With the telecom market being increasingly saturated, telecom companies are looking for other recurring sources of revenues to boost their bottom lines. Analysts opine that Verizon Communications’ recent acquisition of two vehicle tracking firms could lead to and/or spark more… Read More ›
According to the ruling the timing of the lawsuit was too early since Seattle’s ordinance had yet to take effect. In a significant development in the history of ride sharing companies, a federal judge has dismissed a lawsuit against the… Read More ›
General Dynamics will be the principal contractor for the sale. The Pentagon has disclosed that the U.S. State Department has approved the potential sale of more than 20 armoured recovery vehicles, 130 Abrams battle tanks, and other equipment to Saudi… Read More ›
The acquisition will help Intel bolster the deep learning performance of its Xeon chipset. Intel has disclosed its intentions of acquiring Nervana Systems, a San Diego, California based company that specializes in artificial intelligence. The acquisition will bolster Intel’s deep… Read More ›
The $2 billion dollar is seen as a “game changer” by electric vehicle charging companies thus they wants its usage overseen by an independent regulator. As part of the penalties imposed on Volkswagen wherein it will have to spend $2… Read More ›
Production was stopped for yesterday and today due to a shortage of car seat covers. It will resume its operations tomorrow. In a sign of further trouble brewing at Volkswagen, Volkswagen has suspended the production of cars at one of… Read More ›
VW has stated it will challenge the fine. In a further blow to embattled German auto manufacturer, Italy’s anti-trust agency has disclosed that it has fined Volkswagen 5 million euros ($5.54 million) for having misinformed car buyers about the results… Read More ›
New Mountain Capital LLC, the primary stake holder at JDA Software has earlier attempted to sell the company. There is no guarantee that these talks could result in a deal. According to sources familiar with the matter at hand, Honeywell… Read More ›
The $15.3 billion settlement does not include the 85,000 vehicles that use its 3.0 litre engine for typically found in its VW, Porsche and Audi brands. The $15.3 billion settlement is likely to get significantly bigger. According to German weekly… Read More ›
Two American investors valued the company at 2.8 billion euros in its latest funding round, which took place last year. Europe’s biggest startup Delivery Hero, a German online food take away service, is likely to go public next year, according… Read More ›
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