Biz/Tech
Berkshire Hathaway Buys $4.5 Billion Stake in Oil Refiner Phillips 66 Despite Slumping Crude Prces
Volkswagen Ordered by Arbitrators to Sell Suzuki Shares as Soured Partnership Fails to Yield Joint Project
Arbitrators have ordered German carmaker Volkswagen AG to sell its 20 percent stake in Suzuki Motor Corp. worth 463 billion yen ($3.8 billion) as the two companies decided to break up a partnership due to irreconcilable disputes.
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Twitter Plans to Increase Diveristy in its Workforce, Will Boost Female Employees and Underrepresented Minorities
Twitter, Inc. is planning to increase diversity within its workforce by increasing its female workers and workers of underrepresented minorities, according to a blog post from Twitter’s website.
Apple and Boeing, Joins other Companies and Groups to Develop Wearable Tech for Department of Defense
Apple, Inc. and Boeing Company joins the FlexTech Alliance, a consortium of 162 companies, universities and other groups, in developing a wearable tech for the U.S. Department of Defense (DoD), according to a report from Reuters.
Nokia Agrees to Joint Venture with China's Huaxin, Following Nokia's Proposed Takeover of Alcatel-Lucent
Nokia Corporation and China Huaxin Post & Telecommunication Economy Development Center have signed a memorandum of understanding (MoU) to have a joint venture that will combine Nokia’s telecommunication and infrastructure business in China and China Xuaxin’s Alcatel-Lucent Shanghai Bell, according to a press release issued by Nokia.
PS4 Release Date To 'GTA 6' Not Happening Anytime Soon! 'The Notebook' Star Ryan Gosling Taking Over Franchise?
PS4 Release Date To 'GTA 6' Not Happening Anytime Soon! 'The Notebook' Star Ryan Gosling Taking Over Franchise?
BlackRock Buys FutureAdvisor, Believes Technology could Reshape Financial Advisory Market
BlackRock, Inc. has announced that it will be acquiring FutureAdvisor, a leading digital wealth management company, according to a press release issued by BlackRock.
Encana to Sell Haynesville Asset for $850 Million, Investments to be Reduced by $480 Million
Encana Corporation has announced that it will be selling its Haynesville natural gas asset, the asset owned by its subsidiary Encana Oil & Gas, Inc., for $850 million to GEP Haynesville LLC, a joint venture formed by GeoSouthern Haynesville LP and GSO Capital Partners LP, according to a press release issued by Encana.
Amazon to Launch Video Steaming Service in Japan, Following Netflix's Own Launch in Japan
Amazon.com, Inc. has announced that they will start offering their Prime Video to Amazon Prime members in Japan by September 2015, according to a press release issued by Amazon Japan.
10 Automakers Sued Over Keyless Ignitions Alleged Dangers
Already reeling from a massive recall for using deadly airbags, the automotive industry is facing another major safety issue with a lawsuit filed in the U.S. against 10 leading carmakers for keyless ignitions that allegedly concealed carbon monoxide poisoning and killed 13 people.
Intel Invests $60 Million in Chinese Drone Maker Yuneec, Sees Technology as a Game Changer
Intel Corp. invested $60 million in a drone company based in China as the chipmaker continues to bet that such devices will have commercial applications to offset the decline of the PC market.
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