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Ride Sharing Of Smallsats New Business Strategy For Elion Musk’s SpaceX

Till now, the main source of revenues for billionaire entrepreneur Elon Musk’s space company SpaceX have been very large communications and military satellites. However the company is now shifting more towards focusing on carrying to space smaller and nimbler satellites.   According to the...

Tyson Foods Prepares For China Export Boost As It Hits Record High After Q3 Results

The shares of Tyson Foods Inc reached record highs following the company reporting better-than-expected for the latest quarter and reiterating its earlier forecast that it would make profit because of the spread of a fatal hog disease in China.   Tyson Chief Executive Noel White said that...

New Blockchain Network For Supply Management Launched By IBM And Others

A new blockchain is being launched by International Business Machines Corp (IBM). The tech giant aims to enhance output of its manual and cumbersome supply chain management, the company said while making announcement on Monday.   Supply chains are critical to any business and forms the...

Third Party Review Of Audio Recordings From Voice Assistants Stopped By Apple, Google

Mounting concerns over data privacy has forced both Apple Inc and Alphabet Inc’s Google to suspend globally of reviewing of recordings from users interacting with their voice assistants.   A program called “grading” has been suspended by Apple, the company said on Friday. This program is one...

UK Health Start-Up Babylon’s $550M Funding Round Led By Saudi Arabian Sovereign Fund

Saudi Arabia’s sovereign wealth fund led an investment round for the United Kingdom based health technology start-up Babylon which helped the company to raise $550 million.   After the completion of the fundraising round, the net worth of the company now is $2 billion, said the London based...

Amazon Negotiating For A Stock Purchase Of India's Reliance Retail: Reports

According to reports in the Indian media, negotiations to buy a stake in India's biggest brick-and-mortar retailer, Reliance Industries Limited, is being held by Amazon.com.   Reliance's consumer and private labels business could be benefited because of the massive online presence of Amazon....

Not Right Time To Go Public For Alt-Meat Firms, Says Impossible CEO

The United States based alternative meat company Impossible Foods is does not have any immediate plans to list itself publicly, said the company’s CEO Pat Brown in a television interview.   “Right now, I think it’s not the right time for us to go public the Exchange,” ” Brown said,  ...

Qualcomm Leaves Out Huawei Business From Outlook, Shares Fall

Following the United States based chip maker Qualcomm Inc. forecasting losing out on business with China’s Huawei Technologies Co. in the near future and after its reported non-settlement revenue missed the estimates of analysts at Wall Street, the shares of the company dropped in the extended...

Refinitiv To Be Acquired By Britain's LSE For $27 Bln

Financial information provider Refinitiv will be bought by Britain's London Stock Exchange for $27 billion with the aim of turning the company into a rival of Bloomberg. Refinitiv will offer trading across regions and currencies.   If the deal goes through the regulator and is approved by...

Alarm Over Facebook's 'Like' Button On Company Websites Sounded By Top EU Court

Consent from users have to be sought by website companies before they transfer data to Facebook’s servers in the United States  in case they make use of Facebook's "like" button in an embedded form on their websites, ruled the top court of the European Union.   The ruling is in line...

Weakness In Europe’s Short Haul Market Causes Drop In Lufthansa In Q2 Earnings

Increasing competition and slack demand in the European air travel industry has resulted in a drop in the earnings of Lufthansa in the second quarter. The airline also issued a warning for the entire airline industry which it said would face challenging times for the rest of 2019.   There...

Private Data Of Over 100 Million People In U.S. & Canada Hacked, Says Capital One

A host of personal information which included the names and addresses of about 100 million individuals in the United States and 6 million people in Canada were hacked and decamped with by a hacker, announced Capital One Financial Corp on Monday. Reports said that the alleged hacker has already been...
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