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Hyundai Planning Premium, Long-Range Electric Car

Hyundai Planning Premium, Long-Range Electric Car

Hyundai Motor Co. announced on Thursday that it would now place electric vehicles front and center of its overall product strategy, one that has plans for a premium, long-range electric vehicle as it attempts to catch up to today’s... 
Air Berlin Insolvent as Funding Plug Pulled by Etihad

Air Berlin Insolvent as Funding Plug Pulled by Etihad

Air Berlin has filed for insolvency due to Etihad Airways, its leading shareholder withdrawing financial support. This marks the second failure for a major airline in Europe in the last four months after the funding of Alitalia SpA... 
White Supremacist Website Daily Stormer Told By GoDaddy to Leave

White Supremacist Website Daily Stormer Told By GoDaddy to Leave

Daily Stormer the controversial white supremacist website must find a new domain provider after it was given the boot by GoDaddy. The company through a tweet said that it had informed Daily Stormer that they must move their domain... 
J.C. Penney Increasing Women’s Apparel Offerings

J.C. Penney Increasing Women’s Apparel Offerings

J.C. Penney is attempting to revive its sales through focusing on increasing one category that most retailers are fleeing from: apparel. On Friday, the retailer reported that sales at same stores of its apparel business had underperformed... 
Snap Has Another Difficult Quarter

Snap Has Another Difficult Quarter

Snap, the parent company for Snapchat, the message app went public during March of this year, and has been closely watched as a barometer for Wall Street and Silicon Valley. The tech world has been scrutinizing Snap as a bellwether... 
Lego Makes Sudden Switch of CEO

Lego Makes Sudden Switch of CEO

On Thursday Lego abruptly made a change at the top by replacing CEO Bali Padda following just eight months with the reins, replacing the Briton who is 61 with a younger industrialist from Denmark. Lego is battling to become the biggest... 
China Exports and Imports for July Weaker Than Were Expected

China Exports and Imports for July Weaker Than Were Expected

China’s imports and exports expanded much less than had been expected during July, increasing the worries over if global demand was beginning to cool even as major central banks across the West consider pulling back on years of huge... 
Trump Company Protecting Its Brand in Gambling Hub Macau

Trump Company Protecting Its Brand in Gambling Hub Macau

The company managing the Donald Trump brand moved to protect its name in Macau, the area of China that surpassed the Las Vegas strip to become the largest gambling market in the world. This move does not indicate necessarily that the... 
Bill Ackman Making Comeback With ADP in His Sights

Bill Ackman Making Comeback With ADP in His Sights

Bill Ackman the embattled activist investor has started his comeback, but it does not appear he picked a target that will be easy. Automatic Data Processing, the outsourcer that handles payroll checks for more than 26 million workers... 
Toyota Links Up With Mazda to Build Plant in U.S. for Electric Cars

Toyota Links Up With Mazda to Build Plant in U.S. for Electric Cars

Toyota Motor Corp. and Mazda Motor Corp. are planning to build an assembly plant in the U.S. for $1.6 billion, the two companies announced on Friday, as part of their alliance that also sees the two automakers from Japan jointly developing... 
Outsider Takes CEO Post at Oreo Maker Mondelez

Outsider Takes CEO Post at Oreo Maker Mondelez

Mondelez International on Wednesday named Dirk Van de Put as their new CEO. Van de Put prior to taking over as CEO at Mondelez was the head of McCain Foods the frozen foods maker in Canada. He will be replacing long-time CEO Irene... 
Pfizer Misses on Revenue After Fall in Demand for Prevnar

Pfizer Misses on Revenue After Fall in Demand for Prevnar

Pfizer Inc. posted quarterly revenue that missed estimates on Wall Street Tuesday, hurt from the drop in demand for Prevnar its blockbuster vaccine for pneumonia, along with other older drugs. Prevnar sales were down by 8.2% ending... 
Google’s Music Streaming Services To Be Merged

Google’s Music Streaming Services To Be Merged

The head of music at YouTube, Lyor Cohen, has revealed that the firm intends to merge YouTube Red with Google Play Music with a view to creating a new streaming service. Cohen’s revelation comes after he was quoted in a report that... 
Samsung In Record Profits As It Frets Over iPhone 8

Samsung In Record Profits As It Frets Over iPhone 8

On Thursday Samsung released its second quarter earnings report which revealed that the conglomerate made record profits arising largely from strong component sales. During the same period sales of the Galaxy S7 were eclipsed by those... 
JCPenney Now Supports Apple Pay In All U.S. Outlets

JCPenney Now Supports Apple Pay In All U.S. Outlets

JCPenney has announced that it is now accepting payments through Apple Pay at its outlets. Additionally JCPenney’s credit card will be made available on Apple’s payment platform and this will allow users of credits card to earn... 
AT&T’s Sponsorship Of Major League Soccer Extended

AT&T’s Sponsorship Of Major League Soccer Extended

AT&T has announced an extension of the sponsorship agreement it has with Major Soccer League’s commercial arm, Soccer United Marketing. The new deal will see the largest telecommunications company in the world continue sponsoring... 
Network Speeds Of AT&T And Verizon Being Harmed By Unlimited Data Plans

Network Speeds Of AT&T And Verizon Being Harmed By Unlimited Data Plans

According to Neville Ray, the chief technology officer of T-Mobile, the reason that the network speeds of AT&T and Verizon have become stifled is because of the reactive decision by the two telecommunication operators to expand... 
Alibaba Opens More Physical Stores As It Pursues Online-Offline Strategy

Alibaba Opens More Physical Stores As It Pursues Online-Offline Strategy

Three new physical stores have been opened by Alibaba Group in Shanghai and Beijing as the online retail giant pushes its online-offline strategy by increasing the number of physical locations it has across China to 13. The new retail... 
Waymo Takes Its Driverless Cars To Death Valley For Extreme-Heat Testing

Waymo Takes Its Driverless Cars To Death Valley For Extreme-Heat Testing

Alphabet’s driverless car unit, Waymo, has revealed that it has been trying out how its autonomous cars work in extreme weather conditions. Waymo’s self-driving cars have already been tested out in South Lake Tahoe’s snowy terrain... 
Ads On Messenger To Be Widely Rolled Out

Ads On Messenger To Be Widely Rolled Out

After conducting tests in Thailand and Australia, Facebook has announced that it will start displaying ads on its Messenger app. In a blog post, the Palo Alto, California-based tech company revealed that the effort would start on a... 
Microsoft And KPMG Unveil Global Alliance By Launching Strategic Initiative

Microsoft And KPMG Unveil Global Alliance By Launching Strategic Initiative

Microsoft and KPMG have unveiled a global alliance which will see the two multinationals establish a strategic initiative known as Digital Solution Hub. The initiative will offer cloud digital solutions with a view to enabling digital... 
Baidu And Nvidia Form Artificial Intelligence Partnership

Baidu And Nvidia Form Artificial Intelligence Partnership

Baidu, the Chinese search giant, and Nvidia, the graphics-processing pioneer, have announced a partnership on artificial intelligence which will encompass consumer devices, autonomous driving and cloud computing. The Chinese search... 
Volvo Is Not Going to Sell Combustion-Only Engine Vehicles Anymore

Volvo Is Not Going to Sell Combustion-Only Engine Vehicles Anymore

Automaker Volvo has just announced that it is switching all operations over to electrical vehicles and, as such, will no longer manufacture combustion-only cars, starting in 2019. Essentially, all Volvo vehicles after this will be... 
High-End Jean Company True Religion Files for Chapter 11 Bankruptcy Protection

High-End Jean Company True Religion Files for Chapter 11 Bankruptcy Protection

Upscale denim company True Religion Apparel Inc announced, on Wednesday, it has filed bankruptcy reorganization. This makes it just the latest in a string of Southern California apparel companies to fall to the online shopping boom. Indeed,... 
Car Sales Forecasts Lowered By General Motors

Car Sales Forecasts Lowered By General Motors

General Motors has indicated that it expects sales of vehicles to fall in the wider industry. This is the latest sign that the auto market in the United States is slowing down following a record growth run. In a conference call with... 
Alphabet Staring At Record $1.2 Billion Antitrust Fine In Europe

Alphabet Staring At Record $1.2 Billion Antitrust Fine In Europe

Alphabet is staring at a record fine in Europe over claims it engaged in unfair practices all intended to stifle competition from rivals. According to people with knowledge of the matter, the search giant could incur a $1.2 billion... 
YouTube Launches New VR Video Format

YouTube Launches New VR Video Format

YouTube has launched a new virtual reality format known as VR180. The new format will offer users of PlayStation VR, Google Cardboard or Daydream headsets the capacity to enjoy videos immersively in three dimension. Though users will... 
Nike To Sell Directly On Amazon As Shopping Habits Change

Nike To Sell Directly On Amazon As Shopping Habits Change

According to a client note prepared by Goldman Sachs, Nike is close to finalizing plans to sell its products directly on Amazon without having to go through intermediaries. With the expectation that this would increase competition... 
Power Units At General Electric Merged As GE Power Chief Departs

Power Units At General Electric Merged As GE Power Chief Departs

General Electric’s energy and power distribution businesses will be combined to create the conglomerate’s biggest unit by revenue. This came as the highest-ranked executive at General Electric Power, Steve Bolze, revealed that... 
China Eastern Airlines Flight Cancelled After Engine Failure

China Eastern Airlines Flight Cancelled After Engine Failure

Flight MU736, a China Eastern Airlines flight that was headed to Shanghai from Sydney, was forced to cancel the journey and return to Sydney Airport after an engine problem was reported. This was about an hour after takeoff. Flight... 
Tesla’s Road To The Top As It Eyes The Mass Market

Tesla’s Road To The Top As It Eyes The Mass Market

With the stock of Tesla having appreciated by 65% this year, the market value of the electric car maker has now surpassed that of General Motors and Ford. Tesla has a market value of $59 billion compared to General Motors’ $52 billion... 
Lyft And Uber To Return To Austin After Fingerprinting Overruled

Lyft And Uber To Return To Austin After Fingerprinting Overruled

Following the intervention of state lawmakers, Lyft and Uber are set to resume operations in Austin, Texas. In a new legislation signed into law by the Governor of Texas, Greg Abbott, the state has been given the power to regulate... 
Artist Makes Peeing Statue To Debase Wall Street’s ‘Fearless Girl’

Artist Makes Peeing Statue To Debase Wall Street’s ‘Fearless Girl’

Angered by the fact that the statue of the ‘Fearless Girl’ had been placed right across the ‘ Charging Bull’ statue of Wall Street, Alex Gardega, a sculptor based in New York, chose to express his displeasure with another statue... 
Amazon Launches A Physical Bookstore In New York

Amazon Launches A Physical Bookstore In New York

Ecommerce giant Amazon opened its first physical store in New York on Thursday. The store which is located at the Time Warner Center, will sell a select number of books picked from among the ones that are the highest rated on its website. Besides... 
Heavy-Duty Drones Being Developed By Chinese Online Retailer JD.Com

Heavy-Duty Drones Being Developed By Chinese Online Retailer JD.Com

JD.com, a Chinese online retailer, has revealed that it is working on heavy-duty drones that will be useful in making deliveries for loads weighing 1,000 kilos or even more. Initially, the heavy-duty drones will be deployed in the... 
Takata Airbag suit Plaintiffs Settle with Four Automakers

Takata Airbag suit Plaintiffs Settle with Four Automakers

After several years, the plaintiffs in a class-action lawsuit against auto manufacturers over defective Takata airbag inflators may finally be able to rest a little easier. That is because four major automakers named in the suit—BMW,... 
The  Legend Of Zelda Being Developed For Smartphones

The Legend Of Zelda Being Developed For Smartphones

Reports indicate Nintendo is planning to release a smartphone version of its franchise The Legend of Zelda. According to a report that appeared in The Wall Street Journal, the smartphone game will be launched after the unveiling of... 
Canned Tuna Company Bumble Bee Foods Agrees to Plead Guilty in Price Fixing Scheme

Canned Tuna Company Bumble Bee Foods Agrees to Plead Guilty in Price Fixing Scheme

San Diego-based tuna fish canning company, Bumble Bee Foods has just agreed to pay a $25 million fine following a guilty plea in a conspiracy to fix prices of shelf-stable canned tuna from 2011 to 2013. The United States Department... 
China’s First Giant Passenger Aircraft Ready For Maiden Test Flight

China’s First Giant Passenger Aircraft Ready For Maiden Test Flight

The C919, China’s first giant passenger jet that has been designed and built domestically is set to make its maiden test flight on Friday. Set to enter service two or three years from now, the aircraft which was first unveiled close... 
Canned Dog Food Brand Recalls Two Lots of Products Over Euthanasia Drug Concerns

Canned Dog Food Brand Recalls Two Lots of Products Over Euthanasia Drug Concerns

Party Animal is a pet food company based in California known best for its organic and mostly-organic “healthy” canned pet food options. Unfortunately the company has issued a recall this week over two types of canned dog food over... 
Former Microsoft CEO Launches Website Showcasing Government Spending

Former Microsoft CEO Launches Website Showcasing Government Spending

Steve Ballmer, the former chief executive officer of Microsoft and owner of the Los Angeles Clippers basketball team, has launched a website aimed at helping members of the public understand how their taxes are spent by local and state... 
Chairman And CEO Of Wells Fargo Buy Company Stock Amidst Scandal

Chairman And CEO Of Wells Fargo Buy Company Stock Amidst Scandal

Stephen Sanger, the chairman of Wells Fargo and Tim Sloan, the chief executive officer of the bank have together purchased close to 100,000 of the company’s shares. The combined total value of the stock the two bought was slightly... 
Apple Emerges As The Biggest Software Seller From The West In China

Apple Emerges As The Biggest Software Seller From The West In China

A report released by Macquarie Capital has revealed that Apple is the largest seller of software from a Western country in China. This is based on the high number of purchases made on Apple’s application stores that are aimed at... 
More High-Profile Executive Hemorrhage For Uber As Communications Boss Quits

More High-Profile Executive Hemorrhage For Uber As Communications Boss Quits

Uber’s public relations boss, Rachel Whetstone, is quitting the company after serving in the position for two years. This was communicated by the chief executive officer of Uber, Travis Kalanick, in an internal email. “I wanted... 
Taser Changes Name To Axon As It Eyes Software Business

Taser Changes Name To Axon As It Eyes Software Business

Taser International Inc is making a name change and will henceforth be known as Axon. This comes as the maker of stun guns signals a move towards software. According to Rick Smith, the chief executive officer of Taser, dropping the... 
Will Trump’s FDA Nominee Succeed at Getting Lower Generic Drug Prices?

Will Trump’s FDA Nominee Succeed at Getting Lower Generic Drug Prices?

Since his inauguration, President Donald Trump has made some questionable decisions but at least one of his cabinet picks appears to be moving in the same direction as the rest of the country. Trump’s newly appointed head of... 
Bill Gross Settles With Pimco for $81 Million

Bill Gross Settles With Pimco for $81 Million

When Pacific Investment Management Co (PIMCO) forced star bond fund manager Bill Gross to resign, he accused the company of doing so in order to divide his bonus among other fund managers.  Of course, upon his departure he entered... 
Saudi Reports Drop In Exporting Oil to US, But Will It Last?

Saudi Reports Drop In Exporting Oil to US, But Will It Last?

On Friday, oil prices continued to move higher, this time on the heels of Saudi Arabia announcing that the volume of oil it will export to the US is falling and will remain at lower levels. A consulting firm does insist, however, that... 
McDonald’s Looks to the Future with the Introduction of Mobile Ordering

McDonald’s Looks to the Future with the Introduction of Mobile Ordering

Apparently, McDonald’s Corp has begun testing its very long-anticipated US mobile ordering app. The goal of this strategy is to avoid the kinds of service speed bumps that many big food companies like Starbucks have discovered... 
Spanish Fuel Company Makes Biggest Oil Find in Alaska in Thirty Years

Spanish Fuel Company Makes Biggest Oil Find in Alaska in Thirty Years

A massive spate of oil has been discovered in Alaska, the largest onshore find in the United States in at least the last thirty years. As such, the impressive find of conventional oil—on state land—could provide some relief to...