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Here Are The Reasons Why You Should Avoid Buying The Snap IPO

Some analysts have predicted that Snap's IPO will be one of the biggest in the tech industry. Despite the high level of investor interest, there are some factors that indicate how it could be a bad investment.

Business

JC Penney Downing Shutters On 130 Stores, Following Disappointing Revenue

JC Penney is planning to shut down 130 stores due to falling revenue profits. The company will also offer working a voluntary early retirement program to nearly 6000 eligible employees.

Business February 25, 2017

After Claims Of Sexism, More Stories Of Uber’s Abusive Workplace Culture Surface

After former employee Susan Fowler revealed the workplace sexism she allegedly experienced at Uber, more negative stories of the company's workplace culture have surfaced, including homophobic slurs and instances of sexual harassment.

Business February 23, 2017

Verizon Ranks Top In Latest RootMetrics Report: Most Reliable Network In US

RootMetrics published its latest report on Thursday, Feb. 23, revealing that Verizon is still the most reliable network in the United States. The report ranks AT&T second, followed by Sprint and T-Mobile.

Business February 23, 2017

Uber Employees Report 'Honest, Raw And Emotional' Staff Meeting Amid Scandal Over Sexist And Abusive Workplace Culture

Uber CEO Travis Kalanick held an 'honest, raw and emotional' staff meeting about sexism, after a former engineer detailed a sexist, discriminatory and abusive workplace culture. Uber employees said Kalanick apologized and seemed truly invested into sorting this out.

Business February 22, 2017

Walmart Online Sales Soars, Helping It Better Compete With Amazon

Walmart saw a rise of 29 percent in its online sale numbers in its fourth quarter fiscal earnings. The rise in sales numbers has now made Walmart the second largest online retailer in the U.S. after Amazon.

Business February 22, 2017

Samsung's US Reputation Dips, Ranking Drops By 42 Places: Galaxy Note 7 Fiasco To Blame?

Samsung's reputation plunges after the whole Galaxy Note 7 fiasco, with its ranking dropping by 42 places. It's no longer among the top 10 brands in the United States, according to a new poll.

Business February 20, 2017

Kraft Heinz Withdraws $143 Billion Unilever Acquisition Bid

Kraft Heinz has withdrawn its $143 billion acquisition proposal after Unilever rejected the bid. Unilever has reportedly rejected the bid from the American company as it did not see any financial merit.

Business February 20, 2017

Faraday Future Promises To Jumpstart Construction Of Nevada Plant Amid Financial Turmoil

Faraday Future will push through with its factory in Nevada. The company says construction has entered a competitive bidding process.

Business February 19, 2017

T-Mobile, Sprint Merger Talks May Be Revived: SoftBank Now Willing To Give Up Control

Talks to merge T-Mobile and Sprint, No. 3 and No. 4 among U.S. wireless carriers, may be revived in a few months. Sprint majority owner SoftBank is now willing to cede control of the combined entity.

Business February 18, 2017

Spotify-Backed Soundtrack Your Brand Gets $22 Million Investment To Bring Music Streaming Services For Businesses

Spotify-backed Soundtrack Your Brand has raised $22 million in a new round of funding. The background music company intends to use the money to grow its global footprint.

Business February 17, 2017

This Image Of Putin Embracing A Pregnant Donald Trump Is Something You Just Can’t Unsee

The new dating app Hater has made Valentine's Day memorable for New Yorkers by throwing a stunt featuring Russian leader Vladimir Putin and U.S. President Donald Trump.

Business February 16, 2017

Donald Trump 'A Blessing In Disguise,' Says India's Richest Man

India's richest man Mukesh Ambani believes that Donald Trump is 'a blessing in disguise' for the country. He noted that Trump's immigration policy would bring back talented Indians to their home country and resolve the issues plaguing the IT sector.

Business February 16, 2017

Google Waymo Staff Leaves After Being Paid Loads Of Money

Google Waymo top executives have left the company after receiving a lot of money, says Bloomberg. Staff were leaving because they were more or less financially secure.

Business February 15, 2017

Facebook Agrees To MRC Audit To Regain Advertisers' Trust, Promises 'Accountability And New Choices'

Facebook has announced new measures to regain advertisers' trust, including a Media Rating Council audit. The company also pledges greater transparency, accountability, and new choices for marketers.

Business February 11, 2017

Fitch Tags Trump As Risk To Global Economy, Cites Severed Ties And Policy Changes As Likely Threats

In a Fitch report on the Trump administration, analysts harped on the unpredictability of U.S. policy and the willingness to sever established international ties as factors that could destabilize global markets. How else does Trump's rule merit these grim predictions?

Business February 11, 2017

Verizon Loses Its Only Edge Over T-Mobile, Says OpenSignal Report

Verizon and T-Mobile are now neck and neck when it comes to overall data download speed. The Big Red has long claimed dominance in this area, taunting its competitor for remaining as a mere discount network.

Business February 9, 2017

Elon Musk Hopes To Launch Tesla In India This Summer, But Don't Get Too Excited Yet

Tesla has long been mulling an Indian expansion and it's apparently getting closer to sealing the deal. In response to a user query, Tesla CEO Elon Musk said he's hoping to launch Tesla in India as soon as this summer.

Business February 8, 2017

BlackBerry Scores Major New Licensing Deal To Bring Smartphones To 1.5 Billion More Potential Customers

BlackBerry has officially announced a new licensing agreement with Optiemus Infracom, which can now 'design, manufacture, sell, promote and support' BlackBerry-branded smartphones in India and neighboring markets. Through this deal, BlackBerry aims to reach 1.5 billion potential customers.

Business February 7, 2017

Want To Get On The World’s Longest Flight? Book On Qatar Airways’ Doha To NZ Route

The successful arrival of flight QR920 of Qatar Airways from Doha to Auckland in New Zealand marks the world's longest flight to date. Experts predict other major carriers are moving to the direction of ultra long-haul flights.

Business February 7, 2017

Elon Musk Joins Tech Groups' Amicus Brief vs Trump Travel Ban - But Remains On Advisory Council

Elon Musk joins other tech companies in a legal brief that will oppose President Donald Trump's travel ban. The CEO has expressed that he will continue to be part of Trump's Economic Advisory Council.

Business February 7, 2017

T-Mobile Is Now The Most Liked Carrier While Verizon, AT&T Have More Unhappy Customers

T-Mobile tops the Nielsen survey for subscribers' self-reported overall satisfaction. Observers attribute this to the uncarrier's ditching of contracts, price cuts, and free video streaming, among other innovations.

Business February 7, 2017

Amazon To Hire 100,000 More Employees After Ramping Up Workforce In 2016 [Analysis]

Amazon plans to open up 100,000 more jobs at its facilities all over the country in the next 18 months. The move is part of its commitment to growth.

Business February 4, 2017

Here's How Chipotle Plans To Win Customers Back In 2017

After its most challenging year yet, Chipotle Mexican Grill is bent on bouncing back from E.coli outbreaks hounding its sales since late 2015. Now it's focusing its strategy on better marketing and online ordering experience.

Business February 4, 2017

Target Scraps 'Store Of The Future' And 'Goldfish' Projects, Refocuses Efforts On Core Business

Target has canceled two long-term projects named Store of the Future and Goldfish to shift focus to its core business, causing employees to be confused by the decision.

Business February 3, 2017

Uber CEO Travis Kalanick Quits Trump Business Council Over Immigration Ban

In an email sent to employees, Uber CEO Travis Kalanick said that he already informed Donald Trump that he is stepping down from his business council. The move has been prompted by the recent immigration policy.

Business February 3, 2017

Snap Inc. Officially Files $3 Billion IPO, Says It May Never Achieve Or Maintain Profitability

Snapchat’s parent company, Snap Inc., has officially filed for an initial public offering, hoping to raise $3 billion. Its losses, however, are painting a bleak prospect.

Business February 3, 2017

Bacon Lovers, Rejoice: No Shortage Of Tasty Pork Treat In Sight

Last December, frozen pork belly supply in the U.S. dropped to a record low following a massive demand for bacon, but there's no need to panic because no shortage is likely to occur, pork industry representatives say.

Business February 2, 2017

Tesla Motors No More: Name Change To Tesla Inc. Signals Transition To Clean Energy Company

Tesla Motors has changed its name to Tesla Inc., showing that electric cars are not the only focus of the company. Tesla Inc. is transitioning into a clean energy company that can provide customers with solutions throughout their homes.

Business February 2, 2017

iPad Sales Decline 19 Percent In December Quarter, Will Next-Gen iPads Help Apple Increase Tablet Sales?

iPad sales and revenue have seen a steep decline in the Q1 FY 2017, dropping nearly 19 percent. With its next-generation 9.7-inch and 10.5-inch iPads, Apple would be looking to propel its tablet sales.

Business February 2, 2017

EU Abolishes Roaming Fees Across Europe: No Roaming Charges Come June 15

The EU finally reached an agreement to ditch roaming fees for European mobile users traveling to other EU member states. Non-EU users, however, will not get the same benefits.

Business February 2, 2017

Facebook Stock Soars After Earnings Crush Market Expectations

Facebook's released fourth quarter earnings has been favorably received by the market. The figures have outpaced projections, as it reported a profit of $3.57 billion, which is about $1.21 a share.

Business February 1, 2017

Walmart Gunning For Amazon Prime With Free 2-Day Shipping Without Membership Fee

Walmart has anounced free two-day shipping to home and stores without any membership fees. The minimum purchase required for shipping to home is now lower as well, and ShippingPass is now history, but members will get a refund.

Business January 31, 2017

Amazon Will Soon Accept Food Stamps Online

Amazon will take part in the U.S. Department of Agriculture's latest program on food stamps: the SNAP Online Purchasing Pilot. Food stamp recipients will soon be able to purchase groceries online from Amazon.

Business January 31, 2017

Green Dot Purchases Russell Simmons' Prepaid RushCard For $147 Million

Green Dot has purchased Russell Simmons’ prepaid debit card business, RushCard, for $147 million. RushCard made news in 2015 when a computer glitch prevented thousands of cardholders from accessing their own money.

Business January 31, 2017

Razer Acquires Nextbit: What Will The Video Game Hardware Company Do To The Cloud-Based Robin Smartphone?

Video game brand Razer has acquired Nextbit, the startup behind the cloud-based Robin smartphone. What will happen to the Robin after the transaction, and what could be coming next for Razer?

Business January 31, 2017

Mobile Search, YouTube Drive Alphabet’s Strong Q4 Growth

Alphabet, Google’s parent company, has reported a total revenue of $26.1 billion, a 22 percent rise over 2015’s $21.33 billion revenue. Mobile search and YouTube surface as its primary growth drivers.

Business January 30, 2017

Starbucks Answers Trump Immigration Ban With Pledge To Hire 10,000 Refugees Over The Next 5 Years

U.S. President Donald Trump's executive order continues to make waves and meet increased opposition. In response to the immigration ban, Starbucks has now pledged to hire 10,000 refugees over the next five years, starting in the United States.

Business January 30, 2017

Starbucks Sales Remain Slow, And Congestion In Stores May Be To Blame

Lower than expected Starbucks sales growth has been disclosed on Jan. 26, with part of the blame pinned on congestion inside stores that push some customers to leave without a purchase. Blame it on mobile order-and-pay, too.

Business January 27, 2017

Ex-Android Senior And Xiaomi Global VP Hugo Barra Joins Facebook To Lead Team Oculus, VR Efforts

Facebook has tapped former Xiaomi global VP Hugo Barra to lead its virtual reality efforts. Barra will join Facebook as the new vice president of virtual reality, in charge of Team Oculus.

Business January 26, 2017

T-Mobile Employees Report Predatory Work Culture: Unscrupulous Sales Reps Push Bill Cramming And Fraudulent Practices

Former and current T-Mobile employees claim that T-Mobile encourages fraudulent practices and a predatory work culture. T-Mobile bill cramming is reportedly common and many customers are charged extra or tricked into getting unwanted services, according to a new report.

Business January 26, 2017

Verizon Q4 Financial Result Out, Earnings Fall Below Analysts Forecast

Verizon's Q4 2016 results have fallen behind analysts’ prediction by a huge mark. Despite the carrier's churn rate not meeting the predicted figures, it plans to go full steam in 2017.

Business January 25, 2017

Cisco To Acquire AppDynamics For $3.7 Billion: Software Maker Snapped Up Right Before IPO

Cisco has agreed to purchase software maker AppDynamics for $3.7 billion. The acquisition comes right before AppDynamics was supposed to go public in the first tech IPO for the year.

Business January 25, 2017

This Is How Silicon Valley’s Super-Rich Gear Up For The Apocalypse

The survivalism movement can count the ultra-wealthy from Silicon Valley to Wall Street among its staunch members. Know the various doomsday preparations of some of today's leading tech executives.

Business January 24, 2017

Qualcomm Could Be In Financial Trouble If Apple Delays Royalty Payment

The $1 billion lawsuit filed by Apple has served a severe blow to the chip manufacturer Qualcomm. As a result, the latter may witness a huge financial crisis in the upcoming days.

Business January 24, 2017

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