The largest ever acquisition by General Electric was given the green signal by the European Commission (EC) and the Department of Justice. GE can now go ahead with its proposed acquisition of Alstom power and grid after the two institutions gave their nod for the deal to be closed. Sources said...

With a possible intention to challenge Google in an area the Internet search giant has long dominated, Apple has spruced up its efforts to hiring of artificial intelligence experts, reports Reuters.   The latest hiring spree, derived from analysis and review of hiring sites and through...

The world’s first and only island for private submarines would be showcased at the Monaco Yacht Show, repots Forbes. The first pictures were released by the builders of the island, the Migaloo Private Submersible Yachts . Based on semi-submersible platforms, the private island would be...

To enable its corporate clients manage smartphones running on different operating systems, Canada’s BlackBerry Ltd announced their intention of buying rival mobile software provider Good Technology Corp for $425 million.   In recent years, this one-time smartphone pioneer, has shifted focus...

Uber taxi service attracted $ 1.2 billion to strengthen its position in the Chinese market. It is reported by Tech Crunch, citing a source within the company. The Uber confirmed that one of the investors was the Chinese search engine Baidu, yet the received share is not disclosed, as well as the...

Apple Inc. is expected to unveil an upgraded Apple TV, a device similar to a set-top box that brings video and music from the Internet to a television, said media reports. Experts say that this unveiling, which is expected to happen next Wednesday at an event in San Francisco, is an effort by...

In a deal valuing its equity at just over $2.5 billion, the bidding battle for Avolon, the Dublin-based aircraft leasing company, was won over by Bohai Leasing, a unit of the Chinese aviation and shipping company HNA, reports the Financial Times.   Bohai Leasing defeated AVIC Capital, a...

The present system of barcode tags to undergo a change whereby it will incorporate more detailed data about a product. The simple barcode data available in the market that appears on every product packaging may disappear soon from the market as the customers demand for “for more information about...

Polyvore has been acquired by Yahoo to fuel the growth of Yahoo Gemini. The process of Polyvore acquisition has been completed by NASDAQ: YHOO. It has been noted that this acquisition puts the company of Yahoo in an advantageous situation. Consequently, it will enhance the customers’ base along...