Industry News

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]
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.]
BRIEF: DAILY OIL PRICE: Aug. 23 [Odessa American, Texas]
Daily Mail, London, market report column [Daily Mail, London]

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