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Facebook Fined In Spain Over Privacy Law Breach

Facebook Fined In Spain Over Privacy Law Breach

Spain has slapped $1.4 million fine on Facebook after the data watchdog in the European country found that the social media giant was guilty of breaking privacy laws. According to the data watchdog, the social media giant broke the... 
Snap Inc Downgraded By Analyst Over Growth Fears

Snap Inc Downgraded By Analyst Over Growth Fears

The rating of the stock of Snap Inc has been cut by Deutsche Bank analysts over the fact that despite the disappearing message company’s advertising technology improving, advertiser interest was waning. According to analyst Lloyd... 
Amazon Hunting For A Second Corporate Headquarters

Amazon Hunting For A Second Corporate Headquarters

Amazon has announced that it is looking for a site for its second headquarters. The development of the headquarters which will be known as ‘HQ2’ will cost around $5 billion and will generate approximately 50,000 jobs. According... 
Oracle NetSuite Recognized As Leading Commerce Suites In B2B Category

Oracle NetSuite Recognized As Leading Commerce Suites In B2B Category

Oracle NetSuite has been recognized as a leading provider of financials that are cloud-based in the third quarter of this calendar year. Consequently the application has been recommended for business-to-business customers who are midsized... 
Efforts To Restart Exxon’s Baytown Refinery In High Gear

Efforts To Restart Exxon’s Baytown Refinery In High Gear

Exxon Mobil has revealed that its Baytown refinery located in Houston will be restarted after it was shut down following Tropical Storm Harvey. The Baytown refinery is the second biggest oil refinery in the United States with an average... 
Renault-Nissan Alliance In Joint EV Venture With Dongfeng Motor Corp

Renault-Nissan Alliance In Joint EV Venture With Dongfeng Motor Corp

The alliance between Renault and Nissan has announced that it is planning to produce electric cars in China in partnership with Dongfeng Motor Corp, a Chinese automaker. The new partnership will be known as eGT New Energy Automotive.... 
Google And Apple Both Pursuing Same Augmented Reality Strategy

Google And Apple Both Pursuing Same Augmented Reality Strategy

In an effort to make augmented reality more popular, Google has changed its strategy and is now no longer requiring devices to have special depth sensors fitted in them. Rather it is developing software targeted at developers and this... 
Amazon Struggles In China In The Face Of Stiff Competition

Amazon Struggles In China In The Face Of Stiff Competition

According to analysts in the retail sector the launch of Amazon’s Prime program in China hasn’t paid off as was expected. In launching the membership program in the world’s most populous country Amazon was hoping free international... 
CapitaLand Inks Property Management And e-Commerce Deals With Alibaba

CapitaLand Inks Property Management And e-Commerce Deals With Alibaba

Capitaland, a real estate developer has disclosed that it entered into a deal with Alibaba to manage the online retail giant’s Shanghai headquarters. The deal will also see Capitaland, which owns and manages properties worth S$80... 
Baidu To Sell Its Food Delivery Business To Tech Rivals

Baidu To Sell Its Food Delivery Business To Tech Rivals

Ele.me, Baidu’s takeout delivery business, is being sold by the Chinese online search giant to a firm that is backed by the biggest online retailer in China, Alibaba. The deal will involve both cash and stock. According to sources... 
First Crude Consignment From Libya In Five Years Lifted By Shell

First Crude Consignment From Libya In Five Years Lifted By Shell

The largest oil trader in the world, Royal Dutch Shell, loaded a consignment of crude from Libya. This was the first such loading in five years, a sign that Libya is making a comeback as a leading oil producer. The cargo, which consisted... 
Volkswagen Microbus Coming Back To Market

Volkswagen Microbus Coming Back To Market

Volkswagen Group has announced plans to revive its popular microbus as an electric vehicle. The old microbus was among the most recognizable Volkswagens in the brand’s 1960s hippie heyday. The company made the announcement at... 
Target Records Sales Increase In Latest Quarter

Target Records Sales Increase In Latest Quarter

Target Corp.’s (NYSE:TGT) efforts to revamp its business showed signs of success in its latest quarter. Target reported a profit of $672 million, or $1.22 a share, compared with $680 million, or $1.16 a share, a year earlier.... 
Judge Rules Against Costco In ‘Tiffany’ Rings Case

Judge Rules Against Costco In ‘Tiffany’ Rings Case

A federal judge has ruled against Costco (NASDAQ:COST) in a case that accused the company of illegally using the Tiffany & Co. (NYSE:TIF) brand in conjunction with ring sales and marketing. The judge ruled that Costco must pay... 
Disney To Launch Its Own Streaming Services

Disney To Launch Its Own Streaming Services

The Walt Disney Company (NYSE:DIS) is launching two Netflix-style streaming services in a bid to address the pressure on its television business. Disney reported a slight decline in revenue and a 9 percent drop in net income for its... 
Boeing Reaches Deal To Provide New Presidential Aircraft

Boeing Reaches Deal To Provide New Presidential Aircraft

Boeing Co. (NYSE:BA) has been awarded the Air Force contract to build two 747s that will become future Air Force One aircraft. The aerospace giant will sell the U.S. Air Force two commercial 747-8 jetliners that will be modified into... 
Michael Kors Adding Jimmy Choo To Its Portfolio

Michael Kors Adding Jimmy Choo To Its Portfolio

Michael Kors (NYSE:KORS) has bid $1.2 billion to buy London-listed luxury shoemaker Jimmy Choo (LON:CHOO). The valuation is 15.2 times forward earnings before interest, taxes, depreciation and amortization. The total price, including... 
KKR To Acquire WebMD In $2.8B Deal

KKR To Acquire WebMD In $2.8B Deal

Global investment firm Kohlberg Kravis Roberts (NYSE:KKR) has agreed to buy WebMD Health Corp. (NASDAQ:WBMD) for about $2.8 billion. KKR will pay $66.50 per share in cash in the transaction. The financing for the transaction is fully... 
Amazon’s Whole Foods Deal Under Scrutiny

Amazon’s Whole Foods Deal Under Scrutiny

A group of Democrats in Congress sent a letter this week urging the U.S. Department of Justice and the Federal Trade Commission to conduct an in-depth review of Amazon.com Inc.’s (NASDAQ:AMZN) $13.7 billion deal to purchase Whole... 
Carrier Corp. Begins Hundreds Of Layoffs

Carrier Corp. Begins Hundreds Of Layoffs

Thursday was the last day of work for hundreds of Carrier Corporation workers. The Carrier fan coil manufacturing facility in Indianapolis has begun laying off 338 employees. The layoffs are part of the previously announced plan, the... 
Disney Adding Three More Ships To Cruise Line

Disney Adding Three More Ships To Cruise Line

Disney Cruise Line’s (NYSE:DIS) fleet will be growing by three. The new ships would be similar in size to Disney’s newest ships, Disney Dream and Disney Fantasy. Each of those ships carry about 2,500 passengers at double occupancy.... 
Google Back Taxes Dismissed By French Court

Google Back Taxes Dismissed By French Court

A Paris court has dismissed a €1.11 billion ($1.27 billion) tax bill levied against Google. That amount represents five years of back taxes for a period ending in 2010. The ruling was a major victory for Google. The dispute had been... 
Sears Announces New Round Of Store Closures

Sears Announces New Round Of Store Closures

Sears Holdings (NASDAQ:SHLD) has announced a new round of store closings, this one targeting 43 Sears and Kmart locations. The company says that eight Sears department stores and 35 Kmart discount stores chain will close. The retailer... 
Microsoft Announces Layoffs In Sales Force

Microsoft Announces Layoffs In Sales Force

Microsoft (NASDAQ:MSFT) has begun laying off thousands of employees, mostly in its sales department. The eliminations will be some of the most significant to the sales force in years. The layoffs also expected to impact local marketing... 
Nearly 3 Dozen Arrested In China Over Transit Elevated Bus Investments

Nearly 3 Dozen Arrested In China Over Transit Elevated Bus Investments

This week, police in Beijing announced that it had started an investigation into the company behind the Transit Elevated Bus, or TEB. So far, the police have arrested 32 people for illegal fundraising linked to the project. There had... 
Uber-Google Lawsuit Turns Focus To Internal Emails

Uber-Google Lawsuit Turns Focus To Internal Emails

The lawsuit over self-driving car technology involving Uber and Google’s parent company Alphabet (NASDAQ:GOOG) continues, with internal emails from Uber now being entered into the record. Uber is saying no one at the ride-hailing... 
Reports Of Nike Deal With Amazon Tank Rivals Values

Reports Of Nike Deal With Amazon Tank Rivals Values

Reports have emerged of a potential deal for Nike (NYSE:NKE) to begin selling its sneakers directly through Amazon.com (NASDAQ:AMZN). Nike would potentially also be selling its athletic gear directly on Amazon’s e-commerce site.... 
Is Wal-Mart Restricting Vendors from Using Amazon Web Services?

Is Wal-Mart Restricting Vendors from Using Amazon Web Services?

Big box retailer Wal-Mart is really trying to make it in the online world and they are letting it be known that they will not be bullied around.  Apparently the company is warning various tech firms that if they want to keep business... 
General Electric Losing Longtime CEO

General Electric Losing Longtime CEO

General Electric (NYSE:GE) has announced that its longtime chairman and chief executive, Jeffrey R. Immelt, would retire by the end of the year. Immelt will be replaced as CEO by John Flannery, the president and chief executive of... 
Tyson Recalls Roughly 2.5 Million Pounds of Ready-To-Eat Chicken Over Potential Allergens

Tyson Recalls Roughly 2.5 Million Pounds of Ready-To-Eat Chicken Over Potential Allergens

The United States Department of Agriculture Food Safety and Inspection Service, major poultry company Tyson Foods, Inc has recently announced a recall of nearly 2,500,000 pounds of ready-to-eat (RTE) breaded chicken products, citing... 
Toyota Liquidates Tesla Stake As It Invests In Flying Car

Toyota Liquidates Tesla Stake As It Invests In Flying Car

Reports indicate that Toyota has reduced its stake in electric car maker, Tesla. According to Bloomberg the auto manufacturing giant initially held a 3.15% stake in Tesla which had been acquired in 2010. But last year in July the stake... 
Payment Card-Stealing Malware Used In Chipotle Data Breach

Payment Card-Stealing Malware Used In Chipotle Data Breach

Chipotle Mexican Grill has confirmed that hackers employed malware in order to obtain customer payment data in a security breach that occurred in a period of three weeks. Most of the restaurant chain’s 2,250 restaurants were struck... 
BBB Warns About Payless Car Rental

BBB Warns About Payless Car Rental

Better Business Bureau has issued a warning nationwide concerning Payless Car Rental. The BBB disclosed that over 800 complaints had been made in the last three years concerning the car rental firm that operates at airports around... 
Target To Pay Millions Of Dollars In Data Breach Settlement

Target To Pay Millions Of Dollars In Data Breach Settlement

A settlement amounting to $18.5 million will be paid by Target over a data breach that occurred in 2013. Over 41 million of Target’s payment card accounts were affected in the data breach. The settlement was reached with 47 states... 
Amgen Fails Clinical Trial for New Osteoperosis Drug

Amgen Fails Clinical Trial for New Osteoperosis Drug

At a time when it seems new drugs are being approved (or conditionally approved) all the time, a recent clinical trial resulting in disapproval is certainly something to talk about. A clinical trial for Amgen’s new osteoperosis... 
Salesforce Releases Better-Than-Expected Quarterly Results

Salesforce Releases Better-Than-Expected Quarterly Results

In its latest earnings report, Salesforce has announced a deferred revenue increase of 26% in the first quarter. With the results proving to be better than had been expected, the company lifted its annual revenue outlook by $100 million... 
Ford Reports Possibility Of 10 Percent Job Cuts in Global Workforce

Ford Reports Possibility Of 10 Percent Job Cuts in Global Workforce

Ford Motor Company is planning to cut roughly 10 percent of its global workforce in an effort to cut $3 billion in costs as the company faces slower car sales and increased spending new technologies. According to the Wall Street Journal,... 
Tesla Teams Up With GMP To Offer Affordable Power Backup Plan In Vermont

Tesla Teams Up With GMP To Offer Affordable Power Backup Plan In Vermont

Tesla has teamed up with Vermont utility Green Mountain Power (GMP) to offer customers affordable backup electricity. For just $15 a month or a one-time fee of $1,500, customers in the state will get back up batteries that will store... 
JPMorgan Increases Investment In Detroit Following Signs Of Success

JPMorgan Increases Investment In Detroit Following Signs Of Success

JPMorgan will increase the investment it made in Detroit City by $50 million following the success of its original investment. According to bank executives and city officials, there had been encouraging signs that via public-private... 
CA Technologies Named As One Of The Best Places To Work In The United States

CA Technologies Named As One Of The Best Places To Work In The United States

Forbes magazine has selected CA Technologies as one of ‘America’s Best Employers’ this year. Being named to the list demonstrates that an employer is committed to creating a working environment where all employees are able to... 
Native Americans And Illegal Immigrants Were Targeted In Wells Fargo Sham Accounts Scandal

Native Americans And Illegal Immigrants Were Targeted In Wells Fargo Sham Accounts Scandal

Former employees of Wells Fargo have alleged that among those they were instructed to target in the opening of sham accounts were Native Americans and immigrants who were residing in the United States illegally. The employees also... 
AT&T And Oracle In Cloud Services Agreement

AT&T And Oracle In Cloud Services Agreement

Oracle and AT&T have reached an agreement which will see the former assist the latter in moving its internal databases to the former’s IaaS and PaaS technologies. PaaS stands for Platform as a Service while IaaS is an acronym... 
VW Looks to Cut Costs Dramatically to Brace for Diesel Scandal Damages Cash Drain

VW Looks to Cut Costs Dramatically to Brace for Diesel Scandal Damages Cash Drain

Volkswagen AG is the biggest automaker in the world but if they don’t stay ahead of the cash drain they will experience from its diesel-cheating scandal, they may not hold that spot for long. As such, the company is pushing to... 
Iran Achieves Self-Sufficiency In Gasoline Following Easing Of Sanctions

Iran Achieves Self-Sufficiency In Gasoline Following Easing Of Sanctions

Reports indicate that Iran has achieved self-sufficiency in gasoline production and will now not require imports for its daily domestic needs. According to the country’s official news agency, President Hassan Rouhani launched a refinery... 
Revenues At Amazon Rise Beating Estimates

Revenues At Amazon Rise Beating Estimates

Amazon has released first quarter results showing that revenues have risen on the back of good performance in its cloud computing and retail divisions. The first-quarter growth in sales beat estimates and led to an appreciation in... 
Weight Watchers International Poaches HSN’s CEO

Weight Watchers International Poaches HSN’s CEO

Mindy Grossman, the chief executive officer of HSN is departing the television and digital shopping firm to join Weight Watchers International Inc in the same capacity. Her tenure at Weight Watchers begins in July while her resignation... 
Palantir To Pay More Than $1.6 Million In Hiring Discrimination Suit Settlement

Palantir To Pay More Than $1.6 Million In Hiring Discrimination Suit Settlement

Palantir Technologies has agreed to settle in a lawsuit brought against it by the Labor Department over allegations that it practiced discrimination in its hiring practices by refusing to employ Asian applicants. The settlement figure... 
Why Investors Have Huge Confidence In Tesla

Why Investors Have Huge Confidence In Tesla

Though Tesla is a newcomer relative to the likes of Fiat Chrysler Automobiles and Ford, it has managed to surpass them in market capitalization. And though temporarily, Tesla’s market value also managed to exceed that of America’s... 
Elon Musk Is About To Achieve Tesla Milestones Landing A Windfall In The Process

Elon Musk Is About To Achieve Tesla Milestones Landing A Windfall In The Process

Elon Musk, the chief executive officer of Tesla, has only about six milestones left to accomplish before he receives a $1.4 billion windfall. This was revealed in a proxy statement that was filed on Thursday. In 2012 Musk received... 
Google And PayPal In Partnership To Allow For Contactless Payments

Google And PayPal In Partnership To Allow For Contactless Payments

PayPal and Google have inked an agreement which will enable users of Android Pay to pay using the PayPal app just by tapping their smartphones. This will be in thousands of retail locations across the United States. With the partnership,...