billion Archive

  • *U.S. Consumer Credit Rises $13.1 Billion In August U.S. Consumer Credit Rises $13.1 Billion In August

    *U.S. Consumer Credit Rises $13.1 Billion In August

    *U.S. Consumer Credit Rises $13.1 Billion In August U.S. Consumer Credit Rises $13.1 Billion In August
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  • Denso Corp. is placing a $1 billion bet that the U.S. auto industry's future is electric. The Japanese parts supplier said Friday it will invest that much to expand its factory in Maryville, Tenn., to make components for electrified, connected and self-driving cars. The parts will supply customers including major shareholder Toyota Motor Corp., plus Honda Motor Co., Nissan Motor Co. and their Detroit rivals, said Bill Foy, senior vice president of engineering for Denso International America. The expanded facility will become one of the largest automotive component factories in North America at a time when EVs with autonomous and connected features are entering high-volume output for the first time. Parts to be made on the expanded production lines will include things like radar sensors for self-driving and data control modules that connect moving vehicles to the Internet, allowing manufacturers to send over-the-air software updates -- modern new additions that are seen becoming ..

    Denso to invest $1 billion in Tenn. to supply EVs, autonomous cars

    Denso Corp. is placing a $1 billion bet that the U.S. auto industry's future is electric. The Japanese parts supplier said Friday it will invest that much to expand its factory in Maryville, Tenn., to make components for electrified, connected and self-driving cars. The parts will supply customers including major shareholder Toyota Motor Corp., plus Honda Motor Co., Nissan Motor Co. and their Detroit rivals, said Bill Foy, senior vice president of engineering for Denso International America. The expanded facility will become one of the largest automotive component factories in North America at a time when EVs with autonomous and connected features are entering high-volume output for the first time. Parts to be made on the expanded production lines will include things like radar sensors for self-driving and data control modules that connect moving vehicles to the Internet, allowing manufacturers to send over-the-air software updates -- modern new additions that are seen becoming ..
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  • China said on Thursday it has approved HP Inc's $1.1 billion (roughly Rs. 7,175 crores) purchase of Samsung Electronics' printer business with certain restrictions, citing concerns about the US firm's dominance of the domestic laser printer market.HP announced the deal in September 2016, hoping to disrupt the $55 billion copier market by focusing on multifunction printers and more deeply embedding mobile and cloud printing technologies to its product solutions.It hoped at the time to close the transaction within 12 months, pending regulatory review.In a statement issued late on Thursday, the Ministry of Commerce said sale of A4 format laser printers by HP in China should be done on "fair and reasonable" terms and the firm must report every six months on their prices and related data to the ministry.HP must not buy any stakes in other A4 printer manufacturers in China even if they are a minority equity investment, it said.It must not adapt its printers to restrict co..

    HP’s $1.1-Billion Buyout of Samsung’s Printer Business Approved by China

    China said on Thursday it has approved HP Inc's $1.1 billion (roughly Rs. 7,175 crores) purchase of Samsung Electronics' printer business with certain restrictions, citing concerns about the US firm's dominance of the domestic laser printer market.HP announced the deal in September 2016, hoping to disrupt the $55 billion copier market by focusing on multifunction printers and more deeply embedding mobile and cloud printing technologies to its product solutions.It hoped at the time to close the transaction within 12 months, pending regulatory review.In a statement issued late on Thursday, the Ministry of Commerce said sale of A4 format laser printers by HP in China should be done on "fair and reasonable" terms and the firm must report every six months on their prices and related data to the ministry.HP must not buy any stakes in other A4 printer manufacturers in China even if they are a minority equity investment, it said.It must not adapt its printers to restrict co..
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  • The Flipkart sale will see the debut of Honor 6X and Honor 8 Pro, smartphones that were available only on Amazon India so far. The two Huawei handsets will make their Flipkart debut in the e-commerce brand's Big Billion Days sale on Thursday, September 21. During the Flipkart sale, the Honor 6X and Honor 8 Pro will be available with special offers. The Honor 6X will be available at Rs. 1,000 flat off, and will be priced at Rs. 10,999 for the 32GB storage model, and Rs. 12,999 for the 64GB storage model. The Honor 8 Pro, on the other hand, will have an additional Rs. 3,000 available on product exchange.Without any offer, the Honor 6X (Review) will be available at Rs. 11,999 and Rs. 13,999, while the Honor 8 Pro (Review) at Rs 29,999. Honor says that interested consumers can avail similar benefits on both the Honor smartphones via Amazon's Great Indian Festival sale from Thursday.Commenting on the announcement, P Sanjeev, Vice President, Sales, Huawei Consumer Business Group ..

    Flipkart Sale: Honor 6X, Honor 8 Pro to Be Available in Big Billion Days Sale

    The Flipkart sale will see the debut of Honor 6X and Honor 8 Pro, smartphones that were available only on Amazon India so far. The two Huawei handsets will make their Flipkart debut in the e-commerce brand's Big Billion Days sale on Thursday, September 21. During the Flipkart sale, the Honor 6X and Honor 8 Pro will be available with special offers. The Honor 6X will be available at Rs. 1,000 flat off, and will be priced at Rs. 10,999 for the 32GB storage model, and Rs. 12,999 for the 64GB storage model. The Honor 8 Pro, on the other hand, will have an additional Rs. 3,000 available on product exchange.Without any offer, the Honor 6X (Review) will be available at Rs. 11,999 and Rs. 13,999, while the Honor 8 Pro (Review) at Rs 29,999. Honor says that interested consumers can avail similar benefits on both the Honor smartphones via Amazon's Great Indian Festival sale from Thursday.Commenting on the announcement, P Sanjeev, Vice President, Sales, Huawei Consumer Business Group ..
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  • Google is biting off a big piece of device manufacturer HTC for $1.1 billion (roughly Rs. 7,092 crores) to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services.The deal announced Thursday underscores how serious Google is becoming about designing its own family of devices to compete against Apple and Amazon in a high-stakes battle to become the technological hub of people's lives.Over the past decade, Google had focused on giving away its Android operating system to an array of device makers, including Taiwan's HTC, to ensure people would keep using its ubiquitous search engine, email, maps, YouTube video service and other software on smartphones and other pieces of hardware.But that changed last year when Google stamped its brand on a smartphone and internet-connected speaker. HTC manufactured the Pixel phones that Google designed last year, perhaps paving the way for this deal to unfold.Although Android powers abou..

    Google to Buy Part of HTC’s Smartphone Operations for $1.1 Billion

    Google is biting off a big piece of device manufacturer HTC for $1.1 billion (roughly Rs. 7,092 crores) to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services.The deal announced Thursday underscores how serious Google is becoming about designing its own family of devices to compete against Apple and Amazon in a high-stakes battle to become the technological hub of people's lives.Over the past decade, Google had focused on giving away its Android operating system to an array of device makers, including Taiwan's HTC, to ensure people would keep using its ubiquitous search engine, email, maps, YouTube video service and other software on smartphones and other pieces of hardware.But that changed last year when Google stamped its brand on a smartphone and internet-connected speaker. HTC manufactured the Pixel phones that Google designed last year, perhaps paving the way for this deal to unfold.Although Android powers abou..
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  • The Flipkart Big Billion Days sale started on Wednesday with huge discounts on a wide range of products, especially electronics. The Flipkart offers on mobile phones went live a day later, with the lowest prices on iPhone 7, iPhone 6s, MacBook Air (which were all matched by Amazon India in its own sale), as well as great deals on smartphones Samsung Galaxy S7 and Huawei P9, along with a number of budget handsets. Now the company has come out with a statement that claims it has sold 1.3 million smartphones in the first 20 hours of the sale. It says this is twice the number of smartphones the platform sold during the same time-frame of last year's Big Billion Days sale. The company also said the numbers sold this time is three times that of the nearest competitor."These numbers reinforce our position as the absolute leader in smartphones. What Flipkart offers - the latest phones, the large number of exclusives, affordability measures like No Cost EMI, Buyback Guarantee etc. - are u..

    Flipkart Big Billion Days Sale: Record 1.3 Million Smartphones Sold in First 20 Hours

    The Flipkart Big Billion Days sale started on Wednesday with huge discounts on a wide range of products, especially electronics. The Flipkart offers on mobile phones went live a day later, with the lowest prices on iPhone 7, iPhone 6s, MacBook Air (which were all matched by Amazon India in its own sale), as well as great deals on smartphones Samsung Galaxy S7 and Huawei P9, along with a number of budget handsets. Now the company has come out with a statement that claims it has sold 1.3 million smartphones in the first 20 hours of the sale. It says this is twice the number of smartphones the platform sold during the same time-frame of last year's Big Billion Days sale. The company also said the numbers sold this time is three times that of the nearest competitor."These numbers reinforce our position as the absolute leader in smartphones. What Flipkart offers - the latest phones, the large number of exclusives, affordability measures like No Cost EMI, Buyback Guarantee etc. - are u..
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  • Research firm Armis has taken the lid of a malicious new attack that potentially makes as many as 5.3 billion devices across platforms vulnerable to malware. This attack vector uses Bluetooth to infect devices with malware without being detected by the victim, and can affect Windows, Linux, Android, and iOS devices alike. The researchers have informed Microsoft, Google, Linux, and Apple about the new 'BlueBorne' attack, and some of these companies have even rolled out patches for it.BlueBorne is particularly dangerous because it doesn't require a URL link to open, or a file to download, or for the device to even be on the Internet to be infected by malware. It spreads locally via Bluetooth, and the hacker does not need to pair with the device to infect it. The only pre-condition is that Bluetooth needs to be turned on, and then the hacker can easily connect to the device, take control, and spread malware, all of this without ever letting the user know that his device is..

    BlueBorne Uses Bluetooth to Spread Malware, Can Potentially Infect 5.3 Billion Devices Globally: Report

    Research firm Armis has taken the lid of a malicious new attack that potentially makes as many as 5.3 billion devices across platforms vulnerable to malware. This attack vector uses Bluetooth to infect devices with malware without being detected by the victim, and can affect Windows, Linux, Android, and iOS devices alike. The researchers have informed Microsoft, Google, Linux, and Apple about the new 'BlueBorne' attack, and some of these companies have even rolled out patches for it.BlueBorne is particularly dangerous because it doesn't require a URL link to open, or a file to download, or for the device to even be on the Internet to be infected by malware. It spreads locally via Bluetooth, and the hacker does not need to pair with the device to infect it. The only pre-condition is that Bluetooth needs to be turned on, and then the hacker can easily connect to the device, take control, and spread malware, all of this without ever letting the user know that his device is..
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  • Japan's Toshiba is locked in last minute discussions over "key issues" with the would-be buyers of its $18 (roughly Rs. 1,14,817 crores) billion memory chip business led by US private equity firm Bain, potentially delaying a formal agreement on the sale.Toshiba said on Wednesday it had agreed to sell the prized unit to the Bain consortium, and had been expected to formalise the sale on Thursday.Instead, South Korea's SK Hynix, part of the winning consortium, said talks were still ongoing. Sources familiar with the matter confirmed consortium members were still wrangling over details of their agreement and said commitment letters from all participants were still needed before the sale could be signed formally."There are some key issues still to be agreed upon in the content approved by Toshiba's board," the South Korean chipmaker said in a statement, adding that it would continue talks.Toshiba and Bain did not immediately reply to a request for comment.Adding to unce..

    Toshiba, Keen to Seal $18 Billion Chips Sale, Wrestles With Last-Minute Delays

    Japan's Toshiba is locked in last minute discussions over "key issues" with the would-be buyers of its $18 (roughly Rs. 1,14,817 crores) billion memory chip business led by US private equity firm Bain, potentially delaying a formal agreement on the sale.Toshiba said on Wednesday it had agreed to sell the prized unit to the Bain consortium, and had been expected to formalise the sale on Thursday.Instead, South Korea's SK Hynix, part of the winning consortium, said talks were still ongoing. Sources familiar with the matter confirmed consortium members were still wrangling over details of their agreement and said commitment letters from all participants were still needed before the sale could be signed formally."There are some key issues still to be agreed upon in the content approved by Toshiba's board," the South Korean chipmaker said in a statement, adding that it would continue talks.Toshiba and Bain did not immediately reply to a request for comment.Adding to unce..
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  • The Flipkart Big Billion Days sale has started, with deals on TVs, smartwatches, and accessories. However, if you are looking to buy a smartphone, you will have to wait a day as the Flipkart offers on mobile phones go live at 12am on Thursday. But that doesn't mean you can't check out the Flipkart offers on mobiles to decide which one suits your requirements and budget the best. The e-commerce brand has revealed the deals it will provide on smartphones, and among the most attractive offers is the Rs. 16,010 discount on Samsung Galaxy S7 and Rs. 25,000 discount on the Huawei P9 smartphones. There will also be the "lowest prices on all iPhone models," the company says.Apart from these, there will be exclusive launches, exchange discounts, no cost EMIs, and Buyback Guarantee to make the Flipkart offers more attractive. Along with this, Flipkart and Jio have partnered to offer 60GB of complimentary data to consumers buy 4G LTE handsets from the e-commerce website between Septemb..

    Flipkart Offers on Mobiles Revealed: Big Billion Days Deals on Samsung Galaxy S7, Lowest Prices on iPhones, and More

    The Flipkart Big Billion Days sale has started, with deals on TVs, smartwatches, and accessories. However, if you are looking to buy a smartphone, you will have to wait a day as the Flipkart offers on mobile phones go live at 12am on Thursday. But that doesn't mean you can't check out the Flipkart offers on mobiles to decide which one suits your requirements and budget the best. The e-commerce brand has revealed the deals it will provide on smartphones, and among the most attractive offers is the Rs. 16,010 discount on Samsung Galaxy S7 and Rs. 25,000 discount on the Huawei P9 smartphones. There will also be the "lowest prices on all iPhone models," the company says.Apart from these, there will be exclusive launches, exchange discounts, no cost EMIs, and Buyback Guarantee to make the Flipkart offers more attractive. Along with this, Flipkart and Jio have partnered to offer 60GB of complimentary data to consumers buy 4G LTE handsets from the e-commerce website between Septemb..
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  • With exports rising and imports falling, the Commerce Department released a report on Thursday showing that the U.S. trade deficit narrowed by more than anticipated in the month of August. The Commerce Department said the trade deficit narrowed to $42.4 billion in August from a revised $43.6 billion in July. Economists had expected the trade deficit to narrow to $42.7 billion from the $43.7 billion originally reported for the previous month. The narrower than expected deficit was partly due to an increase in the value of exports, which rose by 0.4 percent to $195.3 billion in August from $194.5 billion in July. Notable increases in exports of pharmaceutical preparations and telecommunications equipment were partly offset by decreases in exports of fuel oil and foods, feeds, and beverages. The report also showed a modest decrease in the value of imports, which edged down by 0.1 percent to $237.7 billion in August from $238.1 billion in July. Imports of industrial supplies and mat..

    U.S. Trade Deficit Narrows More Than Expected To $42.4 Billion

    With exports rising and imports falling, the Commerce Department released a report on Thursday showing that the U.S. trade deficit narrowed by more than anticipated in the month of August. The Commerce Department said the trade deficit narrowed to $42.4 billion in August from a revised $43.6 billion in July. Economists had expected the trade deficit to narrow to $42.7 billion from the $43.7 billion originally reported for the previous month. The narrower than expected deficit was partly due to an increase in the value of exports, which rose by 0.4 percent to $195.3 billion in August from $194.5 billion in July. Notable increases in exports of pharmaceutical preparations and telecommunications equipment were partly offset by decreases in exports of fuel oil and foods, feeds, and beverages. The report also showed a modest decrease in the value of imports, which edged down by 0.1 percent to $237.7 billion in August from $238.1 billion in July. Imports of industrial supplies and mat..
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