Biz/Tech
Dell to Invest $125 billion in China, Partners with Several Local Companies
Dell, Inc. will be investing $125 billion in China over the next five years, as the company continues to expand its business in the second largest economy in the world, according to a report from Bloomberg.
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Macy's to Test Consumer Electronics Department in Stores, Partners with Best Buy
Macy’s has announced that it will be testing licensed consumer electronics departments in 10 of Macy’s stores that will open in early November 2015, according to a press release issued by Macy’s.
Heineken Acquires 50% of Lagunitas, Builds Strong Foothold in Craft Brewering Category on Global Scale
Heineken N.V. has announced that it has acquired a 50 percent shareholding in Lagunitas Brewing Company, the fifth largest craft brewer in the U.S. by volume, according to a press release issued by Heineken.
United Airlines Names Oscar Munoz as CEO, Henry Meyer III as Chairman Following Jeff Smisek's Resignation
United Continental Holdings, Inc. has announced that Oscar Munoz will be the company’s new CEO and Henry L. Meyer III, the highest independent director in United, is appointed as the non-executive chairman of the board of directors, according to a press release issued by United Airlines.
Amazon Offers Restaurant Delivery Service to Prime Customers in Seattle, Mum About Expansion
Seattle Prime customers of online retailer Amazon.com Inc will now be able to order food from restaurants in the area using the company's app.
Uber's Rival Didi Kuaidi Raises $3 Billion as Ride Sharing War in China Continues
Chinese-ride sharing service Didi Kuaidi, which competes with Uber Technologies Inc., is set to raise $3 billion from investors lured by the promising company.
Concordia Healthcare to Buy Amdipharm Mercury for $3.5 Billion, Continues Acquisition Spree
Concordia Healthcare Corp. announced a deal to buy drugmaker Amdipharm Mercury Ltd. (AMCo) from a group of investors led by European private equity firm Cinven for $3.5 billion.
Amazon Looking to Expand Meal Delivery Service, to Hire New Staff for Company's Restaurant Division
Amazon.com, Inc. is looking to expand its meal delivery service by hiring new staff dedicated to restaurants in Seattle and New York, according to a report from Reuters.
Fiat Chrysler Voluntarily Recalls Close to 8,000 Jeep Renegades, Software in Touchscreen Radio Prone to Hacking
Fiat Chrysler Automobiles has voluntarily recalled close to 8,000 Jeep vehicles in the U.S. for an upgrade in its software that is prone to hacking, according to a report from The Wall Street Journal.
Boeing Sticking with its 747 Production Plans Despite Canceled Orders, Slumping Sales
Boeing Company has said that it will be sticking to its current plans in terms of the production of its 747 jumbo jets despite a canceled order and a drought in sales, according to a report from Reuters.
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