General Electric Co said on Wednesday it is developing a cloud-based service tailored for industrial customers, the latest step in the U.S. conglomerate's effort to gain business from data generated by machines. GE Chief Executive Jeff Immelt has bet on developing analytics and software for customers of the company's jet engines, power-generating turbines, healthcare equipment and other industrial products.
Read moreBy Arno Schuetze and Alexander Hübner FRANKFURT (Reuters) – Online meal preparation firm HelloFresh is readying a stock market listing this year as it seeks to capitalize on buoyant equities markets and investor appetite for the Internet food market, according to three people familiar with the matter. Majority owner Rocket Internet and co-investors have mandated Morgan Stanley and Goldman Sachs to organize the listing, the sources said.
Read moreDigital shoppers are increasingly starting their product searches on retail marketplace platforms, which allow third-party merchants to sell goods, before looking on an individual retailer’s website, according to a report released on Tuesday by Amazon.com Inc and Pymnts.com.
Read more(Reuters) – Twitter Inc's Rishi Garg, vice president of corporate development and strategy, has resigned from the company to pursue other projects, technology blog Re/code reported, citing a tweet from Garg. Garg, who led the company's mergers and acquisition team, had joined Twitter in May, 2014, according to his LinkedIn profile. This is the second resignation at Twitter's mergers and acquisition team
Read moreBy David Morgan WASHINGTON (Reuters) – Amazon.com, seeking to bolster its efforts to deliver products via drone, said on Tuesday that states and local communities should not be allowed to regulate unmanned aerial systems (UAS) authorized by federal aviation regulators. “Uniform federal rules must apply,” Paul Misener, the e-commerce retailer's vice president for global public policy, said in written testimony released by a U.S. House of Representatives oversight committee ahead of a Wednesday hearing
Read more(Reuters) – Penn State University on Tuesday said it was withdrawing recognition from a fraternity for three years after members were accused of posting pictures they took of mostly undressed women onto private Facebook pages. “The organizational misbehaviors is far more than the University can tolerate from a student organization that seeks its imprimatur,” vice president for Student Affairs Damon Sims said
Read moreBy Aman Shah and Devidutta Tripathy MUMBAI (Reuters) – Infosys Ltd, India's second-largest software services exporter, on Friday posted quarterly net profit that lagged most analyst expectations, dampening hopes of a quick turnaround after top management changes. Bengaluru-based Infosys, once seen as the bellwether of India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a staff exodus that also impacted its ability to win lucrative deals.
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