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Altice to buy Cablevision for $17.7bn including debt

Global cable group Altice is acquiring New York-based Cablevision for $17.7bn including debt. This makes Altice as the fourth largest cable provider in the US. Cablevision's CEO James Dolan will hand over the control to a group of Europeans after the Altice deal. Altice will pay $34.90 a share in cash taking the valuation of Cablevision equity to $9.6bn.


Oracle's turn to cloud; Can it strike the balance cord?

American technology giant in global database industry Oracle Corporation is shifting its focus on cloud offerings. Of late the database major has been facing stiff competition from new technology companies which offer cost-effective solutions via the internet. The shift to cloud could affect Oracle's revenues coming from business fee from existing customers running Oracle software at their data centers, analyses technology experts.

US consumer prices drop, complicating Fed rate hike decision

A tame inflation complicates the Federal Reserve's decision whether to raise interest rates this week. Data show that despite many signs of economic improvement, the pace of growth of US consumer prices last month was well below the central bank's target.

American universities are the most innovative, but Asians are strong contenders

The recent survey from Reuters shows that U.S. universities are the home of the most innovative projects. Though Asian universities have been fairly competent with universities from Korea, Japan, Singapore, and China.


Latest News

Gisele Bundchen was recently hailed by Forbes as the highest-paid model this year. Joining her in the Forbes list for the first time is Kendall Jenner.
Apple launched Move to iOS, its first Android app that lets users ditch Android for iOS. However, Move to iOS is getting killed with one-star reviews by Android fans in Google Play Store.
Early next year, everyone may expect a big change in virtual reality world. HTC Vive, Oculus Rift, and Playstation VR are set to bring that change, so better watch out for it!
Singers Nick Jonas and Selena Gomez have been spotted together several times in the recent months. The two are now speculated to be dating again.
Players of “Destiny: The Taken King” pick up cues and instructions from online sources on how to get the Legendary Sword. Completing A Broken Will quest paves to the newest revered weapon.
Ariana Grande apologizes again for the donut-licking incident in a TV interview. She ackonwldeged her fault and shared the lesssons she learned.
Alphabet’s Life Sciences division focuses on Mental Health research with the director of National Institute of Mental Health. This is to discover better technology in the earlier detection, better prevention, and more effective management of mental health conditions.
Jessica Chastain just recently gushed over her "The Huntsman" co-star Chris Hemsworth. On the other hand, leaked set photos of the movie immersed over the Internet, unveiling the Australian hunk sporting an axe and a hunter suit.
American global conglomerate General Electric (GE) has floated a new unit 'GE Digital' to position itself a leader in Industrial Internet of Things. The newly created unit GE Digital will integrate GE software center, knowledge of its global IT teams and industrial security expertise of Wurldtech. Bill Ruh has been appointed as Chief Digital Officer to lead the GE Digital. GE Digital aims to be among global top-10 software companies by 2020.
iPad Pro offers 3D experience and multi-tasking capability. The new Apple tablet also provides accessories that can make things easier for users.
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