Switzerland is adding another factory for Nespresso, Europe's largest single-serve coffee brand. This is to manufacture capsules uniquely designed for the U.S. consumers where sales growth is bigger than its home continent according to Bloomberg.
United States
Is Jeb Bush really anti-Wall Street?
Jeb Bush in his latest speech and in his article in The Wall Street Journal (WSJ) came down heavily on 'Carried interest' of the corporate big shots while maintaining focus on tax structure. As part of the tax reform plan, his aim to using capital gains tax rate is also raising many eyebrows. Market analysts forecast that the move would pinch Wall Street's wallet significantly.
Ex-Hyundai CEO John Krafcik joins Google Self-Driving Car project as chief executive
Google named John Krafcik, a former Hyundai Motors CEO, as the new chief executive for its self-driving car. Krafcik will serve the company later this month. John Krafcik, a former CEO of Hyundai Motors will join Google as the chief executive to handle its self-driving car. Krafcik is currently the president of TrueCar, an eCommerce site for automobiles. He's also been a chief engineer of Ford.
Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B
Vista Equity Partner is nearing to close a deal to buy a Texas-based company, Solera Holdings for $55.85 per share in cash. The total valuation of the deal including Solera's net debt is said to be worth $6.5 billion. The purchase price represents a 13 percent premium to the company's stock value.
Mark Zuckerberg to host Facebook Townhall Q&A with Indian Prime Minister Narendra Modi
Facebook CEO Mark Zuckerberg invited India's Prime Minister Shri Narendra Modi for a Q&A session on Facebook HQ in California. The event will be held on September 27, 9:30 am PST.
Latest News
Apple's collaboration with various tech companies to penetrate the once Windows-dominated IT industry proves that Apple is truly a key player in this enterprise.
A partnership between Boeing Co. and Lockheed Martin Corp. known as United Launch Alliance (ULA) has sealed a deal with Jeff Bezo's space company, Blue Origin. The new partnership agreement took place as Aerojet Rocketdyne Holdings was reported to have made an offer to buy the joint venture company for a reported amount of $2 billion cash.
With an objective of boosting economic growth, Serbia has slashed interest rate for a consecutive second month. The inflation rate is below the government's target and GDP growth rate was also eased in 2014. The decision of Serbia, the biggest former Yugoslav republic, to slash interest rate for a consecutive second month surprised everyone as it unexpected one both the times.
Apple has recently launched the new phone with much cacophony with a built-in new camera and pressure-sensitive display. The only thing which is new to the eye is its very pink rose gold colour and tiny "S" on the back, as reported by the Independent news.
Periscope, the popular Twitter live-streaming app, updates its version with new features including landscape mode, private broadcast options and Facebook sharing.
Cabbie protesters interrupted Stephen Colbert's The Late Show interview with Uber CEO Travis Kalanick. The episode was cut short on Thursday. Drivers are accusing Kalanick of destroying their profession.
Next month, Iran is going to reduce prices for all its oil grades export to Asia, according to two people who knew the decision. There will be a reduction on the premium on its main light crude over the similar Saudi blend to the narrowest since the end of 2012 as reported by Bloomberg.
Single people who were never married have lesser Social Security filing option. But still, you have to understand what they are and which one fits your needs best, according to Forbes.
Qualcomm has revolutionized the drones and now aims to be the go-to chipmaker for this technology with its latest Snapdragon Flight. Drones may have its legal issues, but it has come a long way as a consumer technology. Drones are now convenient, easy to use, and look slicker. Now, Qualcomm plans to take it up a notch with their new Snapdragon Flight, which runs with the processor that power most prominent smartphones in the world.
