Tags: Apple
Big tech acquisitions seen surging in Israel
Dealogic data showed a big increase in the acquisition activity of big tech companies in Israel, pushing the Middle Eastern country to become a global player in the innovative tech arena.
iPhone maker Foxconn to invest in USD40 million in Pennsylvania
iPhone maker Foxconn Technology Group said it plans to invest USD40 million in Pennsylvania for the development of robotics and a high-tech manufacturing facility for telecom and internet equipment.
Israeli newspaper reports Apple acquisition of chip maker PrimeSense for USD 345 million price tag
According to financial newspaper Calcalist, Apple had bought Israeli chip maker PrimeSense for a USD 345 million. However, PrimeSense said it did not relate to rumors made about its customers and partners.
What to watch in the day ahead
The world's largest retailer is likely to provide an update on its layaway program's results and on early indications of whether shoppers are taking to its first holiday specials. Wall Street is waiting to see whether Wal-Mart again cuts its fiscal year forecast.