Tag Archives: billion

Making 1 billion mobiles in a year: India needs to ramp up manufacturing, become global hub

The focus is needed on attracting large-scale manufacturing of mobile sets. While the Indian government targets ramping up mobile phone and component manufacturing in the country according to its National Policy for Electronics, India needs to adopt a multi-prong approach and manufacture 1 billion mobiles a year, a report said. “India must ensure that the scale of manufacturing… Read More »

GE shares surge after Danaher agrees to buy biopharma business for $21.4 billion

GE sells biopharma unit to Danaher for $21.4B  7:24 AM ET Mon, 25 Feb 2019 | 00:45 Danaher will buy the biopharmaceutical business of General Electricin a $21.4 billion deal, the companies announced Monday. The deal will see Danaher pay $21 billion in cash, as well as assume certain GE pension liabilities. The GE Life Sciences unit will join Danaher’s Life… Read More »

Facebook to Put 1.5 Billion Users Out of Reach of New EU Privacy Law

HIGHLIGHTS Facebook is keen to reduce its exposure to GDPR Companies can be fined for using personal data without users’ consent Change affects more than 70 percent of Facebook’s 2 billion-plus members If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook users around the world would be… Read More »

More Than 1 Billion Smartphones Will Ship With Fingerprint Scanner Next Year: Counterpoint

HIGHLIGHTS Fingerprint sensor is quickly becoming a common feature in smartphones Next year, the vast majority of smartphones are expected to ship with it Chinese phone makers are bringing fingerprint sensors to low-cost phones Fingerprint scanners, a feature that was introduced only four years ago, will be seen in nearly all of the smartphones that will ship next… Read More »

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources

HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. Shanghai Pharmaceutical Holding Co Ltd, China Resources Pharmaceutical Group Ltd and Sinopharm Group Co Ltd are… Read More »

Toshiba Suing Western Digital for $1 Billion Over Chip Business Sale Interference

Japan’s Toshiba said on Wednesday it is filing a lawsuit against joint venture partner Western Digital. Toshiba is claiming JPY 120 billion ($1.07 billion) in damages, saying in a statement that Western Digital is interfering with the sale of its memory chip division. Toshiba also said it has decided to shut out Western Digital employees based outside the… Read More »

Facebook hits two billion users

More than a quarter of the world’s population now uses Facebook every month, the social network says. “As of this morning, the Facebook community is now officially two billion people,” founder and chief executive Mark Zuckerberg posted. The milestone comes just 13 years after the network was founded by Mr Zuckerberg when he was at Harvard. He famously… Read More »

Private equity firm CVC Capital raises record $18 billion

CVC Capital Partners CVC.UL has raised 16 billion euros ($17.98 billion) for its latest flagship fund for private equity investments in Europe and North America, it said on Thursday. The seventh fundraising by CVC is the largest by a European private equity firm, surpassing the 11.2 billion euros raised by Apax Partners in 2007 and the 10.5 billion… Read More »

Barclays makes early African exit with $2.8 billion share sale

Barclays (BARC.L) cut its stake in Barclays Africa Group (BGAJ.J) to 15 percent sooner than expected on Thursday, ending more than 90 years as a major presence in the continent. The British bank, which under Chief Executive Jes Staley is firmly focused on Britain and the United States, said it was selling 2.2 billion pounds ($2.83 billion) worth… Read More »

Google I/O 2017: Android Now Runs on 2 Billion Monthly Active Devices

Google’s Android operating system has reached a milestone by powering 2 billion monthly active devices around the world, the company said. Google’s vice president of engineering Dave Burke that Android has “the largest reach of any computing platform of its kind”, Xinhua reported on Thursday. Based on the Linux kernel and designed primarily for touchscreen mobile devices, Android… Read More »