development

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

Arcadia Bioscences and Shriram Bioseed Announce Extended Shelf Life Tomatoes Development

Arcadia Bioscences and Shriram Bioseed Announce Extended Shelf Life Tomatoes Development

Agricultural food company Arcadia Biosciences (NASDAQ: RKDA) and seed development company Shriram Bioseed announced it achieved development in Extended Shelf Life (ESL) tomatoes. Bioseed field tested Arcadia’s ESL technology for several n..

Tesla Hires Snapchat VP to Lead Autopilot Initiative

Tesla Hires Snapchat VP to Lead Autopilot Initiative

Tesla Inc (NASDAQ: TSLA) has hired Snap Inc. (NYSE: SNAP) vice president of monetization engineering as the new vice president of engineering. Bowers will be taking on the Autopilot initiative for the company and other projects. The head of Tesla..

Nike Executive Resigns Amid Inappropriate Behavior Complaints

Nike Executive Resigns Amid Inappropriate Behavior Complaints

Nike Inc.’s (NYSE: NKE) brand president, Trevor Edwards will resign and leave the company effective in August amid inappropriate workplace complaints, reports The Wall Street Journal, citing a Nike spokeswoman.The Journal cited an internal mem..

American Airlines Announced Q4 Results, Shares Fell

American Airlines Announced Q4 Results, Shares Fell

On Thursday, American Airlines Group Inc. (NASDAQ: AAL) announced its financial results for the fourth quarter of 2017, with revenue in line with estimate and earnings beating estimates. However, shares of the company dropped 3.1% to $53.07 per shar..

Chinese Geely Buys Stake in Sweidsh Volvo

Chinese Geely Buys Stake in Sweidsh Volvo

On Wednesday, China’s privately-owned automotive group, Geely Holding, has announced plans to acquire an 8.2% share capital holding and 15.6% voting rights in the leading Swedish manufacturer of truck engines, AB Volvo. Chairman Li Shufu of Ge..

Tech Investing Polluted by Tourist Capital

Tech Investing Polluted by Tourist Capital

For experienced private equity firms and venture capitalists, the tech boom brings with it the scourge of easy money. These 'dumb' investors make valuations go haywire. Company founders also become much too powerful than they actually should..