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Mergers and Acquisitions; the impact they have on various industries

Mergers and Acquisitions; the impact they have on various industries

These are two terms that have become synonymous with the daily financial news. In fact, if we didn’t know better, then we might think that they were, in fact, the same thing. Whenever two companies announce their intentions to... 
PayPal Takes A Jab At Square With Its $2.2 Billion Acquisition Of Payment FirmiZettle

PayPal Takes A Jab At Square With Its $2.2 Billion Acquisition Of Payment FirmiZettle

Online payment giant PayPal is making power moves with the announcement of its $2.2 Billion acquisition of a Swedish payment startup called iZettle, amid growing competition from a rival firm known as Square. PayPal has confirmed that... 
Norway reviews loot boxes and may classify them as gambling

Norway reviews loot boxes and may classify them as gambling

Loot boxes are becoming increasingly controversial across the world. Belgium and the Netherlands have already classified loot boxes as gambling and countries such as Sweden are looking forward to joining the club. Norway is not far... 
Intel Files Patent For Bitcoin Mining Hardware

Intel Files Patent For Bitcoin Mining Hardware

Reports indicate that chipmaker Intel recently filed an application for a patent with the U.S. Patents and Trademark Office for a technology describing hardware that would be used to increase the speed of bitcoin (BTC) mining as well... 
Amazon Made An Unsuccessful Approach For U.K. Retailer Waitrose Last Year

Amazon Made An Unsuccessful Approach For U.K. Retailer Waitrose Last Year

Reports indicate that online retail giant Amazon made an informal attempt which was unsuccessful to acquire Waitrose, a British supermarket chain, in 2017. According to the Sunday Times an unnamed director at John Lewis Partnership... 
Tencent Music Planning On An Initial Public Offering

Tencent Music Planning On An Initial Public Offering

Reports indicate that Tencent Music, a subsidiary of Tencent Holdings, is headed for a possible Initial Public Offering. According to The Wall Street Journal the IPO is planned to take place in this year’s second half and is likely... 
Amazon Developing A Robot For The Home

Amazon Developing A Robot For The Home

Reports indicate that online retail giant Amazon is developing a household robot. According to the reports Amazon is working on building a domestic robot that has been codenamed Vesta, the name for the Roman goddess of family, home... 
Verizon Updates Privacy Policy To Allow Targeted Ads

Verizon Updates Privacy Policy To Allow Targeted Ads

The privacy policies of Oath, the firm that was created when telecommunications giant Verizon Communications merged its Yahoo and AOL properties, have been updated allowing the company to scan emails with a view to ensuring better... 
Walmart To Invest $145 Million In The State Of California

Walmart To Invest $145 Million In The State Of California

Walmart has indicated that it intends to invest approximately $145 million in the course of the next one year in the state of California in remodeling stores, opening a supercenter as well as expanding online and in-store services.... 
Groupon To Sell Tickets To Universal Orlando Theme Parks

Groupon To Sell Tickets To Universal Orlando Theme Parks

Recently Groupon entered into a contract to sell tickets on behalf of Universal Orlando Resort. The deal involves ticket packages for three theme parks that are located in Orlando – Volcano Bay, Islands of Adventure and Universal... 
More CBRS Partners Announced By Verizon Communications

More CBRS Partners Announced By Verizon Communications

Telecommunications firm Verizon Communications has formed partnerships with leading players aimed at driving advancements in CBRS – Citizen Band Radio Spectrum. Previously the federal government was the major user of this band and... 
Chevron Submits Proposal For The Extension Of Indonesia’s Rokan Oil Contract

Chevron Submits Proposal For The Extension Of Indonesia’s Rokan Oil Contract

A proposal has been submitted by Chevron with a view to extending the deal to operate Indonesia’s Rokan oil block, the country’s single biggest crude oil source, beyond 2021. This was disclosed on Friday by Arcandra Tahar, the... 
Synopsys Acquires Silicon and Beyond Private Limited to Expand High-Speed SerDes IP Portfolio

Synopsys Acquires Silicon and Beyond Private Limited to Expand High-Speed SerDes IP Portfolio

Synopsys has announced acquiring Silicon and Beyond Private Limited, which specializes in the provision of high-speed SerDes technology that is used in many heavy data applications like networking, cloud computing and machine learning.... 
Home Sales Rebounding in the U.S. After Strong February

Home Sales Rebounding in the U.S. After Strong February

Despite low numbers early in the New Year, existing-home sales in the U.S. bounced back in February after two consecutive months of decline. According to the National Association of Realtors (NAR), the upward trend reflects a 3 percent... 
Boston Scientific Announces Agreement To Acquire NxThera

Boston Scientific Announces Agreement To Acquire NxThera

Boston Scientific has announced entering an agreement that will see it acquire NxThera. NxThera is privately-owned company with its headquarters in Maple Grove, Minnesota. The company developed the Rezūm® system which it commercialized... 
Google Is Reportedly Buying Light-Field Camera Startup Lytro

Google Is Reportedly Buying Light-Field Camera Startup Lytro

Several sources have indicated that tech giant Google is warming to acquire Lytro. Lytro is an imaging startup company, which mainly deals in light-field technology. Several sources believe this will be an “asset sale” deal and... 
Pfizer To Sell Schizophrenia Experimental Drug To Biogen

Pfizer To Sell Schizophrenia Experimental Drug To Biogen

Pharmaceutical firm Biogen has disclosed that it will acquire an experimental drug developed by Pfizer and which is meant to treat schizophrenia symptoms. Biogen could spend as much as $600 million on the purchase that will see it... 
Production Of Tesla Model 3 Temporarily Suspended Last Month

Production Of Tesla Model 3 Temporarily Suspended Last Month

Electric carmaker Tesla has disclosed that production of its Model 3 was suspended temporarily towards the end of last of month. It was a planned breather and it may lead to an increase in production levels in the near future. The... 
Dropbox Discloses Valuation Target As IPO Nears

Dropbox Discloses Valuation Target As IPO Nears

Cloud storage firm Dropbox has disclosed that its valuation target has been set at between $7 billion to $8 billion and that its shares will range between $16 and $18. This valuation is below the $10 billion price that had been placed... 
GlobalFoundries Alleges Anti-Trust Practices By Taiwan Semiconductor Manufacturing

GlobalFoundries Alleges Anti-Trust Practices By Taiwan Semiconductor Manufacturing

The world’s second-biggest contract chipmaker, GlobalFoundries, has sent a request to Chinese regulators asking them to undertake a probe of Taiwan Semiconductor Manufacturing, over possible violation of antitrust laws. According... 
Twitter Suspends ‘Tweetdeckers’ As It Moves To Enforce Terms Of Service

Twitter Suspends ‘Tweetdeckers’ As It Moves To Enforce Terms Of Service

Reports indicate that microblogging service Twitter has suspended users who have been gaming the system. According to Buzzfeed, a number of accounts which boast of followers numbering in the millions between them have been suspended.... 
Petrobras Obtains $4.35 Billion In Revolving Credit Facility From Bank Syndicate

Petrobras Obtains $4.35 Billion In Revolving Credit Facility From Bank Syndicate

Brazilian oil giant Petrobras has inked a credit facility amounting to $4.35 billion which is expected to mature five years from now. According to Petrobras the credit facility has been made possible by a syndicate consisting of 17... 
Walmart To Launch Four More Private-Label Apparel Brands

Walmart To Launch Four More Private-Label Apparel Brands

Big box retailer Walmart has announced that it will be unveiling private-label fashion brands numbering four as it looks to take on Amazon and Target who have aggressively ventured into this segment. The private label brand will consist... 
Twitter’s Future In Japan Is Looking Bright

Twitter’s Future In Japan Is Looking Bright

Twitter’s revenues in Japan have grown following the growth in the subscriber base, the improvement of advertising options on the social media platform as well as the growing use of video by both advertisers and users. Earlier in... 
Apple Will Now Store iCloud Keys For Chinese Users Domestically

Apple Will Now Store iCloud Keys For Chinese Users Domestically

Reports indicate that the cryptographic keys required to unlock an Apple iCloud account belonging to Chinese users will no longer be kept in the U.S. but will now be stored in China. This means that Chinese authorities will find it... 
Deal To Acquire Mackevision By Accenture Concluded

Deal To Acquire Mackevision By Accenture Concluded

Professional services firm Accenture has announced that its acquisition of Mackevision, a Germany-based producer of immersive and 3D-enabled product content. This acquisition is expected to enhance the visualization capabilities of... 
Popular To Buy Wells Fargo’s Banking Assets In Puerto Rico

Popular To Buy Wells Fargo’s Banking Assets In Puerto Rico

U.S. lender Wells Fargo has reached an agreement to dispose of its banking assets in Puerto Rico at a price of approximately $1.7 billion. This comes less than a fortnight since the lender was punished by the Federal Reserve for malpractices... 
TechInsights Discloses Cost Of Building Apple HomePod Speaker

TechInsights Discloses Cost Of Building Apple HomePod Speaker

According to a report released by TechInsights, the cost of building the HomePod speaker is approximately $216. The Apple smart speaker consequently generates profit margins that are thinner compared to other devices such as the iPhone... 
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... 
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... 
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... 
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... 
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... 
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...