June 2019

Private equity firm buying Shutterfly for $1.74 billion

Private equity firm Apollo Global Management is buying online photo publishing company Shutterfly for $51 per share. Apollo will pay $1.74 billion for the 20-year-old company, which became popular offering its users prints and photobooks of their favorite shots. But demand for that type of service has declined as people opt to share photos online

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Raytheon and United Technologies to create a defense giant

Raytheon and United Technologies will join to create a massive aerospace and defense company in a sector that is already rapidly consolidating. The combined company, which will count among its portfolio of weaponry the F-35 fighter jet engines, Patriot and Tomahawk missile systems in addition to space suits and intelligence technology as well as Pratt

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Big data ‘can stop malaria outbreaks before they start’

Image caption Menpaw Mro lost his daughter to malaria A ground-breaking study in Bangladesh has found that using data from mobile phone networks to track the movement of people across the country can help predict where outbreaks of diseases such as malaria are likely to occur, enabling health authorities to take preventative measures. Every year,

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YouTube CEO Apologizes For Standing By Homophobic Videos

YouTube CEO Susan Wojcicki apologized to the LGBTQ community at a tech conference Monday after the company came under fire for not taking action against homophobic content on its video-sharing platform.  “I know that the decision we made was very hurtful to the LGBTQ community, and that wasn’t our intention at all,” Wojcicki said at Vox

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