Company News

Huawei Selling its Smartphone Brand Honor

Leading Chinese tech giant Huawei Technologies Co Ltd will be selling its budget brand smartphone unit Honor with an aim of keeping the brand alive. Huawei will be selling the smartphone brand to a consortium of more than 30 agents and dealers. On Nov 17 the consortium issued a statement announcing the deal. The deal […]

Microsoft Launches Next Generation Xbox Consoles

Microsoft Corp. (MSFT) has launched two new models Xbox gaming console. The consoles dubbed Xbox Series X and Xbox Series S will be going for $499.99 and $299.99 respectively. The company says the Xbox Series X is the most powerful gaming console in the world. The lower priced Xbox Series S is already facing backlash […]

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 […]

Lily Secures External Advisor for COVID-19 Drug Plant Problem

Indianapolis based pharmaceutical company Eli Lily and Co. (LLY) has announced that it has procured services of an external advisor to review its COVID-19 drug plant problem. This comes after inspectors from Food and Drug Administration (FDA) found Lily’s drug for COVID-19 violating quality control standards resulting to the company halting its vaccine development trials. […]

IBM Splitting Into Two Public Companies

International Business Machine Corp. (IBM) has announced that it will be splitting into two publicly traded companies with a main aim of focusing on high margin cloud computing. This decision has taken many unaware since no one was expecting the 109 year old company to diversify away from its traditional business. The company will list […]

AstraZeneca Halts COVID-19 Vaccine Trials After a Study Participant Falls Sick

Leading pharmaceutical company AstraZeneca PLC. (AZN) has suspended its global COVID-19 vaccine trials which were including large stage trials. The company said it resulted to this move after a study participant in the experiment started suffering from unexplained illness. “This is a routine action which has to happen whenever there is a potentially unexplained illness […]

Oracle Expresses Interest in Purchasing TikTok’s U.S Operations

The race to purchase Chinese short video sharing app TikTok seems to be getting stiffer with each passing day. Several American companies and interested parties have expressed their interest to acquire the company’s operations in the United States. Notable companies like Microsoft Corp (MSFT) and Twitter Inc. (TWTR) have expressed interests of buying the company. […]

IBM Introduces New Processor Chips Taps Samsung in Manufacturing

Technology company International Business Machine. (IBM) launched a new processor chip type for data centers, according to IBM the new chip has the ability to handle three times the workload of its predecessor. IBM says the new chip will be dubbed Power10 chip and it’s made to be majorly used by businesses inside data centers. […]

Remington Files for Bankruptcy

U.S based gun manufacturer Remington Arms Co filed for Chapter 11 bankruptcy protection on July 27. Some recent incidents involving school shootings in the United States resulted to multiple gun sellers placing additional restrictions on purchase of guns. These additional restrictions caused financial troubles to some of companies engaging in guns business. This now makes […]

Hackers Penetrate Twitter Scamming More Than $100,000 of Cryptocurrency

Widely used social media network Twitter Inc. (TWTR) has said hackers managed to penetrate its internal system soliciting cryptocurrency worth millions of dollars from unsuspecting individuals. The hackers were targeting accounts of famous people in the world in their operations. According to Twitter, the hackers took control of verified accounts of high profile people in […]