Dennis Mutua

G4S Turns Down Takeover Bid From Allied Universal

Britain based security company G4S Plc. (LON: GFS) has turned down a takeover bid from its U.S based competitor Allied Universal Security Services. Bloomberg News was the first to report on the matter citing having secured the information from reliable sources. According to the post by Bloomberg, G4S rejected Allied Universal’s takeover bid due to […]

Waymo Halts Driving Operations in San Francisco During Election Period for Safety Reasons

Autonomous driving tech company Waymo temporarily halted driving operations in San Francisco areas for the period November 3 to November 4. The company said this suspension is for safety reasons during ongoing U.S Presidential elections. “Out of an abundance of caution and with the safety of our team in mind, we are temporarily suspending driving […]

JPMorgan Increases Its Stake in Chinese Securities Joint Venture to 71%

U.S based investment bank JPMorgan Chase & Co. (JPM) announced having acquired additional 20% stake in its Chinese securities joint venture bringing its total stake in the business entity at 71%. According to an exchange filing made on November 2, the bank will be purchasing the stake from its local partners. The filling shows JPMorgan […]

Walmart Abandons Plans of Using Robots for Inventory Tracking

U.S based operator of hypermarkets and retail corporation Walmart Inc. (WMT) has abandoned its earlier announced plans of using robots to track inventories in the company. This announcement means the world’s largest retailer will have to wait a bit longer to actualize its plans of using robots to track inventories. Walmart said it had ended […]

Amazon Withdraws From Black Friday ad Campaign in France

Leading e-commerce company Amazon Inc. (AMZN) has withdrawn from running ads for pre-Black Friday discounts in France. This comes moment after the French government said the campaign was relatively unfair to small retailers especially at a time when the pandemic has forced the European nation into a lockdown. French government argues that the lockdown has […]

Netflix Increases Monthly Charges for Its U.S Subscribers

Production and media service provider Netflix Inc. (NFLX) announced having raised monthly charges for its standard and premium subscribers based in the United States. The company has raised price of its standard subscription by $1 a month bringing it to $14 and the cost of its premium subscription by $2 per month amounting to $18 per […]

Airbus Expecting to Reach Cash Breakeven in Q4

Europe based aerospace and defense company Airbus SE (EPA: AIR) has announced that it’s looking forward to reaching cash breakeven in the current fourth quarter. This is the first forward looking strategy from the company since the pandemic set foot in the beginning of the year causing major disruptions in the airline industry. Due to […]

Samsung Posts Best Quarterly Operating Profit in Two Years in Q3

South Korea based Tech giant Samsung Electronics Co Ltd. (005930) reported its third quarter results of the year posting the best quarterly Operating profit in the past two years in the quarter. In the third quarter ended September 30 Samsung reported an operating profit of 12.35 trillion won ($11 billion) denoting a 59% increase. It’s […]

Sony Getting Strong Demand for PS5 Ahead of its Launch

Sony Corporation (TYO: 6758) has reported that it’s already receiving a strong demand for eagerly awaited PlayStation 5 (PS5) even weeks ahead of its official launch which is slated for November 12. This was announced by the CEO of Sony Interactive Entertainment Jim Ryan, who said they have pre-sold many PS5 consoles in the first […]

Immune Response for AstraZeneca and Oxford Vaccine Raises Hopes for COVID-19 Vaccine

The vaccine under trials by Europe based biopharmaceutical AstraZeneca Plc. (LON: AZN) and Oxford University has raised hopes of a suitable vaccine against the deadly COVID-19 vaccine after the company said experimental vaccines produces an immune response in both young and old adults. The vaccine is said to be triggering lower adverse responses among older […]