CVS Health has now agreed to buy Aetna for $69 billion in cash and stocks, but will regulators frown on such a marriage that would effectively change the landscape of the health care industry?Several industries are currently in consolidation...
The United States' largest automaker, General Motors, is gearing up to launch completely autonomous fleets of ride-hailing cars - hopefully all-electric - across major U.S. cities by 2019.The goal is certainly an ambitious one since its rival Ford has...
Barnes & Noble had a bad second quarter, reporting a $30 million net loss against last year's net loss of $10 million, and coming in below analysts' expectations.Second quarter store sales came in at 6.3% less than the same...
https://www.youtube.com/watch?v=SixrbaqiSSY Alexa for Business is a new service being launched by Amazon to allow companies to craft their own voice commands and related skills that are highly customized to their business and corporate needs.For example, executives will be able to...
The 2017 Motor Trend Car of the Year has been awarded to the Alfa Romeo Giulia.This sexy Italian stallion is a 2.0L, four-cylinder monster that delivers 280hp and sports twin turbo-chargers.Motor Trend says the Giulia has "a racy engine...
The Short:On Sunday night Meredith Corp. concluded a sale agreement for an all-cash purchase of Time Inc. for nearly $3 billion, backed by a $650 million infusion by billionaire brothers Charles G. and David H. Koch.The Long:Meredith, which owns Family...
The massive data breach last year involving 57 million user accounts at Uber, which was revealed this week, now has a new twist to it.According to the company, it disclosed information on the breach to Japanese investor SoftBank before...
Margaret C. Whitman, more popularly known as Meg Whitman, CEO of HP Enterprise Co. and one of Silicon Valley's most powerful women, will be stepping down from her role after six years and the oversight of one of the...
Uber Technologies Inc. has just announced that it had paid hackers $100,000 not to release data from 57 million accounts, and had concealed the information.Two people were fired over the incident, including Chief Security Officer Joe Sullivan. Uber's new...
Startups focusing on warehouse automation systems, or warehouse robots, are increasingly getting more funding, and this year's tally is already up to $70 million.The race to start creating automation systems for warehousing activities started around 2012, when Amazon bought...
As the holiday travel season gears for a ramp-up, rentals site Airbnb and hospitality group Marriott are intensifying their attacks on each other.The latest punch, thrown by Airbnb, is a letter to Arne Sorenson, CEO of Marriott, asking him...
Uber has signed a major deal with Volvo to buy around 24,000 XC-90 SUVs over a three-year period from 2019 through 2021.The deal comes in at about $1.4 billion considering a U.S. base model price of $46,900, according to...
The U.S. Department of Justice has filed a lawsuit to block the AT&T acquisition of Time Warner, a move that is being seen as a wide deviation from traditional antitrust action.Since the companies do not directly compete with each...
Through an alliance comprising Alibaba Group Holding Ltd, Auchan Retail S.A. and Ruentex Group, the e-commerce giant will invest approximately $2.9 billion in China's hypermarket major Sun Art Retail Group Ltd.Alibaba will purchase its stake from Reuntex, while Auchan will increase...
Chipmaker Marvell Technology on Monday said it would pay around $6 billion in cash and stock to buy rival company, Cavium.The semiconductor industry is quickly moving into a consolidation phase as larger companies like NVIDIA grow at a tremendous...