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Biggest African takeover of a U.S. firm

Steinhoff International is buying Mattress Firm (MFRM) for $2.4 billion in the biggest ever African buyout of an American company. The cash offer will see investors double their money overnight. South Africa-based Steinhoff is paying $64 per share for Mattress Firm. Stock in the big-box retailer, which owns Sleepy’s and Sleep Train, closed at $29.75 on Friday. Steinhoff operates a ...

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Randstad to Acquire Monster Worldwide To Transform The Way People And Jobs Connect

Randstad Holding a leading human resources services provider, and Monster Worldwide, Inc., a global leader in connecting jobs and people, announced the signing of a definitive agreement under which Randstad will acquire Monster. According to the agreement, Randstad will pay $3.40 per share in cash, or a total purchase price of approximately $429. With this new step, Randstad intends to build the world’s ...

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Macedonia: 21 die in flash floods, declares emergency

SKOPJE: on Sunday, Macedonia declared a state of emergency in the capital Skopje and neighboring districts after 21 were killed in flash floods caused by a storm. Late on Saturday evening, heavy rain flooded homes and swept away section of the ring road around Skopje and broken down cars. Northern border and center of the city hard hit with flash ...

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Pakistan: In blast 70 killed and 35 injured in the Quetta hospital

Karachi: On Monday, in bomb attack at least 25 people were killed and 35 others injured in the Quetta hospital in Balochistan region Pakistan followed by gunfire. The loud explosion was takes place behind president of Balochistan Bar Association (BA). Advocate Bilal Anwar Kasi was shot dead by unidentified attacker in the regional capital. The bomb exploded as lawyers brought ...

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Volcano is with a wireless hot spot

An energy company, an explorer and the local government are coming together to install a network of around 80 Wi-Fi sensors inside the Masaya volcano, Nicaragua. The idea is to create an early warning. Located just outside of Nicaragua’s capital city Managua, the active volcano is a test case for other early detection systems. Each sensor will gather environmental information ...

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The world’s first website went online 25 years ago

On 6th August, 25 years ago the world’s first website went live to the public. The site, created by Sir Tim Berners-Lee, was a basic text page with hyperlinked words that connected to other pages. Berners-Lee used the public launch to outline his plan for the service, which would come to dominate life in the twenty-first century. He wanted the ...

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South Africa: ANC facing denial from urbanites over poor services

PRETORIA: ANC South Africa’s ruling party facing worst electoral performance since coming to power two decades ago, it is on the edge to lose power of the key metropolitan area in the refusal of the increasing anger of the jobless people and lack of basic amenities. The African National Congress (ANC) has fall in the eyes of urban residents whose ...

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Xiaomi launches its first VR headset

Chinese electronics company Xiaomi often called “China’s Apple” has unveiled its first virtual reality (VR) headset as it joins the ranks of HTC and Samsung in attempting to gain a foothold in the nascent market. The Mi VR Play will support a wide range of 4.7- to 5.7-inch smartphones that will be secured in the headset by a two-way zipper. ...

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A company is being paid to kill Pokemon

Citing a concern that Pokemon Go players are wandering into private land and near electrical equipment, power utility companies in Florida have hired cyber security company named Looking Glass to pull Pokemon off the map. The CEO of the company said eight companies have asked Looking Glass to alter the game’s code to eliminate the little creatures from restricted areas. ...

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Nike to stop selling golf equipment

According to the media reports, Nike will stop selling golf clubs, balls and bags after years of falling sales at its golf division. But the company said it would “accelerate innovation” in golf footwear and clothes. Nike invested huge amount in golf during the late 1990s with its sponsorship of Tiger Woods, giving him his first five-year contract in 1996, ...

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