By Andrea Shalal WASHINGTON (Reuters) – Orbital ATK Inc beat out Aerojet Rocketdyne Holdings Inc to become the future sole supplier of solid rocket boosters for United Launch Alliance by offering better long-term pricing agreements, substantial cost reductions and more investment, ULA said Friday. Tory Bruno, chief executive officer of the 50-50 venture owned by Lockheed Martin Corp and Boeing Co, said the deal with Orbital, announced last week, was
(Reuters) – Discount broker Scottrade said on Friday that it was the victim of a cyber attack from late 2013 to early 2014 that compromised client names and addresses in a database with information on some 4.6 million customers. The firm said it learned about the attack from federal law enforcement officials who were investigating the theft of data from Scottrade and other financial services firms. News of the attack
Western Digital has bagged a $3.8 billion (around £2.5 billion, or AU$5.38 billion) investment from China’s Tsinghua University in what is the largest technology investment by a Chinese firm in the US. First reported by Bloomberg, the share purchase is just the latest in a number of deals carried out by Chinese firms to exert their global influence and its thought that it will give Western Digital the added might
Microsoft wants to foster even more social interaction within the workplace by adding ‘Likes’ and ‘@Mentions’ to its Outlook email service. As part of its continued push towards more collaboration in the office, Microsoft has added the new features to workplace email in Outlook to make it easier to highlight the best ideas in the world and point them out to colleagues. Liking a message is as easy as clicking
(Reuters) – Hewlett-Packard Co said its board had approved the previously announced split of the company into two separate listed entities – computers and printers, and corporate hardware and services. Hewlett-Packard said on Thursday that it expected its split into Hewlett Packard Enterprise Co and HP Inc to be completed on Nov. 1. A day later, Hewlett Packard Enterprise, comprising the corporate hardware and service business, will start trading on
(Reuters) – Apple Inc said on Thursday it appointed James Bell, Boeing Co’s former chief financial officer, to its board. Bell is on the board of several other companies, including JPMorgan Chase & Co and Dow Chemical Co . (Reporting by Kshitiz Goliya in Bengaluru; Editing by Savio D’Souza)
Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek a partner for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said on Thursday. As part of its overhaul, Toshiba has launched a new management team, which won approval from shareholders on Wednesday. Muromachi said that the restructuring steps may temporarily hurt the company’s capital
British tech entrepreneur Mike Lynch on Thursday said he would file a claim against Hewlett-Packard for $150 million in damages over allegations the U.S company made about his role in the acquisition of his software company Autonomy in 2011. Lynch’s action marks the latest twist in a long-running battle between the HP and Lynch that has led to multiple lawsuits over who is to blame for a disastrous deal that
SEOUL (Reuters) – South Korean consumer electronics maker LG Electronics Inc expects sales at its mobile division to improve starting from the fourth quarter as the firm launches new devices, a senior executive said on Thursday. Speaking at a launch event for the new V10 smartphone, LG mobile division chief Cho Juno told reporters the firm will use the high-end device as well as new mid-to-low tier products to boost
Following its first announcement and a roughly four-month beta test period, Google today announced that Android 6.0 Marshmallow will be widely available starting next week. Unsurprisingly, it will roll out to Google’s line of Nexus smartphones and tablets first, with other devices receiving it at a yet to be determined time. Android 6 does not have the huge visual makeover that last year’s 5.0 Lollipop brought, but instead is focused
