Industry News

Pointer Telocation Systems Ltd. has acquired a fleet services management company in Southern Brazil. Pointer will pay $6.5 million in cash for Cielo Telecom, which manages fleet customers covering 16,000 trucks. Cielo, founded in 1994, has a strong presence in the Brazilian truck sector."/>
Pointer buys Brazilian fleet management co for $6.5m [Globes, Tel Aviv, Israel]
Infosys Ltd and the architect of Aadhaar, are joining hands to start a microfinance institution. Named Avanti Finance, the company, a "technology-enabled financial inclusion vehicle", will focus on "delivering affordable and timely credit to under-served and un-served segments in..."/>
Ratan Tata, Nandan Nilekani to start microfinance company [Mint, New Delhi]
Bharti Airtel Ltd cut data tariffs for some customers by as much as 80%, as the company prepares for the imminent launch of Reliance Jio. On Monday, the company announced another data pack offer for prepaid users that requires them to pay Rs.748 or Rs.1, 498 for a 1 GB 3 G/4G data pack, and avail recharges for same amount of data for only Rs. 99 or Rs.51. They can do this for between six months and a year."/>
Reliance Jio pre-launch jitters: Airtel cuts 4G price by up to 80% [Mint, New Delhi]
Facebook page and organic treats in its lobbies."/>
Green banker: Reception to Lauderdale branch preferable to 'ridicule and scorn' he experienced in Central Florida [Sun Sentinel]
Tenneco Automotive Operating Co.' s Kettering plant off Woodman Drive, according to the Ohio Tax Credit Authority's description of the project. The companies slated to receive tax incentives after an Ohio Tax Credit Authority meeting:."/>
Tax credits could lead to hundreds of new jobs [Dayton Daily News, Ohio]
Faro Technologies' purchase of Londonberry, N.H.,- based Laser Projection Technologies were not immediately available. Faro makes software and 3- D-based laser beam measuring devices for manufacturing and other industries."/>
3D laser firm Faro acquires New Hampshire company [Orlando Sentinel]
Cisco and other tech firms in Silicon Valley, reductions that combined would erase about 1,500 jobs. Cisco Systems confirmed Monday evening that it has formally notified state labor officials about roughly 900 job cuts in San Jose. "Today's market requires Cisco and our customers to be decisive, move with greater speed and drive more innovation than we've..."/>
Job cuts jolt some tech firms despite Silicon Valley hiring boom [East Bay Times]
Microsoft is working on a mobile app targeting deskless shift workers-- a market for managing and scheduling work hours that some peg as having huge potential. The app, codenamed Project Sonoma, is currently being tested by employees at companies that have signed up to participate in the private preview. Other companies targeting that same market include local startup Shyft."/>
Microsoft tests scheduling app [The Seattle Times]
Facebook page of a new Air Bus H130 helicopter emblazoned with the LVHN name and logo. United Rotorcraft-- a division of Englewood, Colo.-based Air Methods, the world's largest air ambulance operator-- designs and builds custom helicopter interiors."/>
LVHN getting new MedEvac chopper [The Morning Call (Allentown, Pa.)]
Ansys Inc. CEO James Cashman will be replaced by technology industry veteran and board member Ajei Gopal in January as part of a leadership succession plan, the Canonsburg-based engineering simulation company announced Monday. Cashman has served as CEO since 2000 and the 54- year-old Mr. Gopal was named president and COO until he takes over as CEO in 2017.."/>
Ansys names tech industry veteran to replace Cashman as CEO [Pittsburgh Post-Gazette]
Fortress Investment Group LLC bought the 726,528- square-foot complex on 129 acres at 2424 Garden of the Gods Road Aug. 10 from Verizon Business Network Services Inc., according a deed filed with the El Paso County Clerk and Recorder's Office. The sale is the second..."/>
Investment firm buys Verizon complex on Garden of the God Road for $31 million [The Gazette (Colorado Springs, Colo.)]
Apple announced a date for its fall event, a time when the company typically unveils new products. Apple is expected to introduce an updated iPhone line with an improved camera and a new home button. The firm may also show its next Apple Watch."/>
East Bay Times Michelle Quinn column [East Bay Times]
Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, met with Pope Francis at the Vatican on Monday-- and the couple didn't come empty-handed. Zuckerberg wrote in a Facebook post that they gave the pope a model of Aquila, a solar-powered drone designed to beam internet access to remote areas. "We told him how much we admire his message of mercy and tenderness, and how he's found new ways to communicate with people of every faith around the world," wrote Zuckerberg, who was..."/>
Facebook CEO Mark Zuckerberg and wife Priscilla Chan meet with Pope Francis [East Bay Times]
StarTek, Barclaycard, Vinylmax, Interstate Warehousing and more."/>
Job fair teaches people how to use bus system, find jobs along route [Journal-News, Hamilton, Ohio]
Qualcomm venture. Todd Hylton will serve as executive director of CRI, reporting to Henrik Christensen, the Georgia Tech engineer who was recently appointed to lead the institute. Hylton spent the past four years as executive vice president of strategy and research at Brain Corp., a small startup."/>
UCSD recruits a top engineer from Brain Corp. [The San Diego Union-Tribune]
Planet Payment, a leading international and multi-currency payment processor, launched' Pay in Your Currency', Planet Payment's Dynamic Currency Conversion solution, in Bahrain, with Ahli United Bank, Bahrain's leading bank. The agreement builds upon the strategic alliance between Network International and AUB, announced in 2012, to deliver a comprehensive..."/>
BRIEF: Network, Planet Payment and AUB launch 'Pay in Your Currency' [Khaleej Times, Dubai, United Arab Emirates]

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