News

Tue, 19 Jun 2018 20:10:14 GMT

Verizon to stop selling information about phone location

Verizon is set to stop selling customer's phone location information to third parties, as an investigation found that the data was used by law enforcement agencies to track people without the consent.

Tue, 19 Jun 2018 19:32:23 GMT

Ford to redevelop portray of Detroit downturn to house tech employees

Ford Motor company's executives on Tuesday stated that the automaker is going to renovate and revamp completely Michigan Central Station, which is infamous Detroit's blighted landmark.

Tue, 19 Jun 2018 19:25:30 GMT

ZTE backers from Senate ready to fight Trump over Chinese company

The US senators who support China's ZTE Corporation stated on Tuesday that they are willing to battle for the measure, giving notice to lawmakers not to pressure the White House.

Tue, 19 Jun 2018 18:36:38 GMT

FedEx shares struck by US-China trade concerns ahead of earnings

FedEx Corp shares experienced their toughest sell-off during a two months period ahead of the delivery company's quarterly outputs, as the latest US-China trade tensions warm up.

Tue, 19 Jun 2018 18:24:09 GMT

Senate Democrats wonder if Trump nominee took part in child separation

Two US Senate Democrats wrote to President Donald Trump's nominee to watch out of the US consumer watchdog agency, which seeks proof whether she was involved in immigrants separation.

Tue, 19 Jun 2018 16:51:12 GMT

Haley and Pompeo to speak on UN rights body among US withdrawal threat

Nikki Haley, the US Ambassador to the United Nations and the US Secretary of State Mike Pompeo is going to speak later on today on the United Nations Human Rights Council.

Tue, 19 Jun 2018 16:50:58 GMT

CrowdStrike raises $200M and continues to examine IPO

CrowdStrike stated on Tuesday, that it has raised $200M in its most recent round of funding, leaving the cloud-based cybersecurity firm's valuation above the $3B.

Tue, 19 Jun 2018 16:06:47 GMT

UK satisfied with Sky News commitments regarding Sky bid

Britain said that Twenty-First Century Fox clarified its remaining concerns about the autonomy of Sky News whether it acquires all parts from its parent Sky.

Tue, 19 Jun 2018 16:06:32 GMT

Apple CEO to support end to immigrant children separation

Apple CEO Tim Cook has defined the splitting immigrant parents of children at the US-Mexico border as inhumane, promising to support the end of this issue.

Tue, 19 Jun 2018 15:14:27 GMT

US building permits drop 4.6% in May

The number of new residential buildings in the United States fell by 4.6% to 1.301M units in May which is the lowest reading since September, 2017.

Tue, 19 Jun 2018 14:35:09 GMT

EU regulators to rule on Thales's purchase of Gemalto by July 23

The European antitrust regulators are set to rule on the French aerospace and defence firm Thales's deal worth $5.5B to acquire the Franco-Dutch chipmaker Gemalto by July 23.

Tue, 19 Jun 2018 14:31:32 GMT

PBoC: China should cut RRR for banks

The People's Bank of China said on Tuesday that the country should reduce the reserve requirement ratios (RRR) for banks to ease their financial burden.

Tue, 19 Jun 2018 14:27:42 GMT

Veritas set to acquire Cotiviti Holdings for $4.9B

Veritas Capital, the private equity group, is planning to acquire Cotiviti Holdings in a deal worth $4.9B, the US healthcare analytics firm stated on Tuesday.

Tue, 19 Jun 2018 13:32:55 GMT

US regulator to provide observer for Tesla's Model S fire probe

The US NTSB is set to send an observer to Tesla to examine the battery fire causes in the last Friday's case in California that involved the carmaker's Model S vehicle.

Tue, 19 Jun 2018 13:13:44 GMT

Norway launches tests of tiny electric aircraft

On Monday, Norway has begun testing a two-seat electric jet, as it is expecting to launch passenger flights by 2025, in case the country's aviation technologies match green shift.

Tue, 19 Jun 2018 12:01:04 GMT

Beijing seeks introducing bio-ID tracking systems to underground

China's Beijing is planning to launch a bio-recognition technology, including facial recognition cameras and palm scanners, to accelerate the passenger in the underground at pick times.

Tue, 19 Jun 2018 12:00:48 GMT

Amazon's Alexa to guide guests at Marriott hotels

On Tuesday, Amazon.com stated it had tied up with Marriott International to help raise guest access to amenities via its voice-controlled Echo device and digital assistant Alexa.

Tue, 19 Jun 2018 11:34:48 GMT

Elliott lifts stake in German GEA Group to over 5%

The activist shareholder Elliott raised its stake on Monday in GEA Group, Germany's food processing equipment producer, to 5.03% from the initial 3.01% as of June 12.

Tue, 19 Jun 2018 11:31:55 GMT

China's Geely finalises deal to acquire AB Volvo stake

On Monday, China's Zhejiang Geely Holding Group has completed its deal, which had been pending since the last year, to acquire 14.9% stake in AB Volvo, the Swedish truckmaker.

Tue, 19 Jun 2018 09:53:41 GMT

VW nominates new interim Audi Chief

The supervisory board of Volkswagen has named Bram Schot as the interim CEO of the Audi brand after the arrest of the current Chief Rupert Stadler.

Tue, 19 Jun 2018 09:53:19 GMT

Portuguese government approves shortlist for Mercantile Bank's sale

The Portuguese government has approved a shortlist of buyers for Mercantile Bank, which includes such companies as Capitec Bank and Nedbank Group.

Tue, 19 Jun 2018 09:35:13 GMT

China's Xiaomi reduces likely valuation to $55B-$70B

China's smartphone developer Xiaomi has cut its preliminary valuation to between $50B and $70B, amid the company's decision to postpone its mainland IPO until it launches Hong Kong listing.

Tue, 19 Jun 2018 09:31:47 GMT

Vitol-led consortium in talks to acquire Nigerian assets from Petrobras

According to industry sources, a group led by the key oil trader Vitol is in talks to buy stakes in Nigeria's offshore fields from the Brazilian firm Petrobras and its partners.

Tue, 19 Jun 2018 08:24:46 GMT

Bloomberg: Kraft Heinz plans selling Complan in India

On Monday, Bloomberg reported that Kraft Heinz is planning to sell India's Complan brand for approximately $1.0B, looking for potential buyers.

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