Amazon is now going to store its products in the air. A patent for a giant flying warehouse that acts as a launchpad for drones to deliver items within minutes has been granted to the worlds’ biggest online retailer recently…. Read More ›
Creativity
3 Chinese men caught trading with insider information gained from hacking
The 3 Chinese men made more than $4 million from these trades. While Hong, 26, has been arrested in Hong Kong, Zheng, 30, and Hung, 50, are yet to be taken into custody. U.S. prosecutors have criminally charged three Chinese… Read More ›
Brexit has made British companies vulnerable to acquisitions
The shock verdict has led to a fall of business and investor confidence in the British economy. The fall of the pound has made the UK companies easy picking for foreign companies who have snapped up lucrative deals. The shocking… Read More ›
Leaving a SWIFT token inside a connected computer, key to cracking world’s biggest cyber heist
Even after 11 months of investigation by half a dozen of the world’s investigative agencies, no suspect has been arrested in a case that has highlighted vulnerabilities in SWIFT. According to Mohammad Shah Alam, a deputy inspector with the Bangladesh… Read More ›
There can be More Incidents Like Facebook’s Safety Alert in Bangkok
After the report of a small bomb explosion, it wasn’t a mistake to tell people in Bangkok to mark themselves as safe, Facebook Inc. said. How much more common the social network’s “safety check” alerts are going to become is… Read More ›
Kate Spade’s looking for a deal: WSJ
Increased competition and its focus on brick-and-mortar stores instead of online shopping models could be some of the reasons for its lackluster performance. Its underpriced shares have attracted sharks, with hedge funds stating that it could make a good acquisition…. Read More ›
Boehringer Ingelheim and Sanofi agrees to divesture proposals to streamline their deal
Without this divesture, there is likely to be reduced competition among vaccine manufacturers in the U.S. and EU. The divesture is key to their $13.5 billion deal. So as to streamline Boehringer Ingelheim acquisition of Sanofi, the German pharmaceutical maker… Read More ›
L’Oreal expands its investments in tech startups
This investment of several million euros by L’Oreal is alongside several companies including Cisco, Nokia and Accenture marks the French giant’s embrace of digital technology which not only caters to beauty products but also educates consumers in the process. French… Read More ›
Tesla & Panasonic to co-produce power cells in Buffalo, NY
This development appears is in line with Tesla’s overall strategy of producing Superchargers for its vehicles, PowerWalls for homes and now next-gen solar PV cells. Tesla Motors and Panasonic Corp have disclosed that they will co-produce photovoltaic (PV) cells and… Read More ›
Snapchat to acquire Cimagine Media for $30-$40 million
The deal, being Snapchat’s first Israeli acquisition, was supposedly driven by Cimagine Media’s skilled workforce rather than its augmented reality technology. Calcalist financial daily has reported that Snapchat is all set to acquire Cimagine Media, an Israeli augmented reality startup,… Read More ›
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