Other News

E-Tranzact appoints Niyi Toluwalope as MD
Big Business

E-Tranzact appoints Niyi Toluwalope as MD

Payment processing company, E-Tranzact Plc said it has appointed Mr. Niyi Toluwalope as its Managing Director. The company said Mr. Valentine Obi will be stepping down from the position. It would be recalled that the Central Bank of Nigeria, CBN, had ordered that Mr. Valentine Obi steps down from the […]

Stacy Cunningham becomes first NYSE female President
Global

Stacy Cunningham becomes first NYSE female President

The New York Stock Exchange has named Stacy Cunningham as its first female leader in the history of the 226-year-old exchange. The parent company of the NYSE, Intercontinental Exchange Inc., confirmed that Stacey Cunningham will become the 67th president after she replace Thomas Farley, who has served in that role […]

Shell Shareholders approve CEO Pay by 75 percent
Energy

Shell Shareholders approve CEO Pay by 75 percent

Royal Dutch Shell shareholders have approved the 2017 management remuneration, including Chief Executive Officer Ben van Beurden’s EUR8.9 million ($10.51 million) package, by a majority of 75 percent, Reuters reports. The 2016 remuneration resolution won the support of more than 92 percent of shareholders. Board member Gerard Kleisteree, who heads […]

BP invests in ultra-fast charging battery company StoreDot
Energy

BP invests in ultra-fast charging battery company StoreDot

BP said it is has invested in Israel-based company, StoreDot, towards the development of ultra-fast charging batteries. BP believes that ultra-fast charging will be key in accelerating the adoption of EVs worldwide. Tufan Erginbilgic, chief executive, Downstream, said: “Ultra-fast charging is at the heart of BP’s electrification strategy. StoreDot’s technology […]

Adobe acquires Magento for $1.68 billion
Tech

Adobe acquires Magento for $1.68 billion

Adobe said it has agreed to acquire Magento Commerce for $1.68 billion. The deal is subject to customary purchase price adjustments. The addition of the Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B and B2C […]

Baidu sells off its DU apps unit
Tech

Baidu sells off its DU apps unit

Baidu said it has entered into definitive agreements with certain investors relating to the divestiture of its global ad and tools business which provides DU ads and tool apps, including Du Caller, Mobojoy, Photo Wonder and DU Recorder. Pursuant to definitive agreements, Baidu will divest a majority equity stake in […]