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Apple Could Break Tradition And Order Memory Chips From Chinese Firm

Apple Could Break Tradition And Order Memory Chips From Chinese Firm

Cupertino, California-based Apple is holding discussions with Chinese state-backed firm, Yangtze Memory Technologies, with a view to purchasing NAND flash chips. If the talks are successful this will be Apple’s first time to buy... 
Walmart-owned Sam’s Club Revamps Its Membership Structure

Walmart-owned Sam’s Club Revamps Its Membership Structure

Walmart’s unit, Sam’s Club, has announced that the membership structure of its customers will be consolidated. The warehouse chain will also enhance its online retail offerings by launching additional e-commerce warehouses as well... 
Walgreens’ Takeover Of Amerisource Will Not Yield A Competitive Advantage; Analysts

Walgreens’ Takeover Of Amerisource Will Not Yield A Competitive Advantage; Analysts

According to analysts the potential takeover deal of AmerisourceBergen by Walgreens will lead to the retailer boosting cash flow as well as increasing its presence in the specialty pharmacy market. However the deal will not contribute... 
Citigroup Targeting Growth In Africa And Middle East

Citigroup Targeting Growth In Africa And Middle East

According to a senior official at Citigroup the financial institution expects to turn in the best performance in a decade this year with regards to investment banking in Africa and the Middle East. The top-performing country is likely... 
Goldman Sachs Discussing With Apple Possibility Financing Device Purchases

Goldman Sachs Discussing With Apple Possibility Financing Device Purchases

Reports indicate that discussions are taking place between Apple and Goldman Sachs Group with a view to having the latter offering loans to consumers to buy the former’s devices such as iPhones, iPads, watches as well as other gadgets.... 
Boeing Lands $6.6 Billion Missile Defense Agency Contract

Boeing Lands $6.6 Billion Missile Defense Agency Contract

Missile Defense Agency has awarded Boeing a $6.6 billion contract to supply 20 Ground-Based Interceptors, build a silo and to maintain the GMD – Ground-based Midcourse Defense System. In the event of exercising all options, the total... 
Orange Deploys Network Services Orchestrator Of Cisco

Orange Deploys Network Services Orchestrator Of Cisco

Telecommunications giant Orange is deploying the Network Services Orchestrator of Cisco with a view to improving the speed at which services are delivered across its footprint. According to Cisco, there are significant challenges that... 
Berkshire, Amazon And JPMorgan To Team Up In Reducing Healthcare Costs

Berkshire, Amazon And JPMorgan To Team Up In Reducing Healthcare Costs

JPMorgan Chase, Berkshire Hathaway and Amazon have announced that they are forming a company whose goal will be to reduce the cost of healthcare for their employees. The move was seen as posing a challenge to the inefficient healthcare... 
Verizon Abandons Plans For Direct Sales Of Huawei Handsets

Verizon Abandons Plans For Direct Sales Of Huawei Handsets

Reports indicate that Verizon has cancelled plans to sell mobile devices made by Huawei Technologies, a Chinese firm. This will include the new Huawei Mate 10 Pro and the move comes following pressure from the United States’ government.... 
Intel, Huawei And Deutsche Telecom Successfully Conducts 5G Network Tests

Intel, Huawei And Deutsche Telecom Successfully Conducts 5G Network Tests

The over-the-air test conducted by Huawei, Deutsche Telecom and Intel to showcase 5G interoperability has emerged as the first successful one in the world. Intel’s 5G NR Mobile Trial platform and the 53 base station of Huawei was... 
Apple Sets Release Date For The HomePod Smart Speaker

Apple Sets Release Date For The HomePod Smart Speaker

After Apple failed to ship the HomePod speaker during the busy holiday shopping season the iPhone maker has finally announced that its smart speaker will be released before the end of this month. Apple’s smart speaker will make use... 
High-Speed Internet Rolled Out To Tennessee Communities By AT&T

High-Speed Internet Rolled Out To Tennessee Communities By AT&T

Internet access in the state of Tennessee has been expanded by telecommunications giant AT&T with a view to providing better services to people living in both urban and rural areas. This is part of the FCC Connect America Fund... 
Escalating Anxiety Symptoms Could be Early Indicator of Alzheimer’s Disease 

Escalating Anxiety Symptoms Could be Early Indicator of Alzheimer’s Disease 

Recent Alzheimer’s studies suggest that there may be an association between elevated levels of amyloid beta levels and exacerbated anxiety symptoms.  The findings of this new study seem to support a standing hypothesis that... 
Bob Iger’s Contract Could Be Extended If Disney Acquires Fox’s Assets

Bob Iger’s Contract Could Be Extended If Disney Acquires Fox’s Assets

Reports indicate that the exit of longtime chief executive officer and chairman of Walt Disney, Bob Iger, could be delayed once again if the media conglomerate goes on to acquire some of 21st Century Fox’s assets. According to sources... 
Shell Approves First North Sea Project In Six Years

Shell Approves First North Sea Project In Six Years

A North Sea development has been approved by Royal Dutch Shell, the first in a period of over six years. According to Shell the Penguins field will be redeveloped in partnership with ExxonMobil with costs estimated to exceed $1 billion.... 
Tencent And Apple Reach Deal On Tipping

Tencent And Apple Reach Deal On Tipping

Tencent and Apple have reached a deal which will see the resumption of tipping to content creators and video-streaming stars by users of WeChat, the former’s messaging app. The tipping feature was suspended in 2017 following a dispute... 
New Hema Stores To Be Opened By Alibaba In Beijing

New Hema Stores To Be Opened By Alibaba In Beijing

Chinese online retail giant Alibaba gas has indicated that it will accelerate its push into offline retail by adding 30 new brick-and-mortar retail outlets in Beijing. The retail outlets will fall under Alibaba’s Hema brand name.... 
BP To Write Down $1.5 Billion After U.S. Tax Reforms

BP To Write Down $1.5 Billion After U.S. Tax Reforms

British oil major BP has revealed that the tax reforms carried out in the United States will lead to a $1.5 billion write down. However in the long term the tax reforms will benefit the oil giant’s business in the United States.... 
Employees Of Zions Bancorporation To Get Bonuses And Higher Pay Following Tax Cuts

Employees Of Zions Bancorporation To Get Bonuses And Higher Pay Following Tax Cuts

Zions Bancorporation has disclosed that following the tax reforms that were carried out in the United States towards the end of last year, ongoing compensation for over 40% of the company’s employees would be increased starting this... 
Facebook Working To Enable Cross-Posting Of Instagram Stories On WhatsApp

Facebook Working To Enable Cross-Posting Of Instagram Stories On WhatsApp

Plans are underway to enable the cross-posting of Instagram Stories on WhatsApp. This is an attempt by Facebook to boost engagement among users with a view to driving interactions. During the last conference call the chief executive... 
Netflix Still In The Lead As Rivals Play Catchup

Netflix Still In The Lead As Rivals Play Catchup

With a content budget of approximately $6 billion and over 100 million subscribers, Netflix has clearly emerged as the leader in the online video streaming sector. However other players including Hulu and Amazon have made major inroads... 
Iraq And Exxon Mobil Yet To Reach Agreement On Southern Oilfields

Iraq And Exxon Mobil Yet To Reach Agreement On Southern Oilfields

The Iraqi Oil Minister has disclosed that an agreement is yet to be reached with oil major Exxon Mobil with regards to a couple of southern oilfields. According to Jabar al-Luaibi, the Iraqi Oil Minister, if an agreement is not reached... 
Amazon To Purchase Maker Of Connected Home Security Cameras

Amazon To Purchase Maker Of Connected Home Security Cameras

Online retail giant Amazon has announced that it is acquiring Blink, a maker of internet-connected household doorbells security cameras based in Andover, Massachusetts. Neither Blink nor Amazon disclosed the financial terms of the... 
Pfizer’s Xeljanz Gets Approval From The FDA For A Second Indication

Pfizer’s Xeljanz Gets Approval From The FDA For A Second Indication

The U.S. Food and Drug Administration has announced that its Xeljanz drug has been approved to treat patients suffering from active psoriatic arthritis. In the U.S. Xeljanz is used in the treatment of patients suffering from rheumatoid... 
Tencent To Acquire A 5% Interest In Yonghui Superstores

Tencent To Acquire A 5% Interest In Yonghui Superstores

Reports indicate that Tencent is set to a purchase a stake in Yonghui Superstores, a Chinese supermarket chain at a price of $638 million. An exchange filing by Yonghui revealed that the stake Tencent is acquiring is about 5%. With... 
AT&T And DoJ Tried Negotiations But Talks Flopped Leading To Suit

AT&T And DoJ Tried Negotiations But Talks Flopped Leading To Suit

A court filing has revealed that unsuccessful settlement talks were held between telecommunications giant AT&T and the U.S. Justice department over the bid by the former to acquire Time Warner. According to the filing the two parties... 
Walmart, IBM, JD.com In Blockchain Alliance Aimed At Fostering Food Safety

Walmart, IBM, JD.com In Blockchain Alliance Aimed At Fostering Food Safety

Walmart, IBM, JD.com as well as Tsinghua University National Engineering Laboratory have announced a collaboration in a Blockchain Food Safety Alliance which is aimed at promoting greater transparency in China’s food supply chain... 
Ericsson Picked By Verizon Communications As A 5G Partner

Ericsson Picked By Verizon Communications As A 5G Partner

Verizon Communications has picked Ericsson to supply networking gear for the telecommunications giant’s commercial launch of 5G. The leading mobile carrier in the United States is expected to unveil pre-standard 5G in 2018’s second... 
Bob Iger’s Contract Could Be Extended If Disney Acquires Fox’s Assets

Bob Iger’s Contract Could Be Extended If Disney Acquires Fox’s Assets

Reports indicate that the exit of longtime chief executive officer and chairman of Walt Disney, Bob Iger, could be delayed once again if the media conglomerate goes on to acquire some of 21st Century Fox’s assets. According to sources... 
ExxonMobil Inks Production Contractions With Mauritania

ExxonMobil Inks Production Contractions With Mauritania

Production sharing contracts have been inked between Production Mauritania Deepwater, ExxonMobil Exploration (a wholly owned affiliate of ExxonMobil Corporation) and the Mauritanian government with relation to the C14, C17 and C22... 
ESPN To Cut Another 150 Behind-The-Scenes Jobs 

ESPN To Cut Another 150 Behind-The-Scenes Jobs 

Walt Disney-owned sports broadcaster ESPN has announced that another round of job cuts is imminent with 150 employees expected to lose their jobs. According to the president of the sports broadcaster, John Skipper, the roles that are... 
Automation Could Lead To Massive Loss Of Jobs By 2030

Automation Could Lead To Massive Loss Of Jobs By 2030

A new study predicts that globally between 0.4 billion and 0.8 billion people could lose their jobs to automation between now and the year 2030. According to McKinsey & Company, a consulting firm, between 3% and 14% of workers... 
Nokia Denies It Intends To Acquire Juniper Networks

Nokia Denies It Intends To Acquire Juniper Networks

Finnish tech giant Nokia has denied reports which indicated that it was engaged in talks aimed at acquiring Juniper Networks, a maker of network gear based in the United States. Earlier in the week it had been reported that Nokia was... 
Number Of China Mobile’s 4G Subscribers To Surpass 0.7 billion In 2018

Number Of China Mobile’s 4G Subscribers To Surpass 0.7 billion In 2018

China Mobile has announced that it expects the number of 4G customers to surpass 700 million next year from the current number of 625 million. With regards to broadband users China Mobile expects the number of household broadband users... 
High-Interest Consumer Loans Banned On Alibaba’s Alipay Platform

High-Interest Consumer Loans Banned On Alibaba’s Alipay Platform

A ban has been placed by Alibaba on consumer-loan products which charge yearly interests that are above 24% and which are offered on the online retail giant’s Alipay platform. This comes amidst increased scrutiny from the Chinese... 
Amazon Trials Australian Launch Following Months Of Hype

Amazon Trials Australian Launch Following Months Of Hype

Online retail giant Amazon started an order-taking trial suggesting that it was about to enter the Australian market. The trial begun on Thursday with the search box of Amazon’s Australian website automatically filling in names of... 
Chevron Corporation in JV Deal With Nigerian National Petroleum Corporation

Chevron Corporation in JV Deal With Nigerian National Petroleum Corporation

Chevron and Nigerian National Petroleum Corporation have inked a joint venture deal worth approximately $1.7 billion. About 92% of the joint venture project is almost complete. Financed in two phases, third parties have provided funding... 
Apple Retakes Lead In Wearables Market In The Third Quarter

Apple Retakes Lead In Wearables Market In The Third Quarter

Apple has retaken back the lead in wearables following the release of its LTE-enabled smartwatch. In the third quarter the Cupertino, California-based tech giant managed to ship smartwatches numbering approximately 3.9 million units... 
Wells Fargo Lays Off Employees At Card-Processing Venture

Wells Fargo Lays Off Employees At Card-Processing Venture

The debit and credit card processing venture of Wells Fargo is undergoing restructuring and this has led to the laying off of around 50 employees. According to the lender the move is aimed at aligning the workforce with current business... 
Broadcom’s Acquisition Bid To Be Rebuffed By Qualcomm

Broadcom’s Acquisition Bid To Be Rebuffed By Qualcomm

Sources indicate that chipmaker Qualcomm intends to reject a takeover bid by Broadcom this week, a move that is likely to ignite a dramatic acquisition battle. The board of directors of Qualcomm were expected to meet on Sunday with... 
Amazon Alexa Is Dominating In The Smart Homes Space

Amazon Alexa Is Dominating In The Smart Homes Space

A combination of Amazon Prime and Alexa is turning out to be the connected household’s leading ecosystem. So far Alexa has garnered more than 25,000 skills and this has resulted in usage increasing by five times in the last one year.... 
Google And Salesforce Form Partnership As They Seek Expansion

Google And Salesforce Form Partnership As They Seek Expansion

Google and Salesforce have formed an alliance which will see the two tech companies integrate their cloud-computing services and software solutions. Google Analytic services will for instance be integrated into the marketing software... 
iPhone X To Be Made Available In 14 More Countries Later This Month

iPhone X To Be Made Available In 14 More Countries Later This Month

Apple has entered the second phase with regards to the launch of the iPhone X and is now making it available in 14 additional countries. On November 23, the iPhone X will hit the stores in Israel and then on November 24, sale of the... 
Microsoft And Porsche Invest In A 3D-Printing Startup

Microsoft And Porsche Invest In A 3D-Printing Startup

A 3D printing startup known as Markforged has attracted an investment of $30 million from German car manufacturer Porsche as well as Siemens’ and Microsoft’s venture capital arms. This comes at a time when the initial excitement... 
Saudi Arabia’s Sovereign Wealth Fund Hires BofA Banker

Saudi Arabia’s Sovereign Wealth Fund Hires BofA Banker

Alireza Zaimi, a financier based in London is set to be appointed by Saudi Arabia to a high-ranking management post at the country’s sovereign wealth fund. This comes at a time when the Middle Eastern country is hiring foreign expertise... 
General Electric’s Predix And Microsoft’s Azure To Ink Partnership

General Electric’s Predix And Microsoft’s Azure To Ink Partnership

Software giant Microsoft and industrial conglomerate General Electric are expected to announce the formation of a partnership involving the Azure cloud platform and Predix industrial software. According to GE Digital’s chief executive... 
Wyevale Gardens Centres To Upgrade To Oracle Retail Stores Suite

Wyevale Gardens Centres To Upgrade To Oracle Retail Stores Suite

Wyevale Garden Centers, a retail chain operating in Wales and England, will invest in Oracle’s Retail Stores Suite as the brand moves from the Retail J solution developed by Micros. “Oracle Retail Xstore Point-of-Service will... 
Alibaba Announces Plans For Car-Vending Machines

Alibaba Announces Plans For Car-Vending Machines

Tmall, Alibaba’s business-to-consumer platform, has announced a plan that will see cars sold through vending machines. Buyers who have had their credit approved will be able to use their mobile phones to browse cars kept in a warehouse... 
LG And Qualcomm In Driverless Car Research And Development Partnership

LG And Qualcomm In Driverless Car Research And Development Partnership

South Korean firm LG Electronics has announced that it is partnering with Qualcomm in efforts to research and develop driverless car technologies jointly. Consequently the two companies have set up a research and development center... 
Nokia And Amazon Web Services Announce Strategic Collaboration

Nokia And Amazon Web Services Announce Strategic Collaboration

Amazon Web Services and Nokia have announced that they will partner in trying to increase coverage with regards to the cloud, Internet of Things and 5G. The partnership will take advantage of the work Nokia has done in 5G, wired and...