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Puma to Be Spun Off By Kering to its Shareholders

Puma to Be Spun Off By Kering to its Shareholders

France-based Kering, which owns Gucci, is planning to spin off Puma its sports brand in Germany to the conglomerate’s shareholders in order to put more focus squarely on just its luxury brand. Kering announced Thursday its plans... 
Johnson & Johnson, Bayer Win $28 Million Verdict Reversal

Johnson & Johnson, Bayer Win $28 Million Verdict Reversal

A state court judge in Pennsylvania overturned a jury award on Tuesday of $27.8 million to a couple from Indiana who had accused Johnson & Johnson and Bayer AG of not warning of the risks of internal bleeding from Xarelto a drug... 
Alibaba And Shanghai AtHub To Partner On A Cloud Computing Project

Alibaba And Shanghai AtHub To Partner On A Cloud Computing Project

Chinese online retail giant Alibaba and Shanghai AtHub have announced that they will partner on a data center project dubbed HB33. Shanghai AtHub plans to invest approximately $134.26 million or 880 million yuan on the data center... 
Royal Dutch Shell And Barclays To Incur Huge Charges As Value Of Deferred Assets Fall

Royal Dutch Shell And Barclays To Incur Huge Charges As Value Of Deferred Assets Fall

Barclays Bank and Royal Dutch Shell have disclosed that the tax reforms carried out in the United States will see them take large charges. Royal Dutch Shell estimates that in Q4, tax-related charges for its U.S. business would reach... 
UnitedHealth To Acquire Chilean Health Insurer For $2.8 Billion

UnitedHealth To Acquire Chilean Health Insurer For $2.8 Billion

A purchase agreement has been signed by UnitedHealth Group with a view to launching an acquisition bid for Empresas Banmedica, a healthcare provider and health insurer based in Chile. UnitedHealth is expected to pay close to $2.8 billion... 
AT&T To Conduct 5G Trials In Magnolia Market

AT&T To Conduct 5G Trials In Magnolia Market

The Dallas, Texas-based telecommunications giant, AT&T, will be expanding the fixed wireless trials of 5G to Magnolia Market. Around 5,000 weekly visitors to the retail complex as well as employees at the site will start testing... 
Huawei To Sell Smartphones In The United States Through Carriers

Huawei To Sell Smartphones In The United States Through Carriers

Huawei, a Chinese mobile devices manufacturer, has announced that it will begin selling smartphones through mobile carriers in the United States in 2018. Currently Huawei is the third-largest handset seller in the world behind Apple... 
Verizon In New Live-Streaming Deal With The National Football League

Verizon In New Live-Streaming Deal With The National Football League

Telecommunications giant Verizon Communications has announced the signing of a live-streaming deal with the National Football League. The deal will see the telecommunications giant given the rights to live-stream both national and... 
Minnesota’s Incentive Offer To Amazon Not As Generous As Other States

Minnesota’s Incentive Offer To Amazon Not As Generous As Other States

Reports indicate that Minnesota’s state Legislature has promised Amazon that it will offer bigger incentives should the online retailer decide to up its second headquarters there. This is according to letters which had been sent... 
WorldLink Payment Services Of Citi Expanded To More Countries

WorldLink Payment Services Of Citi Expanded To More Countries

The cross-border ACH capabilities of WorldLink Payment Services have been expanded to 60 countries. Citi’s WorldLink now provides a worldwide cross-currency digital payments solution to 195 countries and in 135 currencies. At the... 
Visa’s Vice President Fired For Policy Violation

Visa’s Vice President Fired For Policy Violation

Visa Inc’s executive vice president in charge of strategic partnerships and innovation, Jim McCarthy, has been fired. The dismissal of McCarthy was announced by Ryan McInerney, the vice president that he reported to, in a memo that... 
Marketing And Refining Units Of Exxon Mobil To Be Merged

Marketing And Refining Units Of Exxon Mobil To Be Merged

Oil giant Exxon Mobil has announced that its marketing and refining divisions will be merged. This is part of the plans by the chief executive officer of the company, Darren Woods, to overhaul the refining operations of Exxon Mobil... 
Nestle To Bid For The Consumer Health Unit Of Merck KgaA

Nestle To Bid For The Consumer Health Unit Of Merck KgaA

Nestle is preparing a tentative bid for the consumer health unit of Merck KgaA in conjunction with the Stada’s private equity owners. JPMorgan, the financial adviser to Merck, has sent out a solicitation for bids of the unit whose... 
Shell To Install Fast-Speed Charging Points At Some Of Its European Stations

Shell To Install Fast-Speed Charging Points At Some Of Its European Stations

Anglo-Dutch oil giant Shell has revealed that it will collaborate with carmakers to provide high-speed charging points in ten countries in Europe for electric cars. Royal Dutch Shell will form the partnership with Ionity, an operator... 
Cerner And Amazon Web Services To Collaborate On Population Health

Cerner And Amazon Web Services To Collaborate On Population Health

A partnership between Amazon and Cerner Corp is expected to be announced this week. According to CNBC, Amazon Web Services’ chief executive officer, Andy Jassy, intends to make the announcement during the re:Invent conference where... 
Facebook In Danger Of Getting Blocked In Russia Over Data Storage Laws

Facebook In Danger Of Getting Blocked In Russia Over Data Storage Laws

Facebook may be prevented from offering its services to Russians unless the social media company abides by the country’s data storage laws. Alexander Zharov, who heads Russia’s telecommunications watchdog disclosed that executives... 
Skype No Longer Available On Apple’s App Store In China

Skype No Longer Available On Apple’s App Store In China

Apple has disclosed that several apps have been removed from its Chinese app store after the government said that local laws had been violated. The apps include the messaging and internet phone call app developed by Microsoft known... 
HPE To Unveil Cloud Management Tool OneSphere After Filing Trademark Application

HPE To Unveil Cloud Management Tool OneSphere After Filing Trademark Application

Hewlett Packard Enterprise will introduce a product known as OneSphere which assists business organizations in tracking when their employees make of public cloud services such as Amazon Web Services. The trademark application for OneSphere... 
Snapchat Falling Behind Rivals In User Numbers

Snapchat Falling Behind Rivals In User Numbers

In its earnings report for the third quarter, Snapchat revealed that the number of daily across users on its platform had reached 178 million. This contrasted with the number of daily active users of the Stories feature on Instagram... 
Alibaba Planning To Issue A US Dollar Bond

Alibaba Planning To Issue A US Dollar Bond

Reports indicate that Chinese online retail giant Alibaba intends to float a dollar bond later this month. According to sources this will be announced next week while the price will be made public prior to the Thanksgiving holiday... 
Qualcomm Inks $12 Billion Deals With Xiaomi, Oppo And Vivo

Qualcomm Inks $12 Billion Deals With Xiaomi, Oppo And Vivo

Non-binding deals valued at approximately $12 billion were signed between Qualcomm and three of the biggest smartphone vendors in China as the chipmaker moved to strengthen its ties with Chinese partners. This comes at a time when... 
Ford Forms Joint Venture With Chinese Firm Anhui Zotye Automobile

Ford Forms Joint Venture With Chinese Firm Anhui Zotye Automobile

Ford has announced that it will making a major investment in the electric-car manufacturing sector in China, currently the biggest market in the market for vehicles powered by batteries. The second-biggest automaker in the United States... 
Google Shutting Down Flight Data API Service QPX Express Next Year

Google Shutting Down Flight Data API Service QPX Express Next Year

Google has announced that its travel search data feed will be shut down in April next year. The airfare search feed, QPX Express API, was unveiled after the online search giant acquired ITA seven years ago at a price of $700 million.... 
Visa To Unveil Visa Direct In Europe

Visa To Unveil Visa Direct In Europe

Visa’s real-time payments platform Visa Direct is set to be launched in Europe allowing companies on the continent to leverage the global scale and reach of the financial institution in transforming cross-border and domestic payments.... 
Counterfeits Proliferate On Marketplaces As Online Shopping Takes Root

Counterfeits Proliferate On Marketplaces As Online Shopping Takes Root

An Organization for Economic Cooperation and Development (OECD) report indicates that the trade in pirated and counterfeit goods has almost doubled between the years 2008 and 2013. In that period the trade in these goods has ballooned... 
New Way Of Coating iPhones In Gold Patented By Apple

New Way Of Coating iPhones In Gold Patented By Apple

A patent granted to Apple has been published and it details a way for making enclosures used in electronic devices from hardened gold. This is because 18-karat gold naturally possesses low hardness but the iPhone maker has come up... 
Azure Is Growing At A Faster Rate Than Amazon Web Services

Azure Is Growing At A Faster Rate Than Amazon Web Services

Even though Amazon Web Services is still the leader in the market for cloud infrastructure, Microsoft Azure is experiencing a growth rate that is twice that of AWS. Partly this is because those who have used the servers and the desktop... 
Forex Banks At Wells Fargo Fired After Internal Probe

Forex Banks At Wells Fargo Fired After Internal Probe

Four foreign-exchange bankers at Wells Fargo have been fired after an investigation that was conducted by regulators as well as the bank itself. This is an indication that the bank’s problems were not confined to its retail-banking... 
Alphabet’s Project Loon To Offer Limited Internet To Puerto Rico

Alphabet’s Project Loon To Offer Limited Internet To Puerto Rico

Alphabet has partnered with AT&T to deploy experimental communications balloons which will provide internet to residents of U.S. territory Puerto Rico who are suffering from the after-effects of Hurricane Maria which destroyed... 
Alibaba Cloud To Beat Microsoft Azure In 2 To 3 Years

Alibaba Cloud To Beat Microsoft Azure In 2 To 3 Years

Chinese online retailing giant Alibaba has said that its cloud division will unseat the Azure platform of Microsoft to become the second-biggest provider of cloud computing services and infrastructure in the world. According to the... 
Royal Dutch Shell To Sell Stake In Comgas As Divestment Strategy Goes Full Steam

Royal Dutch Shell To Sell Stake In Comgas As Divestment Strategy Goes Full Steam

Royal Dutch Shell has entered an agreement with Cosan Limited, an energy conglomerate in Brazil, to sell its stake in Comgas. Cosan already has a 63.1% stake in Comgas. The deal will see Royal Dutch Shell dispose of its 16.8% interests... 
BMW Seeking A Joint Venture With Great Wall

BMW Seeking A Joint Venture With Great Wall

Reports indicate that German carmaker BMW and Chinese auto firm Great Wall Motor are considering forming a joint venture which will focus on building electric vehicles. This would be the second time BMW is partnering with a Chinese... 
Costco Launches Delivery Services As Competition Heats Up

Costco Launches Delivery Services As Competition Heats Up

Costco Wholesale Corporation has announced a same-day delivery service as competition among retailers heighten. The same-day delivery service will be offered through a partnership with Instacart, a grocery delivery firm, for orders... 
Coca Cola Buys Anheuser-Busch InBev’s Stake In Coca Cola Beverages Africa

Coca Cola Buys Anheuser-Busch InBev’s Stake In Coca Cola Beverages Africa

Anheuser-Busch InBev has sold its equity stake in Coca Cola Beverages Africa to Coca Cola at a price of $3.15 billion. The deal to sell the 54.5% stake was agreed upon last year in December and will see the operations of Coca Cola... 
Verizon Seeking FCC Nod In Bid To End Legacy Services

Verizon Seeking FCC Nod In Bid To End Legacy Services

Reports indicate that U.S. telecommunications giant Verizon has sought permission from the Federal Communications Commission seeking the discontinuation of four legacy DS0 services currently in use in seven states. The low-speed and... 
Nvidia’s Shield Video Streaming And Gaming Device Now Works With Google Assistant

Nvidia’s Shield Video Streaming And Gaming Device Now Works With Google Assistant

Nvidia has announced that Google Assistant now works on its video gaming and streaming device, Shield. The addition of the virtual assistant technology from the online search giant will present direct competition to Apple TV. However... 
Twitter Lunches A Lighter Version Of Its App For Android Users In Emerging Markets

Twitter Lunches A Lighter Version Of Its App For Android Users In Emerging Markets

Twitter is testing an app on the Android operating system named Twitter Lite which is designed for mobile networks that have slow speeds and expensive data prices. The app is expected to consumer less data on wireless carriers and... 
Cisco To Offer Digital Solutions In Partnership With Mercy Corps

Cisco To Offer Digital Solutions In Partnership With Mercy Corps

Mercy Corps and Cisco are partnering on an initiative intended to assist in delivering development assistance and aid better and faster to more people across the globe. The initiative is expected to run for five years and will cost... 
Verizon To Offer Free Calls And SMS After Mexico Earthquake

Verizon To Offer Free Calls And SMS After Mexico Earthquake

After the latest earthquake in Mexico, Verizon has announced that it will be providing free calls on both the wireless and wireline services between Mexico and the United States so that friends and family in the two countries can remain... 
Facebook Fined In Spain Over Privacy Law Breach

Facebook Fined In Spain Over Privacy Law Breach

Spain has slapped $1.4 million fine on Facebook after the data watchdog in the European country found that the social media giant was guilty of breaking privacy laws. According to the data watchdog, the social media giant broke the... 
Snap Inc Downgraded By Analyst Over Growth Fears

Snap Inc Downgraded By Analyst Over Growth Fears

The rating of the stock of Snap Inc has been cut by Deutsche Bank analysts over the fact that despite the disappearing message company’s advertising technology improving, advertiser interest was waning. According to analyst Lloyd... 
Amazon Hunting For A Second Corporate Headquarters

Amazon Hunting For A Second Corporate Headquarters

Amazon has announced that it is looking for a site for its second headquarters. The development of the headquarters which will be known as ‘HQ2’ will cost around $5 billion and will generate approximately 50,000 jobs. According... 
Oracle NetSuite Recognized As Leading Commerce Suites In B2B Category

Oracle NetSuite Recognized As Leading Commerce Suites In B2B Category

Oracle NetSuite has been recognized as a leading provider of financials that are cloud-based in the third quarter of this calendar year. Consequently the application has been recommended for business-to-business customers who are midsized... 
Efforts To Restart Exxon’s Baytown Refinery In High Gear

Efforts To Restart Exxon’s Baytown Refinery In High Gear

Exxon Mobil has revealed that its Baytown refinery located in Houston will be restarted after it was shut down following Tropical Storm Harvey. The Baytown refinery is the second biggest oil refinery in the United States with an average... 
Renault-Nissan Alliance In Joint EV Venture With Dongfeng Motor Corp

Renault-Nissan Alliance In Joint EV Venture With Dongfeng Motor Corp

The alliance between Renault and Nissan has announced that it is planning to produce electric cars in China in partnership with Dongfeng Motor Corp, a Chinese automaker. The new partnership will be known as eGT New Energy Automotive.... 
Google And Apple Both Pursuing Same Augmented Reality Strategy

Google And Apple Both Pursuing Same Augmented Reality Strategy

In an effort to make augmented reality more popular, Google has changed its strategy and is now no longer requiring devices to have special depth sensors fitted in them. Rather it is developing software targeted at developers and this... 
Amazon Struggles In China In The Face Of Stiff Competition

Amazon Struggles In China In The Face Of Stiff Competition

According to analysts in the retail sector the launch of Amazon’s Prime program in China hasn’t paid off as was expected. In launching the membership program in the world’s most populous country Amazon was hoping free international... 
CapitaLand Inks Property Management And e-Commerce Deals With Alibaba

CapitaLand Inks Property Management And e-Commerce Deals With Alibaba

Capitaland, a real estate developer has disclosed that it entered into a deal with Alibaba to manage the online retail giant’s Shanghai headquarters. The deal will also see Capitaland, which owns and manages properties worth S$80... 
Baidu To Sell Its Food Delivery Business To Tech Rivals

Baidu To Sell Its Food Delivery Business To Tech Rivals

Ele.me, Baidu’s takeout delivery business, is being sold by the Chinese online search giant to a firm that is backed by the biggest online retailer in China, Alibaba. The deal will involve both cash and stock. According to sources... 
First Crude Consignment From Libya In Five Years Lifted By Shell

First Crude Consignment From Libya In Five Years Lifted By Shell

The largest oil trader in the world, Royal Dutch Shell, loaded a consignment of crude from Libya. This was the first such loading in five years, a sign that Libya is making a comeback as a leading oil producer. The cargo, which consisted...