American ride-hailing firm Uber has raised $3.5bn from Saudi Arabia’s Public Investment Fund. This is the first time that Uber secured such a huge funding from a single investor. The investment will not affect the company's ...
Tags: Uber, ride-hailing
Jim Beam, a bourbon whiskey brand produced by Beam Suntory, has launched new global packaging redesign for its entire portfolio. The global packaging upgrade marks the first time changes to the bourbon bottle in decades and comes after ...
Tags: Jim Beam, Packaging Redesign
Australian food manufacturing firm Patties Foods has accepted a $232m acquisition bid made by a private equity firm. Earlier this week, the company said it was approached by Pacific Equity Partners (PEP) with a takeover offer of $1.65 per ...
Samsung's next phablet - be it the Galaxy Note 6 or Note 7 – will feature a dual-lens camera, according to new reports. The Taiwanese media is reporting that this year's Galaxy Note 7 (the new rumoured name) will feature a dual-lens ...
Volvo Trucks has unveiled a new concept truck which claimed to consume 30% less fuel than conventional trucks. This new concept truck was developed in collaboration with Swedish Energy Agency and US Department of Energy. Volvo says that ...
Tags: Volvo, Concept Truck
Although several brand vendors including Asustek Computer, Lenovo, Acer, Hewlett-Packard (HP) and Dell are all preparing to launch new 2-in-1 devices in the second half of 2016, some market watchers are concerned that demand may be limited. ...
Tags: 2-in-1 devices, Microsoft, CPU
German automaker Volkswagen has invested $300m in Israeli ride hailing provider, Gett, which competes with Uber, Lyft, and Didi Chuxing. Volkswagen's investment comes months after General Motors injected $500m into privately held American ...
Tags: Volkswagen, automaker
US-based food company TreeHouse Foods is planning to close two production facilities located in Azusa, California and Ripon, Wisconsin. The shutdown of facilities is part of the company's efforts to streamline operations by reducing ...
Tags: TreeHouse Foods, snack products
DSM has modified its Delvo Fresh range of quark cultures to meet the customer demands for smoother, creamier quark with a subtle flavour. Apart from contributing to healthy, protein-rich diets, the quark cultures makes production faster ...
Tags: DSM, dairy products
High Heel Brewing, a new craft beer company founded by master brewer Kristi McGuire, will introduce a line of craft beers specifically aimed at female craft beer consumers. The company, which produces its beers in partnership with St. ...
Tags: High Heel Brewing, craft beer
The US Food and Drug Administration (FDA) has approved the introduction of a new nutrition-facts panel on the back of the packaged food and beverage products which will now carry information on sugar content added by manufacturers and ...
Tags: Nutrition Facts Label, FDA
Baidu has selected Inspur's NF5568M4 server to provide hardware support for the deep learning platform of its driverless car. Deep learning is one of the core areas of driverless technology. In December 2015, Baidu's driverless car passed ...
Tags: Driverless Cars, Baidu
Toyota Motor North America is joining forces with DEKA Research and Development, the company founded by legendary inventor Dean Kamen, to support mobility solutions for the disabled community. This agreement will help DEKA to proceed with ...
Tags: Toyota Motor, Deka Research
Denali Ingredients, an ingredients supplier to the food manufacturing industry, has unwrapped a sweet new facility featuring a brand new look, expanded space and new capabilities. The building, located at 2400 S Calhoun Rd. in New Berlin, ...
Tags: Denali Ingredients, ice cream
Volvo Cars has unveiled two new concept cars that move the Swedish brand in an audacious new direction and mark the official launch of its global small car strategy. Today's newly-revealed 40 series concepts demonstrate for the first time ...
Tags: Volvo Cars, Concept Cars