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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... 
Royal Dutch Shell Completes Sale Of Woodside Stake

Royal Dutch Shell Completes Sale Of Woodside Stake

A decision has been made by Royal Dutch Shell to dispose of close to two thirds of the stake the oil giant still has in Woodside Petroleum, an Australian energy group, at a price of $1.7 billion. According to a statement that was released... 
Minority Entrepreneurs In Chicago To Benefit From JPMorgan’s Philanthropy

Minority Entrepreneurs In Chicago To Benefit From JPMorgan’s Philanthropy

U.S. lender JPMorgan Chase intends to invest over two million US dollars in a program which offers grants to non-profit organizations in Chicago, Illinois. The grants constitute a $40 million commitment that the bank made with a view... 
Payment Wearables For The PyeongChang Olympic Winter Games Introduced By Visa

Payment Wearables For The PyeongChang Olympic Winter Games Introduced By Visa

Visa, the Paralympic and Olympic’s payment technology partner, has unveiled wearable payment devices that are commercially available as the PyeongChang Olympic Winter Games approach. Some of the devices include gloves that are NFC-enabled... 
Oracle Supportive Of Tax Reform Plans By The U.S. Government

Oracle Supportive Of Tax Reform Plans By The U.S. Government

The co-chief executive officer of Oracle, Mark Hurd, has pledged to support tax reforms which would allow the enterprise software maker to repatriate cash reserves held overseas back to the United States. Currently the U.S. government... 
Waymo Encounters Unfavorable Rulings In Court Battle With Uber

Waymo Encounters Unfavorable Rulings In Court Battle With Uber

Waymo faced a new setback in its legal fight with Uber following a set of unfavorable rulings before the trial is scheduled to start next month. This is after a judge of the federal court rejected a major trade-secret theft claim indicating... 
Unilab Implements NetSuite OneWorld To Modernize Its Operations

Unilab Implements NetSuite OneWorld To Modernize Its Operations

According to Oracle NetSuite OneWorld has been implemented by Philippines’ biggest pharmaceutical company, Unilab. This is in a bid to assist in powering its distributors since they have been set up as distinct business partners. Initially... 
Apple Is Developing Mobile Devices That Don’t Use Qualcomm Chips

Apple Is Developing Mobile Devices That Don’t Use Qualcomm Chips

Reports indicate that Apple is developing iPads and iPhones slated for release next year which are not using components from Qualcomm. Currently the two tech firms are locked in a courtroom battle. Instead of using modem chips made... 
Connected Car Technology Trials To Begin In San Diego

Connected Car Technology Trials To Begin In San Diego

Qualcomm, Nokia, AT&T and Ford have formed a partnership aimed at starting road tests for connect car technology in the United States. The tests will begin in San Diego, California, on public roads that have been specifically designated... 
Amazon Mexico Introduces Cash Payments In Mexico

Amazon Mexico Introduces Cash Payments In Mexico

Online retail giant Amazon has unveiled a service in Mexico where shoppers are able to pay in cash. Shoppers in the North American country tend to avoid credit cards owing to fear of fraud. Additionally most of them are paid in cash... 
Oracle Hospitality In Bid To Improve Speed And Reliability At Event Venues

Oracle Hospitality In Bid To Improve Speed And Reliability At Event Venues

Oracle Hospitality is offering mobile POS that are rugged and accompanying software for the hospitality industry. This is assisting entertainment and sports venues including theme parks and stadiums to increase the speed at which they... 
Apple Acquires New Zealand’s Wireless Charging Firm PowerbyProxi

Apple Acquires New Zealand’s Wireless Charging Firm PowerbyProxi

A wireless charging firm known as PowerbyProxi has been acquired by Apple. The firm which is based in New Zealand was started ten years ago by Fady Mishriki. As a University of Auckland’s spin-out venture, PowerbyProxi specializes... 
Payments Firm WePay Acquired By JPMorgan Chase

Payments Firm WePay Acquired By JPMorgan Chase

Reports indicate that banking giant JPMorgan Chase has agreed to acquire WePay, a payments startup. This marks the first time that the bank is making a major acquisition in the financial technology sector. According to JPMorgan Chase... 
Walmart On Path To Earnings Growth As Turnaround Strategy Takes Shape

Walmart On Path To Earnings Growth As Turnaround Strategy Takes Shape

Walmart’s turnaround strategy seems to be working as evidenced by the annual guidance the retail giant gave out during an investor day conference last week. At the event Walmart indicated that the adjusted earnings per share would... 
ExxonMobil To Expand Its R&D Facility In New Jersey

ExxonMobil To Expand Its R&D Facility In New Jersey

Oil major ExxonMobil has disclosed that it is expanding its research and development facility located in Clinton, New Jersey. The expansion of the center which currently undertakes research in carbon capture technologies and algae... 
Chevron Begins LNG Production At Its Australian Wheatstone Project

Chevron Begins LNG Production At Its Australian Wheatstone Project

Chevron Corporation has started production of natural gas in Western Australia at its Wheatstone project. The first cargo is expected to leave the harbor in the next couple of weeks. In the Wheatstone project, the chief operator is... 
US Army Awards Contract To AT&T

US Army Awards Contract To AT&T

The U.S. Army has awarded a contract of unifying and modernizing its communication capabilities for close to one million users located all over the globe to AT&T. According to the telecommunications giant the services it will offer... 
Walmart Acquires Delivery Startup As It Eyes Same-Delivery In NYC

Walmart Acquires Delivery Startup As It Eyes Same-Delivery In NYC

Walmart has acquired a delivery startup based in New York City, Parcel, as it prepares to begin providing same-day delivery services to residents of the city. The Brooklyn-based startup handles same-day and scheduled delivery services... 
GE Power’s Monitoring And Diagnostics Center In Efforts To Increase Power Reliability

GE Power’s Monitoring And Diagnostics Center In Efforts To Increase Power Reliability

GE Digital has announced that the Atlanta, Georgia-based Monitoring & Diagnostics Center of GE Power will adopt the unit’s Asset Performance Management software that is based on Predix in order to offer the advantages of Industrial... 
Facebook Inks Games-Highlights Deal With The National Football League

Facebook Inks Games-Highlights Deal With The National Football League

Facebook and the National Football League have signed an agreement spanning several years which will see game highlights posted on the social media platform throughout the season. Under the deal highlights from all the regular season... 
Google In A $1.1 Billion Part-Acquisition Deal With HTC

Google In A $1.1 Billion Part-Acquisition Deal With HTC

Google has acquired a part of hardware manufacturer HTC at a price of $1.1 billion as the tech giant ramps up efforts to build speakers, smartphones and other devices. The cash deal will see HTC’s engineering team, which was responsible... 
Amazon Plans To Open A Fulfilment Center In Greater Cincinnati

Amazon Plans To Open A Fulfilment Center In Greater Cincinnati

Online retail giant Amazon has disclosed that it is putting up a new fulfilment center consisting of one million square feet of space in Monroe, Ohio. IDI Gazeley has been picked to develop the facility that will serve as a center... 
Alibaba Constructing A Mall In China In A Bid To Transform Physical Retail

Alibaba Constructing A Mall In China In A Bid To Transform Physical Retail

Reports indicate that Chinese online retail giant Alibaba is in the process of developing a high-tech physical mall as it expands its supermarket strategy known as Hema. According to the reports the mall will be built in Hangzhou where... 
Wells Fargo Reveals More Sham Accounts Were Opened

Wells Fargo Reveals More Sham Accounts Were Opened

Wells Fargo has revealed that another 1.4 million sham accounts had been opened at the bank. This is 67% more than had originally been estimated and now the total stands at 3.5 million sham accounts. The total was revised after a discovery... 
Antitrust Agency In Brazil Challenges Acquisition Of Time Warner By At&T

Antitrust Agency In Brazil Challenges Acquisition Of Time Warner By At&T

Cade, the antitrust watchdog of Brazil has said that AT&T’s bid to acquire Time Warner at a price of $85.4 billion may hinder competition. According to Cade officials, the acquisition should not be approved unless changes are... 
Amazon Turns To The Bonds Market To Fund Whole Foods Acquisition

Amazon Turns To The Bonds Market To Fund Whole Foods Acquisition

Unsecured bonds worth $16 billion have been sold by Amazon. Most of the proceeds from the bond sale will be used in funding the Whole Foods acquisition. This is the first time that Amazon is turning to the bonds market since 2014.... 
US Producer Prices Show Biggest Slide in 11 Months

US Producer Prices Show Biggest Slide in 11 Months

Consumer good wholesale prices in the United States slipped a little in July. While the minuscule decline is hardly notable, it is the first decline in 11 months. More importantly, though, the shift in the metric provides more evidence... 
Alibaba Launches A Luxury Portal Aimed At The Rich

Alibaba Launches A Luxury Portal Aimed At The Rich

Alibaba, the Chinese online retail giant, has revealed that it will start a portal on its Tmall marketplace dedicated to selling luxury items. The portal is expected to be launched before the year ends and it is believed to be an attempt... 
Bank Of America And Paypal Forge Partnership To Ease Purchases

Bank Of America And Paypal Forge Partnership To Ease Purchases

PayPal and Bank of America have announced a partnership which will allow customers of the lender to conduct transactions with PayPal both in retail outlets. The partnership will also allow PayPal users to link their accounts with cards... 
Discussions Between AT&T And DoJ Over Merger In Progress

Discussions Between AT&T And DoJ Over Merger In Progress

Reports indicate that antitrust officials of the United States have begun discussions with representatives from Time Warner and AT&T regarding the possible conditions that will need to be fulfilled in order for the $85.4 billion... 
Is Amazon Honest About Its Pricing Model?

Is Amazon Honest About Its Pricing Model?

The Federal Trade Commission is looking into allegations that e-commerce innovator Amazon has been a bit deceptive about its pricing practices. Consumer Watchdog analyzed 1,000 items listed and sold on Amazon. The advocacy reported... 
T-Mobile Posts Better Numbers Than Expected in Second Quarter

T-Mobile Posts Better Numbers Than Expected in Second Quarter

T-Mobile posted quarterly earnings above and beyond what Wall Street had expected. Apparently, mobile service customers flocked to the nation’s fourth-largest carrier in droves with new customers numbers reaching upwards of 1.33... 
Record Highs Hold Steady on Wall Street

Record Highs Hold Steady on Wall Street

US stocks opened with a positive outlook on Monday, changing very little from record highs as the market closed last week. Apparently, investors are shifting interest towards a busy earnings week from many of the biggest companies... 
CompareAsiaGroup Gets $50 Million From Alibaba And World Bank

CompareAsiaGroup Gets $50 Million From Alibaba And World Bank

CompareAsiaGroup, a startup based in Hong Kong which operates personal finance management online platforms in seven countries in Asia, has raised funds amounting to $50 million from investors who include the commercial lending arm... 
Toronto Hotel Pays Millions Of Dollars To Drop The Trump Brand Name

Toronto Hotel Pays Millions Of Dollars To Drop The Trump Brand Name

The Trump brand name will no longer be used on high-rise hotel located in Toronto, Canada following a deal that was reached between Trump Hotel and JCF Capital ULC, the owner of the project. In order to release the project owner from... 
Advertisers To Be Charged Millions By Amazon For NFL Ads

Advertisers To Be Charged Millions By Amazon For NFL Ads

Advertisers will be charged $2.8 million by Amazon for packages which will include spots running for half a minute during the NFL games which will be streamed on Thursday nights to customers of Amazon Prime. This was according to sources... 
Debate On Trump’s Proposal To Privatize Air-Traffic Control System Rages

Debate On Trump’s Proposal To Privatize Air-Traffic Control System Rages

The proposal by President Donald Trump to privatize air traffic control has left leaders in the sector and even in the political arena divided. Though it is not clear whether Trump’s proposal will be acted upon in Congress, the president... 
DARPA And Boeing To Partner In Developing Spaceplane Prototype

DARPA And Boeing To Partner In Developing Spaceplane Prototype

In a partnership with Boeing the Defense Advanced Research Projects Agency has committed to investing $146 million to develop an experimental spaceplane capable of delivering into orbit small satellites on a regular basis. These rocket... 
Alibaba Continues Steady Growth, Stabilized by E-Commerce

Alibaba Continues Steady Growth, Stabilized by E-Commerce

Chinese online retailer Alibaba has just reported a 56 percent increase in US revenue—nearly $23 billion—in the fiscal year 2017 (ending March 31). Fueled mostly by strong cloud computing growth and, of course, its core e-commerce... 
Rue21 Files For Chapter 11 And Starts Restructure Effort

Rue21 Files For Chapter 11 And Starts Restructure Effort

On Monday, teen fashion and accessories retailer Rue21 filed for Chapter 1 bankruptcy protection on the heels of budget-conscious customers migrating towards fast-fashion competitors and more flexible online sellers. Obviously, this... 
Allergan’s Earnings Top Analyst Estimates on Aesthetics Products

Allergan’s Earnings Top Analyst Estimates on Aesthetics Products

On Tuesday, drug maker Allergan reported better-than-expected first-quarter earnings results on the heels of stronger demand for aesthetic and eye care products. Specifically, Allergan reported that its adjusted income rose to $3.35... 
Study Says Facebook Biased Against Female Engineers

Study Says Facebook Biased Against Female Engineers

An internal study conducted at Facebook has revealed that the social media giant’s female engineers regularly encounter gender bias in their work leading to their code getting rejected at a higher rate than that of their male counterparts.... 
Fox And Blackstone Combine Forces To Acquire Tribune Media

Fox And Blackstone Combine Forces To Acquire Tribune Media

21st Century Fox is in discussions with the private equity firm Blackstone with a view to jointly acquiring Tribune Media. With a market value of $3.2 billion, Tribune Media possesses a couple of television stations in the United States.... 
McDonald’s And UberEats To Expand Food Delivery Service To More Cities

McDonald’s And UberEats To Expand Food Delivery Service To More Cities

McDonald’s is in plans to strengthen the partnership it has struck with Uber Technologies where the ride-hailing firm offers a delivery services to customers of the fast food retailer. This follows results which show that a delivery... 
Euro Zone Lending On the Rise, ECB Sentiment Up

Euro Zone Lending On the Rise, ECB Sentiment Up

The European Central Bank met this week, as always, but changes in tone could be detected throughout as officials assessed the current state of economic activity. Until today, the ECB had followed a philosophy which erred on the side... 
Genentech’s Tecentriq Receives Another Accelerated Regulatory Approval

Genentech’s Tecentriq Receives Another Accelerated Regulatory Approval

The United States Food and Drug Administration has just announced the accelerated approval of the new Genentech drug TECENTRIQ for the frontline treatment of locally advanced or metastatic urothelial carcinoma (mUC) who are not eligible... 
Toshiba’s Westinghouse Electric Arm Files for Bankruptcy

Toshiba’s Westinghouse Electric Arm Files for Bankruptcy

Westinghouse Electric Co was once commonly associated with America’s industrial strength but its recent wager on nuclear power may put that designation to rest. As the company sinks, the Japanese technology giant, Toshiba Corp... 
Best-Selling Gummy Bear Brand To Open Factory in Wisconsin

Best-Selling Gummy Bear Brand To Open Factory in Wisconsin

The iconic gummy bear popular in the United States is made by a German confectioner called Haribo. Yes, you can get gummy bears from other candy makers, but Haribo is typically the brand that comes to mind. And we know that Haribo... 
Amgen’s Cholesterol Drug Performs Well in Study But Still Does Not Meet Investor Expectations

Amgen’s Cholesterol Drug Performs Well in Study But Still Does Not Meet Investor Expectations

Amgen Inc has a $14,000 cholesterol drug that has been shown to cut the risk of both heart attack and stroke by more than 20 percent in patients who have heart disease. That initially sounds like a very good thing but apparently, the...