Biz/Tech
U.S. July Inflation Rises Modestly for Sixth Month, Rate Hike Still Likely
Pulled back by a steep decline in airfares despite rising costs of housing, U.S. inflation only rose modestly in July with another lower-than-projected rise in consumer prices likely this year .
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PC Release Date To 'Final Fantasy XV' Finally Coming Following Director Hajime Tabata's Statement?
PC Release Date To 'Final Fantasy XV' Finally Coming Following Director Hajime Tabata's Statement?
Rob Mee to Replace Paul Maritz as CEO of Pivotal, Maritz to Remain as Executive Chairman
Pivotal Software’s board of directors has appointed Rob Mee, who recently served as the company’s executive vice president of products and research development, to be the company’s new CEO, replacing Paul Maritz, according to a press release issued by the company.
Toshiba Increased Outsiders to be Part of Its Board, Aims to Bolster Governance
Toshiba Corporation has increased the number of outsiders to be part of its board of directors, giving them the majority of the company’s 11-member board, according to a report from The Wall Street Journal.
BB&T Corporation Acquires National Penn for $1.8 Billion, Improves to #4 in Market Deposit Share in Pennsylvania
BB&T Corporation has announced that it will acquire National Penn Bancshares, Inc. in a cash and stock transaction for approximately $1.8 billion, according to a press release issued by BB&T.
NBCUniversal Invests $200 Million in Buzzfeed to Continue Digital Media Push
A week after buying a $200 million stake in digital media producer Vox Media, NBCUniversal has again invested $200 million in Buzzfeed, another online media company, as the entertainment conglomerate expands online.
Tencent Invests $50 Million in Canadian Startup Kik
Chinese Internet giant Tencent Holdings Ltd. has invested $50 million in Canadian startup Kik Interactive Inc., putting the tech company's value at $1 billion.
LG Display to Focus on Investing on OLED in Next Gen Push, Looking for Edge Over Competitiors
LG Display Co., Ltd. has announced that they will be focusing their investment on organic light-emitting diode (OLED) displays to develop its next-generation screens, as the company looks to have an edge over its competitors, according to a report from Bloomberg.
Rambus to Sell Own Chip Brand, Introduces Server Memory Interface Chipset
Rambus, Inc. a licensing tech company, is planning to make its own brand of chipset that it will offer to the market, according to a press release issued by the company.
QVC Acquires Zulily, Strengthens Leadership Position in Experiential, Discovery Driven Shopping
Liberty Interactive Corporation, the owner of home shopping network QVC, has just announced that they have reached an agreement to acquire Zulily, Inc. for approximately $2.4 billion, or $18.75 per share in cash and stock, according to a press release issued by Liberty.
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