Business

General Electric cutting 12000 jobs in energy division

General Electric cutting 12000 jobs in energy division

General Electric Company had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. The stock has "Hold" rating by BMO Capital Markets on Thursday, March 23. As per Monday, November 13, the company rating was maintained by Morgan Stanley.


Rolls-Royce suffers fresh wave of troubles with Dreamliner engines

Rolls-Royce suffers fresh wave of troubles with Dreamliner engines

In the most recent incident a 787 was taking off from Auckland when the pilots noticed problems. Provided with the photos taken of the NZ99 engine after it landed back in Auckland, a spokeswoman said: "The cause of these incidents is yet to be determined and this is the role of the Transport Accident Investigation Commission".


CVS Buying Aetna Insurance For $14 Billion

CVS Buying Aetna Insurance For $14 Billion

US drugstore chain operator CVS Health said on Sunday it had agreed to acquire USA health insurer Aetna for $69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies . CVS also recently took over the pharmacy operations at Target. His company provides benefits services for businesses. Bertolini will be on the combined company's board but won't be in charge of Aetna unit.


Uber hacker 'identified' as 20-year old Florida man

Uber hacker 'identified' as 20-year old Florida man

It did not reveal any information about the hacker or how it paid him the money. As per a report by Reuters , the payment to the hacker was made via Uber's bug bounty program hosted by HackerOne . Uber spokesman Matt Kallman declined to comment on the matter. The company also reportedly ensured the data was deleted by undergoing a forensic analysis of the hacker's computer.


Bitcoin Exchange NiceHash Hacked And $64 Million Stolen

Bitcoin Exchange NiceHash Hacked And $64 Million Stolen

NiceHash, a website which offers Bitcoin in exchanges customer's computing power to mine other cryptocurrencies , confirmed that it had suffered a security breach early this morning. Bitcoins are created through a complex computer process known as mining and then monitored by a network of computers across the world. Users can send earned currency in an external wallet, or they can store it in local "secure and insured BitGo Bitcoin deposit wallets" (as described on the NiceHash homepage).


Labrokes Coral in £3.9bn takeover talks with Foxy Bingo owner

Labrokes Coral in £3.9bn takeover talks with Foxy Bingo owner

The merger talks are now on the table only a few months after similar negotiations failed in the summer. However, on that occasion, discussions collapsed because of disagreements over the value of the companies. It started a 12-week consultation to consider cutting the stake to between 50 pounds and 2 pounds, from 100 pounds now. By combining, the two would be better placed to withstand any changes brought in by the government.