under its…
The southern Indian city of Hyderabad is set to be the global hub for manufacturing the wings of the F-16. On Tuesday, an executive from Lockheed Martin stated, it will build wings for its F-16 combat fighter jet with India’s Tata Advanced Systems Limited. Lockheed is bidding for $15 billion contract, to supply the Indian…
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