Morning Beat: Ford Motor Company (F), Facebook Inc (FB), and HSBC Holdings plc (ADR) (HSBC)
Ford Motor Company (NYSE:F) has invested $182.2 million in Pivotal, a cloud-based software company. The acquisition should go a long way in enhancing the automaker’s efforts on connectivity, mobility, data, and analytics.
Pivotal is to work with Ford to expand software use as well as analytics and cloud technology on the Product Development and IT teams. Chief information officer Marcy Klevorn is to join the software company’s board as part of the deal.
It is not the first time that Ford Motor Company (NYSE:F) has collaborated the cloud-based company. The two have already developed FordPass that allows cars owners to unlock their cars through mobile devices as well as find local parking spots.
Australia Property website Domain has launched the first Bot on Facebook Inc (NASDAQ:FB) messaging app Messenger. The tool essentially allows users to search properties or get buying guides by simply dropping a location pin into the app.
The bot also allows one to type in a house address straight from the app if one needs additional information about a house on sale. The bot also taps into Domain’s Home Price guide to provide users information such as sale history, rental yield, or photos of a given property.
Domain’s Messenger bot is an example of what brands will be doing in future as they look to target a bigger audience on social networks.
HSBC Holdings plc (ADR)(NYSE:HSBC) believes Sri-Lanka is on a recovery path after the IMF bailed it out last month by injecting $1.5 billion into the economy after its foreign exchange reserves dried up. The investment bank has since upgraded the country’s economy to a ‘positive’ from ‘negative.’
While remaining more bullish about Sri-Lanka’s prospects, HSBC is in the process of reducing its exposure in Vietnamciting a recent rally that has made the market expensive. The bank has since downgraded the frontier market from ‘positive’ to neutral
Vietnam index is currently up by more than 15% and with a lack of near-term catalyst HSBC Holdings plc (ADR) (NYSE:HSBC) says things could get tricky, the pace of reforms in the country having slowed.
Apple Inc. (NASDAQ:AAPL) has launched a new Apple Music plan that specifically targets students. Qualifying students will now be able to pay just $4.99 a month to enjoy a music catalog similar to the one on the $9.99 a month plan.
One must be in an eligible university or college to qualify for the plan Apple Inc. (NASDAQ:AAPL) has inked a partnership with UNiDAYs, which is to verify people who sign up for the plan.
The new plan is rolling out first in the US, the UK, Germany, and Australia. However, there are plans to roll it out in more countries with the pricing set to be different. Subscribers will still be able to enjoy a 50% discount regardless of location.
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