Archives
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ELECTRONICS 
August 13, 2016 Foxconn Finally Seals Sharp Takeover Deal for $3.5 Billion
Taiwan’s tech giant Hon Hai said Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a “historic” deal worth JPY 389 billion ($3.5 billion or roughly Rs. 23,222 crores). It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying […]
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COMPUTERS 
August 7, 2016 Apple Says It Has Over 1 Billion Active Devices Worldwide
Apple raised the specter of the end of a technological era after reporting Tuesday the slowest growth sales ever of its market-leading, life-changing iPhone and warning it expects worse to come. The California technology colossus said it expects to see its first decline in iPhone sales in the current quarter, when it will be compared […]
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COMPUTERS 
July 31, 2016 US Court Rules $24.9 Billion Dell Buyout Underpriced by 22 Percent
HIGHLIGHTS Dell buyout took advantage of a dip in the company’s stock price. The added cost to the buyers from Tuesday’s ruling is about $36 million. One of the biggest losers from the Dell case may be T Rowe Price. Michael Dell and Silver Lake Partners under priced their 2013 $24.9 billion buyout of Dell […]
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NEWS 
July 8, 2016 Oracle Ordered to Pay HP $3 Billion in Itanium Case
HIGHLIGHTS HP’s Itanium processor is made by Intel Inc. HP said it had an agreement with Oracle that support for Itanium would continue ‘It was a clear breach of contract’, said HP A California jury ordered Oracle Corp to pay Hewlett-Packard Enterprise Co $3 billion (roughly Rs. 20,235 crores) in damages in a case over […]
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ELECTRONICS 
June 29, 2016 Samsung Posts US $five.1 Billion earnings In Fourth zone 2015
Samsung Electronics posted 6.1 trillion won ($5.1 billion) in operating earnings for the fourth quarter of 2015. (file image) SEOUL: Samsung Electronics published 6.1 trillion received ($5.1 billion) in running profit for the fourthregion of 2015, regulatory filing showed nowadays. The fourth-sector running profit become down 17.forty six percent over the previous quarter howeverturned into […]
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NEWS 
June 24, 2016 Foxconn ultimately Seals Sharp Takeover Deal for $three.5 Billion
Taiwan’s tech massive Hon Hai said Wednesday it had in the end sealed a takeover of eastern electronics maker Sharp in a “historic” deal worth JPY 389 billion ($3.five billion or kind of Rs. 23,222 crores). it’s miles the primary foreign acquisition of a prime eastern electronics firm and is derived after weeks of delays, […]
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NEWS 
June 3, 2016 Apple Says It Has Over 1 Billion energetic gadgets global
Apple raised the specter of the stop of a technological era after reporting Tuesday the slowest growth salesever of its market–leading, life–converting iPhone and warning it expects worse to come. The California technology colossus said it expects to peer its first decline in iPhone sales within thecutting-edge zone, when it is going to be compared […]
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ELECTRONICS 
April 15, 2016 Taiwan Approves TSMC Plans for $3 Billion Plant in China
Taiwan on Wednesday approved a plan by its leading chipmaker to build a $3 billion (roughly Rs. 2,0458 crores) plant in China using state-of-the-art technology, after easing curbs on high-tech investment in the mainland. Taiwan Semiconductor Manufacturing Company (TSMC), which in revenue terms is also the world’s top microchip maker providing tailor-made services, plans to […]
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NEWS 
April 1, 2016 Berkshire reports record full-year profit of $24.08 billion
Warren Buffett, who is backing Democratic candidate Hillary Clinton, raised a political issue dear to Democrats in his widely-read letter by calling climate change a ‘major problem for the planet’. Photo: Bloomberg Warren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defence of an aggressive private equity partner […]
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NEWS 
April 1, 2016 Mitsui sees first loss since 1947 amid $2 billion writedown
Impairment charges on mining and energy projects from South America to Australia levied a heavy toll on the books of the Tokyo-based trading house. Photo: Reuters Tokyo: Mitsui & Co., Japan’s second biggest trading house, forecast its first net loss since it was founded in its modern form in 1947 due to impairment charges on […]
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NEWS 
April 1, 2016 The $2.6 billion buying binge that felled SunEdison
SunEdison is the only US-based developer inching toward bankruptcy protection. Photo: New York: Just nine months ago, SunEdison Inc. was Wall Street’s favourite clean-energy company. It sopped up every dollar it could come by to finance a breathtaking buying binge of wind and solar farms, and in the process became the world’s largest renewable-energy company. […]
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NEWS 
March 30, 2016 Japan’s NTT Data Agrees to Buy Dell’s IT Services Unit for $3 Billion
Japan’s NTT Data Corp said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business. The move will allow US computer maker Dell to trim some of the $43 billion in debt it is taking on to fund […]
