Dell Inc. announced closing of purchase of EMC for $ 67 billion. Thus, the largest merger in the history of high-tech industry has been sealed. Private technology company Dell Technologies will develop and promote IT-services and infrastructure for business needs. The new combined company, to be...

The investment firm TPG will buy the majority stake in cyber security division of Intel Corp, formerly known as McAfee, for $3.1 billion in cash, the latter announced.     Valuing the entire company at $4.2 billion including debt, TPG will own 51 percent of the new entity. A 49 percent...

Private tutions is big business in Singapore.   The growth of this informal sector is epitomized by the JC Economics, founded by Anthony Fok, one of the best-known faces of Singapore's booming private tuition scene. And it has been just three years that this one-man operation is bringing in...

German carmaker Volkswagen AG signed a protocol of intent with China's Anhui Jianghuai Automobile Co. (JAC), on production of electric vehicles in China. Volkswagen is counting on a long-term partnership with Anhui Jianghuai, says message of the German company. The parties are negotiating a joint...

After the Mexican food chain Chipotle Mexican Grill Inc, the once high-flying company, was battered by food-safety issues, activist investor William Ackman's hedge fund took a 9.9 percent stake in fast-casual Mexican food chain.   The company's shares, which closed at $414.07 on Tuesday,...

The enhanced demand for data localization is spreading across Europe and around the world and this has promoted Microsoft Corp to introduce a complete set of cloud services from data centers in Britain.   Britain is the US tech giant’s second biggest market for cloud-based software after the...

The Norwegian oil company Statoil announced an agreement with British Tullow Oil to buy a stake in four licenses for oil drilling off the coast of Norway, including a 20% stake in newly opened Wisting field in the Barents Sea. The deal will allow Statoil to increase its stake in Wisting deposit up...

After a Spacecom communications satellite was destroyed last week by an explosion at SpaceX's Florida launch site, Israel's Space Communication Ltd said on Sunday it could seek $50 million or a free flight from Elon Musk's SpaceX.   Spacecom also could collect $205 million from Israel...

The market of virtual reality devices is developing more quickly than expected, say experts of research firm CCS Insight. 14.5 million VR-headsets for smartphones are expected to be sold this year for a total sum of $ 500 million. By 2020, sales in units should be increased five-fold, and reach 72...