Ericsson and Cisco make a merger-like deal, but really isn't to face rapidly changing global market and earn up to $1 billion for each company by 2018. Fortune reported that European gear mobile communication manufacturer Ericsson and Silicon Valley Internet gear giant Cisco went into a partnership that is focused on future networks that will help manage the cross-selling for the companies' end-to-end portfolio.
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Alibaba shadowed Black Friday and Cyber Monday with $9.3 billion in the first 90 minutes
Many brands are emerging around the globe with prices almost touching the sky. It is a well-known fact that majority of the population goes for sales day to get hold of their favorite products primarily from their favorite brands. The trend of online shopping is immensely popular and if a sale is announced online for 24 hours, with 90% of the prominent brands participating, it will turn the day into a momentous shopping spree gala.
How Lenovo Rebranded and Modernize Its Image as Global Brand
Lenovo started at developing circuit board to process Chinese character in 1984. It now has become the most respectable name in PC market. Led by CEO Yan Yuanqing, Lenovo has launched to become a solid global brand.
Molson Coors to buy SABMiller's stake in Miller Coors
Denver-based Molson Coors Brewing Co is in advanced stage of buying rest of the stake of SABMiller in Miller Coors LLC for $12 billion. This buyout will make the way clearer for $106-billion merger of SABMiller Plc and Anheuser-Busch InBev NV.
Dollar rally is back on support of interest-swap rates
The US currency is surging again, but this time with support from the interest-rate market. The US dollar rally registered its strongest gain during the past six months against Euro as two-year dollar interest rate swaps shot over those in the shared-currency area.
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Chipotle Mexican Grill Inc. is preparing to reopen its 43 restaurants in Washington and Oregon which had closed following E. Coli food poisoning cases. Tech Times reported that health officials declared that the restaurant chain could reopen its restaurants as early as Wednesday, Nov. 11, after batch of tests revealed negative E. coli results of food samples.
Swiss watchmaker Tag Heuer has unveiled its first Android smartwatch called "Tag Heuer Connected". Tag Heuer Connected combines Swiss watch's classic Carrera design with the U.S. technology.
Social media is not just a communicating platform for local people but also for world-known celebrities and public figures who consistently post their thoughts over certain arguments. On Monday, White house launched a personal facebook account for Barack Obama to use in order to communicate his message over climate change through nontraditional channels, as reported by Reuters.
The US and Japan governments have made it clear that there wouldn't be re-opening a Pacific trade deal and further stated that any such attempt would further damage the whole pact.
The US Energy Information Administration (EIA) has lowered outlook for the US crude production in 2016. EIA has reduced the forecast for 2016 by one percent in the US oil production.
The GPU-centric company Nvidia announced a new developer module called Jetson TX1 with an emphasis on machine learning to equip boards, drones, robotics, and other devices. The piece of machine learning hardware is described to be the size of a credit card.
Hit by its emission-scandal, Volkswagen is lagging behind in the global automobile market, while auto sales are encouraging picking up mostly in the US. The German auto giant is facing adverse conditions in the automobile market globally after the emission norms scandal broke. The company is struggling to get back angry dealers to business mode to prevent further loss.
As the November 22 presidential election is fast approaching, the economic inflation of 35 percent a year is one of the major issues that the next president of Argentina will have to face.
The millennial generation, those in the 18 - 34 age range, have been slow to enter the home buying market. Sidelined by student loan debts, high unemployment, and tighter mortgage credit, millennials have a different outlook on home ownership as other generations have in the past.
