German carmakers Audi, BMW, and Daimler (owners of the Mercdeds brand) paid € 2.8 billion or about $3 billion to acquire Nokia’s mapping service Hire. Nokia sold its mobile phone unit to Microsoft last year for $7.6 billion.
Nokia is now focused almost entirely on its telecom equipment business, selling communications equipment to telecoms carriers worldwide.
Nokia’s Here mapping technology Read more […]
Facebook chief executive Mark Zuckerberg took to Facebook on Friday to announce that he and his wife Priscilla Chan are expecting a baby girl. But the announcement also talked about miscarriages Ms. Chan had suffered in the process or trying to have a baby.
Mr. Zuckerberg wrote that he and Ms. Chan had had three miscarriages before the ongoing pregnancy. Mr. Zuckerberg’s Facebook post has more Read more […]
The unexpected second quarter profits from online retail giant Amazon.com, Inc. (NASDAQ:AMZN) have pushed Amazon’s stock prices up and made its founder and CEO, Jeff Bezos, more wealthy than before.
Mr. Bezos’ wealth now surpasses that of Oracle founder and flamboyant billionaire Larry Ellison’s as Mr. Bezos takes up the fifth spot in the ‘world’s richest person’ stakes.
The leader of the pack Read more […]
IBM’s advances in frontier technology areas continues including in supercomputer technology and chip manufacturing.
IBM announced a new partnership with Nvdia and two national nuclear laboratories to come up with two new centers of excellence for supercomputing.
IBM and Nvidia will work with the Lawrence Livermore National Laboratory and the Oak Ride National Laboratory to develop a new generation Read more […]
Can Apple Inc (NASDAQ:AAPL) make inroads into the Indian smartphone market and get a significant chunk of marketshare like it has managed to do in China?
Apple seems to have got its advertising strategy right with the launch of its first exclusive ad for iPhones in India.
But no matter how emotionally effective the iPhone ad may be, the reality is Read more […]
Google Inc (NASDAQ:GOOG) has reported increase in revenues, GAAP operating income, and GAAP net income for the 2Q2015, under new CFO Ruth Porat.
Google reported revenues of $17.72 billion and revenue growth of 11% year over year and on a constant currency basis, revenue growth of 18% year over year. Net of Traffic Acquisition Costs (TAC) of $3.37 billion, Google’s revenues were $14.35 billion. Read more […]