Posts From King World News
Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise technology powerhouse. The acquisition will help privately held Dell diversify from a stagnant personal-computer market and give it greater scale in the more profitable and faster-growing market for managing and storing data. Combining Dell’s server businesses
Facebook Inc wants its users to shop for clothes and other products from their mobile phones without ever leaving its app. In an effort to move further into e-commerce and compete with Amazon Inc’s retail offerings, Facebook announced Monday it is testing several ad features that allow users to shop directly through its app. Few users make purchases on mobile phones because it is slow and cumbersome, but Facebook hopes
“Some companies are struggling to find the money to buy the coverage they want,” said Tom Reagan, a cyber insurance executive with Marsh & McLennan Co’s Marsh broker unit. Retailers and health insurers have been especially hard hit by the squeeze after high-profile breaches at Home Depot Inc , Target Corp , Anthem Inc and Premera Blue Cross. Health insurers who suffered hacks are facing the most extreme increases, with
By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp delivered only three of 44 interceptors for the THAAD missile defense system in fiscal year 2015 due to a seven-month halt in production caused by computer issues, the U.S. Missile Defense Agency said. The interceptors for the Terminal High Altitude Area Defense program, which has an average budget of $800 million a year, are now expected to be delivered by September
(Reuters) – Symphony Communication Services, a messaging startup backed by Wall Street banks, said it had raised more than $100 million in a new round of funding from investors including Google, UBS Group AG and European venture capital firm Lakestar. Symphony’s chat service allows financial firms, corporate customers and individuals to put all of their digital communications on one centralized platform. The Wall Street Journal, citing sources familiar with the
A survey of business economists finds that a majority still expect the Federal Reserve to raise interest rates before the end of the year.
Tech start-up funding is going strong, but there’s a looming concern that it could be too strong — strong enough that it’s fueled the next tech bubble.
U.S. stocks are little changed in early trading Monday as traders look ahead to the start of corporate earnings season. The stock market is coming off its best week of the year. Drugmaker Eli Lilly dropped …
Volkswagen said Monday it is recalling 1,950 diesel vehicles in China to change engine software it has admitted cheats on emissions tests and Singapore suspended sales of the company’s diesel cars. The …
Princeton University’s Angus Deaton won the Nobel prize in economics Monday for work that’s helped redefine the way poverty is measured around the world, notably in India. Deaton, 69, won the 8 million …
