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Worldpay set to hire six banks for its £6bn London float

Worldpay, a payment processing company, is set to hire 6 banks to help it seek a £6 billion ($9.22 billion) valuation at the London Stock Exchange listing. The £6 billion ($9.22 billion) valuation could make it the largest initial public offering (IPO) in the UK this year.

Jun 08, 2015 5:12 AM EDT


Yahoo to shut down Maps and other services

California-based Yahoo Inc will be shutting down its maps website and other services at the end of the month. The move comes as Yahoo Inc wants to focus on its search, communications and digital content. Yahoo Inc's Maps were facing intense competition from Google Inc's Maps service.

Jun 07, 2015 11:56 PM EDT


Facebook Lite launched in emerging markets

Facebook Lite launched in Asia. Facebook Lite is designed for Android devices, it will also be released in parts of Latin America, Africa and Europe in the coming weeks.

Jun 07, 2015 11:33 PM EDT


Magic Leap to blend digital and real world

Magic Leap would soon start making a software development kit (SDK) available to interested developers. This means several developers can actually try their hands on SDK to execute their visualization.

Jun 07, 2015 10:04 PM EDT


Hewlett-Packard Split and Rebranding Brings Job Cuts, Shifts to Offshore Jobs

HP's planned split takes effect on November 1st. Transition of company is said to bring a thousand job cuts across its divisions. Plans of shiting to offshore jobs hinted by HP CEO Meg Whitman.

Jun 07, 2015 10:55 AM EDT


Leading Financial Software Firm SunGard Files for IPO

Sungard Financial Systems IPO could offer a $10B value for the company. It continues to expand as it launches its fourth office in Africa - Nairobi, Kenya.

Jun 07, 2015 9:51 AM EDT


Samsung is using Alcoa’s aerospace-grade aluminum to build latest Galaxy phones

Samsung Electronics is using high-strength aerospace-grade aluminium supplied by New York-based lightweight metals company Alcoa. Alcoa is supplying its 6013 Power Plate for the manufacturing of Galaxy S6 and S6 edge phones.

Jun 07, 2015 9:11 AM EDT


Rakuten plans to issue 100 million shares to raise $1.5 billion for debt payment and investment

Rakuten aims to raise $1.5 billion from new shares to be offered in Japan and overseas. The Japanese retail company continues to transform itself to prepare for globalization.

Jun 07, 2015 9:02 AM EDT


Orange plans expansion in North Africa while ending ties with Israel to strenghten Middle East relationship

Orange expands to North Africa as a way to enter the Middle East market. The telecomsoperator expresed its desire to end affiliation with Israel's Partner Communications Ltd to give way to Arab pressure.

Jun 07, 2015 6:22 AM EDT


New Delhi rejects license applications of taxi firms Uber, Ola

US-based taxi company Uber and its local rival Ola's licence applications have been rejected by the Delhi government. The licence application of Taxiforsure has also been rejected.

Jun 07, 2015 6:08 AM EDT


Apple recalls Beats Pill XL speakers over battery fire safety risks

Apple is recalling Beats Pill XL speakers over battery overheating. Apple has announced a refund to owners. The recall does not affect any other Beats or Apple products.

Jun 07, 2015 5:46 AM EDT


Deutsche Bank teams up with Microsoft, HCL, IBM allotting up to $1.11B for upgrades

Deutsche Bank is with Microsoft, HCL and IBM for the next 5 years for tech revamp project. US companies have alloted $316 billion for R&D since November 2014.

Jun 07, 2015 12:02 AM EDT


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