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Apple Partnership with Hermes for Watch Gets Mixed Reviews
Tech giant Apple Corp. has partnered with French luxury brand maker Hermes to produce limited edition Apple Watches meant for the high-end market.
PepsiCo Partners with SodaStream for Home Carbonation, Still on Lookout for More Partners
Beverage giant PepsiCo Inc will allow people to brew its Pepsi and Sierra Mist drinks at home through the soda machines of SodaStream International Ltd.
Automakers in U.S. Agree to Autobreaking Technology, NHTSA to Oversee Initiative
Several of the top automakers in the United States have agreed to common standards for automatic emergency braking technology to further improve safety of their vehicles.
Toyota Plans Launch of New Prius Amid Slowing Demand for Hybrids on Falling Gas Prices
Japanese carmaker Toyota Motor Corp intends to roll out towards the end of the year the latest model of its hybrid car Prius, even as demand for environment-friendly vehicles has declined due to falling fuel prices, Reuters reported.
Lockheed to Shed 500 Jobs in IT Unit to Stay Competitive
Aeronautics and defense firm Lockheed Martin Corp. plans to let go of 500 employees on its IT division by November as part of its efforts to improve its business.
Google Expands Grocery Delivery Service to U.S. Midwest, Will Include Fresh Goods in Two Cities
Google Inc. is expanding its grocery delivery business to include fresh good in two U.S. cities and the Midwest, to increase traffic to its websites, Bloomberg reported.
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.
Media General Acquires Meredith, Will Be Third Largest Local TV Owner in U.S.
Media General Inc. announced Tuesday that it will buy multimedia company Meredith Corp. for $2.4 billion in cash and stocks to become one of the largest local television owners in the United States.
Angry Bird Maker Stock Market Debut Uncertain as It Cuts 260 Jobs Amid Business Challenges
Mobile game maker Rovio may have a harder time executing its stock market debut as the company's struggles continue, as it warned of lower earnings and said it will reduce a third of its staff.
Ageas Sells Hong Kong Unit to JD Capital, Will Focus on SE Asia
Belgian insurer Ageas said on Sunday it will sell its Hong Kong business to China-based asset manager JD Capital for HK$10.7 billion ($1.4 billion), Reuters reported.
Volkswagen Ordered by Arbitrators to Sell Suzuki Shares as Soured Partnership Fails to Yield Joint Project
Arbitrators have ordered German carmaker Volkswagen AG to sell its 20 percent stake in Suzuki Motor Corp. worth 463 billion yen ($3.8 billion) as the two companies decided to break up a partnership due to irreconcilable disputes.
Berkshire Hathaway Buys $4.5 Billion Stake in Oil Refiner Phillips 66 Despite Slumping Crude Prces
Warren Buffet's Berkshire Hathaway Inc appears to be bullish in the prospects of the oil industry despite slumping crude prices, as it bought a more than a tenth of oil refiner Phillips 66, Reuters reported.
Consumer Spending Rose in July But Sentiment Slides IN August
Powered by improving wages and investments, U.S. consumers continued to spend in July despite the economic turmoil around the world.