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Added on the 09/08/2019 20:36:28 - Copyright : Hewlett-Packard
On Thursday, IBM stock surged. The boost to the stock came after it announced plans to spin off its legacy managed infrastructure business. IBM plans to solely focus on building up its cloud division. The spinoff is expected to be tax-free for IBM shareholders and will be completed by the end of 2021, the company said. "IBM is laser-focused on the $1 trillion hybrid cloud opportunity," IBM CEO Arvind Krishna said. Business Insider reports that IBM also released preliminary third quarter earnings results.
Emergency workers and police officers secure the area around the site where three French flood rescuers were killed in a helicopter crash. The EC145 civil security helicopter was on a rescue mission in southern France where floods have left two dead. IMAGES
Garmin International, Inc., a unit of Garmin Ltd. announced a host of updates that showcase the ongoing growth of its #automotive OEM (original equipment manufacturer) business as well as the robust capabilities of its diverse product lineup. Garmin will unveil the latest upgrades to its world-renowned navigation software, enhancements to its infotainment platforms, a demo exhibiting augmented reality technology, and their current work on integrated cameras and wearable solutions. Garmin will present its automotive OEM products at this year’s Consumer Electronics Show (CES) in Las Vegas.Advancements in Garmin navigation continue moving forward thanks to a slew of new features set to launch as a global OEM solution beginning in 2020. Customers will be able to take advantage of a hybrid navigation system that powers connected vehicles with real-time, cloud-based destination search and routing. In situations where connectivity is not available, the navigation solution utilizes on-board maps and routing to provide an uncompromised navigation experience. Other improvements include intelligent map labeling, and a new intuitive route-shaping feature for custom routes. The platform will also contain the company’s RouteCast Weather system for mile-by-mile route-specific forecasts. In preparation to support upcoming electric vehicle (EV) product launches, Garmin will reveal its latest EV feature set.
JAC-Volkswagen, the new joint venture of Volkswagen Group China and Anhui Jianghuai Automobile Co., Ltd. (JAC) is another example of Volkswagen's customer-focused e-mobility solutions. SOL, the new brand of the joint venture, contributes to the development of the Chinese mobility sector. The joint venture has presented a clear roadmap covering components, connectivity and big data services, electronic payments and research and development. A new agreement with Zhejiang Tmall Technology Company Ltd. will be the basis for an innovative sales model. At the group event, JAC-Volkswagen also presented its first product, the SOL E20X: It is an SUV electric vehicle of the A0 segment with a NEDC range of more than 300 km.
Facebook announced it will buy Instagram. Verizon, Sprint, AT&T and T-Mobile are teaming up with the U.S. FCC to combat phone theft. Sony expects its net loss to be more than double . HP announced it will add a series of open source-based cloud services.