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Former Uber CEO Travis Kalanick Knew Self-Driving Car Chief Stole Google Secrets, Says Waymo

As the Uber-Waymo lawsuit keeps unraveling, a new court filing claims that former Uber CEO Travis Kalanick knew about the information stolen from Google. Kalanick reportedly became aware of the matter last year.

Business Tech June 23, 2017

Uber Keeps Bleeding Executives: Travis Kalanick Resigns As CEO At Shareholders' Request

Uber has been struggling to handle an executive exodus and sexual harassment allegations, and now it's headed into a new chapter. Amid mounting pressure from shareholders, Travis Kalanick has resigned as CEO.

Business Tech June 21, 2017

Ford Announces New Focus Manufacturing Plans, Shifts Production From Mexico To China

Ford has revealed its plans to move production of the all-new Focus from Mexico to China, following its decision to scrap the project to build a plant in San Luis Potosi.

Business Tech June 21, 2017

You Can Now Tip Your Uber Driver As Ride-Hailing Service Undergoes Overhaul

Uber customers all over the United States will soon be able to tip their drivers, with the feature made available first in Houston, Minneapolis, and Seattle. The move is part of what Uber calls '180 Days of Change.'

Business Tech June 21, 2017

After Whole Foods, What Industries Will Amazon Conquer Next?

Where does Amazon go now that it has bought Whole Foods? Here are some thoughts on what industries Amazon may expand into after Whole Foods.

Business Tech June 19, 2017

Google Could Face Massive Fine In Europe Over Shopping Tools

A report revealed that the European Commission could fine Google over a billion dollars for intentionally steering search engine users to its own shopping service. This promotion was viewed as misuse of Google's monopoly in internet search.

Business Tech June 19, 2017

Amazon CEO Jeff Bezos Needs $5 Billion To Become The Richest Person In The World

Bill Gates is still the world’s richest person, according to the Bloomberg Billionaires Index, which sees Bezos behind the Microsoft cofounder. However, he only needs $5 billion more to surpass Gates.

Business Tech June 19, 2017

As Amazon Acquires Whole Foods, 1 More Job Could Be Made Obsolete By Technology

Amazon has recently announced plans to acquire the supermarket chain Whole Foods for $13.7 billion. While it promises not to replace workers with robots, it may still be taken as a sign that cashiers are becoming among the jobs made obsolete by technology.

Business Tech June 18, 2017

Amazon Buys Whole Foods: Here’s How The Deal Will Likely Affect Other Food Players

Amazon will probably spark major changes in the food industry with its recent acquisition of Whole Foods for $13.7 billion. Learn how U.S. supermarkets and food delivery sites could transform given this new development in the industry.

Business Tech June 18, 2017

Amazon Acquires Whole Foods For $13.7 Billion: Workers To Be Replaced With Robots?

Amazon has begun the process of its $13.7 billion Whole Foods acquisition, providing it a wealth of physical stores to experiment or grow its retail business with. Questions about Amazon’s plans for automation within stores have also begun rising.

Business Tech June 17, 2017

Rape Victim Sues Uber For Obtaining And Sharing Her Medical Records

An Indian woman filed rape and won against an Uber driver in India in 2014. Now, she has alleged that the company, its three executives including CEO Travis Kalanick in particular, obtained her medical records illegally to discredit her.

Business Tech June 16, 2017

Snap Share Price Sinks To IPO Level For The First Time Since Going Public: What's Going On?

Snap Inc., the owner of Snapchat, saw its stocks fall to $17, which is the company's share price for its initial public offering. Will Snap be able to recover after falling from its peak high of $29.44 per share?

Business Tech June 15, 2017

Amazon Interested In Buying Slack For More Than $9 Billion

Amazon is reportedly interested in buying Slack for over $9 billion and the idea isn't as strange as it looks. Here's why Amazon might be interested in the cloud-based messaging service.

Business Tech June 15, 2017

Partnership With Tesla Could Help Apple Develop Autonomous Cars: Morgan Stanley Analyst

A Morgan Stanley analyst shared that it would be profitable for Apple to partner with Tesla to build technology for autonomous cars. Apple's CEO Tim Cook recently revealed that the company is trying to build autonomous car tech.

Business Tech June 15, 2017

Foxconn Contemplates Building A Factory In Wisconsin

A new report indicated that Foxconn may be contemplating building a factory in Wisconsin. In January, the company stated that it intended to invest $7 billion in a factory located in the United States.

Business Tech June 15, 2017

Uber's Top Is Looking Empty: Here Are The Vacancies The Company Needs To Fill

With Travis Kalanick taking some time off as Uber’s CEO, in addition to unfilled top executive roles, the ride-hailing company’s path forward is unclear. That said, a corporate restructuring is exactly the chance Uber needs to change its workplace culture.

Business Tech June 14, 2017

Uber Meeting About Sexism Goes Awry As Board Member Makes Sexist Joke (UPDATE: David Bonderman Resigns)

The all-hands meeting of Uber regarding CEO Travis Kalanick and the rampant sexism in the workplace took a hard turn toward the wrong way when board member David Bonderman inappropriately made a sexist joke.

Business Tech June 13, 2017

It's Official: Verizon Purchases Yahoo For $4.5 Billion, Marissa Mayer Resigns From The Company

After months of negotiations, Verizon has completed its purchase of Yahoo. The wireless cell phone carrier purchased Yahoo for $4.5 billion, with plans to include it as part of its Oath brand.

Business Tech June 13, 2017

Sony Sells More Than 60 Million PlayStation 4 Units Worldwide

Sony revealed that it sold 60.4 million PlayStation 4 units worldwide. The company also shared that it sold 487.8 million copies of games through its retail and digital stores.

Business Tech June 13, 2017

Uber CEO Travis Kalanick Leave Of Absence Under Discussion

Travis Kalanick, Uber’s CEO, might be asked to take some time off following the results of an independent investigation by former attorney general Eric Holder. That report allegedly paints an ugly portrait of Uber’s workplace culture.

Business Tech June 12, 2017

FAAMG Stock Has A Sharp Drop, Could It Lead To Another Tech Bubble?

Despite companies such as Google and Facebook leading the stock market for several years, the members of FAAMG saw a surprising stock drop on Friday, June 9. Is it possible that this could lead to a second tech bubble?

Business Tech June 10, 2017

Tim Cook, Jeff Bezos To Attend American Technology Council Meeting At White House

Despite the criticisms, Tim Cook is going to attend the first meeting of Donald Trump's American Technology Council at the White House. This will include other CEOs such as Jeff Bezos and Satya Nadella as they discuss how to modernize the government.

Business Tech June 10, 2017

SiriusXM Invests $480 Million To Pandora After Its Failed Takeover

Since December, SiriusXM has been in on-and-off talks with Pandora in an attempt to purchase the streaming radio entity. While that is no longer the case, Sirius will now have a major stake in Pandora with a $480 million investment.

Business Tech June 9, 2017

Verizon Acquires Yahoo And Plans To Cut 2,000 Jobs

Yahoo has finalized the sale of its assets to Verizon which could result in the loss of 15 percent of its workforce. Verizon intends to use Yahoo and AOL to create a new company known as Oath.

Business Tech June 8, 2017

More Than 66 Sears And Kmart Stores Are Closing Down

Sears Holdings Corp. will close more than 66 Sears and Kmart stores by September. The closure will be in addition to the 150 stores that will be shut down by July.

Business Tech June 8, 2017

Uber Ordered To Hand Over Otto Due Diligence Report In Waymo Lawsuit, Judge Rules

Uber now has to provide the due diligence report related to its $680 million acquisition of Otto, which it has so far tried to keep secret. Waymo believes the report can show evidence about Uber’s trade-theft practices.

Business Tech June 7, 2017

Uber Executive Fired Over Handling Of Rape Case In India In 2014

Uber has been working overtime to salvage its image, recently firing 20 employees as a result of legal probes into the company. Another firing has joined the list, with a top level executive being let go over the handling of a 2014 rape case in India.

Business Tech June 7, 2017

China Is The Next Market Ripe For Tesla And Elon Musk

Over the last few years, Tesla has been growing in popularity since it's a well-designed and functioning electric car with all the bells and whistles of a luxury car brand. Now, Elon Musk's path to world domination will continue thanks to the booming market of China.

Business Tech June 7, 2017

20 Uber Employees Sacked Over Harassment Claims Against The Company

Uber reported that it sacked 20 of its employees as a result of the probe being carried out on the alleged harassment cases. The company also revealed its plan of training the company managers.

Business Tech June 7, 2017

Uber Gains 2 Female Leaders: Apple's Bozoma Saint John, Harvard Professor Frances Frei

Uber has gained two top-ranking female executives to help with its controversial workplace sexism problem. Bozoma Saint John will take Uber’s chief brand officer role, while Frances Frei will take Uber’s senior VP for leadership and strategy role.

Business Tech June 7, 2017

Amazon Offers Prime Discount For Those On Government Assistance

Amazon has announced steep discounts to Prime for members on government assistance. Qualifying customers will see the monthly membership fees cut to $5.99.

Business Tech June 6, 2017

Trump Organization Launching Affordable 'American Idea' Hotel Chain

The Trump Organization announced plans to launch a new 'American Idea' mid-market hotel chain with a patriotic theme. The first hotels will open in Mississippi, where Trump won by 18 percentage points in the presidential race.

Business Tech June 6, 2017

ABC News Faces $5.7 Billion Lawsuit Over 'Pink Slime' Story

South Dakota meat processing company Beef Products Inc. accused ABC News of misreporting and causing intentional harm to the firm and its employees. The meat company sued ABC News for $5.7 billion in damages.

Business Tech June 6, 2017

Following Criticism Over Surge Pricing, Uber Offers Refunds To Riders Who Used Its Service In London Attack Aftermath

Uber went under fire over surge pricing following the terrorist attack in London on Saturday, June 3, but it's making things right. The company issued refunds to all passengers who used its service within the affected areas.

Business Tech June 5, 2017

Apple And Amazon Back Foxconn To Buy Toshiba Chip Division, But The Bidding War Is Fierce

Foxconn has joined the bidding war for Toshiba's chip business, and Apple and Amazon are among its backers, ready to 'chip in with funds.' Even so, Foxconn may still not have much of a chance.

Business Tech June 5, 2017

Social Media Vetting Is Official: US Visa Applicants May Have To Disclose Their Social Media Names

The State Department has formally approved the Trump administration's proposal for tougher vetting that would cover one's social media presence as well. A new visa application questionnaire requires applicants to submit their social media handles from the past five years.

Business Tech June 2, 2017

Walmart Wants Store Employees To Deliver Orders On Their Way Home From Work: Here's Why It's A Great Idea

Walmart has come up with an ingenious way to handle order delivery, having its store workers deliver packages on their way home from work, using their own cars. It might sound odd, but here's why it's a great idea.

Business Tech June 2, 2017

Uber's Head Of Finance Leaves The Company And Joins As COO In A Bay Area Startup

Uber's de-facto CFO Gautam Gupta resigned from the company to join a San Francisco Bay startup. The sudden resignation adds to Uber's problems, as the company faced financial losses and is also embroiled in a lawsuit.

Business Tech June 2, 2017

JetBlue Emergency Landing Highlights The Risk Of Trump's Laptop Ban

Back in March, the Trump administration issued a travel ban on large electronics in airline cabins. However, an emergency landing for a JetBlue flight highlights the risk of the ban.

Business Tech May 31, 2017

Uber Fires Self-Driving Chief Anthony Levandowski After Waymo Lawsuit

Uber and Waymo’s legal battle is heating up even more. The ride-hailing company has now fired top engineer Anthony Levandowski, the one who allegedly stole documents from Waymo.

Business Tech May 31, 2017

Amazon Hits Milestone With Stock Shares Hitting $1,000 For The First Time

Amazon has come a long way since Jeff Bezos started the Seattle-based company back in 1994. Now, over 20 years later, the company's success was reflected in the stock market with a milestone share price.

Business Tech May 30, 2017

BMW Blames Bosch For Production Problems Arising Due To Short Supply Of Parts

BMW's luxury car production came to a standstill after Bosch failed to supply essential parts to the carmaker. BMW is expected to incur losses of over $600 million due to the shortage.

Business Tech May 31, 2017

Not Halal Pepperoni: Muslim Man Sues Little Caesars Over Pork Topping On Pizza

A Muslim man in Dearborn, Michigan, has filed a $100 million lawsuit against Little Ceasars Pizza, saying he was served and unknowingly consumed pork despite ordering halal pepperoni pizza. Learn more about this pizza lawsuit.

Business Tech May 29, 2017

Uber Legal Problems Pile Up Because Of Waymo Case And Self-Driving Trucks

The last few months haven't been kind to Uber, with every sort of legal problem hitting the company. That pile just got a little bigger thanks to the Waymo case and Uber's self-driving vehicle program.

Business Tech May 26, 2017

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