The IPO could see Snap Inc. valued at $25 billion. The Wall Street Journal has reported, citing several sources who are familiar with the matter at hand, Snapchat’s parent is set to come out with an initial public offering (IPO)… Read More ›
Entrepreneurship
GE wins data contract from NY’s power generating electrical system
GE plans on gauging the reliability and efficiency of NYPA’s public electrical system by playing sensors which can intelligently monitor the health of equipment. General Electric has disclosed that it has won a contract from the state of New York’s… Read More ›
Minority investor backs Elliott Management’s restructuring proposals in Samsung Electronics
The suggestions include setting up a holding company and listing the operating company on the Nasdaq. Now, Samsung will not only have to firefight battery related issues in its smartphone, but also in the board room. In a fresh signs… Read More ›
Lenovo & Fujitsu to collaborate on PC business
The two are in early talks, according to the Nikkei. Lenovo could either buy a majority stake in Fujitsu or there could be a merger. Nikkei has reported the matter citing anonymous sources. Japan’s Nikkei business daily has reported that… Read More ›
European banks are near their 2016 nadir, ‘time to buy’ says Citi analysts
Of late European banks have had a tough time: while they struggle to survive the post-Lehman brothers scenario, Britain’s historic decision to leave the EU has again taken a toll on the sector. As a result their share prices have… Read More ›
Samsung Electronics to be sole manufacturer of Qualcomm’s Snapdragon 830 chips
Although the value for this sole manufacturing deal has not been disclosed, Samsung was the sole manufacturer of Qualcomm’s 820 chips. Industry analysts had pegged the deal at more than $1 billion. The 830 chip will be featured in Samsung’s… Read More ›
Nokia acquires base station power amplifier efficiency solutions provider Eta Devices
Nokia has strengthened its position as a telecom product manufacturer with this acquisition. Nokia has already partnered with automobile manufacturers for smart cars that make extensive use of IoT. This acquisition could play a role in that equation. In a… Read More ›
NHTSA opens probe into 642,000 Ford cars and SUVs
Door latch issues have plagued Ford’s many models leaving consumers to latch their cars with ropes and seat belts. As a result of its recalls, Ford has made downward revisions to its adjusted full-year pre-tax profit forecast to $10.2 billion… Read More ›
German-Iran trade deals to touch 4 billion euros by the end of this year
With Iran no more shackled by U.S. led economic sanctions, Germany has taken the lead, given its historic ties with Iran, in restoring normality between the two nations and boosting trade ties. With Sigmar Gabriel’s, Germany’s Economic Minister, paying a… Read More ›
Janus Capital acquires Henderson Global Investor for $6 billion
The deal, subject to regulatory approval, could see a combined cost saving of $110 million. U.S. based Janus Capital and London-listed Henderson Global Investors, former rivals, have decided to stop bickering and instead collaborate to form a $6 billion company… Read More ›
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