Industry News

ServiceSource, the global leader in customer success and revenue-as-a-service solutions, today announced it has relocated its Asia-Pacific headquarters in Singapore to a new, larger and more central location in Mapletree Business City 2. The company celebrated the grand opening of its new location with a ribbon-cutting,..."/>
ServiceSource Celebrates Expansion of Asia-Pacific Headquarters in Singapore, Increases Focus on Regional Market Opportunities
Yes Bank Ltd, on Tuesday launched seven credit cards together to boost its retail banking business in partnership with MasterCard. The cards come in two categories, where one is Yes Prosperity range under which there are five credit cards and the other is Yes First range under which there are two credit cards. The Yes First range is available for its high networth customers."/>
Yes Bank launches 7 credit cards [Mint, New Delhi]
FirstCry in talks to raise $75 million [Mint, New Delhi]
Alibaba Group Holding Ltd firms up plans to enter India either independently or through an acquisition, three people close to the development said. One97 has already created a new entity called Paytm E-Commerce Pvt. Ltd, to which it will transfer the online retail business of the payments and e-commerce platform."/>
Paytm parent to spin off e-commerce business [Mint, New Delhi]
Best Buy Co.' s shares soared nearly 20 percent on Tuesday-- its biggest one-day gain in more than a decade-- after reporting a surprising uptick in quarterly comparable sales when investors were expecting a slight drop. "Best Buy continues to defy the skeptics," David Magee, an analyst with SunTrust Robinson Humphrey, wrote in a research report."/>
Best Buy stock sees best one-day gain in a decade [Star Tribune (Minneapolis)]
Facebook data center announced Tuesday it is withdrawing from negotiations with a subsidiary of the tech firm, leaving Los Lunas as the last known candidate for the site. In announcing an end to their bid in a news release Tuesday, officials in the Salt Lake City suburb of West Jordan cited opposition among state and local leaders to offering a package of property tax incentives to lure the Silicon Valley giant."/>
Utah city ends bid for Facebook facility [The Santa Fe New Mexican]
General Electric Co. and a joint venture between Pratt& Whitney and Honeywell International Inc.. Advanced Turbine Engine Co., the venture between Honeywell and East Hartford-based Pratt& Whitney, the jet engine manufacturing subsidiary of United Technologies Corp., received a $154 million contract. GE won a $102 million contract."/>
Pratt & Whitney, Honeywell Partner For $154 Million Army Helicopter Contract [The Hartford Courant]
Nokia completes network upgrade in under three months enabling Ooredoo Myanmar to launch 4 G services in major cities Existing managed services agreement extended to include 4 G network operations Enhanced network capacity will allow Ooredoo Myanmar to meet increase in mobile traffic and continue to support the country's fast-growing economy. YANGON, Myanmar, Aug. 24, 2016-- Nokia and Ooredoo Myanmar have completed the roll-out and launch of the first 4 G service in Myanmar,..."/>
Nokia and Ooredoo launch Myanmar's first high-speed 4G service and extend managed services contract
HP Inc. and HP Enterprise last year, and have escalated the layoffs since, eventually hitting tens of thousands of workers. The goal "was to make the company younger," said the complaint filed Aug. 18 in U.S."/>
HP hit with age-discrimination suit claiming older workers purged [East Bay Times]
Apple Store is no longer the Apple Store. It now is just Apple, as in Apple Orland Square Mall or Apple Lincoln Park. This is subtle, but in no way trivial."/>
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
Modesto salon offers speedy pampering [The Modesto Bee]
The portable charging station [The San Diego Union-Tribune]
HP Inc. and HP Enterprise last year, and have escalated the layoffs since, eventually hitting tens of thousands of workers. The goal "was to make the company younger," said the complaint filed Aug. 18 in U.S."/>
HP hit with age-discrimination suit claiming older workers purged [Mercury News]
CommScope Holding Company, Inc. has announced the increase in the size of the previously announced sale of shares of its common stock on an underwritten basis by an affiliate of The Carlyle Group from 7 million shares to 10 million shares. In addition, the underwriter will have an option to purchase up to 1,500,000 additional shares from Carlyle. CommScope will not receive any of the proceeds from the offering of shares by Carlyle."/>
CommScope Announces Increase in the Size of Previously Announced Sale of Common Stock by Affiliate of The Carlyle Group from 7 Million Shares to 10 Million Shares
Delphi Automotive and Mobileye, two leading suppliers of autonomous vehicle technology, will collaborate on a broader system that should enable vehicles to achieve full, or Level 4, autonomy by 2019.. Mobileye is the Israeli-based developer of computer vision systems, mapping and machine learning algorithms. Delphi, with a large technical center in Troy, has already created a system of driving software, sensors and radar that has guided a fleet of Audi SQ5's on several..."/>
Delphi, Mobileye team up for Level 4 self-driving tech [Detroit Free Press]
Unemployment dips slightly in July [St. Cloud Times, Minn.]

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