Shark Mitigation System is going public and will list in the Australian Securities and Exchange with high hopes of becoming a 'global player' in the global shark and marine technologies.
Regions
Alphabet Subsidiary Verily Reveals Images of Connectivity Bridge
Verily has revealed images of its new gadget, the Connectivity Bridge, through regulatory filing with FCC on Tuesday. The gadget has been developed aiming to gain a foothold of the Alphabet subsidiary in the competitive healthcare business. Through the new gadget, Verily upholds its goal to shift the focus from intervention to prevention.
Asian Stocks Fell due to Oil Prices and Weak Outlook on China
Asian stock market dropped starting Monday after three weeks rally. Concern over oil prices and economic outlook of China triggered the drop.
Whole Foods Plans For Solar Systems In A Bid To Reduce Utility Expenses
Whole Foods has been witnessing tremendous pressure from rival super market chains offering specialty and organic foods at lower prices. Solar providers supply power at reduced prices compared to commercial power tariff. To cope up with the market competition, Whole Foods has reached agreement with SolarCity and NRG for installation of solar systems in its several outlets.
Lockheed Martin Will Lay Off 1,000 Workers in Aeronautics Division
The defense contractor will cut workers from its aircraft division, Lockheed Martin Aeronautics Company. The company announced on Tuesday to offer voluntary lay off to its employees.
Latest News
Money manager Jeffrey Gundlach foresees the possibility of Standard& Poor's 500 index moving two percent upside and 20 percent downside. He considers the recent rebound in the market as a 'bear market rally.'
It's a race for Toshiba Medical Unit between Canon, Fujifilm Holdings, Konica Minolta and Permira Holdings. Nikkei said Canon has the highest bid amounting to $6.2 billion. Whoever the winner is, will be decided on Wednesday.
The volume of Philadelphia's venture capital (VC) investments is showing a mixed pattern. Though VC investment grew in 2015 when compared with investments in 2014, the fifth largest city in the US has attracted venture capital investment less than its due share of total funding.
Cisco Systems Inc is investing $500 million in Germany and $150 million in Slack Technologies Inc. The technology major is working closely with German public sector companies on technology projects and the government in formulating technology policies.
South Africa's gold industry is degenerating along with its economy. With the shut down of many gold mines, many workers are laid off leaving them no jobs and no food. This forces them to mine illegally and make their lives in jeopardy.
Eurogroup President Jeroen Dijsselbloem said to begin review on Greece debt soon. The group will renew talk after Greek government continue its reform plan.
Chancellor of the Exchequer George Osborne face a hurdle in fulfilling his last year's ambition. In to eliminate budget deficit. Brexit issue and economic slowdown has decimated his plan.
Long reluctance to e-commerce have delayed Costco operation to fully utilize the power of Internet retail. However, it seems the company has to start further the initiative as slow growth in Q2.
Brazilian iron ore miner Vale and Australian miner Fortescue, both have reduced their debt burdens significantly through disposing less prospective assets. Under such situations, news for tying up with each other seems to be unusual. But analysts observe the move as highly strategic to cope up with the market situation.
