More than a year after Uber announced a research pact with Carnegie Mellon University – and then hired away four of the institution’s faculty and 36 researchers and technicians – the ride-hailing company and university have not collaborated on a single project, according to CMU faculty and administrators. Herman Herman, ... Read More »
Michigan’s government on Monday released goals to help the city of Flint recover from a health crisis caused by the lead contamination of its drinking water. The plan, involving several state agencies, is meant to address water infrastructure shortcomings and the health of children who have tested for high lead ... Read More »
In a tiny patch of tall trees and tangled undergrowth near the shores of Lake Victoria in Uganda, Zika-carrying mosquitoes buzz around local people who are unperturbed by the global health emergency that the virus has triggered. “Zika? That one I have never heard about – what kind of disease ... Read More »
The U.S. Supreme Court on Monday stepped into the high-profile patent fight between the world’s two fiercest smartphone rivals, Apple and Samsung, agreeing to hear Samsung’s appeal of what it contends were excessive penalties for copying the patented designs of the iPhone. Samsung Electronics Co Ltd (005930.KS) paid Apple Inc ... Read More »
Goldman Sachs Group Inc (GS.N) received permission on Monday to complete its $17 billion acquisition of GE Capital Bank’s U.S. online deposits. The deal, which was approved by the Federal Reserve, had been pending since August 2015. Goldman would control around $95 billion in deposits through its GS Bank unit ... Read More »
Singapore’s DBS Group Holdings (DBSM.SI) is seen leading the race to buy British bank Barclays’ (BARC.L) Hong Kong and Singapore private wealth units, valued at as much as $300 million, sources with knowledge of the situation said on Monday. The other bidder left in the race is rival Singaporean lender ... Read More »
Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months-long fight with the state’s attorney general over whether the games are illegal gambling. New York Attorney General Eric Schneiderman said the companies had agreed to immediately stop operating paid ... Read More »
U.S.-based IHS Inc (IHS.N) agreed to buy Markit Ltd (MRKT.O) to create a $13 billion London-based data and business research provider, in the latest example of a U.S. company moving its domicile overseas where corporate tax rates are lower. The companies said IHS shareholders will own about 57 percent of ... Read More »
Starwood Hotels and Resorts Worldwide Inc (HOT.N), owner of the Sheraton and Westin brands, accepted a higher $13.6 billion acquisition offer from peer Marriott International Inc (MAR.O), spurning a bid from China’s Anbang Insurance Group. The move dramatically raises the stakes in the bidding war since the deal with Marriott ... Read More »
Drugmaker Valeant Pharmaceuticals International Inc (VRX.TO)(VRX.N) said on Monday its chief executive officer is leaving and billionaire investor William Ackman would join the board as it tries to clean up accounting problems and save its business. The company, whose operations include prescription drugs, consumer products, and Bausch & Lomb eye ... Read More »
Apple Inc (AAPL.O) on Monday unveiled a smaller, cheaper iPhone aimed at new buyers, especially in emerging markets and possibly China, the world’s biggest buyer of smartphones, as the technology company looks to reverse a decline in worldwide sales of its most important product. The new device, called the iPhone ... Read More »
New Delhi: Intex has added a new affordable device to its Aqua series of smartphones – the Aqua Ace II – at a price of Rs 8,999. The phone comes with a 5-inch HD display and at its core is a Mediatek 1.3 GHz Quad Core processor coupled with 3 ... Read More »
