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Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi has set initial tentative terms for the world’s biggest initial public offering with potential to raise up to $6.1 billion in Hong Kong. The Chinese smartphone maker plan to offer 2.18 billion shares at HK$17 to HK$22 each, with talks w..

Uber to pay drivers for switching to electric cars

Uber to pay drivers for switching to electric cars

Uber, one of the biggest ride hailing apps in the U.S., announced on Tuesday its new pilot program to get drivers to switch over to the more environmentally friendly, electric cars. The pilot program, called EV Champions Initiative, plans to deliver..

Microsoft’s Ethical Reckoning is Here

Microsoft’s Ethical Reckoning is Here

Microsoft has become the latest company to pull into the tech industry’s ethical view over the use of its products by government agencies. Critics have stated in a blog post in January that Microsoft Corporation (NASDAQ: MSFT) publicized its w..

Fujifilm sues Xerox for well over $1 billion after aborted merger

Fujifilm sues Xerox for well over $1 billion after aborted merger

Fujifilm Holdings Corp. sued Xerox Corp (NYSE: XRX) for over $1 billion, blaming the company for giving in to pressure from activist investors, Carl Icahn and Darwin Deason, for ending a planned merger. According to a complaint filed with the U.S. D..

UPS invests $130 million into natural gas vehicles and fueling stations

UPS invests $130 million into natural gas vehicles and fueling stations

United Parcel Service, Inc. (NYSE: UPS), one of the largest U.S. shipping companies, announced today in a press release that they have plans to build an additional five compressed natural gas fueling stations and more than 700 new compressed natural..

JetBlue founder with plans to launch low cost airline

JetBlue founder with plans to launch low cost airline

JetBlue Airways Corporation (NASDAQ: JBLU) founder, David Neeleman, is planning to launch a new, low cost airline, called Moxy. Neeleman is currently seeking to raise $100 million for the project, including his own money, according to Airline Weekly..

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

QUALCOMM, Inc. (NASDAQ: QCOM) acquisition of NXP Semiconductors NV for $43 billion has been approved by Chinese regulators. The approval, which has been pending for 18 months, removes the final obstacle to the purchase. The decision will allow the t..