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Hewlett-Packard Enterprise To Cut 5,000 Jobs, Or 10 Percent Of Its Global Workforce: Report

Hewlett-Packard Enterprise is preparing for a massive round of layoffs. Sources say the company is going to cut as much as 5,000 jobs worldwide, reportedly as a cost-cutting measure.

Business

It’s Official: Google Is Buying Part Of HTC’s Smartphone Team For $1.1 Billion, But HTC Will Remain

After rumors of Google’s alleged plan to acquire HTC, the company has now officially announced that it’s buying off a part of HTC’s smartphone team for $1.1 billion. The deal should help Google make better Pixel phones.

Business September 21, 2017

Google Might Acquire HTC To Make More Pixel Phones In The Future: Report

Google might be in the final stages of acquiring smartphone maker HTC, reports said. The move allegedly aims to unify and integrate many aspects involved in developing future Pixel phones.

Business September 8, 2017

Amazon HQ2 Will Be As Big As The One In Seattle: Here’s Why US Cities Will Fight For It

Amazon has announced that it’s on the prowl for a city to build a second headquarters in. Amazon HQ2 has quite the list of requirements, though the potential economic benefits make up for it.

Business September 8, 2017

The $400 Juicero Machine Tried Hard To Be Keurig And It Failed

Juicero, the company behind the $400 juicer, is no more. The venture-backed startup, which has faced immense mockery for its product, announced that it's shutting down after 16 months.

Business September 2, 2017

Roku Files For IPO, But The Streaming Device Company Isn’t Profitable Yet

Roku has decided to go public. Despite not being profitable yet, it is the most successful streaming hardware company in the market - rivaling Google, Amazon, and Apple.

Business September 2, 2017

Dara Khosrowshahi To Take Uber Public In 18 To 36 Months, But It Must ‘Pay The Bills’ Before Taking ‘Big Shots’

Dara Khosrowshahi held an all-hands meeting at Uber where he discussed his plans for Uber’s future. The ride-hailing company’s business and culture are his top two priorities.

Business August 31, 2017

On Its First Day Owning Whole Foods, Amazon Slashes Prices Dramatically, Sells Discounted Amazon Echo Devices In-Store

Amazon’s Whole Foods acquisition has taken effect. Not only has Whole Foods slashed down prices of some products, but it has also begun selling Amazon Echo devices inside physical store locations.

Business August 29, 2017

The New CEO Of Uber Is Expedia Chief Dara Khosrowshahi, And He Has A Tough Job Ahead Amid Company Scandals

Uber’s two-month search for a new CEO has come to an end. The company has picked Expedia Chief Dara Khosrowshahi to replace Travis Kalanick, but actually, it’s not a fabulous job.

Business August 28, 2017

As HTC Considers Selling Its Vive Virtual Reality Business, Palmer Luckey Ponders If He Should Acquire It

Oculus Rift creator and cofounder Palmer Luckey asked Redditors if he should buy the HTC Vive. No, not the headset, but the company’s actual virtual reality arm.

Business August 27, 2017

HTC Still Struggling, So It's Thinking To Sell Or Spin Off Its Vive Virtual Reality Division

HTC, which continues to struggle in the cutthroat smartphone industry, is reportedly planning to sell or spin off its Vive virtual reality business. There is also the possibility that HTC will sell the entire company.

Business August 25, 2017

FTC Approves Amazon’s $13.7 Billion Whole Foods Acquisition: Critics Worry Over Antitrust Issues

The Federal Trade Commission has given Amazon the green light to proceed with its acquisition of Whole Foods, a landmark decision that will put Amazon in the brick-and-mortar map. Critics, however, are disappointed.

Business August 24, 2017

Uber Did Better In The Second Quarter Despite All The Drama, But Still Needs To Get Its Act Together Soon

Uber did better in the second quarter compared to the first quarter, as the ride-hailing service booked higher revenues. The company improved its performance despite all the drama and turmoil, but it still needs to solve these problems quickly.

Business August 24, 2017

MoviePass Will Let You Watch A Movie Every Day For $10 Per Month Like Netflix But In Exchange For Your Privacy: Good Deal?

MoviePass, a Netflix-style subscription service for new movies, will charge only $10 per month to allow members to watch one movie every day in theaters. In exchange, subscribers will allow data collected from them to be sold to the highest bidder.

Business August 15, 2017

Apple And Aetna Teaming Up? Partnership With Insurance Company Will Bring The Apple Watch To Millions Of Members

Executives of Apple and Aetna were in a series of invitation-only meetings last week. The companies are reportedly discussing a partnership that would offer discounted, and possibly even free, Apple Watches to Aetna customers.

Business August 15, 2017

Google Fires Employee Behind Controversial Anti-Diversity Memo, But This Is Not Yet Over

Google has fired James Damore, the senior software engineer behind the controversial anti-diversity memo that rocked the company over the weekend. However, despite his dismissal, the discussion on the topics raised in the document will not yet end.

Business August 8, 2017

Netflix Buys Comic Book Publisher Millarworld In A Big Push For Superhero Content

Netflix has officially bought Millarworld, signaling several possible adaptations from characters in Mark Millar’s comic book universe. Millar failed to contain his excitement, saying the whole thing is going to be brilliant.

Business August 8, 2017

Travis Kalanick Won’t Return As CEO, Says Uber Board Member: Search For ‘World-Class CEO’ Still Underway

One of Uber’s board members has confirmed that Travis Kalanick will not be returning as the company’s CEO. Previous reports suggested Kalanick was planning to return Steve Jobs-style.

Business August 8, 2017

With Meg Whitman Out, Uber’s Candidate List For Next CEO Is Just A Roomful Of Males

Meg Whitman just bowed out of possibly helming Uber in place of ousted Travis Kalanick. The company’s board now struggles to decide on its next CEO, and it now has to pick from a bunch of men.

Business August 1, 2017

Charter Claims ‘No Interest’ In Sprint Acquisition After SoftBank Lays Out Proposal

Charter has rejected SoftBank’s proposal to merge it with Sprint and make a new company that offers wireless services. SoftBank won’t give up yet; however, it plans on making a direct offer shortly.

Business July 31, 2017

AltspaceVR Shuts Down Due To Money Problems: Failed Funding Round, Slow VR Market Growth To Blame

One of the pioneers on social VR spaces, AltspaceVR, has officially announced that it’s shutting down. The fallout sprung from financial troubles and the VR market’s slow growth.

Business July 29, 2017

Prime Day Was Bigger Than Cyber Monday Or Black Friday

This year's Prime Day was one of the biggest days in Amazon's history. Sales surpassed those of Black Friday and Cyber Monday.

Business July 14, 2017

Uber Merger With Russian Rival Yandex On The Horizon: Another Loss For The Ride-Hailing Service After Exiting China

Uber has agreed to a merger of its ride-hailing service in Russia with rival Yandex. The transaction is another loss for Uber after exiting China last year, as the company backs off from a once very aggressive international expansion push.

Business July 14, 2017

Twitter's New CFO Is Former Goldman Sachs Director Ned Segal

Twitter has finally found a CFO after an eight-month search. Former Goldman Sachs managing director will take the CFO position from Anthony Noto, who has helmed the position for months.

Business July 12, 2017

Challenge Accepted: Australia Picks Tesla To Solve Electricity Woes In 100 Days

Elon Musk opened the challenge to solve South Australia’s power crisis with a 100-day guarantee. Australia’s government has given Tesla the contract after a bidding war.

Business July 7, 2017

Jawbone To Close Up Shop As CEO Kicks Off New Startup Jawbone Health Hub

Jawbone, once a formidable name in the wearable technology landscape, will reportedly soon shut down entirely after a series of company struggles. The CEO, however, has already launched what appears to be its successor, Jawbone Health Hub.

Business July 7, 2017

500 Startups Changes Leadership As Sexual Harassment Shakes Silicon Valley

500 Startups co-founder Dave McClure has resigned after admitting he was a 'creep' and hit on women in work-related environments. Amid the whole sexual harassment matter, Christine Tsai took over as CEO.

Business July 4, 2017

Microsoft Job Cuts Imminent: Thousands Of Layoffs Reportedly Planned For This Week

Microsoft has been trying to reorganize its salesforce and reportedly plans more layoffs worldwide. The company is expected to announce thousands of job cuts this week.

Business July 3, 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 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 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 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 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 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 June 18, 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 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 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 June 14, 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 June 13, 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 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 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 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 June 8, 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 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 June 7, 2017

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