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Japan’s Amazon Planning Cell Phone Network of its Own

Japan’s Amazon Planning Cell Phone Network of its Own

Rakuten said on Thursday in a prepared statement it is planning to build a mobile network and hopes to launch services during 2010 and eventually have a minimum of 15 million subscribers. It is a big bold move by a company that began... 
Leadership at Airbus Under Heavy Criticism

Leadership at Airbus Under Heavy Criticism

Much speculation swirls around Airbus and the future of its senior management as probes over corruption have shaken the aerospace company and added fuel to the clash of egos between those at that top, said those familiar with this... 
HSBC No Longer Under Threat of U.S. Prosecution

HSBC No Longer Under Threat of U.S. Prosecution

HSBC has had its prosecution threat lifted in the United States over the allegation of money laundering across Mexico. The bank signed a document known as the deferred prosecution agreement or DPA that is considered a type of probation.... 
Lego Wins Copyright Case in China Against Imitators

Lego Wins Copyright Case in China Against Imitators

Lego won a landmark case against a pair of companies in China that made and sold toys nearly identical to the LEGO Friends range but using the brand Bela, said the Danish toymaker. This is the first time Lego succeeded in a copyright... 
Discovery Buys Majority Stake of OWN

Discovery Buys Majority Stake of OWN

Discovery Communications will pay $70 million to take the majority stake in OWN the Oprah Winfrey Network. Up to now, OWN was a 50/50 joint venture between Winfrey, the television star, and the giant in cable programming. This deal,... 
Australia Investigating Influence of Google and Facebook

Australia Investigating Influence of Google and Facebook

The impact of Google and Facebook across the media industry is being scrutinized in Australia. The competition regulator in Australia said on Monday that it was directed by the country’s federal government to investigate if internet... 
BMW Wants Partners to Help Develop Mini Electric Version

BMW Wants Partners to Help Develop Mini Electric Version

Germany’s BMW is talking with other carmakers across the globe in an attempt to find partners as a way of lowering costs of developing small electric cars, said Peter Schwarzenbauer one of the company’s management board members. He... 
OPEC Backing Extension of Nine Months, Russia Not On Board Yet

OPEC Backing Extension of Nine Months, Russia Not On Board Yet

All members of OPEC support the extension of their production cuts in oil through the end of 2018. However, Russia has not yet made that commitment leading up to Thursday’s meeting that will be held in Vienna, said people who are... 
Black Friday Strong Online, While Cyber Monday May Set Record

Black Friday Strong Online, While Cyber Monday May Set Record

Black Friday turned out to be hugely successful for online shopping, but experts predict Cyber Monday may be bigger. Adobe Digital Insights is projecting Cyber Monday to take in up to $6.6 billion in online sales, an increase of 16.5%... 
Developer of Burj Khalifa Sees Shares Flop on IPO

Developer of Burj Khalifa Sees Shares Flop on IPO

The developer behind the tallest tower in the world has returned to earth with a big thud. Shares of Emaar Development, which built Burj Khalifa in Dubai, have dropped by close to 5% since they debuted Wednesday, hit by investor nervousness... 
Sales at Lowe’s Top Wall Street, Helped by Purchases Related to Hurricanes

Sales at Lowe’s Top Wall Street, Helped by Purchases Related to Hurricanes

Lowe’s posted sales and earnings for the third quarter that beat the Street, as more consumers arrived at stores for emergency supplies prior to and repairs following the devastating wildfires and hurricanes. Shares of the home improvement... 
Lack of Comfort Hurting Victoria’s Secret Sales

Lack of Comfort Hurting Victoria’s Secret Sales

When one thinks about Victoria’s Secret what comes to mind is sexy lingerie, Miracle Bras and push-ups. However, the problem that Victoria’s Secret is facing today is women do not want all those things any longer. Early last year,... 
Far-Right Twitter Accounts Lose Verified Tick

Far-Right Twitter Accounts Lose Verified Tick

The microblogging social media platform Twitter has stripped many far-right accounts of the “verified badge” following a change to its policy. Amongst the accounts stripped of their tick is Jason Kessler, who took part in the organization... 
Reports: Amazon Ending Planned Bundled Video Service

Reports: Amazon Ending Planned Bundled Video Service

Amazon.com has ended its plans of launching a streaming service online that would bundle popular broadcast and cable networks in the U.S. because of its belief that it cannot earn sufficient money on that type of service, said those... 
Celebrity Claims He Almost Died from Eating Chipotle’s Food

Celebrity Claims He Almost Died from Eating Chipotle’s Food

Chipotle, the embattled restaurant chain has been hit again with another claim of foodborne illness. This time the claim is by an actor in Hollywood. Jeremy Jordan of Supergirl fame posted a story on Instagram alleging the food from... 
Mercedes Becomes Biggest Rival for Tesla

Mercedes Becomes Biggest Rival for Tesla

Tesla has seen itself have a meteoric rise to the top of the electric vehicle field, but the upcoming five years could be the biggest challenge it has faced to date. The small, underdog electric vehicle maker will soon face major automakers... 
Uber Ordered by Court to Give Drivers in UK More Rights

Uber Ordered by Court to Give Drivers in UK More Rights

Uber was dealt another setback in Britain when an employment court affirmed on Friday that Uber drivers should be considered workers and not treated as contractors. The ride-hailing company was seeking to overturn a 2016 court decision... 
Marissa Mayer: Yahoo Does Not Know How It was Hacked

Marissa Mayer: Yahoo Does Not Know How It was Hacked

Former CEO at Yahoo Marissa Mayer admitted to a congressional committee on Wednesday that Yahoo still does not know how computer hackers were able to compromise information of billions of users on the Internet pioneer’s site. In... 
Notes Sewn Inside Clothing Being Found by Zara Customers

Notes Sewn Inside Clothing Being Found by Zara Customers

Popular fashion retailer Zara has found controversy again. However, this time it does not involve alt-right skirts, anti-Semitic shirts or the use of thin models in one of its campaigns. Instead, the retailer, based in Spain, is accused... 
Twitter: Employee Leaving Company Deactivated President Trump’s Account

Twitter: Employee Leaving Company Deactivated President Trump’s Account

The official Twitter account of President Donald Trump or @realdonaldtrump was deactivated by an employee at Twitter who was leaving the company Thursday and was off line for 11 minutes prior to being restored, said the social media... 
Blue Apron Beats the Street on Revenue, Shares Move Higher

Blue Apron Beats the Street on Revenue, Shares Move Higher

Blue Apron Holdings beat estimates by analysts on Wall Street for revenue during its third quarter, which reflects on its effort to get customers to buy more money and sent shares higher during early Thursday trading. However, the... 
Shares of MasterCard Jump As Results Top Expectations

Shares of MasterCard Jump As Results Top Expectations

On Tuesday, MasterCard posted revenue and earnings for the quarter that beat Wall Street expectations. The payments processing company posted earnings per share of $1.34 compared to expectations of $1.23. Revenue at the company reached... 
Consumer Spending in U.S. Posts Biggest Gain in Eight Years

Consumer Spending in U.S. Posts Biggest Gain in Eight Years

Consumer spending in the United States recorded its largest increase in over eight years during September, likely as Florida and Texas household began replacing motor vehicles damaged from hurricane flooding, but an underlying inflation... 
Federal Lawsuit Accuses LuLaRoe of Being Pyramid Scheme

Federal Lawsuit Accuses LuLaRoe of Being Pyramid Scheme

Multilevel marketer LuLaRoe has come under much fire for the business practices it uses and the quality of its women’s leggings. It is now facing a California federal lawsuit. The company has been accused of being nothing more than... 
FDA Approves Cancer Gene Therapy from Gilead Science

FDA Approves Cancer Gene Therapy from Gilead Science

The United States Food and Drug Administration gave its approval on Wednesday to a new gene therapy for a specific form of lymphoma, which Kite Pharma a subsidiary of Gilead Science developed, marking the regulator’s second approval... 
Goldman Sachs Results for Third Quarter Beat the Street

Goldman Sachs Results for Third Quarter Beat the Street

Goldman Sachs Group posted profit Tuesday for its third quarter that was down 3% compared to the same period one year ago, but its quarterly revenues were up 2%. Both its revenues and earnings per share beat Wall Street expectations.... 
Report: iPhone 8 Being Out Sold by iPhone 7

Report: iPhone 8 Being Out Sold by iPhone 7

The older Apple iPhone 7 models continue to outsell the just released iPhone 8 prior to the early November debut of iPhone X, the latest generations premium Apple smartphone, said one report by an analyst on Wall Street, citing surveys... 
CEO at Airbus Warns Of Fines Due to Probe Over Corruption

CEO at Airbus Warns Of Fines Due to Probe Over Corruption

Airbus CEO Tom Enders said again Friday that the group might face substantial fines resulting from the corruption investigations by the UK and France into using middlemen in sales of planes. Enders during an interview with Le Monde... 
Netflix Wants to Set the Record Straight on Canadian Content

Netflix Wants to Set the Record Straight on Canadian Content

After receiving widespread criticism from important players in cultural industries in Canada, video streaming service Netflix started its own public relations campaign where its goal is to set the record straight over the pledge it... 
Hurricanes Hurt Payrolls in U.S. During September

Hurricanes Hurt Payrolls in U.S. During September

Employment fell in the U.S. during September, marking the first time in the past seven years as two hurricanes displaced many workers on a temporary basis and delayed the hiring of others, which is just added evidence that the two... 
Adidas Speed Factories Bring Faster Shoe Making to Forefront

Adidas Speed Factories Bring Faster Shoe Making to Forefront

In a small production room that appears to be hospital-like clean, small white plastic beads the size of a pea pour into an Adidas shoe box the size of a minivan that has three stripes on its side. Over a period of just seconds, the... 
India’s Reliance Offering Deeply Discounted Phone

India’s Reliance Offering Deeply Discounted Phone

Jio, the telecom upstart of India’s Reliance Industries is covering a minimum of 40% of the cost for its basic 4G smartphone, said two sources who are close to the situation, as it is betting on recovering that investment through... 
Facebook and Microsoft Complete 4,100-Mile Trans-Atlantic Cable

Facebook and Microsoft Complete 4,100-Mile Trans-Atlantic Cable

Facebook, Microsoft and Telxius the telecoms infrastructure business announced that they had completed the highest ever capacity subsea cable to cross the Atlantic Ocean. This new cable has the capacity to transmit 160 terabits of... 
Reservations for Restaurants Can Now Be Made on Airbnb

Reservations for Restaurants Can Now Be Made on Airbnb

Short-term rental company Airbnb announced Wednesday that users are now able to book reservations for restaurants on the Airbnb app. The new reservation service has been made possible due to a partnership with restaurant reservations... 
Rickshaw Ride-Sharing Service Created for Refugees

Rickshaw Ride-Sharing Service Created for Refugees

For millions of refugees that live in camps, the ability to rebuild their lives is dependent upon transportation. Without transportation, families in the refugee camps are not able to reach hospitals, send their children to schools,... 
Self-Powered Wearable Sensor Acts as Body Glucose Monitor

Self-Powered Wearable Sensor Acts as Body Glucose Monitor

Scientists in New York have developed a new paper-based, self-powered wearable sensor that allows people with diabetes to measure their levels of glucose from sweat during their exercising. The most widespread current methods for self-testing... 
Northrop Acquiring Orbital ATK in $7.8 Billion Deal

Northrop Acquiring Orbital ATK in $7.8 Billion Deal

Defense specialist Northrop Grumman Corp has agreed to acquire Orbital ATK Inc. in a deal for $7.8 billion, which bolsters the space and missile businesses of one of the country’s biggest defense contractors. Shareholders of Orbital... 
Nestle Paying $425 Million to Acquire Coffee Company

Nestle Paying $425 Million to Acquire Coffee Company

Nestle SA will purchase Blue Bottle Coffee as the Switzerland based company looks to bolster its presence in the U.S. amidst growing demand for upscale coffee blends. Nestle is paying $425 million for a stake of 68% in the company,... 
Microgaming HQ Wins Major Environmental Award

Microgaming HQ Wins Major Environmental Award

Microgaming HQ wins major environmental award, and this is something that all businesses should consider, especially if they are competing with Microgaming. Lots of them are trying to figure out how they can gain an edge over Microgaming. At... 
Mophie and Belkin Already Offering Wireless Charging for new iPhones

Mophie and Belkin Already Offering Wireless Charging for new iPhones

The wireless charging pads for the new Apple iPhones will not be available until 2018, but Mophie and Belkin two big third-party providers said their products that are compatible are on sale already. As was highly anticipated and expected,... 
Nordstrom Opening Store With No Clothes but Serves Beer

Nordstrom Opening Store With No Clothes but Serves Beer

Nordstrom will try out a smaller store. The upscale department store announced on Monday that it would be opening a small store of 3,000 square feet, just a fraction of the size of one of its typical stores of over 140,000 square feet. The... 
Kroger Stock Drops On Fall in Profit

Kroger Stock Drops On Fall in Profit

Kroger Co. posted profit that was sharply lower as the largest supermarket chain in the country slashed prices while investing in technology to help it maintain pace with increased competition amongst grocers. The grocer, based in... 
Billionaire in China Sues Social Media for Malicious Rumors

Billionaire in China Sues Social Media for Malicious Rumors

One of the richest men in China has taken legal action against what he called rumor mongers that he accused of spreading fake news about his company and him. The huge Chinese conglomerate Dalian Wanda Group, has filed several lawsuits... 
Los Angeles Times-Chicago Tribune Group Buys New York Daily News

Los Angeles Times-Chicago Tribune Group Buys New York Daily News

The chain of newspapers led by Michael Ferro the software entrepreneur bought the tabloid New York Daily News, adding the largest media market in the nation to its mix of dailies that include the Chicago Tribune, Baltimore Sun and... 
European Union Approves Air Berlin Lifeline

European Union Approves Air Berlin Lifeline

The European Union’s European Commission has approved a bridge loan for Germany based Air Berlin that will maintain the insolvent airline flying while it attempts to find buyers for the company’s assets. Air Berlin, the second... 
Campbell Stock Dives As Poor Outlook Follows Buffett Blow

Campbell Stock Dives As Poor Outlook Follows Buffett Blow

Campbell Soup Co. saw its shares plunge after it posted earnings that disappointed. The packaged food conglomerate also delivered a forecast that was weaker than was expected, bringing additional evidence that a slump industry wide... 
Google Denies it Urged Firing by Think Tank of Critic

Google Denies it Urged Firing by Think Tank of Critic

Google has rejected the claims on Wednesday of a critic who said the search engine giant played a role in firing him from a prominent think tank following his open praise of the decision by the European Commission to fine the tech... 
Kik Raising $135 Million with Sale of Digital Currency

Kik Raising $135 Million with Sale of Digital Currency

Kik Interactive the messaging startup based in Canada will be receiving its largest to date cash infusion, but much of the injection of new cash will be from just regular people rather that from venture capitalists. The Ontario-based... 
Domino’s Pizza and Ford Motor Delivering Pizza in Self-Driving Vehicles

Domino’s Pizza and Ford Motor Delivering Pizza in Self-Driving Vehicles

Domino’s Pizza and Ford have teamed up for a research trial in which Ford vehicles equipped with technology for self-driving will be delivering pizzas to regular customers, in an attempt to determine how it will be accepted by everyday... 
Engineer at Volkswagen Sentenced to Prison for Diesel Case

Engineer at Volkswagen Sentenced to Prison for Diesel Case

An engineer with Volkswagen on Friday was sentenced to 40 months behind bars for the role he played in the German automaker’s scheme of 10 years to cheat emissions testing for vehicles with diesel motors sold in the U.S. James Liang...