Shares of Atlas Air Worldwide rose nearly 30 percent Thursday after the company unveiled a new partnership with e-commerce giant Amazon. The stock lost some of its earlier altitude, but ended the day up nearly 27 percent. The air logistics provider said it won a contract to provide support for Amazon’s deliveries. The deal also lets Amazon buy a stake within the company of up to 20 percent at $37.50 a share over five years. “Our agreements with Amazon to provide and to operate 20 Boeing 767-300 converted freighters, in support of the continuing expansion of Amazon’s e-commerce business and…
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Credit Suisse put out a note to clients Wednesday that it called a “one-stop shop for the research team’s best ideas.” With the S&P 500 basically unchanged for the year, the clients could use the help.
BMW has recently rolled out the locally assembled X1 from its plant in Chennai. The SUV was showcased and launched at the 2016 Auto Expo at the start of the year and deliveries are expected to begin this month. Priced at Rs 29.9 lakh (ex-showroom Delhi), the X1 is available in three variants – Expedition, xLine and M Sport. This is the second generation of the X1, which looks quite aggressive and sporty than the outgoing model. It has grown in size, which in turn has liberated some more space inside the cabin. It comes packed with new features and…
Development on self-driving cars has been going on steadily over the past few years and it’s the internet giant Google that has been at the forefront in the attempts to bring this revolutionary technology to reality. Looking to speed things up, Google has now announced that it is developing a self-driving technology development centre in Novi, Michigan. Many of Google’s current partners are based in the proposed new area. It makes sense then to set up a local facility that will help Google collaborate more easily with the local vehicle development and engineering facilities. Google is currently busy setting up…
The Sunrise Calendar app will be sunsetting on August 31, the team behind it announced in a blog post Wednesday. In the next few days, the app will no longer be available from the iOS App Store and Google Play Store. Users will have a few months to keep using it without support, before the company switches off the service at the end of August. This is happening because Microsoft acquired the company behind Sunrise last year and put its team to work on improving Outlook instead. According to the blog post, working on Outlook means the Sunrise team doesn’t…
Viv is an artificial intelligence (AI) platform built by Dag Kittlaus and Adam Cheyer, the creators of the AI behind Apple’s Siri, the most well-known digital assistant in the world. Siri is known for answering questions, like how old Harrison Ford is, and reminding you to buy milk on the way home. Viv, though, promises to go well past that. Earlier this week during an onstage demo at Disrupt NYC, Kittlaus showed off Viv. This created an online buzz about the assistant’s ability to not just answer questions or fire up a timer on a smartphone, but to answer complex…
While we already know that the newly-announced Motorola Moto G Plus will land in Canada by early summer, now we also have some information on the device’s pricing in the country. According to a company spokesperson, the device will carry a price tag of around CAD 400, or around $305. Of course, the carrier variants will be subsidized. Companies including Virgin, Koodo, Telus, Rogers, Wind Mobile, and Sasktel are expected to carry the handset in Canada. Aside from the G4 Plus, the Moto G4 Play is also expected to land in the country, but sometime late summer.
The Galaxy C5, part of the new C series from Samsung, has been leaking a lot lately, and today is no different. The phone has already been spotted in TENAA’s usual low-quality pictures, and also in not one, not two, but three rounds of hands-on images. So you might be wondering how long you have to wait before you see it in official press renders. In turns out there’s no waiting needed anymore, because that’s exactly what’s been leaked today. The renders you can see below show the C5 in gold, being very proud of its all-metal construction. Apparently the…
take a look at out which corporations are making headlines earlier than the bell: Halliburton, Baker Hughes —- the 2 oilfield services giants called off their deliberate $28 billion merger afterrunning into strong competition from regulators who had stated the deal would harm competition. Halliburton pays a $3.five billion breakup charge to Baker Hughes because of the deal’s termination, with Baker Hughes pronouncing it will use the cash to buy back stock and reduce debt. Berkshire Hathaway — Berkshire won’t be out with its quarterly numbers till Friday, however stated at its annual meeting over the weekend that running income…
irst-area profits season wrapped up remaining week for the biggest technology groups, and we’vediscovered a few things. Mark Mahaney and Amit Daryanani, tech analysts at RBC Capital Markets in San Francisco, sat down Friday morning with 10 newshounds to discuss the large issues from income reviews and to make predictions for what’s to come back. (See their scores below.) There are nevertheless plenty of tech groups to announce results, but maximum are smaller. among netnames, Chegg reviews after Monday’s final bell, accompanied with the aid of GrubHub and Overstock.com on Tuesday, Zynga on Wednesday and TripAdvisor, TrueCar and Yelp on…