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IBM’s purchase of Red Hat Inc is a US$33bil (RM137.90bil) bid aimed at catapulting the company into the ranks of the top cloud software competitors.
Ford Motor Co said it was creating a separate US$4bil unit to house its self-driving vehicle operations and is seeking outside investors, following a similar move in late May by Detroit rival General Motors Co with its Cruise Automation unit.
New innovations, such as solid-state electrolyte lithium-ion (Li-ion) batteries, will replace existing battery technologies over the long-term.
One of China’s most-anticipated initial public offerings next year may be music to the ears of Tencent Holdings Ltd investors because of its potential to drown out any noise Spotify and Apple Music want to make in the biggest market.
Yahoo Inc said it would proceed with the planned spin-off of its stake in Alibaba Group Holding Ltd even though the IRS has declined to rule on whether the transaction would be tax free.
Qualcomm Inc's president Derek Aberle, under pressure from activist hedge fund Jana Partners to improve the licensing and chip design firm's stock performance, sounded a cautionary note about a potential breakup of the company.