Toronto-based Starwood is vying to acquire Dallas based Milestone for$1.3 billion. As per sources familiar with the situation, Starwood Capital Group has entered in talks with Milestone Apartments Real Estate Investment Trust, to raise its bid for its $1.3 billion… Read More ›
Strategy
Warren Buffet’s Berkshire Hathaway bets heavily on Apple
If you are looking to invest in the U.S. stock market, here are a few pointers from billionaire investor Warren Buffet. On Monday, the Chairman and CEO of Berkshire Hathaway Inc told CNBC that his conglomerate had purchased 120 million… Read More ›
Ericsson and Telefonica showcase prowess of 5G wireless networks
They showcased the technological capability of the upcoming 5G standard by remotely navigating a car through an obstacle course using 5G wireless networks. With autonomous vehicles set to be the norm in the near future, during an industry conference in… Read More ›
Autonomous version of Nissan’s LEAF seen cruising at 50mph in London
Nissan has tested the autonomous version of the LEAF in Silicon Valley and in Tokyo. This marks its first test in a European city. Nissan took the first step towards the testing of its first self-driving car in Europe. Guided… Read More ›
CNBC Reports $3 Billion Investment In U.S. Startup WeWork by SoftBank Nearing Closure
In a step that is aimed at expanding its reach beyond the tech and telecom market segments, Japan’s SoftBank Group Corp is reportedly close to making an investment in U.S. office-sharing startup WeWork whose value is expected to be worth… Read More ›
High stakes battle for Wal-Mart in the U.S. groceries market
With Germany-based Aldi quickly gaining market share in the highly competitive U.S. groceries market, Wal-Mart, the pioneer and king of low prices is feeling threatened and has high stakes in this price war. According to sources familiar with Wal-Mart Stores… Read More ›
Blockchain and securitization industry join forces to tap the $1.9 trillion U.S. securitization market
Wall Street’s structured finance companies want to use Blockchain’s immutable shared ledger to lower their cost of operations and thus boost their profitability. In efforts aimed at tapping the revolutionary benefits of blockchain technology for the fintech industry, Wall Street’s… Read More ›
SoftBank could potentially invest ~$4 billion in WeWork
WeWork continues to raise capital ahead of its planned listing. After this deal, the company will be valued at more than $20 billion. CNBC has reported today, that SoftBank Group Corp is all set to sink in $3 billion into… Read More ›
Huawei eyeing to dislodge Samsung as World No. 2 smartphone maker
Perhaps Samsung did not want to rush into the World Mobile Congress (WMC) with a half-baked product. After all it has traditionally used the forum to launch its new devices. Hopefully the cost of not launching the product at the… Read More ›
Sites hosted by Cloudflare leaked personal data
Although personal data has been leaked thanks to a bug in CloudFlare, the company is collaborating with Google to clean up the mess. The clean process is an on-going matter. Cloudflare Inc has reported that a bug in its software… Read More ›