In order to better compete with arch rival Amazon.com, Wal-Mart is hoping to profit from the benefits of its investment arm, which will focus on tech startups, so as to better compete in its e-commerce push. The world’s largest brick… Read More ›
HR & Organization
SoftBank sinks in $300 million in WeWork in its first round of funding
SoftBank could potentially invest nearly $3 billion into WeWork through its Vision Fund. A source familiar with the matter at hand has disclosed that SoftBank Group Corp has invested $300 million in WeWork, a shared-office space company. The investments is… Read More ›
Unilever could potentially divest its food brands: Sources
There have been several reports by leading news reporters which increase the probability of this 6 billion pound divesture. British newspapers have reported that Unilever is preparing a $7.44 billion (6 billion pound) sale of some it’s some of its… Read More ›
Netmarble Games likely to come out with $2.35 billion IPO this April
This will be South Korea’s 2nd largest ever IPO beating even Samsung BioLogics Co Ltd’s 2.25 trillion won IPO of 2016. In what is stated to be South Korea’s second largest ever listing, mobile game manufacturer, Netmarble Games Corp has… Read More ›
MoneyGram offers to acquire Euronet Worldwide for $1 billion
In January, China’s Ant Financial Services Group had bid $13.25, in a cash deal for Euronet Worldwide, whereas MoneyGram has offered $15.20 for Euronet. Ant Financial Services has now four days to revise its offer. Sources familiar with the matter… Read More ›
Boeing signs $3.4 billion contract with U.S. government for Apache attack helicopters
The contract is for the supply of AH-64E Apache attack helicopters.
Demand for BAT’s smokeless tobacco ‘glo’ exceeds supply
Earlier this month, BAT had to more than double the supply of its tobacco device to quench local demand and still that wasn’t enough. British American Tobacco (BAT) has stated that the demand for its “glo” tobacco heating device has… Read More ›
Peabody’s bankruptcy plan will largely benefit select few
Oddly Peabody’s bankruptcy comes at a time when the Donald Trump Administration is giving the fossil fuel industry the go ahead. The world’s largest private sector coal producer, Peabody Energy Corp, has disclosed that it expects to file bankruptcy under… Read More ›
Private companies need to be more prepared to counter hacking attacks: PwC report
Although CEOs in the private sector have more confidence in addressing threats from the internet, they are however ill-prepared to do so, states a report from PwC. A report prepared by Pricewaterhouse Coopers states that although the CEOs of… Read More ›
Halt to second travel ban only temporary
Major tech companies have skipped putting their names on the brief that is posing as a challenge to Donald Trump’s travel ban. Facebook, Apple and Alphabet Inc’s Google along with 60 other technology companies appeared to have backed away from… Read More ›
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