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Bon-Ton Stores Preparing To Wind Down Its Business

Bon-Ton Stores Preparing To Wind Down Its Business

Bon-Ton Stores has reached an agreement to dispose of its assets to liquidators and debtholders. Some of the brands owned by Bon-Ton Stores include Younkers, Herberger’s, Elder-Beerman, Carson’s, Boston Store, Bergner’s and Bon-Ton.... 
Alibaba’s Cloud Computing Unit Inks Agreement With Oceanwide

Alibaba’s Cloud Computing Unit Inks Agreement With Oceanwide

Aliyun, the cloud computing unit of Chinese online retail giant Alibaba, has inked a framework agreement with Oceanwide Holdings. This is with regards to a smart city project for Wuhan City. The inking of the deal comes in the wake... 
Best Buy And Amazon Partner To Sell Fire Edition Smart Television Sets

Best Buy And Amazon Partner To Sell Fire Edition Smart Television Sets

Amazon has inked a deal with Best Buy where the latter will be responsible for exclusively selling Amazon Fire-Edition TVs. This was disclosed by the chief executive officer of Amazon, Jeff Bezos, and the chief executive officer of... 
Trump Accuses Amazon Of Exploiting The United States’ Postal Service

Trump Accuses Amazon Of Exploiting The United States’ Postal Service

A task force has been formed by the U.S. President Donald Trump with the aim of studying the operations and finances of the United States Postal Service. This comes less than a fortnight since Trump accused online retail giant Amazon... 
General Motors And Ford To Ditch Some Of Their Small Car Brands

General Motors And Ford To Ditch Some Of Their Small Car Brands

Reports indicate that General Motors intends to discontinue the Chevrolet Sonic while its rival Ford Motor is also planning to kill Fiesta in the United States. Besides the two subcompact cars General Motors is also considering the... 
AMC To Open The First New Cinema In Saudi Arabia This Month Since The 1970s

AMC To Open The First New Cinema In Saudi Arabia This Month Since The 1970s

The first cinema in Saudi Arabia in over three decades is expected to open later this month in the capital Riyadh after authorities inked an agreement with AMC Entertainment to launch 40 theatres in the course of the next half a decade.... 
Apple Increases Spending On Original Programming

Apple Increases Spending On Original Programming

Reports indicate that YouTube and Facebook have been outspent by Apple with regards to original programming. Additionally Apple has also emerged as a threat to Netflix as it has bid aggressively for original content. The reports further... 
Waymo Orders 20,000 Electric SUVs From Jaguar Land Rover

Waymo Orders 20,000 Electric SUVs From Jaguar Land Rover

Google’s driverless car unit Waymo has announced a deal to acquire cars from Jaguar Land Rover numbering 20,000 to add to its autonomous fleet in the course of the coming two years. Specifically this will be the Jaguar I-PACE, an... 
General Motors’ Cruise AV To Go Into Production In 2019

General Motors’ Cruise AV To Go Into Production In 2019

U.S.-based giant automaker General Motors has disclosed that the driverless cars it is developing will go into production next year. The carmaker has also announced that it will unveil a ride-hailing service that will use the driverless... 
Google Partners With Retailers To Enhance Product Searches

Google Partners With Retailers To Enhance Product Searches

Online search giant Google is partnering with retailers such as Ulta Beauty, Costco Wholesale, Home Depot, Walmart and Target. The program will see the retailers list items on Google Search, Google Express and Google Assistant and... 
MasterCard And IBM Team Up With Truata To Create ‘Data Trust’ In Europe

MasterCard And IBM Team Up With Truata To Create ‘Data Trust’ In Europe

MasterCard and IBM are teaming up with Truata to develop one of the Europe’s first holistic ‘data trusts’ to help the businesses meet the strict EU requirements on how corporate firms should keep personal information. Data trusts... 
Singapore Named Top World’s Most Expensive City

Singapore Named Top World’s Most Expensive City

According to the latest study on Worldwide Cost of Living conducted by the Economist Intelligence Unit (EIU), Singapore has been dubbed the world’s most expensive city for the fifth year running, while Zurich and Paris tied in the... 
Verizon Wireless To Close Down Seven Call Centers In The US

Verizon Wireless To Close Down Seven Call Centers In The US

Verizon Wireless a giant cellphone provider in the US announced recently that it’s planning to close about seven call centers in various States in the US. The affected areas include Huntsville, Little Rock, Arkansas; Franklin, Tennessee;... 
A Start-Up Slump Is a Drag on the Economy – Big Business May Be to Blame

A Start-Up Slump Is a Drag on the Economy – Big Business May Be to Blame

There is no doubt that there has been a decrease in the number of start-ups being created in the US in recent years. In 2006, 558,000 businesses were created; this number had dropped to 414,000 by 2015. Part of the reason for the slump... 
Amazon And Other Tech Giants Working On Drone Air Traffic Control System

Amazon And Other Tech Giants Working On Drone Air Traffic Control System

Tech giants Google and Amazon are pursuing plans aimed at developing private drone air traffic-control network. This will be for low-level altitudes with the main use of the drones being to make deliveries. The drone air traffic control... 
Chevron In Discussions To Dispose Of Interest In Canadian Natural Gas Project

Chevron In Discussions To Dispose Of Interest In Canadian Natural Gas Project

Reports indicate that oil major Chevron could dispose of a minority stake it holds in an LNG project in Canada. Firms that could possibly acquire the stake in Kitimat LNG include Petronas. Last year Petronas opted out of a $36 billion... 
Alibaba-Owned Ant Financial Invests $150 Million In Indian Startup

Alibaba-Owned Ant Financial Invests $150 Million In Indian Startup

Ant Financial, the payment services provider owned by Chinese online retail giant Alibaba, has indicated that it will invest approximately $150 million in Indian firm, Zomato. This places the value of Zomato, a food delivery firm,... 
Microsoft Inks Renewable Energy Deal In Singapore

Microsoft Inks Renewable Energy Deal In Singapore

Software giant Microsoft has disclosed a deal which will see the tech firm acquire all the electricity generated from renewable energy sources by Sunseap, a Singaporean solar company. Sunseap is planning a rooftop solar project that... 
Shell’s Louisiana Refining Facility To Be Shuttered For Overhaul

Shell’s Louisiana Refining Facility To Be Shuttered For Overhaul

Oil major Royal Dutch Shell has indicated that its refinery located in Convent, Louisiana and which produces more than 200,000 barrels per day will be shut down to allow for an overhaul of the facility. According to sources an alkylation... 
Boeing Collaborates With Cockpit Innovation In A Bid To Scale Up Its Business Operations

Boeing Collaborates With Cockpit Innovation In A Bid To Scale Up Its Business Operations

The stock of Boeing closed at $ 352.37 losing 0.28% in yesterday’s trading session. It was on Wednesday when Cockpit Innovation announced that it had entered a strategic business alliance with Boeing Co. And if all goes according... 
Oracle Corporation Unveils A Marketing Program To Advocate For Better Use Of Digital Data

Oracle Corporation Unveils A Marketing Program To Advocate For Better Use Of Digital Data

The stock of Oracle Corporation closed at $49.43 losing 0.92% in yesterday’s trading session. Some nine top Retail Automotive Marketing Agencies have expressed their uttermost excitement after they managed to receive the Auto Elite... 
ExxonMobil Now Owns A 2.5% Interest In BTC Pipeline Company

ExxonMobil Now Owns A 2.5% Interest In BTC Pipeline Company

U.S. oil giant ExxonMobil has purchased from a 2.5% interest in the BTC (Azeri Baku-Tbilisi-Ceyhan) pipeline. The stake was acquired from an Itochu subsidiary, CIECO, according to an executive of the oil major. Other shareholders in... 
Alibaba Acquires Stake In Offline Retailer Easyhome For $865 Million

Alibaba Acquires Stake In Offline Retailer Easyhome For $865 Million

Chinese online retail giant Alibaba has indicated that it will acquire a 15% stake in home improvement chain Easyhome for a price of approximately 5.45 billion yuan or around $865 million. Alibaba has embarked on a strategy of leveraging... 
Amazon Might Be Venturing Into The Courier Business

Amazon Might Be Venturing Into The Courier Business

Reports indicate that online retail giant Amazon is planning to unveil a delivery service which will ship packages from businesses to consumers. According to sources the service will be known as ‘Shipping With Amazon’. Per The... 
General Motors Position In North America Improves As Toyota Decelerates

General Motors Position In North America Improves As Toyota Decelerates

Toyota’s fortunes in North America are taking a hit while those of General Motors are looking up. While General Motors reported $2.9 billion in operating profit in the fourth quarter in North America, Toyota saw its operating profit... 
Parmalat’s Civil Claim Of $2.2 Billion Against Citigroup Thrown Out

Parmalat’s Civil Claim Of $2.2 Billion Against Citigroup Thrown Out

Citigroup has announced that a court in Italy has rejected a civil claim of $2.2 billion that had been filed by food company Parmalat following the firm’s collapse 15 years ago. Per a statement issued by Citigroup the court in Milan... 
Alphabet Forms A New Unit Dedicated To Cybersecurity

Alphabet Forms A New Unit Dedicated To Cybersecurity

A new subsidiary focusing on cybersecurity was recently established by Alphabet, Google’s parent company. The subsidiary will be known as Chronicle and will be charged with the responsibility of leveraging the machine learning technologies... 
HSBC Saudi Arabia Picks Arcapita As Advisor For Logistics Fund

HSBC Saudi Arabia Picks Arcapita As Advisor For Logistics Fund

Arcapita has been picked to advise HSBC Saudi Arabia for an investment fund worth $150 million targeting Saudi Arabia and United Arab Emirate’s warehouse and logistics assets. The responsibility of Bahrain-based Arcapita will include... 
Johnson & Johnson Quits Race To Acquire Pfizer’s Consumer Products Business

Johnson & Johnson Quits Race To Acquire Pfizer’s Consumer Products Business

Reports indicate that consumer goods giant Johnson & Johnson is no longer in the running to acquire the consumer health business of Pfizer. This now leaves Reckitt Benckiser and GlaxoSmithKline among those still gunning to acquire... 
Keurig Green Mountain Acquires Dr Pepper Snapple

Keurig Green Mountain Acquires Dr Pepper Snapple

A deal worth over $21 billion has been struck by Keurig Green Mountain and Dr Pepper Snapple Group to create a drinks firm with well-known brands such as Sunkist, Snapple, 7UP and Green Mountain Coffee. This is the latest deal by JAB... 
Verizon Telematics Expands European Footprint By Acquiring Movildata Internacional

Verizon Telematics Expands European Footprint By Acquiring Movildata Internacional

A subsidiary of telecommunications giant Verizon, Verizon Telematics, has disclosed that it has acquired Spain’s Movildata Internacional. Movildata focuses on offering fleet management solutions while Verizon Telematics also offers... 
Johnson & Johnson’s Remicade Patent Declared Invalid By Appeals Court

Johnson & Johnson’s Remicade Patent Declared Invalid By Appeals Court

An appeals court in the United States has ruled that the patent that Johnson & Johnson holds for Remicade, a top-selling treatment for arthritis, is invalid. According to the appeals court the antibodies that were covered by the... 
Toyota Overtaken By Volkswagen As The World’s Biggest Car Maker

Toyota Overtaken By Volkswagen As The World’s Biggest Car Maker

German carmaker Volkswagen AG has reported that it sold 10.74 million cars in 2017 and this was an improvement of 4.3% from the previous year. With Toyota estimated to have sold 10.35 million vehicles last year, the German auto giant... 
Lyfebulb And UnitedHealth Group Form Partnership To Spur An IBD Solution

Lyfebulb And UnitedHealth Group Form Partnership To Spur An IBD Solution

UnitedHealth Group and Lyfebulb are partnering with a view to unveiling an innovation challenge aimed at the treatment of inflammatory bowel disease (IBD). Per the CDC (Centers of Disease Control and Prevention) about 1,300,000 people... 
Amicus Brief Filed AsDoJ Reviews Microsoft’s Email Case

Amicus Brief Filed AsDoJ Reviews Microsoft’s Email Case

An amicus brief has been filed in a case between Microsoft and the U.S. Justice Department over a matter concerning privacy of e-communications with regards to a 2013 drug case. In a drug investigation federal agents obtained a warrant... 
Amazon Acquires Land To Build An Air Cargo Hub

Amazon Acquires Land To Build An Air Cargo Hub

Reports indicate that Amazon has acquired land measuring approximately 210 acres for an air cargo hub that the online retail giant is putting up at Cincinnati-Northern Kentucky International Airport. The Seattle, Washington-based e-commerce... 
AT&T’s Smart Cities Solution To Include Monitoring Of U.S. Infrastructure

AT&T’s Smart Cities Solution To Include Monitoring Of U.S. Infrastructure

Telecommunications giant AT&T has disclosed that it is currently undertaking tests of a new monitoring solution for structures aimed at improving the safety of infrastructure in the United States. This will include railways and... 
Alibaba To Consider Listing In Hong Kong Following Proposed Rule Changes

Alibaba To Consider Listing In Hong Kong Following Proposed Rule Changes

The co-founder of Alibaba, Jack Ma, has said that he is seriously considering listing the Chinese online retail giant in Hong Kong. Currently the city state is preparing regulations which will allow the public listing of firms with... 
Shell Acquires Energy Supply Startup In The United Kingdom

Shell Acquires Energy Supply Startup In The United Kingdom

Royal Dutch Shell will acquire First Utility, a broadband provider and supplier of household energy in Britain. This is expected to increase competition among the six largest energy suppliers in the country. Shell did not disclose... 
ExxonMobil And BHP Billiton To End Joint Marketing Venture

ExxonMobil And BHP Billiton To End Joint Marketing Venture

BHP Billiton have inked an agreement to end an Australian marketing joint venture which has been running for close to five decades. Consequently beginning in 2019 the two firms will commence separate marketing of the gas produced from... 
Four Investment Banks By BHP As It Eyes U.S. Shale Exit

Four Investment Banks By BHP As It Eyes U.S. Shale Exit

Reports indicate that the largest mining company in the world, BHP, has asked for the help of four investment banks in preparing for either a spin-off or a sale of its gas and shale oil unit in the United States which is underperforming.... 
American Express And JPMorgan Ink Co-Brand Card Deal With Marriott

American Express And JPMorgan Ink Co-Brand Card Deal With Marriott

American Express and JPMorgan Chase have inked a deal with Marriott International for the issuance of co-branded credit cards. The deal will cover the loyalty programs of the largest hotel chain in the world. JPMorgan will offer credit... 
Exxon Mobil Considering Investing In Egypt’s Offshore Oil Production Sector

Exxon Mobil Considering Investing In Egypt’s Offshore Oil Production Sector

Reports indicate that Exxon Mobil is considering investing in the offshore gas and oil sector of Egypt following the success that the energy giant’s rivals have recorded in the North African country. Tarek El Molla, the Egyptian... 
Toyota To Build A Renewable Energy Generation Plant In The United States

Toyota To Build A Renewable Energy Generation Plant In The United States

Japanese automaker Toyota has revealed that it will be putting up a facility in the United States aimed at generating renewable and hydrogen fuels. The facility will be located in Long Beach and agricultural waste will be used in generating... 
Strong Demand Sees Alibaba’s Bond Offering Highly Oversubscribed

Strong Demand Sees Alibaba’s Bond Offering Highly Oversubscribed

Bonds worth approximately $7 billion were sold by Alibaba on Wednesday in what was a highly oversubscribed deal with investors ordering over six times the securities that were for sale. Alibaba’s bond offering eclipsed that of China... 
Exxon Mobil’s Hebron Oil Field To Begin Production

Exxon Mobil’s Hebron Oil Field To Begin Production

Exxon Mobil has revealed that production has started at its Hebron ahead of schedule. It is projected that the project has a capacity to produce approximately 150,000 oil barrels per day at its peak. The Hebron field was discovered... 
Time Warner’s Turner To Use The Cloud Computing Offerings Of Amazon Web Services

Time Warner’s Turner To Use The Cloud Computing Offerings Of Amazon Web Services

Amazon has revealed that the broadcast unit of Time Warner, Turner, has signed up for cloud computing services offered by Amazon Web Services. The deal will see Turner brands such as TNT, CNN as well as other cable channels move their... 
Royal Dutch Shell Inks Partnership With Biofuel Firm To Power London Buses

Royal Dutch Shell Inks Partnership With Biofuel Firm To Power London Buses

Biofuel firm Bio-Bean and oil giant Royal Dutch Shell have inked a partnership which will see the iconic double-decker London buses powered by biofuel generated from waste coffee grounds. A demonstration project which was initiated... 
Sales Of Genetic Testing Services On Amazon Growing Rapidly

Sales Of Genetic Testing Services On Amazon Growing Rapidly

Amazon is increasingly becoming a marketplace where consumers can order genetic tests with a view to finding out their heritage or if they are predisposed to suffering from particular rare genetic conditions. During the busy holiday... 
Analysis Shows Corporate Tax Rate In The U.S. Is Already At Or Near 20 Percent

Analysis Shows Corporate Tax Rate In The U.S. Is Already At Or Near 20 Percent

Both the U.S. Senate and House of Representatives are working on efforts aimed at delivering tax reforms which will see the corporate tax rate reduced to 20%. In his campaign for the presidency Donald Trump regularly claimed that the...