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Analysts Say Services Revenue And China Revival To Boost Apple In Third Quarter

According to an analysis from Evercore ISI, there would be an increase in the revenues generated by Apple from its services business in the third quarter – driven by revenues from app store developer and regaining of growth in China – which are both critical area for the future growth of the iPhone...

Public Listing Plans For Richard Branson's Virgin Galactic

Virgin Galactic – the space-tourism company of British billionaire Richard Branson is planning to get itself listed at a stock exchange, said the company on Tuesday.    The listing, which is scheduled to take place in the second half of 2019,  would be a part of a merger deal that...

VW To Give Confidence To Electric Vehicle Battery Suppliers Through Joint Ventures And Financing

Germany’s Volkswagen Group wants to get the support of battery suppliers for its aggressive plans for mass production of electric vehicles and would be willing to develop joint ventures and make investments in battery production to gain the confidence of battery suppliers   “VW will buy 50...

Record Fine Of $230 Million Fine Over Data Theft Proposed Against British Airways

A record fine of $230 million is staring at the face of the British Airways-owner IAG over the cyber theft of data from 500,000 customers which had been kept on the company website last year. The incident was judged according to the regulations of the new data-protection rules in the United Kingdom...

Asda IPO Possible In 2/3 Years, Says Company Chief

The British supermarket group Asda, which is currently owned by the US retailing giant Walmart, could be put up for public listing in about two or three years, said the chief of Asda.    Asda was attempted to be taken over by its rival Sainsbury’s in a proposed deal with 7.3 billion...

Privacy Would Be Major Challenge For Google In The Health Care Segment, Shows A Lawsuit

A case filed against Google and the University of Chicago Medical Center accused the two of not being diligent enough to protect privacy of patients. The lawsuit claims that patients could be identified from data stored with the two defendants because they did not erase date stamps or doctor’s...

Mac Pro Production Being Moved To China From The US By Apple: Reports

A recent report published in The Wall Street Journal claimed that the production unit of its new Mac Pro computer is being moved to China by Apple. This decision effectively marks the manufacturing end to the only major product that the tech giant makes in the United States.   ...

ChemChina’s Acquisition Of Syngenta Was A ‘Mistake’, Says Chinese Ambassador

The acquisition of the seed and agrochemicals firm Syngenta by the Chinese firm ChemChina in a deal worth $34 billion was not a wise business decision, said Beijing’s ambassador to Switzerland. The ambassador added that if he had the chance or the opportunity and if he had been in Bern, he would...

$6 Billion Deal To Take Madame Tussauds Owner Private Led By Lego Family

Britain’s Merlin private – the owner of Madame Tussauds and Legoland, is to be taken over again by private equity firm and Lego’s founding family Blackstone in a deal worth $7.5 billion.   It could get a greater scope for “significant, long-term investment” as the Danish interlocking...

More Boeing 737 Max Flights Cancelled By Airlines; Some Crash Victims Refuse Settlement Of Litigation

While families of some of the deceased in the Ethiopian Airline crash told a court in Chicago that they were not willing to go in for a settlement of the litigation, United States based aircraft maker Boeing faced another blow as Southwest Airlines Co. announced that it would not schedule any of...

Massive Change To Be Implemented In Porsche In Its Sports Cars

In recent years, there has been very significant and very rapid development in a number of areas of the global auto industry which includes the likes of complete electrification of vehicles, the rise of self driving technologies and ride sharing projects.    Analysts and experts claim...

Bailout Investment For Japan Display Will Have $100 Million From Apple

Apple would be part of a bailout package of $100 million for the Japanese smartphone screen maker Japan Display Inc according to news reports with information from sources. The bail out deal is being headed by a Chinese investment firm. This development -= minus the participation of Apple, was...
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