Aug 8 Reuters Home and small business security firm ADT said on Tuesday it will sell its commercial security, fire and life safety unit to private equity firm GTCR for 1.6 billion. ADT expects to use the net proceeds of about 1.5 billion from the deal to cut debt. Its shares rose as much as 1.3 […]

Aug 8 Reuters Walt Disney has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, even as Hollywood writers and actors battle to limit the industry39;s exploitation of the technology. Launched earlier this year, before the Hollywood writers39; strike, the group is looking to develop AI applications inhouse […]

Aug 8 Reuters Emergent BioSolutions on Tuesday decided to cut 400 jobs and scale back operations at some its facilities, pivoting its focus on core products such as overdose reversal nasal spray Narcan and anthrax vaccines. The company said it will reduce operations at Bayview, Baltimore and Canton, Massachusetts, and do away with the chief operating […]

Aug 8 Reuters Britain39;s biggest sportswear retailer JD Sports Fashion said on Tuesday it will acquire the remaining 40 stake it does not own in Marketing Investment Group MIG from the Polish retailer39;s minority shareholders. Financial terms of the deal were not disclosed. JD, which sells Nike, Adidas and other sports fashion ranges primarily to customers […]

TOKYO, Aug 8 Reuters Apple and Samsung Electronics will invest in SoftBank Groupowned chip designer Arm at its initial public offering IPO, expected in September, Japan39;s Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies including Apple, Samsung and Intel  with the aim of bringing on one or more anchor […]

BENGALURU, Aug 8 Reuters Indian bike maker Hero MotoCorp on Tuesday said it received over 25,000 bookings for the world39;s cheapest Harley Davidson motorcycle, sending shares up over 3. The company said 65 of the bookings for the X440 were for the motorcycle39;s topend variant, priced at 269,000 rupees. Hero, the world39;s largest motorcycle maker by […]

Aug 7 Reuters Tesla finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the company veteran of 13 years as a possible successor to CEO Elon Musk. The world39;s largest electric vehicle automaker did not give a reason for the departure. Vaibhav Taneja, 45, replaced Kirkhorn as of Friday and will also retain his […]

LONDON, Aug 8 Reuters Glencore on Tuesday said it remains on the hunt for acquisitions, including a possible partial or full takeover of Canada39;s Teck Resources, even as it slashed shareholder payouts and reported a halving in earnings for the first six months of the year. Glencore joined rival miners Rio Tinto, Teck Resources and Anglo American in […]