Apple has invested $390 million in Finisar, the company that makes components for the vertical-cavity surface-emitting lasers (VCSEL) used in iPhone X's TrueDepth camera.The investment is funded by Apple's $1 billion Advanced Manufacturing Fund and will be used by Finisar to build...
Jack Ma, one of the richest men in China, told off US companies by telling them to stop complaining about Chinese government policies that stifle growth of foreign companies in the country.While addressing the recent World Internet Conference in...
John Flannery, who took over the helm at General Electric (GE) from Jeffrey Immelt in August this year, wants to make GE more efficient. In line with that objective, the company intends to cut 12,000 jobs in its power...
https://youtu.be/BvVwRAFt_24Wal-Mart, the number one retailer in the world, has decided to drop “Stores” from its name and drop the hyphen as well.The retail giant announced Wednesday that it will shorten its legal name to Walmart Inc. from Wal-Mart Stores...
   https://youtu.be/aD7bMs22kdUApple was roundly criticized for having its CEO Tim Cook attend the State-run World Internet Conference in China.The event was organised by the Cyberspace Administration of China, well known for its censorship activities in the country. The agency was...
https://www.youtube.com/watch?v=odkpNyemxYAAfter seeing overwhelming shipment volumes far above expectations on Cyber Monday, transportation and logistics major United Parcel Service (UPS) said this Tuesday that the "bubble" at certain package centers has worked its way through the system for the most...
India-based IT major Infosys announced last week that Salil Parekh will be taking over as the company's CEO & MD on January 2, 2018.Mr. Parekh has been serving as Executive Director on Capgemini's Group Executive Board, and has been...
As Disney approaches what could be a landmark deal to acquire key assets of 21st Century Fox, the latter has announced that its veteran Chairman and CEO Uday Shankar of Star India has been promoted as President of Fox...
As early as next week, Disney may announce the acquisition of key assets of the Rupert Murdoch-controlled Twenty-First Century Fox.Comcast is also thought to be in talks with Fox, but has not progressed as far as Disney, say sources.Disney...
Starbucks has its sights clearly set on China as its biggest future market, and is aggressively opening stores in the PRC.On Wednesday this week Starbucks will be opening its largest cafe in the world, a sprawling 30,000 sq. ft....
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...