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Viacom And Cisco Partner To Optimize Video Distribution Network

Viacom And Cisco Partner To Optimize Video Distribution Network

Cisco and Viacom have inked a deal which will see them collaborate in building a video network foundation which will be used in enhancing Viacom’s premier branded content on multiple platforms in the Caribbean, Mexico, Canada and... 
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.... 
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... 
Chinese App Colorful Balloons Reportedly Developed By Facebook

Chinese App Colorful Balloons Reportedly Developed By Facebook

Facebook Inc. (NASDAQ:FB) has reportedly launched a new photo-sharing app called Colorful Balloons in China. The app allows users to share photos with friends and family members. The app was launched in May. Paul Mozur of The New... 
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... 
Fully Automated Flights On The Horizon

Fully Automated Flights On The Horizon

Fully automated flights are getting closer to becoming a reality. A report recently released by investment bank UBS stated, “Technically speaking, remotely controlled planes carrying passengers and cargo could appear” by around... 
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... 
Teva Pharmaceutical Misses Q2 Profit Estimates

Teva Pharmaceutical Misses Q2 Profit Estimates

Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) reported second quarter results that missed analysts’ estimates. In the second quarter, profit, excluding some costs, dropped to $1 billion from $1.23 billion a year earlier. That was... 
Apple Loses Bid To End FaceTime Lawsuit

Apple Loses Bid To End FaceTime Lawsuit

Apple’s (NASDAQ:AAPL) motion to dismiss a lawsuit related to disabling FaceTime on iOS 6 and earlier software versions has been denied. United States district judge Lucy Koh denied the motion, allowing the case to proceed as... 
Pokemon Go Fests Scheduled For Europe Delayed

Pokemon Go Fests Scheduled For Europe Delayed

Niantic Labs is postponing a number of its planned Pokemon Go Fests in Europe. The studio announced that its European events scheduled for next month will be moved to a later date in fall. Niantic is saying it needs more time “to... 
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... 
Microsoft Makes Plans To Expand High Speed Internet Access

Microsoft Makes Plans To Expand High Speed Internet Access

Microsoft (NASDAQ:MSFT) wants to harness the unused channels between television broadcasts, known as white spaces, to provide more of rural America with high-speed internet access. The company aims to connect two million rural Americans... 
Amazon Launches Service Resembling Geek Squad

Amazon Launches Service Resembling Geek Squad

Amazon (NASDAQ:AMZN) is rolling out its own version of Best Buy’s (NYSE:BBY) popular Geek Squad service. The new offering has already rolled out in seven markets. Those markets are Seattle, Portland, San Francisco, San Diego,... 
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... 
Cases Of The Plague Surface In New Mexico

Cases Of The Plague Surface In New Mexico

Health officials have confirmed that three people in New Mexico have been diagnosed with the plague. The three people diagnosed were a 63-year-old man and, more recently, a 52-year-old and a 62-year-old woman. The health officials... 
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... 
New Cyberattack Locks Thousands Of Computers Around Globe

New Cyberattack Locks Thousands Of Computers Around Globe

An international cyberattack has struck computer systems from Russia to the United States. Computer experts are calling the virus Petya. Reports of the attack spread quickly. Rob Wainwright, executive director of Europol, Europe’s... 
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.... 
Oracle Beats Revenue Estimates For Fourth Quarter

Oracle Beats Revenue Estimates For Fourth Quarter

Oracle Corp. (NYSE:ORCL) has announced a fourth straight quarter of revenue gains for the fourth quarter of its fiscal year. The company’s reported total sales easily topped analysts’ estimates. In the period ended May 31, adjusted... 
Google Adds New Job Searching Feature

Google Adds New Job Searching Feature

Alphabet’s (NASDAQ:GOOG) Google announced a new initiative named Google for Jobs earlier this year at Google I/O. The goal of the initiative was to use the search giant’s skills at organizing information to make finding jobs easier.... 
Apple Openly Ventures Into The Self-driving Car Market

Apple Openly Ventures Into The Self-driving Car Market

Reports have emerged that Apple (NASDAQ:AAPL) is developing AI systems meant to power self-driving cars. According to revelations from CEO Tim Cook, Apple is working on artificial-intelligence-based self-driving technology. Cook said... 
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... 
ConocoPhillips And Exxon Mobil Back Paris Climate Deal

ConocoPhillips And Exxon Mobil Back Paris Climate Deal

Amid reports that U.S. President Donald Trump plans to withdraw the US from the Landmark Paris climate accord of 2015, both ConocoPhillips and Exxon Mobil have declared their support for the deal which aims to reduce greenhouse gas... 
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... 
Major Security Weaknesses Of Internet-Connected Sex Toy, Siime Eye Exposed

Major Security Weaknesses Of Internet-Connected Sex Toy, Siime Eye Exposed

Researchers of computer security have managed to hack a sex toy manufactured by Svakom, a firm based in the United States. The sex toy, Siime Eye possesses a camera at the tip and is capable of connecting to the internet via Wi-Fi....