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Fashion Retailer New Look Pulls Out of China

Fashion Retailer New Look Pulls Out of China

UK fashion chain New Look reached a deal with creditors in the UK to shut its domestic stores during March and announced this week it will close all retail operations across China as part of the company’s wider review of international... 
Co-Founder of Microsoft and Philanthropist Paul Allen Dies

Co-Founder of Microsoft and Philanthropist Paul Allen Dies

Paul Allen the Microsoft co-founder died from non-Hodgkin’s lymphoma on Monday. Jody, Allen’s sister, called him a remarkable person on every level. In a prepared statement Allen’s sister said that while most knew Paul as a philanthropist... 
Titans in the Tech World Battle on Twitter Over Homeless Funding

Titans in the Tech World Battle on Twitter Over Homeless Funding

Two big tech titans feuded Friday on social media over what is the best way to help the country’s homeless, a population that continues to grow across the U.S. in large cities. Founder of Salesforce Marc Benioff tweeted support for... 
CFO at Square Stepping Down, Shares Plunge 8%

CFO at Square Stepping Down, Shares Plunge 8%

Square, the payment company, announced on Wednesday that its CFO Sarah Friar would step down to take the CEO position at Nextdoor. Shares of the company, run by Jack Dorsey the CEO at Twitter, fell by up to 8% in trading afterhours. Square... 
Netflix Buying New Mexico Production Studio

Netflix Buying New Mexico Production Studio

Netflix has announced that it is planning to acquire ABQ Studios located in Albuquerque, New Mexico. The acquisition will be the first studio for Netflix and will create its production hub where movies such as Sicario, The Avengers... 
Two 22-Year Olds Build Billion-Dollar Business in Two Years

Two 22-Year Olds Build Billion-Dollar Business in Two Years

When Pedro Franceschi and Henrique Dubugras met just over five years ago, they became inseparable over the mutual frustrations of having strict mothers that did not understand their ambitious and the love of coding. The fears their... 
Toyota and SoftBank Want Self-Driving Cars to Change the World

Toyota and SoftBank Want Self-Driving Cars to Change the World

Toyota and SoftBank want the transportation world to be changed through autonomous vehicles as well as other technologies. The two high-profile Japanese based companies have formed a new joint venture known as Monet to develop their... 
Bill Giving U.S. Power to Sue OPEC Drawing Interest

Bill Giving U.S. Power to Sue OPEC Drawing Interest

With the prices of oil reaching highs of four years, long ago dormant proposals allowing the U.S. to sue OPEC nations have been getting new looks on Capitol Hill, though they at one time were considered a longshot of becoming law. On... 
Security Breach at Facebook Exposes 50 Million Accounts

Security Breach at Facebook Exposes 50 Million Accounts

Facebook, which is already facing heavy scrutiny over the way it handles its users’ private data, said Friday that its computer network had been hit by a cyberattack that resulted in exposing personal information for close to 50... 
Former Employee at Goggle Warns of China Plans

Former Employee at Goggle Warns of China Plans

An ex-employee at Google warned of the company’s disturbing plans for China, in a letter addressed to lawmakers in the U.S. Jack Poulson resigned from Google last month, but before resigning he was a senior researcher with the company... 
Co-Founders of Instagram Stepping Down

Co-Founders of Instagram Stepping Down

Mike Krieger and Kevin Systrom, the co-founders of Instagram resigned and are leaving the company in the next few weeks, which adds to the challenges facing Facebook, the parent company of Instagram. Systrom, the CEO at Instagram,... 
Adobe Buys Marketo in $4.75 Billion Deal

Adobe Buys Marketo in $4.75 Billion Deal

Last week rumors swirled over whether Adobe would buy Marketo. On Thursday the rumors became reality as Adobe announced the acquisition of the marketing automation business for a price tag of $4.75 billion. Vista Equity Partners purchased... 
United Airlines Launching New Process for Boarding

United Airlines Launching New Process for Boarding

Airlines love full flights but overcrowding at terminal gates is a side effect the airlines are not happy with. United Airlines announced that its customers complained about the groups of passengers in and around its different gates.... 
Facebook Will Start Fact-Checking Photos and Videos

Facebook Will Start Fact-Checking Photos and Videos

As it attempts to eliminate fake news across social media, Facebook will expand its efforts of fact-checking in 17 nations to include both photos as well as videos to go along with the articles that are already being checked, said... 
Amer Sports Offered $5.3 Billion for Wilson Sporting Goods

Amer Sports Offered $5.3 Billion for Wilson Sporting Goods

Amer Sports, the sports equipment maker based in Finland, has been approached with a takeover bid of €4.6 billion or $5.3 billion by Anta Sports based in China and FountainVest a private equity firm. If the deal were to be completed,... 
Amazon Allows Indians to Shop in Hindi

Amazon Allows Indians to Shop in Hindi

Amazon has gone beyond just English in one of the hottest markets for Internet in the world. This week the tech giant unveiled its version of a mobile website and app for Android in Hindi, which is the most popular language used in... 
Nike Makes Colin Kaepernick the Face of Its New Campaign

Nike Makes Colin Kaepernick the Face of Its New Campaign

Former NFL quarterback Colin Kaepernick, who inspired the protest movement of NFL players, but who has not played in the NFL for over a year, signed a multiyear contract with Nike making him the face of the sports apparel maker’s... 
U.S. Government Paying Aid of $4.7 Billion to Farmers

U.S. Government Paying Aid of $4.7 Billion to Farmers

The U.S. Department of Agriculture said Monday that its new farm aid package includes direct payments of $4.7 billion to farmers that will help to offset the losses from the retaliatory tariffs placed on American exports the last few... 
Xiaomi Posts Profit of $2 Billion for First Earnings Since IPO

Xiaomi Posts Profit of $2 Billion for First Earnings Since IPO

Last month Xiaomi went public and on Wednesday posted a profit of over $2 billion in the first earnings the smartphone maker has reported since its IPO. The China based smartphone maker earned 14.5 billion yuan or $2.1 billion for... 
U.S. Tariffs Create Dark Cloud Over Launch of Solar Electronics by Huawei

U.S. Tariffs Create Dark Cloud Over Launch of Solar Electronics by Huawei

The upcoming launch by Huawei Technology in the U.S. of solar panel control device is likely to collide with the new White House administration tariffs placed on electronics from China, which will undermine a new product analysts have... 
Uber’s Loss Narrows as Growth Continues

Uber’s Loss Narrows as Growth Continues

A little over one year has passed since Uber’s then-CEO Travis Kalanick was forced out and this week the ride-hailing company posted new financials that showed continued growth with narrowing losses as it marches toward a possible... 
McDonald’s to Add Table Service and Ordering Kiosks at 550 California Locations

McDonald’s to Add Table Service and Ordering Kiosks at 550 California Locations

McDonald’s Corp along with franchisees are planning to spend as much as $390 million to update 550 of their restaurants in California with the changes being completed by the end of 2019. McDonald’s will modern dining rooms, install... 
Dropbox Shares Fall Despite Street Beat

Dropbox Shares Fall Despite Street Beat

On Thursday, Dropbox announced that its COO Dennis Woodside was stepping down and his successor is not being named yet. Dropbox stock rose initially and then dropped by over 10% after it also released earnings that were better than... 
Apple Tells U.S. Lawmakers that iPhones Are Not Listening

Apple Tells U.S. Lawmakers that iPhones Are Not Listening

Apple Inc. on Tuesday told lawmakers in the U.S. that its popular iPhones are not listening to users without consent and are not allowing third-party apps to do that either. This came after lawmakers asked Apple if the users’ privacy... 
DowDupont: Higher Costs for Raw Materials for Remainder of 2018

DowDupont: Higher Costs for Raw Materials for Remainder of 2018

DowDupont announced that it is expecting higher costs for raw materials will hit all units it has for the remainder of this year, even as an increase in its agriculture business was able to help the chemicals producer, based in the... 
MoviePass Increases Prices and Cuts Blockbuster Access

MoviePass Increases Prices and Cuts Blockbuster Access

To remain alive MoviePass has had to make dramatic changes. The service, which allows its subscribers to see one movie per day at the theater, has increased the price for its standard plan to $14.95 per month from $10. The change takes... 
Heineken Reduces Forecast for Full-Year Margin

Heineken Reduces Forecast for Full-Year Margin

Heineken NV, the second largest beer maker in the world cut its full-year margin guidance Monday after it posted earnings for the first six months that fell short of market expectations. The Heineken lager, Sol, Tiger and Strongbow... 
Amazon Revenue Comes Up Short, Earnings More Than Double Expectations

Amazon Revenue Comes Up Short, Earnings More Than Double Expectations

Amazon posted a big profit beat but came up just short on revenue for its earnings during the second quarter that were released on Thursday. Amazon shares were up 3% during extended trading. Amazon’s earnings per share reached $5.07... 
Former CEO at Fiat Chrysler Sergio Marchionne Dead at 66

Former CEO at Fiat Chrysler Sergio Marchionne Dead at 66

The former CEO of Fiat Chrysler Sergio Marchionne, who was the architect of the dramatic turnaround of the automaker, has died. Marchionne was 66. A holding company of Fiat’s founding family, the Agnelli’s, Exor NV conformed on... 
Comcast Drops Bid to Acquire 21st Century Fox

Comcast Drops Bid to Acquire 21st Century Fox

On Thursday, Comcast announced that it was dropping its attempt to acquire assets of 21st Century Fox that it was in a bidding battle over with Disney. Comcast’s last bid was for $65 billion to acquire Fox’s movie studio that has... 
Johnson & Johnson to Fight $4.7 Billion Court Decision

Johnson & Johnson to Fight $4.7 Billion Court Decision

Johnson & Johnson is hugely dissatisfied and upset over the decision made by jury that its products cause cancer; a verdict that they think is not true. A jury in Missouri ordered that $4.69 billion be paid to 22 women, claimed... 
New Amazon Center Near Airport To Help Create About 1,500 Jobs

New Amazon Center Near Airport To Help Create About 1,500 Jobs

The unanimous vote by council towards the approval of a $13.4 million in road infrastructure reimbursements for the next distribution center of Amazon is being seen by many as a progressive move. The voting was conducted on Monday... 
Founder of Papa John’s Steps Down as Chairman After He Used N-Word

Founder of Papa John’s Steps Down as Chairman After He Used N-Word

The founder of pizza chain Papa John’s stepped down as it chairman of the board after apologizing for using a racial slur during a May conference call. The resignation by John Schnatter has come months after he quit as the company’s... 
Twitter Shares Sink Due to Fake Accounts Being Suspended

Twitter Shares Sink Due to Fake Accounts Being Suspended

Twitter stock dropped as much as 9% when it was reported that the company increased its suspension of fake accounts. Washington has wanted the microblogging company, to eliminate fake accounts, and now Wall Street has become anxious... 
Australian Think Tank Says China’s Huwai Is Largest Corporate Sponsor For Politicians’ International Trips

Australian Think Tank Says China’s Huwai Is Largest Corporate Sponsor For Politicians’ International Trips

Australian Strategic Policy Institute (ASPI)’s think tank says that the Chinese Huwai is the largest sponsor for the country’s politicians’ overseas trips as compared to other corporate companies in the world. As per reports,... 
Intel Shares Dip As Company CEO Resigns Over Past Consensual Relationship With Employee

Intel Shares Dip As Company CEO Resigns Over Past Consensual Relationship With Employee

Intel shares plummeted after the company’s CEO Brian Krzanich resigned over his consensual relationship with an employee in the past. As per the latest reports, the shares were down 2.3% to $52.24. Incidentally, Krzanich has also... 
Daimler Cuts Off Profit Forecasts In Wake Of Rising Trade Tensions Between U.S. & China 

Daimler Cuts Off Profit Forecasts In Wake Of Rising Trade Tensions Between U.S. & China 

Daimler, the German luxury carmaker recently announced cut-offs in its profit forecast due to the rising trade tensions between China and the U.S. The company took this step because it believes that the Chinese government will slap... 
Apple Australia Fined $6.6 Million For Bricking iPhones

Apple Australia Fined $6.6 Million For Bricking iPhones

Australia’s federal court has fined Apple $6.6 million over the bricking of iPhones two years ago. The Australian Competition and Consumer Commission had filed the lawsuit following the smartphone-bricking error which disabled devices... 
Acquisition Of Genworth By China Oceanwide Approved By The U.S. National Security

Acquisition Of Genworth By China Oceanwide Approved By The U.S. National Security

A U.S. national security panel has approved the buyout of Genworth Financial Inc by China Oceanwide Holdings Group Co for $2.7 billion. In a statement issued by Genworth, the Committee on Foreign Investment in the U.S, which is tasked... 
Microsoft Is Considering A Joint Marketing Partnership With Github

Microsoft Is Considering A Joint Marketing Partnership With Github

Plans are underway to have Microsoft buyout Github; a software developer platform. A report by CNBC indicates that the two have been in progressive talks of acquisition. The deal valued at around $35 million will take the duo into... 
Apple Files European Patent For New, Flexible MacBook Pro

Apple Files European Patent For New, Flexible MacBook Pro

Apple has filed for patent to allow for manufacture of laptops using rigid material with a flexible portion at the midpoint so that the device can be folded into half hence it can act as a MacBook clamshell. The European Patent Office... 
Visa Partners With Yellow Pepper In A Bid To Have Firm Hold On Latin American Market

Visa Partners With Yellow Pepper In A Bid To Have Firm Hold On Latin American Market

In a move aimed at strengthening its hold on the Latin American market, Visa has announced that it is partnering with YellowPepper, one of the leading providers of mobile payment services in the region. The investment is aimed at accelerating... 
Alberto Causes Exxon Mobil,Royal Dutch and Chevron to Scale Down Output

Alberto Causes Exxon Mobil,Royal Dutch and Chevron to Scale Down Output

In what could be termed as responding to an emergency, oil companies in the US Gulf Coast have started moving many of their workers retaining only those that are deemed very crucial. This is in response to the Subtropical Storm Alberto... 
U.S. Supreme Court Rules In Favor Of Sports Betting Nationwide

U.S. Supreme Court Rules In Favor Of Sports Betting Nationwide

The state of New Jersey was handed a win by the U.S. Supreme Court after a ruling which now allows states to legalize sports betting both for professional and college sports. In the ruling a law which was passed by Congress in 1992... 
Top Executives At Toys R Us To Leave Before Winding Down Is Complete

Top Executives At Toys R Us To Leave Before Winding Down Is Complete

Reports indicate that the chief executive officer of Toys R Us, David Brandon, as well as other C-suite executives are leaving the troubled company early. Brandon provoked a bankruptcy trustee’s ire for receiving a retention bonus... 
Facebook To Launch Its Own Cryptocurrency?

Facebook To Launch Its Own Cryptocurrency?

Social media giant Facebook has created a new internal group dedicated to exploring blockchain technology. This has led to speculation that the social media giant is looking to launch its own virtual currency. Further reinforcing this... 
Novartis’ MS Drug Now Allowed For Use In Pediatric Patients

Novartis’ MS Drug Now Allowed For Use In Pediatric Patients

Gilenya, the multiple sclerosis drugs of Novartis which is prescribed for adults, has now been allowed by the Food and Drug Administration for use in adults. According to the Food and Drug Administration Gilenya is the first drug used... 
Inquiry Ordered Into Chevron’s Gorgon Project Over Carbon Capture

Inquiry Ordered Into Chevron’s Gorgon Project Over Carbon Capture

An inquiry has been ordered by the government of Western Australia State into the liquefied natural gas project of Chevron following delays in the burying of carbon dioxide emissions. It is understood that the conditions placed on... 
Tesla Has A Massive Cash Burn Rate

Tesla Has A Massive Cash Burn Rate

According to Bloomberg the amount of cash that electric car maker Tesla is burning in a minute is $6,500. While the motor vehicle manufacturing sector is a cash-intensive business Tesla is in a class of its own since it hasn’t recorded... 
Marriott Vacations Reaches Agreement To Acquire ILG

Marriott Vacations Reaches Agreement To Acquire ILG

Marriott Vacations Worldwide has reached an agreement to acquire ILG at a price of around $4.7 billion. The deal will involve both cash and stock and will result in the biggest luxury brand with regards to timeshare vacation resorts....