Bloomberg Amazon.com Inc. has partnered with General Motors Co. and Volvo Cars to deliver packages to car trunks in 37 US cities, as the e-commerce giant seeks new delivery methods for customers who may be wary of leaving packages outside or allowing couriers into their homes. The app-based service, which lets car owners provide delivery agents with keyless access to ...
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Alibaba gets its smart assistant into Chinese Mercedes, Audis
Bloomberg Alibaba Group Holding Ltd. is getting its digital assistant into Mercedes-Benzes, Audis and Volvos in China, enlisting a clutch of global automakers in an effort to popularise the year-old technology for everything from shopping to home security. Daimler AG, Volkswagen AG and Zhejiang Geely Holding Group Co.’s Volvo join some 100 brands Alibaba says it’s partnered with. The Chinese ...
Read More »IBM’s blockchain tech to track jewels from mine to retail stores
Bloomberg International Business Machines Corp., a group of four gold and diamond industry companies and an independent laboratory are developing a blockchain network for tracing the provenance of finished pieces of jewelry from mine to store. The TrustChain Initiative, which will run on IBM’s technology, includes precious-metals refiner Asahi Refining, US jewellery retailer Helzberg Diamonds, precious-metals supplier LeachGarner, jewellery-maker the ...
Read More »US presses China over IP concerns amid tariff dispute
Bloomberg The US issued a new warning to China on its handling of intellectual property as President Donald Trump prepares to dispatch senior advisers to the Asian nation to head off a trade dispute. The US Trade Representative’s office kept China on its “priority watch list†of countries whose IP practices require monitoring. China has an “urgent need†to fix ...
Read More »Honda profit forecast falls short on yen appreciation
Bloomberg Honda Motor Co., which until last year was the fastest-growing car brand in China, gave a full-year profit forecast that trailed analysts’ estimates on a stronger yen as it halted sales of its popular CR-V crossover in the world’s largest vehicle market. Operating profit will probably fall to 700 billion yen ($6.4 billion) in the year ending March 2019, ...
Read More »ZTE fails to address US sanctions as it says earnings surged
Bloomberg ZTE Corp. reported its earnings have surged, without addressing the impact of US sanctions that threaten to derail its crucial global expansion into next-generation telecoms networking. The second-largest Chinese telecom gear maker, which had delayed its results release by a week to digest a seven-year ban on purchasing American components, didn’t offer an update on the crisis. Instead, the ...
Read More »India nears power success, but millions still in the dark
Bloomberg Prime Minister Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen. Rural electrification became a cornerstone of the prime minister’s plan, which included connecting more than 18,000 villages by the end of this month. And with only a few left to be electrified, according to government data, ...
Read More »T-Mobile, Sprint near telecom merger deal worth $24 billion
Bloomberg T-Mobile US Inc. and its German owners are advancing towards a long-awaited telecommunications union that would value merger partner Sprint Corp. at about $24 billion, according to people with knowledge of the matter. Under the terms being discussed, T-Mobile backer Deutsche Telekom AG would receive a 42 percent stake and 69 percent voting interest in the combined company, said ...
Read More »Fuji takeover of Xerox temporarily blocked
Bloomberg Xerox Corp.’s plan to sell itself to Japanese rival Fujifilm Holding Corp. was temporarily blocked by a New York judge who determined the chief executive officer behind the deal was trying to preserve his own job. Investor Darwin Deason sued to block the transaction, accusing CEO Jeffrey Jacobson of acting without authorisation to strike a deal with Fujifilm that ...
Read More »J&J pushes court to toss $151mn hip verdict
Bloomberg Johnson & Johnson persuaded an appeals court to throw out a $151 million award against the company over its Pinnacle artificial hips in a ruling that will affect thousands of lawsuits over the devices. A judge’s error in allowing hip recipients’ lawyers to use “highly prejudicial†evidence about bribes paid by officials of J&J units in their 2016 case ...
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