Biz/Tech
Apple Partnership with Hermes for Watch Gets Mixed Reviews
Tech giant Apple Corp. has partnered with French luxury brand maker Hermes to produce limited edition Apple Watches meant for the high-end market.
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Axalta to Build R&D Facility at The Navy Yard, Will Develop Next Genaration Coating Products
Axalta Coating Systems, a leading global supplier of liquid powder coatings, has announced that it will be building its new Global Innovation Center at The Navy Yard in Philadelphia, according to a press release issued by Axalta.
GE Seeks to Sell its Asset Management Arm, Looking for a Premier Investment Management Firm
General Electric Co. (GE) has announced that it is looking to sell its GE Asset Management, the company’s asset management arm, according to a press release issued by GE.
Boeing Plans to Speed Up Production of 767 Aircraft, Accommodate 50 Orders from FedEx
Boeing Co. is planning to increase the monthly production of its 767 aircraft to 2.5 planes a month in late 2017, according to a report from The Wall Street Journal.
XPO Logistics to Acquire Con-way for $3 Billion, Enhance XPO's Range of Supply Chain Solutions
XPO Logistics, Inc. has announced that it will be acquiring Con-way, Inc. for about $3 billion, including $290 million of net debt, according to a press release issued by XPO Logistics.
Dell to Invest $125 billion in China, Partners with Several Local Companies
Dell, Inc. will be investing $125 billion in China over the next five years, as the company continues to expand its business in the second largest economy in the world, according to a report from Bloomberg.
Sun Life to Buy Assurance Inc's Employee Benefits Business, Boosts U.S. Presence
Sun Life Financial, Inc. has announced that it will be acquiring the Employee Benefits business of Assurance, Inc. for a net investment of $975 million, according to the press release issued by Sun Life.
Facebook Introduces New Business Page, Closer to Becoming Online Shop
Facebook, Inc. has announced that it will be updating its Facebook Pages to cater more to mobile devices to help businesses build a mobile presence and communicate easily with customers, according to a news release from Facebook.
Aerojet to Make $2 Billion Bid for United Launch Alliance, Struggling to Remain the Premier Rocket Supplier of Pentagon
Aerojet Rocketdyne Holdings Inc. has submitted a $2 billion bid to acquire United Launch Alliance (ULA), a spacecraft launch service provider that is a joint venture of Lockheed Martin Corp. and Boeing Co., a source familiar with the matter told The Wall Street Journal.
Netflix Plans to Enter Singapore in Early 2016, Will Launch in Three More Asian Markets
Netflix, Inc. has announced that it will be expanding its Internet television network services to Singapore in early 2016, according to a press release issued by Netflix.
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