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Infosys posts 5% net-profit rise, raises outlook

2015-07-21 08:17:13| IT Services - Topix.net

Infosys Ltd. on Tuesday reported a 5% rise in its net profit in the first quarter, driven by higher revenues from its traditional outsourcing services. India's second-largest software exporter by sales said net profit in the three months ended June 30 stood at 30.30 billion rupees , compared with 28.86 billion rupees a year earlier.

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Vroom raises $54M to de-sleaze and speed up online used car sales

2015-07-20 13:55:49| Auto Dealers - Topix.net

Vroom, a two-year-old startup that sells used cars online without haggling on price, announced today a $54 million Series B funding round that will allow it to expand the business, and start delivering cars nationally within 24 hours of orders being placed. The investors in the New York City and Dallas-based company include Catterton, General Catalyst Partners, and T. Rowe Price Associates, with individual investors Jeffery Boyd , chairman and former CEO of The Priceline Group, and Bob Mylod , former chief financial officer of The Priceline Group joining in.

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2015 Black & White Ball Raises $326,000 for Milwaukee Urban League

2015-07-18 13:01:19| Automakers - Topix.net

The Milwaukee Urban League's 30th Anniversary Black & White Ball proved to be a fun-filled night with more than $326,000 raised for the League's programs. A record-breaking 21 major sponsors provided substantial support for this year's event, which welcomed a crowd of more than 800 guests.

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McCain raises concerns about possible China bid for Micron Tech

2015-07-16 00:19:07| Semiconductors - Topix.net

Republican U.S. Senator John McCain on Wednesday raised concerns about the potential national security implications of a proposed bid by China's Tsinghua Unigroup Ltd's [TSHUAA.UL] to acquire U.S. chip maker Micron Technology Inc, and called for a thorough U.S. review. "I am concerned by the potential national security implications of a planned bid by a Chinese state-owned enterprise for Micron Technology, the last major American manufacturer of memory chips," the head of the Senate Armed Services Committee said in response to a query from Reuters.

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McCain raises concerns about possible China bid for Micron Tech

2015-07-16 00:02:23| Electronics - Topix.net

Republican U.S. Senator John McCain on Wednesday raised concerns about the potential national security implications of a proposed bid by China's Tsinghua Unigroup Ltd's [TSHUAA.UL] to acquire U.S. chip maker Micron Technology Inc, and called for a thorough U.S. review. "I am concerned by the potential national security implications of a planned bid by a Chinese state-owned enterprise for Micron Technology, the last major American manufacturer of memory chips," the head of the Senate Armed Services Committee said in response to a query from Reuters.

Tags: china tech bid concerns

 

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