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Amazon calls 2016 holiday season its best ever; shares rise
(Reuters) – Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade. The Amazon Echo home assistant and its smaller version, Echo Dot, topped the best-sellers list, said Jeff Wilke, chief executive of Amazon's worldwide consumer division, in a press release.... [Read more]
Snapchat buying Israeli augmented reality start-up Cimagine: report
Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday. Cimagine developed True Marketless Augmented Reality – technology that allows users to virtually place furniture and appliances they wish to purchase in the space of their home, on... [Read more]
U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe
U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury in San Francisco on Tuesday, according to a subpoena dated Dec. 12, which was seen by Reuters. A Wells Fargo spokesman declined to comment. Go here to read the rest: U.S. Justice Dept. orders whistleblower to testify in Wells... [Read more]
Goldman names former DuPont CEO Kullman to board of directors
(Reuters) – Goldman Sachs Group Inc named former chair and chief executive officer of E.I. du Pont de Nemours and Co Ellen Kullman to its board of directors, according to a filing Here is the original: Goldman names former DuPont CEO Kullman to board of directors Read More →
Scotland says to unveil single market Brexit plan this week
Scotland will publish proposals this week for how it can remain in the European single market after Britain leaves the European Union in order to avoid the “national disaster” of a “hard Brexit”, the Scottish government said on Sunday. While the United Kingdom as a whole voted to leave the EU in the June 23 referendum, Scotland strongly backed remaining in the bloc. “In... [Read more]
Japan, Hitachi to stump up $8.5 billion for Horizon nuclear project in Wales: source
The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen ($8.5 billion) for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters. The funding plans are a boost for the project,... [Read more]
Yahoo says one billion accounts exposed in newly discovered security breach
Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. The number of … Original post: Yahoo says one billion accounts exposed in newly discovered security breach Read More →
Targeting U.S. automaker signals possible China retaliation over Trump talk
By Arshad Mohammed, Matt Spetalnick and Benjamin Kang Lim WASHINGTON/BEIJING (Reuters) – China's plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate … See the rest here: Targeting U.S. automaker signals possible China retaliation over Trump talk Read More →
Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval
Shareholders of U.S. seeds and agrochemicals company Monsanto Co approved the company's $66 billion acquisition by Bayer AG on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds … Read the original here: Monsanto shareholders back Bayer deal,... [Read more]
Exclusive: Lonza in talks to buy Capsugel for more than $5 billion – sources
Swiss pharmaceutical manufacturer Lonza Group AG is in advanced talks to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems, for more than $5 billion, according to people familiar with the matter. The deal would come as Lonza seeks to boost its life sciences Original post: Exclusive: Lonza in talks to buy Capsugel for more than $5 billion – sources Read More →