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...

American technology company Hewlett Packard Enterprise wants to sell its software development division. According to sources, the company hopes to gain $ 8-10 billion. List of the potential buyers consists of a number of private investment funds, including Thoma Bravo and Vista Equity. Hewlett...