Business

Altice Seeking Partners In A Bid For Charter Communications

Reports indicate that Altice NV has asked BC Partners and Canada Pension Plan Investment Board to partner in a bid to acquire Charter Communications, a cable broadcaster. It has, however, not been revealed how much equity commitment the Patrick Drahi-owned firm will seek from the two potential partners. Besides Altice and Altice USA, the Japan-based […]

Facebook In New Efforts To Fight The Deceptive Advertising Practice Of Cloaking

Facebook has announced that it is taking steps to fight cloaking on its platform. This is according to Bobbie Chang, a software engineer at the social media giant and Rob Leathern, its product management director. In cloaking, advertisers misrepresent an ad’s actual destination in order to dodge the review process deployed by Facebook. Consequently, when […]

AT&T Creator Lab Partners With Music Band To Offer Network Coverage During Festival

AT&T Creator Lab has partnered with the music band Thirty Seconds to Mars with a view to live streaming the group’s concert which will be held on August 12. The telecommunications giant will consequently offer interactive fan experiences and wireless connectivity at the Camp Mars Music Festival which will be taking place in Malibu, California […]

MKM Partners Raise Target Prices For Top Tech Stocks

According to Rob Sanderson, an analyst at MKM, three technology stocks which include Twitter, Facebook and Alphabet will appreciate by double digits in the next one year. In the case of Alphabet, Sanderson gave the stock a buy rating and forecast that it will hit $1210 per share in one year based on the fact […]

OnDeck And JPMorgan Chase Expand Their Partnership

Online lender OnDeck and JPMorgan Chase have announced that they are extending their contract and this will see the two financial institutions continue to partner in small business lending specifically with regards to the Chase Business Quick Capital, JPMorgan’s digital product aimed at small enterprises. The period of extension could beup to four more years. […]

Google Hires A User Experience Head For Its Smart Home Unit

Reports indicate that the former webOS and Pebble designer, Liron Damir, has been hired by Alphabet to become the user experience chief of Google Home group. Damir will be responsible for products such as Google Wifi, Chromecast and Google Home. This was confirmed by Damir in a posting on the professional networking website LinkedIn. “[I […]

Snap Shares Defy Lockup Expiration Concerns and Rise

Shares of Snap Inc slid slightly more than 4 percent in Monday morning trades—to $13.40—as the company reached the expiration of its first lockup period from last weekend. Indeed, for the first time, approximately 400 million shares were eligible for trading for the very first time. Before the opening bell on Monday, shares were trading […]

New York Times Posts Soaring Profits On Digital Subscription Growth

It is no big secret that print media companies are struggling right now. Printing and distribution costs remain tough to cover, but users are flocking to digital sources more and more consistently these days. And that means publishers are wasting more and more money on physical publications. Even companies like the New York Times face […]

Twitter Reports Flat Growth and $116 million Loss; Shares Down 13 Percent

With a user base that seems to have stopped growing, at least since the previous quarter, stock prices for the company fell more than 13 percent on the heels of this announcement. Looking more closely—on a per-share basis, for example—the San Francisco company said it had registered a second-quarter loss of 16 cents. Now, it […]

Newspapers Should Seek To Innovate Rather Than Calling For Antitrust Protection

A few weeks ago the News Media Alliance, or Newspaper Association of America as it formerly used to be called, revealed that it would be pushing U.S. Congress to exempt newspapers from antitrust laws. This was with a view of allowing the newspapers to go into negotiations with tech giants such as Google and Facebook […]

Starbucks To Add More Food On The Menu As Sales Continue Decline

According to Credit Suisse analysts, sales at Starbucks have been on a downward trend even as the benefit costs and hourly wages of employees go up. The costs of opening new locations have also been on the rise. This could have a negative impact on the growth prospect of the stock going forward. One of […]

Even on a Good Day, Goldman Sachs Still Struggles

Goldman Sachs has a problem.  Their trading efforts have not had much yield lately; but its not like the market is seeing much growth.  Still, the issue at Goldman Sachs seems to be among the worst on Wall Street. As a matter of fact, the company has recorded its worst commodities quarter on record, in […]

Newspapers Seek Antitrust Exemption In Fight For Survival

An alliance of newspapers in the United States is requesting Congress to exempt newspaper publishers from antitrust rules so that the news outlets can conduct joint negotiations with Facebook and Google. The two technologies now dominate online news traffic and online advertising. Representing close to 2,000 news outlets in North America, New Media Alliance argues […]

More Financial Institutions Supporting Apple Pay Added In United States And Europe

Reports indicate that Apple Pay support has been added by 22 more credit unions and banks in the United States. Most of the U.S. financial institutions are regional rather than national. More financial institutions in Europe have also added support for the payments platform. In the United States some of the financial institutions that were […]

Tumi And AT&T Launch Device For Tracking Luggage Globally

AT&T and Tumi, a worldwide travel lifestyle brand, have launched a tracking device that works wirelessly to offer travelers positioning information that is location-specific with regards to the travel bags and other luggage. Tumi Global Locator is the name of the tracking device which weighs 150 grams and measures 4.33 by 2.55 by 0.83 inches. […]

Merger Between Baker Hughes And GE Oil & Gas Closes

The merger of General Electric’s oil and gas unit with Baker Hughes has been completed resulting in the second largest oilfield services group in the world. Schlumberger is currently the world’s largest oilfield services group. The deal was agreed to in October 2016 with the aim of delivering cost savings amounting to $1.2 billion per […]

Micron Expects Increased Revenues As Demand Grows

Micron Technology has forecast that in the present quarter it will record profits and revenue that are better than expected. This will be due to an improvement in memory chip prices following a period of tight supply. There has also been an increase in demand from smartphone makers and providers of cloud services. Shares of […]

New York Times Hold Walkout In Support Of Employees Facing Layoffs

Staffers at the The New York Times held an afternoon walkout in protest over looming job cuts that are expected to affect copy editors. The plan to lay off copy editors was announced last month by Dean Baquet, the executive editor and Joseph Kahn, the managing editor. A buyout package will be offered to the […]

Tesla’s Autopilot Chief Leaves After Less Than Six Months On The Job

Tesla’s top Autopilot engineer, Chris Lattner, has left the company less than half a year after he joined the electric car maker from Apple. This adds to the growing list of executive shake-ups in technology firms competing in the driverless car space. Lattner cited differences with the chief executive of Tesla, Elon Musk, as the […]

Qatar Airways Emerges As The Best Airline On The Planet

Qatar Airways has been named the ‘Airline of the Year’ by Skytrax, a global air travel ratings company. This was announced at a Paris Air Show ceremony. The award comes at a time when the airline which is based in Doha is dealing with restrictions such as the airspace it can use and the airports […]

Ford To Launch An Off-Road Version Of The Expedition SUV

Ford Motors will be adding the FX4 off-road version of the 2018 Expedition sports utility vehicle. The FX4 trim is popular on the Ford F150 truck. The off-road version of Ford Expedition is expected to comprise between 5 and 10% of sales of the Expedition once it is launched later in fall. The idea for […]

Alphabet’s Verily Life Sciences Invests In Biotech Fund Alongside Novartis

Verily Life Sciences, Alphabet’s life sciences division, is investing in a fund that will acquire stakes in biotech groups based in Europe. This is the latest show of interest by the tech giant in the biotechnology sector. The management of the fund which will be worth approximately $300 million will be under Medicxi, a venture […]

Ford Motors To Reduce Summer Shutdown At Louisville Plant Due To Strong Demand

Ford has announced that it will be reducing the yearly summer shutdown from two weeks to one at its assembly plant located in Louisville. The reduction in the summer break has been necessitated by the high demand that has been registered in the SUV segment. According to the car maker, sales of the Lincoln MKC […]

Canada Goose Releases Better-Than-Expected Q4 Results

In its first financial report as a public company, the brick and mortar and online retail business of Canada Goose registered impressive results which even beat the estimates that had earlier been put out by analysts. Consequently, the shares of the Toronto, Canada-based apparel and accessories maker appreciated by over 16% as a result of […]

Archive Feature Introduced On Google Photos For Decluttering And Privacy Purposes

Google Photos now has a new feature which allows users to archive the pictures from the main feed. This hides the photos and thereby assisting in decluttering and also ensuring that private photos are kept away from the public eye. In order to archive a photo all that users are required to do is to […]

Chipotle Announces Malware Used in Payment Systems that Caused Data Breach

On Friday, Chipotle Mexican Grill said that it has discerned new information regarding its March-April data breach at its restaurants; information which points to hackers using malware to steal customer payment information. In the statement, Chipotle Mexican Grill says that bank account information, card expiration dates, and verification codes could all be accessed by the […]

Analysts Put Waymo’s Value At $70 Billion

According to analysts from Morgan Stanley, Google’s autonomous car unit Waymo could be worth more than car giants such as Ford and General Motors. In a note to clients the analysts said that Waymo’s value stood at $70 billion. The valuation comes after the self-driving car unit of Google entered into a partnership with Lyft, […]

Blackstone To Raise $100 Billion For U.S. Infrastructure

Blackstone Group is planning to contribute $100 billion towards infrastructure investments in the U.S. As part of its strategy, the largest private equity manager in the world will get a contribution of $20 billion from the Public Investment Fund of Saudi Arabia. Blackstone will also raise a similar figure from other investors and the rest […]

Fall In Oil Prices As Trump Proposes Cutting U.S. Strategic Oil Reserves

The price of oil declined on Tuesday after it was reported that the president of the United States, Donald Trump, had proposed in a budget plan that 50% of the strategic oil reserves that the U.S. holds be sold off. This coincided with a plan by OPEC-member countries and even some non-member countries to extend […]

Ford Motor Company To Invest $350 million in New Transmission Plant, in Michigan

Ford Motor Company has recently reported it is investing $350 million in its Livonia Transmission Plant in order to diversity and expand its manufacturing output. This will add 800 jobs to the Detroit facility. The company says it expects to start adding these new jobs towards the end of this year, though most jobs will […]

Chicago Tribune Owner Seeking To Acquire Chicago Sun-Times

Rival newspapers in Chicago could soon come under one owner after Chicago Tribune’s parent company declared its intention to acquire Chicago Sun-Times’ parent company. The two newspapers have pointed out that Chicago will still be a two-newspaper city since the Sun-Times will have its own separate newsroom that will allow it to operate independently from […]

Sears Suing Top Tool Vendor Over Contract Breach

In the midst of closure threats, it appears that Sears is not going down without a fight. The company is suing a top tool vendor, attesting that this vendor refuses to honor its contract with the retailer. Indeed, Sears Holding CEO Eddie Lampert says he is “taking a stand” in order to protect his company. […]

Walmart Makes Patent Application For Technology Similar To Amazon Dash’s

A patent application for a technology that is similar to Amazon Dash’s has been made by Walmart. According to CB Insights, filing of the patent took place in October last year. Walmart’s technology will, however, be different from that of Amazon because it will need less effort. “While Dash buttons still require users to press […]

Apple Expects To Continue Doing Well In India And Other Emerging Economies

The chief executive officer of Apple, Tim Cook, has disclosed that prospects for growth in India remain bright as the technological pace at which the country is moving is rapid. In the latest quarterly results revenue generated from India, which is the third largest smartphone market in the world after the United States and China, […]

HomeAdvisor Parent Company to Buy Rival Site Angie’s List

Angie’s List is a popular website where you can find freelance home improvement specialists—like plumbers and carpenters, etc—and its biggest online rival is a website called HomeAdvisor. Well, it looks like the two will no longer be in direct competition as HomeAdvisor’s parent company, IAC, has just bid to buy Angie’s List. The company is […]

Verizon Makes An Investment In An Autonomous Car Startup

Reports indicate that Verizon Communications has made an investment in Renovo Auto, a driverless car startup. This is in a funding round led by a firm known as True Ventures. Though Verizon did not disclose how much it invested in the startup, the figure that was intended to be raised in the round was $10 […]

Coca-Cola Renews Fat-Trimming Strategy As New CEO Takes the Helm

The largest beverage company in the world, Coca-Cola Co, is looking to cut $800 million a year in costs to save a total of $3 billion, annually, under the guidance of new Chief Executive Officer, James Quincey. This is a budget-tightening measure that includes a spin off of many of the company’s bottling operations, making […]

Top Executives At Wells Fargo Buy More Shares Of The Company

A couple of days after Wells Fargo released its earnings report, both the chairman and the chief executive officer of the retail bank have purchased stock of the company worth about $5 million. This is according to documents filed with the U.S. Securities and Exchange Commission. “These are new stock purchases, as opposed to compensation,” […]

Amazon Workers Want Their Employer To Quit Advertising On Breitbart

A group of employees at Amazon are working to push the management of the ecommerce giant to stop advertising on the Breitbart website. According to BuzzFeed, the employees first raised the matter on March 22 when they sent an email to Amazon’s chief executive officer, Jeff Bezos as well as to senior vice president, Jeff […]

Swift Transportation and Knight Transportation Expecting To Merge Within the Next Few Months

Knight Transportation and Swift Transportation are two American trucking companies. On Monday, the pair announced they would combine companies in an all stock-deal while they seek to collectively scale production amid growing pressures on pricing within the American trucking sector. Essentially, if and when the new deal is completed, the two will operate under a […]

Boeing And Airbus Reveal New Long- and Short-Haul Passenger Models, Respectively

While Elon Musk’s Space Exploration Technologies (SpaceX) continues to pursue the race to the furthest reaches of our galaxy (and beyond) Boeing and Airbus are still working to make air travel that much better here on Earth. Or, rather, in the skies of Earth. Indeed, Boeing has finally introduced its new 787-10 “Dreamliner” passenger air […]

Snap Finally Gets Big Love From Wall Street

Shares of the new IPO Snap soared on Monday, now hovering near $24, where it had started earlier this month.  The stock had been struggling but stocks for the disappearing messaging app’s parent company was up 3 percent in premarket trading with the stock up more than 14 percent over the past week. Wall Street […]

US State Department Set to Approve Construction of Keystone Pipeline

When Donald J. Trump won the 2016 presidential election, he made history. He is the first non-career politician—a businessman, only—to take the office. Well, the historic president is now approving restarting construction of the Keystone XL oil pipeline. Indeed, on Friday, US President Donald Trump announced a “historic moment for North America,” by approving the […]

IAG Announces New Trans-Atlantic Low-Cost Airline

The International Airlines Group (IAG) announced on Friday that they are launching a new airline called LEVEL. In a statement, IAG CEO Willie Wash explains: “LEVEL is an exciting new IAG airline brand which will bring a stylish and modern approach to flying at prices that are even more affordable.” IAG, of course, is the […]

Fed Rate Hike Could Squeeze Big Borrowers

It looks like the Federal Reserve will announce its decision to lifts its short-term interest rate benchmark, on Wednesday. The increase will be about one quarter of a percent, but this could be just the beginning of a series of changes set to go off throughout the economy as the FED aims to continue pushing […]

Loophole in Buy-America Order Means Keystone Pipeline Will Not Use American Steel

On Friday, a spokesperson at the White House said the Keystone XL Pipeline is exempt from the buy-America requirement because construction for the pipeline project had already begun. White House Deputy Press Secretary Sarah Sanders remarks: “The way that executive order is written, it’s specific to new pipelines or those that are being repaired.” Sanders […]

Wells Fargo Leads the Country in Affordable Housing Investments

Wells Fargo & Company may still be in the midst of earning back the public’s trust, but the recent controversy does not seem to affected its ranking as the number one investor in affordable housing across the United States. According to new research from the Cohn Reznick accounting firm, Wells Fargo is the leader in […]

JC Penney To Close Stores After Stock Hits All Time 52-Week Low

Long-popular retailer J.C. Penney has just announced the plan to close between 130 and 140 stores in the next few months. According to J.C. Penney Chief Executive Officer Marvin Ellison, the company believes that this effort will allow them to adjust the business “to effectively compete against the growing threat of online retailers.” Primarily, the […]

Federal Transit Administration Halts Major California Rail Development

On Friday, the United States Federal Transit Administration delayed a decision over the approval of a $650 million federal grant towards the electrification of a train system in the San Francisco Bay area which would further assist the development of California’s high-speed rail project. Apparently, Congressional Republicans pressured the administration to reject the present application […]

Is Snap Inc Ready For its Highly-Anticipated IPO?

It looks like Snapchat might be on track to hold the largest initial public offering of a stock for any Los Angeles-based company, in history. At the same time, though, should that happen, none of the region’s major start-up investors would profit from it. That’s because of the roughly $4 billion that Snap, Inc has […]