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Shares Rise As Sale Of Convenience Stores Is Explored By Kroger

As Kroger Co strengthens its online business in a market share war that has intensified since Amazon.com Inc’s purchase of Whole, the No. 1 U.S. supermarket operator said on Wednesday it is exploring the sale of its nearly 800 convenience stores.   Kroger shares was up 3.4 percent at $21.23...

$1.1 Billion Invested by Tencent, Softbank In Ola - Uber's Biggest Rival In India

Investors that include Chinese internet giant Tencent and Japan's SoftBank has helped Ola, Uber's fiercest rival in India, raise $1.1 billion in a recent round of funding for the Indian ride hailing company.   The requisite firepower to continue fighting Uber in one of the world's...

Huawei Has A Long Way To Go To Achieve Its Target To Overthrow Samsung And Apple In India

A senior executive of Huawei said this week that India is a major strategic market for Chinese smartphone maker.   The company has been able to make sizable investments and form key partnerships in the telecommunications sector in the near two-decade presence of the company in the country,...

As Domestic Sales Stagnate, Japanese Production To Be Cut By A Quarter By Honda

As Honda Motor Co shifts focus to electric cars (EVs) and other new technologies, it domestic capacity by around 24 percent and the Japanese car maker plans to end production at its Sayama plant in Japan by 2022.   In the face of fierce competition from carmakers and technology companies to...

Acquiring Share In 162 Megawatt Brazilian Facility, Oil And Gas Giant Moves Into Solar

The next aim of Statoil is to enter the global solar market.   A 40 percent share in the "construction ready," 162 megawatt (MW) Apodi solar asset in Brazil, is being acquired and an agreement has been signed to that effect, the Norwegian energy business announced recently.   Shares...

Discord Emerges Immediately After Signing Of Toshiba $18 Billion Sale Of Chip Unit

Overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting, Japan’s Toshiba Corp has already said that it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP.   But underscoring fears that the 8-member...

To Deploy Self-Driving Car, To Partner Each Other

By 2021, the ride services company - Lyft’s network, will have a large number of self-driving vehicles that would be manufactured by Ford Motor Co said as the auto-marker collaborates with the ride services company.   In order to allow Ford vehicles to communicate with Lyft’s smartphone...

Google Pays $1.1 Billion For HTC's Pixel Division, Bets Anew On Smartphones

In what is Alphabet Inc’s Google’s second major foray into phone hardware after an earlier costly failure, the company said that it would pay $1.1 billion for the division at Taiwan’s HTC Corp that develops the U.S. firm’s Pixel smartphones.   Roughly equivalent to one fifth of the Taiwanese...

Bain Capital-Led Group Chosen By Toshiba As Buyer Of Its Chip Unit For $18 Billion

In what is a key step in keeping the struggling Japanese conglomerate – Toshiba Corp, listed on the Tokyo exchange, the group agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP.   Toshiba agreed to sign a contract for the...

Following The Beijing Shutdown, The Swiss Also Shut Down 'Fake' E-Coin

In what is the latest clamp-down on the risks involving virtual money, Switzerland’s financial watchdog is investigating around a dozen other possible fraud cases after the agency closed down what it said was the provider of a fake cryptocurrency.   A few days ago, Chinese authorities had...

A Robo-Taxi And 12 Zero-Emission Vehicles To Be Launched By Renault-Nissan-Mitsubishi By 2022, Chief Says

Alliance 2022, the group's new six-year plan was announced on Friday by Carlos Ghosn chairman and chief executive of the Renault-Nissan-Mitsubishi Alliance.   While a robo-vehicle ride-hailing service is also in the works, 40 vehicles with varying levels of autonomy are planned to be...

In Bid To Regain Innovation Lead, Apple Launches $999 iPhone X

Described in the words of Apple Inc. Chief Executive Tim Cook called as “the biggest leap forward since the original iPhone”, the much-anticipated iPhone X with a glass and stainless steel device with an edge-to-edge display was rolled out by the iPhone maker.    Since the leaks about...
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