Industry News

Facebook and Twitter to cheer for thrilling victories, engage with athletes, see highlights, and share in the live coverage. Both companies achieved new records of views, clicks and tweets during the period."/>
Rio Olympics data recap: 187 million tweets, 1.5 billion Facebook interactions [Mint, New Delhi]
Piramal Enterprises partners with Bain Capital for stressed asset investment fund. Billionaire Ajay Piramal-led Piramal Enterprises Ltd on Tuesday said it is launching a $1 billion distressed asset investment platform in association with private equity fund Bain Capital Credit, reported Mint."/>
Deals Buzz: Piramal, Bain Capital to launch stressed asset investment fund [Mint, New Delhi]
Nano Dimension Ltd., a leader in the field of 3 D Printed Electronics, announced today that its wholly owned subsidiary, Nano Dimension Technologies, has supplied the first DragonFly 2020 system designated for 3 D circuitry and PCBs. The supply was made to a leading defense company in Israel for evaluation purposes and is expected to be installed at the partner's site in the coming days. To date, Nano Dimension has proven its capabilities of..."/>
Nano Dimension Supplies First DragonFly 2020 System to Leading Israeli Defense Company
Tata Consultancy Services, a multinational information technology company based in Mumbai, India, and that the company will dismiss a cross-complaint."/>
International software firm settles lawsuit, pays O.C. $26 million [The Orange County Register]
ManpowerGroup, global leader in innovative workforce solutions, today announced an agreement with Ciber, Inc., a leading global information technology consulting, services and outsourcing company, to acquire its business in Norway. The acquisition of Ciber Norway complements the organic growth of ManpowerGroup's own professional resourcing and project-based workforce solutions arm, Experis, and will help meet growing demand in the IT..."/>
ManpowerGroup Announces Acquisition of Ciber Norway
Boston Herald The Ticker column [Boston Herald]
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]
Fujitsu Social Mathematics Joint Research Unit within the Institute of Mathematics for Industry at Kyushu University, Itoshima City in Fukuoka Prefecture, and Fujitsu Laboratories Ltd. today announced the start of a joint field trial that, using a form of artificial intelligence that automatically evolves to gradually learn human preferences, seeks to match people wanting to relocate to Itoshima to appropriate candidate locations within..."/>
Kyushu University, Itoshima City, and Fujitsu Begin Field Trial Using Automatically Evolving AI to Facilitate Relocation
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]

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