Macy’s has filed a lawsuit against the Kaufman Organization last week to prevent Amazon from advertising on a billboard on top of its flagship store in Herald Square. Macy’s claimed that a 1963 contract filed as an exhibit in the …
Amazon on Tuesday has launched its first autonomous household robot Astro, powered by Alexa smart-home technology, and capable of driving around one’s home to monitor pets, people, or home security. Astro is capable of mapping the home’s layout, recognize objects, …
New York-based investment banking giant JPMorgan Chase announced that it has purchased college planning platform Frank Financial Aid as it aims to deepen relationships with students and their parents. In a press release, the U.S. bank announced the acquisition as …
SoftBank Group Corp. has sold about $1.69 Billion worth of its shares in South Korean e-commerce giant Coupang Inc., according to a U.S. regulatory filing. In a filing to the U.S. Securities and Exchange Commission, the Japanese holding firm has …
SoftBank announced late Tuesday that it will commit $3 billion for a private investment funding that will be focused on technology companies in the Latin American market. In a statement, the company said that the launching of the SoftBank Latin …
Ford Motor Co. announced late Thursday that it will cease manufacturing vehicles for sale in India immediately, a move that would leave about 4,000 employees jobless. In a press release, the American company said that its plan to restructure its …
Swiss cement maker Holcim AG, formerly known as LafargeHolcim, announced on Friday that it has agreed to sell its business unit in Brazil to steelmaking firm Companhia Siderurgica Nacional (CSN) for an enterprise value of $1.025 billion as the company …
Furniture giant Ikea has been struggling to supply some 1,000 product lines due to a shortage of HGV drivers linked to Covid and Brexit. Ikea said that all 22 of its UK and Ireland stores were facing as much as …
E-commerce giant Alibaba Group announced on Friday that it will provide 100 billion yuan ($15.5 billion) to support the common prosperity campaign of President Xi Jinping for China. In a press release, the company said that it will assign the …
Semiconductor Manufacturing International Corp (SMIC) announced on Friday that it will invest $8.87 billion to build a new plant in Shanghai, a move that will expand the Chinese chipmaker’s manufacturing capacity as China aims to strengthen dominance in the sector …