Biz/Tech
Western Digital in Advanced Talks to Acquire SanDisk, Continues Trend of Dealmaking in Semiconductor Industry
Energy Recovery Announces 15-Year License Agreement with Schlumberger, Provides Exclusive Rights to Energy's VorTeq Hydraulic Pumping System
Energy Recovery, Inc., the leader in pressure energy technology for industrial fluid flows, has announced in a press release that it has signed a 15-year deal Schlumberger Technology Corporation. The deal involves Schlumberger having exclusive rights to Energy Recovery’s VorTeq hydraulic pumping system.
Latest News
Alibaba Proposes to Acquire All Outstanding Shares of Youku Tudou, Expand Partnership of Both Companies
Alibaba Group announced in a press release that it has made a non-binding proposal to acquire all the outstanding shares of Youku Tudou, Inc., including all the American depository shares (ADS) that Alibaba doesn’t already own. The transaction would expand the existing partnership between Alibaba and Youku Tudou.
Uber Wins High Court Case, Declared Legal in London
Uber Technologies, Inc., an online private car-hailing service, won a rare legal victory in Europe as a London High Court decided in its favor, according to a report from The Wall Street Journal. The high court declared the ride-sharing app to be legal in London.
Boeing Announces EVA Airways Intent to Purchase 26 Widebody Airplanes, Gives 787-10 Dreamliner a Boost
Boeing announced in a press release that EVA Airways, a Taiwan airline company, is intending to purchase 24 787-10 Dreamliner airplanes and two additional 777-300ER jetliners, a value that totals $8 billion at current list prices. The announcement is a big boost to the airplane manufacturer’s 787-10 Dreamliner jets.
Apple Launches Restricted Stock Unit Program for Employees, Including Retail, to Retain Talent
Apple, Inc. has launched the Restricted Stock Unit (RSU) program, a program that is usually reserved for the top management and top-ranking employees of the company, to be available to all its employees, including retail, according to a report from 9to5Mac. The program being extended to all employees is usually Apple’s way of retaining employee talent for long periods of time.
Northrop Announces Organizational Changes, Appoints New COO
Northrop Grumman Corporation, a leading global security company, will be undergoing structural changes to better align the company’s businesses, according to a press release issued by Northrop Grumman. The company also announced that it will be appointing Gloria Flach as its new COO.
Uber Launches Delivery Service, Allows Businesses to Get Customers What They Want
Uber announced in a blog post the launching of UberRUSH, it's new delivery service that allows businesses in Chicago, New York, and San Francisco to provide delivery to its customers. Businesses in these areas just need to press a button in their Uber app to get customers what they want and when they want it.
Twitter Hires Omid Kordestani as Executive Chairman, Latest Step in Company's Turnaround Efforts
Twitter Inc. has just hired Omid Kordestani, an executive from Google Inc., to be their new executive chairman, according to a report from Reuters. The move is the latest step in the social media company’s latest turnaround effort under COE Jack Dorsey.
Paypal Announces Expansion of Free Return Service, Hopes to Increase Percentage of Online Holiday Sales
Paypal Holdings Inc., will be expanding its free return service called “Return Shipping On Us,” which is now available in the U.S., according to a report from Techcrunch. Paypal is expanding the service in hopes of increasing its percentage of online holiday sales.
Etihad Signs $700 Million Technology Service Agreement with IBM, Enhance Airline's Guest Experience, Develop Infrastructure, Security
Etihad Airways has signed a ten-year technology service agreement with IBM worth approximately $700 million, according to a press release issued by Etihad. The agreement will allow the airline to enhance its guest experience, develop infrastructure and security, and improve efficiency.
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