Biz/Tech
Shareholders of Aetna and Humana Approve Acquisition, Still Needs Approval of Federal Regulators
Amazon to Hire 100,000 Seasonal Employees, Deal with Increased Demand Over Holiday Period
SolarWinds to be Acquired by Silver Lake, Thoma Bravo for about $4.5 Billion, Sees Potential of SolarWinds
SolarWinds, a leading provider of powerful and affordable IT management software, announced in a press release that it will be acquired by Silver Lake Partners and Thoma Bravo, LLC, for approximately $4.5 billion in cash. The two companies, which will take SolarWinds private, see the potential for the company to extend and grow.
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Alibaba Lobbying Hard to Stay Off U.S. Blacklist, Following Renewed Suspected Counterfeits Sold on Shopping Platforms
Alibaba Group Holding Ltd. is pushing hard to stay off the U.S. Trade Representative’s blacklist, according to a report from Reuters. The Chinese e-commerce giant is facing renewed pressure this year due to suspected counterfeits being sold on its shopping platforms.
U.S. to Announce the Registration of Drones, Address Increasing Number of Unauthorized Drone Sightings
The U.S. government is planning to announce a new initiative that would require people who plan to buy a drone to register the device with the U.S Department of Transportation, according to a report from NBC News. The new initiative is the government’s response to the increased reports of unauthorized sightings of unmanned drones near airports and crowded public venues.
Steve Ballmer Reveals that He has a 4% Stake in Twitter, Boosts the Company's Stock Price
Steve Ballmer, the owner of the Los Angeles Clippers basketball team and the former CEO of Microsoft, revealed in a tweet that he has a four percent stake at Twitter, Inc. Forbes adds that the revelation of Ballmer has boosted Twitter’s stock by nearly five percent on Friday, October 16, 2015.
Alibaba Proposes to Acquire All Outstanding Shares of Youku Tudou, Expand Partnership of Both Companies
Alibaba Group announced in a press release that it has made a non-binding proposal to acquire all the outstanding shares of Youku Tudou, Inc., including all the American depository shares (ADS) that Alibaba doesn’t already own. The transaction would expand the existing partnership between Alibaba and Youku Tudou.
Uber Wins High Court Case, Declared Legal in London
Uber Technologies, Inc., an online private car-hailing service, won a rare legal victory in Europe as a London High Court decided in its favor, according to a report from The Wall Street Journal. The high court declared the ride-sharing app to be legal in London.
Boeing Announces EVA Airways Intent to Purchase 26 Widebody Airplanes, Gives 787-10 Dreamliner a Boost
Boeing announced in a press release that EVA Airways, a Taiwan airline company, is intending to purchase 24 787-10 Dreamliner airplanes and two additional 777-300ER jetliners, a value that totals $8 billion at current list prices. The announcement is a big boost to the airplane manufacturer’s 787-10 Dreamliner jets.
Apple Launches Restricted Stock Unit Program for Employees, Including Retail, to Retain Talent
Apple, Inc. has launched the Restricted Stock Unit (RSU) program, a program that is usually reserved for the top management and top-ranking employees of the company, to be available to all its employees, including retail, according to a report from 9to5Mac. The program being extended to all employees is usually Apple’s way of retaining employee talent for long periods of time.
Northrop Announces Organizational Changes, Appoints New COO
Northrop Grumman Corporation, a leading global security company, will be undergoing structural changes to better align the company’s businesses, according to a press release issued by Northrop Grumman. The company also announced that it will be appointing Gloria Flach as its new COO.
Uber Launches Delivery Service, Allows Businesses to Get Customers What They Want
Uber announced in a blog post the launching of UberRUSH, it's new delivery service that allows businesses in Chicago, New York, and San Francisco to provide delivery to its customers. Businesses in these areas just need to press a button in their Uber app to get customers what they want and when they want it.
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