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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... 
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... 
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... 
GKN And GE Additive To Collaborate In Additive Manufacturing

GKN And GE Additive To Collaborate In Additive Manufacturing

Global engineering group GKN has signed an MoU with Arcam AB, Concept Laser and GE Additive with a view to collaborating on additive manufacturing. Under the agreement additive services and machines will be provided to GKN. GE Additive... 
Uber In More Legal Trouble As Probes Increase

Uber In More Legal Trouble As Probes Increase

Reports indicate that the U.S. Department of Justice is investigating Uber in five criminal probes. One of the probes involves a violation of price-transparency by the ride-hailing firm. Officials at the Department of Justice are also... 
Major U.S. Corporation Seek Supreme Court Direction On The Rights Of Gay Workers

Major U.S. Corporation Seek Supreme Court Direction On The Rights Of Gay Workers

Dozens of companies based in the United States have asked the country’s Supreme Court to shed light on whether the law that bans workplace sex discrimination offers protections to employees who are gay. The companies which include... 
Oracle NetSuite’s Operations In The Middle East Expanded

Oracle NetSuite’s Operations In The Middle East Expanded

Oracle NetSuite has announced an expansion of its Middle East operations in order to meet an increasing cloud ERP demand in the region. As a result a sales team has been added which has come complete with new leadership. Additionally... 
Investors In Mobike And Ofo In Merger Discussions

Investors In Mobike And Ofo In Merger Discussions

Reports indicate that investors in Ofo and Mobike are engaged in discussions aimed at pushing for a merger between the two of the biggest bike-sharing firms in China. This will put an end to the costly competitive battles between the... 
Jet To Launch Private-Label Brands As Competition Heats Up

Jet To Launch Private-Label Brands As Competition Heats Up

Plans are underway for Walmart-owned Jet.com online retailer to begin selling apparel from acquisitions that the offline retail giant has made in the last 12 months. According to sources clothes from Bonobos and ModCloth will be made... 
Alibaba Acquires Stake In Chinese Offline Retailer

Alibaba Acquires Stake In Chinese Offline Retailer

Chinese online retail giant Alibaba has purchased a 10% stake in supermarket operator New Huadu Supercenter. The supermarket operator has outlets in southern China’s Fujian province. Though the amount Alibaba invested in the supermarket... 
Uber To Quit Quebec If New Proposed Rules Are Not Dropped

Uber To Quit Quebec If New Proposed Rules Are Not Dropped

Ride-hailing firm Uber has announced that it will cease its operations in Quebec, Canada in order to avoid tough new regulations which were introduced last week. The new regulations that were unveiled by the Quebec provincial government... 
Microsoft Ups The Stakes In The Cloud Computing Wars

Microsoft Ups The Stakes In The Cloud Computing Wars

Microsoft is expected to use its Ignite event to be held in Orlando, Florida to unveil new technology for use in cloud computing that will assist the software giant in its battle for market share with Amazon Web Services. Among the... 
America Movil To Venture Into Argentina’s Pay Television Market

America Movil To Venture Into Argentina’s Pay Television Market

America Movil, Mexico’s telecommunications giant, recently got the regulatory approval of ENACOM – National Communications Agency of Argentina to start pay television operations in the South American country. Already, America... 
JD.Com Poaches Cloud Executive From Microsoft

JD.Com Poaches Cloud Executive From Microsoft

JD.com has poached Samuel Shen, a high-ranking cloud computing executive from Microsoft as the Chinese online retailer seeks to grow its cloud computing business. Shen has worked at Microsoft for over two decades and his last position... 
Alibaba In Deal To Allow Mexican Businesses Sell On Its e-Commerce Platform

Alibaba In Deal To Allow Mexican Businesses Sell On Its e-Commerce Platform

The Mexican government and Alibaba have signed a deal which will see products from Mexico being sold online to Chinese consumers. The e-commerce partnership was signed by the chairman of Alibaba, Jack Ma, and the president of Mexico,... 
Raycom Media And AT&T Extend Contract Temporarily

Raycom Media And AT&T Extend Contract Temporarily

Raycom Media and DirecTV have agreed to temporarily extend their current deal in order to prevent 54 stations belonging to Raycom from being blacked out on the satellite television platform. The extension of the deal will also offer... 
DirecTV Found To Owe South Carolina $15 Million In Taxes

DirecTV Found To Owe South Carolina $15 Million In Taxes

Reports indicate that a ruling has been made by the appeals court in South Carolina to the effect that DirecTV, a pay-television firm, owes the Palmetto State close to $15 million in taxes. According to the judges DirecTV’s returns... 
Prices At Wholefoods Slashed After Amazon Completes Acquisition

Prices At Wholefoods Slashed After Amazon Completes Acquisition

Following its acquisition by Amazon, Whole Foods Market has slashed the prices of some popular food items such as apples and avocados in a bid to shed its high-prices reputation which has seen it earn the moniker ‘whole paycheck’.... 
Walmart And Google Ink Voice-Activated Shopping Partnership

Walmart And Google Ink Voice-Activated Shopping Partnership

Walmart has announced that it is partnering with Google in order to allow for voice shopping via Google Assistant starting next month. This is the biggest deal in retail for Google so far as the online search giant seeks to widen the... 
Walmart And Uber Expand Their Grocery Delivery Partnership

Walmart And Uber Expand Their Grocery Delivery Partnership

Walmart’s partnership with Uber in making home deliveries has been extended to additional cities in the United States including Tampa and Orlando in the state of Florida and Dallas in the state of Texas. Initially the partnership... 
JD To Launch Luxury Retail Platform As It Slides Into Loss

JD To Launch Luxury Retail Platform As It Slides Into Loss

JD.com, the Chinese online retail giant, has revealed plans to start retail sites dedicated to selling luxury goods. This comes in the wake of Alibaba Group revealing similar plans as the two Chinese e-commerce firms fight for high-end... 
Google Pays Apple Billions For Default Search Engine Status

Google Pays Apple Billions For Default Search Engine Status

Reports indicate that Apple is paid a significant amount of money by Alphabet to ensure that the search engine on iPads and iPhones remains Google by default. According to Toni Sacconaghi, an analyst at Bernstein, Apple could be receiving... 
GE To Shut Down Its Rochester Plants And Move Operations To China

GE To Shut Down Its Rochester Plants And Move Operations To China

Executives of General Electric have announced that the conglomerate will be shutting down the manufacturing plant it has in Rochester, New York. Though approximately 145 employees work at the plant only about 90 will lose their jobs.... 
Bank Of America To Introduce A Premium Rewards Card

Bank Of America To Introduce A Premium Rewards Card

Next month Bank of America will introduce a credit card under its Premium Rewards scheme which will come with an annual fee of $95. The card will be cheaper than similar products issued by other financial institutions such as the Sapphire... 
Skype Introduces PayPal Payments Feature On Its Mobile App

Skype Introduces PayPal Payments Feature On Its Mobile App

PayPal has announced an agreement with the Microsoft-owned Skype which will enable users of the communication software to send money to each other. The deal will allow PayPal to extend its user base as Skype has been downloaded more... 
Discovery Communications and Scripps Network Interactive Discuss Merger

Discovery Communications and Scripps Network Interactive Discuss Merger

Discovery Communications CEO David Zaslav appears to be quite ecstatic about the company’s new $14.6 billion deal to acquire Scripps Network Interactive around early next year. This will bring together the two cable network firms... 
NYC Governor Cuomo Adopts Private “Adoption” Strategy to Fix MTA

NYC Governor Cuomo Adopts Private “Adoption” Strategy to Fix MTA

Sometimes, you have to think outside the box a little bit if you want solve complicated problems. Such is the case with New York Governor Cuomo, who is now faced with fixing the myriad problems wit the Metropolitan Transportation Authority,... 
YouTube and Google To Combine—and Streamline—Services

YouTube and Google To Combine—and Streamline—Services

The Head of Music at YouTube has confirmed swirling rumors that the company is, in fact, planning to merge the Google Play Music service with the YouTube Red platform to create something brand new in the streaming world. At a panel... 
Chinese Firms Alibaba And Tencent Lead In Startup Funding In Asia

Chinese Firms Alibaba And Tencent Lead In Startup Funding In Asia

Chinese online retail giants Alibaba and Tencent are betting big on Asian startups following the massive amounts of cash they have set aside to fund start-ups in Asia. Both Alibaba and Tencent have reportedly invested a lot of capital... 
Oracle On A Hiring Spree In The EMEA Region

Oracle On A Hiring Spree In The EMEA Region

Oracle is planning to expand its cloud business outside its domestic market of the United States and is consequently looking to hire an extra 1,000 employees to help in the effort. In a statement, the enterprise software maker revealed... 
Alisports In Efforts To Develop The Sports Industry In China

Alisports In Efforts To Develop The Sports Industry In China

The Chinese online retailing giant Alibaba launched Alisports with the aim of developing the sports industry in China. Alisports which now boasts of 210 employees is also partially funded by Yunfeng Capital, a venture capital firm... 
Argentina’s YPF Looking To Sell Stake In Power Firm To General Electric

Argentina’s YPF Looking To Sell Stake In Power Firm To General Electric

Reports indicate that YPF SA, the state-run oil firm of Argentina, is holding talks with US-based General Electric with a view to selling its 49% stake in a power generation subsidiary to the conglomerate. A spokeswoman for General... 
More U.S. Companies To Post Their Results This Week

More U.S. Companies To Post Their Results This Week

This week firms such as Johnson & Johnson, Abbott Laboratories, Lockheed Martin, General Electric, Microsoft and Netflix are expected to release their earnings for the season. Results from some banking giants in the United States...