NEW YORK: Alphabet Inc's Google is picking up a 6.6 per cent stake in ADT Inc for US$450 million, betting on the home security company's strong customer base and an army of technicians to drive sales of its Nest devices. ADT shares nearly doubled to hit a high of US$17.2 and traded well above their IPO price of US$14 for the first time since going public in 2018, briefly valuing the company at about US$13 billion. The investment gives ADT the backing of a high-profile technology partner and broadens its services business. In return, Google gets access to about 6.5 million customers, strengthening its presence as it competes with Amazon.com's Ring and Boston-based SimpliSafe, among others. ADT said on Monday that the two companies would work on ways to package popular Google products like Home Mini, Nest Thermostat and Nest Wifi with ADT's strength in installation and maintenance. "Later this year, we will begin integrating Google devices and make them available for … [Read more...] about Google to buy stake in ADT in home security push for US$450 million
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Survey finds insurance as most preferred financial product to protect family post-Covid
New Delhi: Insurance has become the most-preferred financial product to protect the family against health emergencies post the COVID-19 pandemic with more people inclined to invest in insurance products in the next six months, according to a survey from Tata AIA Life Insurance . According to a consumer confidence survey on the impact of COVID-19 commissioned by research agency Nielsen , life insurance turned out to be the most preferred financial tool driven by the need to secure family's future financially and the concern around medical emergencies. The survey also found that most consumers would like to buy life insurance in the next six months as part of their investment plans. The survey conducted on 1,369 respondents across nine centres revealed that during the pandemic, 51 per cent of the respondents invested in life insurance, while 48 per cent invested in health-related insurance solutions, which is higher than other financial asset classes. More than half … [Read more...] about Survey finds insurance as most preferred financial product to protect family post-Covid
Apple iPad Mini 3: Premium Price for a Not-So-Premium Product
What can I say about the iPad mini 3 that hasn’t already been said? No, seriously, what can I say? Apple’s latest mini is essentially the same product as the first iPad Mini With Retina display with exactly four upgrades, only three of which are significant. Apple’s iPad Mini 3 is exactly the same size and shape as the last model: 7.8 x 5.3 x 0.29 inches. It still features a 2,048 x 1,536 Retina resolution screen, but did not get new screen technology so it's not as thin as the iPad Air 2 . See also: Apple iPad Air 2: Thin, Beautiful and Powerful Its four new features are the Touch ID home button, secure element for Apple Pay, iOS 8.1 and a gold finish option. The last one is only worth mentioning if you care about a gold finish — oh, wait, a lot of people do . Fine. Let’s get this over with. Even though it’s not real gold, the iPad Mini 3 in gold-covered aluminum looks sharp and expensive. You can also choose space gray or white. Still so good The reality is, the … [Read more...] about Apple iPad Mini 3: Premium Price for a Not-So-Premium Product
We’re on mission to increase capacity in wheat production — Nanono
Kindly Share This Story: Partners Crown Flour Mills By Gabriel Ewepu – Abuja As Nigeria seeks ways to be self-sufficient in essential agricultural commodities, the Minister of Agriculture and Rural Development, Muhammad Nanono, weekend, disclosed mission to increase capacity in wheat production. This was contained in a statement signed by Director, Information, Federal Ministry of Agriculture and Rural Development, Theodore Ogaziechi, where the Nanono maintained that government is determined to reduce wheat importation, enhance food security and nutrition, conserve scarce foreign exchange and create jobs for Nigerians. READ ALSO: S’West PDP youths slam Arapaja over attack on Fayose According to him (Nanono) deliberate measures are being put in place to ensure up-scaling of wheat production capacity including provision of quality seeds and distribution of other agricultural inputs to farmers. The Minister noted that with intervention by the … [Read more...] about We’re on mission to increase capacity in wheat production — Nanono
Why Apple Pay Is the Most Secure Payment Platform on the Planet
When Apple Pay officially launched earlier this week with the release of iOS 8.1 , many rushed to local participating retailers to be among the first to use their iPhone 6 or iPhone 6 Plus as a mobile wallet. Early reviews peg it as easy to use and incredibly convenient. But before we herald it as the future of mobile payments — requiring just a tap of your thumb at checkout to pay for items — is it secure to use? After all, massive data breaches happen all the time. Just this month, contact information of 76 million households was compromised in a cyberattack on JP Morgan Chase , and we're all too familiar with the heavily publicized breaches, aimed specifically at credit cards, at Target and Home Depot . See also: Apple Pay: The Real-World Test Despite worries about someone stealing your phone or it being susceptible to hackers, experts say Apple Pay actually adds significant security to your payment transactions, even more than traditional credit cards. … [Read more...] about Why Apple Pay Is the Most Secure Payment Platform on the Planet