HITACHI LTD. TO BUY U.S GLOBALLOGIC INC. FOR $9.6 BILLION

Highlights –

• Hitachi Ltd. to buy U.S GlobalLogic Inc. for $9.6 billion.
• The acquisition is said to strengthen Hitachi’s digital operations in its wide range of business.
• Previously the deal was expected to close by end of July 2...

“I AM CONFIDENT THAT INDIAN PROFESSIONALS WILL CONTINUE TO BE WELCOMED IN US”: INDIAN AMBASSADOR

Highlights

• India’s Ambassador to the US Taranjit Singh Sandhu said India’s talent and strengths when combined with the US capital and expertise in IT and digital space has presented an ideal roadmap for the two economies

• Sandhu said “I am confid...

U.S. FACES A CENTURY OF STRATEGIC COMPETITION FROM ECONOMIES LIKE CHINA: SNAPCHAT CEO

Highlights

• Evan Spiegel said the US faces a century of strategic competition from economies that are growing at a rapid pace like China

• Spiegel launched this photo sharing app while studying at Stanford University and became one of the world’s youngest bill...

LG ELECTRONICS TO SET UP BUSINESS UNIT IN SILICON VALLEY ENVISIONING FUTURE GROWTH

• LG Electronics, a major MNC in South Korea manufacturing consumer goods said on Thursday that it will set up a new business unit in the United States to seek future growth visions.
• Addressed as LG's North American Innovation Center, it will touch base in Silicon Valley, in ...

APPLE ASKED TO PAY $503 MILLION FOR INFRINGING VPN TECHNOLOGY PATENTED BY VirnetX

Highlights

• According to the court documents, this legal tussle between Apple and VirnetX involved transmission security in the Apple devices such as iPhone, iPad and iPod Touch

• In reply to an AFP inquiry, Apple said that they thank jury for their time and appreci...

SMART WORK: NOT A FAR-FETCHED REALITY ANYMORE

• With COVID-19 firmly rooting itself in the world precincts, there had come a time to test the ‘smart work’ ideology to the hilt.
• Thus it needs to be said that COVID-19 has changed the workplace landscape in South Korea with work from home becoming a reality.
<...

HOW EMPTY TECH OFFICES SHUTTERED TO FLATTEN THE CURVE

• Long before the U.S. President Trump exercised a stay-home option to counter the COVID-19 virus, many tech companies including APPLE, Inc., Salesforce, Inc., and many other companies had closed shop.
• Small companies which don’t get written about or mentioned in tabloids o...

The largest food bank, Second Harvest Food Bank, announcing its rebranding.

The current trend of food banks is focused on the efforts of the former businessman John Van Hengel, who started to work at a soup kitchen in Phoenix, Arizona, in the late 1960s. There was a mistake. In 1976, John van Hengel's Food Bank received a grant from the Federal Government to help est...

Tesla started delivering Model 3 electric cars installed in its Shanghai factory in just under a year

Tesla has started delivering Model 3 electric cars installed in its Shanghai factory in just under a year since it started working on the $2 billion plant, a milestone for China's global automakers, and said it would ramp up deliveries next month.

The U.S. electric vehicle company m...

Currency risks? US corporates yawn

Excessive currency movements can inject lightness in incomes for multinational firms.

Muted gyrations in foreign trade markets have turned corporations contented about hedging currency risks, and as the third-quarter profits season gets underway, investors should brace ...