Hitachi Ltd. is buying U.S. digital engineering services company GlobalLogic Inc. for $9.6 billion, the Japanese industrial, electronic and construction conglomerate said Wednesday. Tokyo-based Hitachi said the acquisition of the Silicon Valley company will strengthen Hitachi’s digital operations in a wide range of businesses, including IT, energy, industry and mobility. It will speed up efforts […]
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Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal Wednesday. The technology is based on Microsoft’s HoloLens headsets, which were originally intended for the video game and entertainment industries. Pentagon officials have described the futuristic technology — which […]
Epic Games submitted a complaint Tuesday about Apple’s alleged “monopolistic practices” to the U.K. competition watchdog, which is investigating the iPhone maker over concerns it has a dominant position in app distribution. The move by the maker of the popular video game Fortnite is the latest salvo in its bitter battle over Apple’s App Store. […]
WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO. In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become fashionable: SPACs. Special purpose acquisition companies have been embraced by big institutions […]
Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan’s Nomura said it could face a loss of $2 billion due to an event with a U.S. client. Credit Suisse […]
China announced tax breaks Monday to spur growth of its semiconductor industry following U.S. sanctions that alarmed the ruling Communist Party by cutting off access to American processor chips for tech giant Huawei and some other companies. Leaders declared accelerating efforts to transform China into a self-reliant “technology power” to be this year’s top economic […]
Popular Chinese girl group THE9 held its debut “X-City” XR concert on March 26 and March 27, on via streaming platform, according to China-based iQIYI Inc. an innovative, market-leading online entertainer said. An immediate hit with viewers immediate success and has already sparked heated discussions amongst fans. “XR performance is so exciting” and “Now I […]
Chrissy Teigen has deleted her popular Twitter account, saying the site no longer plays a positive role in her life. “For over 10 years you guys have been my world,” Teigen wrote to her 13.7 million followers Wednesday night. “But it’s time to say goodbye. This no longer serves me as positively as it serves […]
The CEO of BetterUp Inc. said Wednesday that he hired Prince Harry as an executive because of his tenacious advocacy for the kind of mental health services that his firm provides, and the publicity brought by the move is merely a perk. Chief Executive Alexi Robichaux spoke to The Associated Press a day after the […]
Visa is under investigation by the Department of Justice’s antitrust division over whether the company pushes merchants into more expensive forms of debit card payments, The Wall Street Journal reported Friday. The investigation is focused on how merchants route debit card transactions when a consumer makes an online transaction, according to the Journal, which cited […]