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In Tech Push, Deal for Stake in Infor Neared by Koch Investment: Reuters

A deal to acquire a significant minority stake in Infor Inc that will value the business software company at roughly $10 billion is nearing as the private investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is plans the takeover, reported Reuters quoting...

Twice in just over a year, American Apparel files for second bankruptcy

Weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday.   As the retailer struggles to overcome years of losses and rising...

Amid Increasing Privacy Concerns, EU Questions U.S. Over Yahoo Email Scanning

Following concerns that may have violated a new data transfer pact, a secret court order Yahoo used to scan thousands of customer emails for possible terrorism links is now under the scanner of the European Commission as the commission has asked the United States about the court order.   Due...

$500 Million Fee Refund Programme for Small Businesses Announced by RBS

As the Royal Bank of Scotland seeks to draw a line under one of its longest-running customer service battles that the bank has faced in recent times, to reimburse fees to customers who claim they were mistreated by its small business restructuring unit, it is setting up a £400 million ($497...

Amid Cash Crunch, Chinese Billionaire Cuts Salary to 15 Cents

In order to sustain a headlong rush into businesses from electric cars to smartphones, his technology empire is running out of cash, the billionaire chairman of China’s LeEco has admitted.   Company co-founder Jia Yueting pledged to move the company toward a more moderate phase of...

To Take on Apple and Samsung, the ‘Most Powerful Smartphone in the World’ Launched by Huawei

In what can be a source for the China-based company, Huawei, square up to market leaders Apple and Samsung, the company has launched the Mate 9, a high-spec, high-price smartphone.   Inviting comparison with Apple’s iPhone 7 Plus and the now discontinued Samsung Galaxy Note 7, the latest...

$30 Million Raised to Take on Intel by AI Chipmaker Graphcore

$30 million in investments has been raised to help it take on giants like Intel and Nvidia by a computer chip start-up designing hardware for artificial intelligence (AI) applications recently.   Aimed to be used in applications from driverless cars to cloud computing, the U.K.-based...

Voice on Pixel Phone is the New Approach that Google is Trying Out

Hammering out minute details of its first phone while sitting next to each other at the company's Mountain View, California headquarters, people working on hardware and the voice-activated Google Assistant for the Pixel phone started working together about six months ago.   Alphabet Inc's...

Toyota Charges up its Battery Options and Warms up to Lithium-ion Batteries

Giving Toyota Motor Corp the option to enter the growing all-electric car market, the Japanese automaker can now safely pack more power at no significant extra cost as engineers at the company say they have tamed volatile lithium-ion battery technology.   Toyota has largely held back...

U.S.’s Pentagon Spends Millions by EpiPen Price Hike: Reuters

U.S. government data provided to Reuters shows that as the U.S. Department of Defense covered more prescriptions for the lifesaving allergy shot at near retail prices, Mylan NV's price hikes on EpiPens have added millions to the agency’s spending since 2008.   Reuters reports that according...

Mobile, Video Ads Help Google Parent Alphabet Surge Profit

As Google parent Alphabet Inc showed it has honed its core business for the mobile era and is closing in on the next wave of computing, the search company bested analysts' estimates for third-quarter profit and revenue.   Marking the search giant's seventh straight quarter of double-digit...

Tech Firms Take on Economy-Class Flight Challenge

One of air travel's last undisrupted bastions - the economy-class cabin, is being taken on by some start-ups. There's been less attention to innovation at the rear of the plane, while first and business class travelers have long enjoyed comfort upgrades.   "We want to make travel memorable...
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