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Apple To Invest Billions In Toshiba Chip Division, Potentially Rescuing It: Report

Amid Toshiba’s suffered losses and news surrounding the sale of its semiconductor unit, Apple might be coming to the rescue. Reports suggest that Apple is interested in bidding for the unit, potentially handing it around 30 percent stake.

Business April 15, 2017

T-Mobile Bids $8 Billion At FCC Airwaves Auction: Un-Carrier Now In Position To Topple AT&T, Verizon

T-Mobile bid nearly $8 billion at the recently concluded auction for broadcast airwaves spectrum by the FCC. The wireless licenses that the Un-Carrier acquired would allow it to further challenge, and possibly outmuscle, AT&T and Verizon.

Business April 14, 2017

Uber Loses Rachel Whetstone, Head Of Communications, Amid Company Woes And High-Profile Exits

Uber’s head of communications Rachel Whetstone has chosen to leave the company for undisclosed reasons. Her exit follows several high-profile exits at Uber in recent months, alongside publicized scandals about the company’s bleak workplace culture.

Business April 12, 2017

Tesla Claims Throne As America's Most Valuable Carmaker From General Motors

Tesla has surpassed General Motors as the most valuable automobile manufacturer in the United States, with a market cap of $51.5 billion. The company's rise shows the increasing focus on electric vehicles and powerful software.

Business April 11, 2017

FCC Chairman Junks Proposal To Allow In-Flight Voice Calls Using Mobile Phones

FCC Chairman Ajit Pai junked the proposal of his predecessor, Tom Wheeler, to allow airline passengers to make phone calls while in flight. Pai said that the proposal is ill-conceived and not in the public interest.

Business April 11, 2017

Good Time To Fly? New Report Lauds US Airlines For Improved Performance

U.S. airlines generally had a better performance last year, according to the results of Airline Quality Rating 2016. Find out how the airlines fared in terms of baggage handling, flight arrivals, and government-filed complaints.

Business April 10, 2017

Tesla’s Advanced Automation Group Cancels All Existing Contracts To Focus On Model 3 Production

Tesla Advanced Automation Germany steers all efforts into Model 3 production, canceling all existing contracts with other car manufacturers and outside clients in the process.

Business April 14, 2017

Netflix To Bid Farewell To 2 Longtime Senior Management Officers In July

Two veteran senior management officials are leaving Netflix amid the streaming service’s continuing global expansion. Netflix Japan's Greg Peters will take over as chief product officer.

Business April 14, 2017

Boeing, JetBlue Invest In 'Tesla For The Air' Startup Zunum Aero: Hybrid Electric Airplane By 2020s?

Boeing and JetBlue made separate investments into Zunum Aero, a startup described as 'Tesla for the Air.' The company is looking to significantly reduce the costs of short-haul flights through the development of hybrid electric aircraft.

Business April 6, 2017

Tesla Surpasses Ford Market Value As Stock Borders On $300: Here Are The Factors Driving Company's Growth

Tesla's market value officially outpaces Ford because of the record vehicle deliveries in Q1 of 2017, with the electric car maker's stock bordering on $300.

Business April 4, 2017

Yahoo, AOL To Merge Into New Company Named 'Oath' After Verizon Acquisition

After the completion of the acquisition by Verizon, Yahoo and AOL will merge to form a new company named Oath. The name, first reported by Business Insider, was later confirmed by AOL CEO Tim Armstrong.

Business April 3, 2017

#20PercentCounts: Sheryl Sandberg-Led LeanIn.Org Launches Equal Pay Day Campaign

Lean In marks this year’s Equal Pay Day through an innovative campaign called #20PercentCounts. Dedicated to women, who typically earn 20 percent less than men, this campaign offers the same percentage in shopping discounts.

Business April 3, 2017

Samsung Plans To Spend $8.9 Billion To Beef Up OLED Production

Samsung is planning on spending $8.9 billion to increase OLED production and meet the demand of the market, which includes the alleged deal with Apple for 160 million panels that'll be fitted on the iPhone 8.

Business April 3, 2017

Oculus Cofounder Palmer Luckey Is Officially Leaving Facebook, Just A Year After The Rift Launched

It’s official: Palmer Luckey is leaving Facebook, three years after Facebook acquired the company he cofounded. The exit follows Luckey’s thinning public appearances, high-profile lawsuits, and a recent corporate shakeup.

Business March 31, 2017

Amazon Shutting Down Diapers.com And Other Quidsi Sites, Cites Lack Of Profits As Main Reason

Amazon has announced that it’s officially shutting down Quidsi, which still stands as one of its largest acquisitions ever. An analyst speculates that the move might be Amazon’s way of pulling Quidsi users into its own ecosystem.

Business March 30, 2017

Uber Publishes First Diversity Report: The Company Is Mostly White And Male

Uber has now published its first-ever diversity report after numerous workplace allegations painted a bleak picture of its internal operations. The results are, well, unsurprising.

Business March 28, 2017

United Airlines Stops Two Teenage Girls From Boarding Flight For Wearing Leggings

Two teenage girls were stopped from boarding their United Airlines flight because their leggings were deemed inappropriate by the gate agent. The incident has sparked outrage and sexism allegations across social media.

Business March 27, 2017

Jobs At Risk Of Automation: The Likelihood Of Human Workers Being Replaced By Robots In Different Countries (PwC)

Millions of workers could lose their jobs to robots and artificial intelligence in the future, with some more at risk than others. Roughly 38 percent of U.S. jobs might be at risk of automation, a new PwC report reveals.

Business March 24, 2017

Tesla Honored As 2017’s ‘Battery Innovator Of The Year’ At The International Battery Seminar

International experts in the field of battery research recognized Tesla’s contributions and cutting-edge innovations in battery technology. Tesla exec and battery expert says it’s all about implementation.

Business March 24, 2017

Twitter Paid Subscription Service For Public Figures And Business May Soon Launch

Twitter is reportedly considering a paid subscription service for an improved Tweetdeck, targeting power users. The premium tool, as described in a released survey, will make it easier for public figures and companies to manage their accounts.

Business March 24, 2017

Alaska Airlines Drops Virgin America Brand in 2019, But Keeps Carrier's Popular Features

In its bid to dominate the U.S. West Coast, Alaska Airlines will retire the Virgin America brand by the end of 2019. The move was announced just three months after the acquisition of the Richard Branson-led carrier.

Business March 23, 2017

Uber CEO Musters Board’s Support: Overhaul Of Corporate Culture And New COO On The Way

Uber CEO Travis Kalanick has been assured support by the board in tackling the company’s challenges at the image front following allegations against business practices. The board also said it is taking steps to overhaul Uber's corporate culture.

Business March 23, 2017

Airbnb China Expansion Brings New Name And Hefty Investment: Meet 'Aibiying'

Airbnb has announced a major push for China, doubling down on its efforts and rebranding itself in the country. Airbnb will be called 'Aibiying' in China, which means 'welcome each other with love.'

Business March 22, 2017

Uber Promises To Change After Storm Of Controversy: Will The Company Survive The Scandals?

In a special press call hosted by board member Arianna Huffington, Uber promised that changes are coming to the ride-hailing company amid the storm of controversy surrounding it. Will Uber survive through the ordeals?

Business March 22, 2017

Lack Of Oxford Comma Leads Truck Drivers To Win Overtime Dispute Against Maine Company

The lack of the Oxford comma could lead Oakhurst Dairy to lose an estimated $10 million to its truck drivers. The class-action lawsuit centers on overtime pay being disputed based on the lack of a comma in an exemption clause.

Business March 17, 2017

Think Facebook's Messenger Day Is Just A Messy Snapchat Copycat? Think Again

Facebook's Snapchat copycat Messenger Day may be more than just a copy of its competitor's features. It's a business move from Facebook that does more damage than many may think.

Business March 18, 2017

If You Can’t Beat Them, Hire Them: Apple Hires Renowned iOS Jailbreaker And Security Expert Jonathan Zdziarski

Apple is bringing Jonathan Zdziarski, a renowned iOS security expert and digital forensics consultant, on board to join its security team. Zdziarski broke the news on his personal blog.

Business March 15, 2017

Marissa Mayer Out, Thomas McInerney In As Yahoo CEO After Verizon Acquisition

Yahoo President and CEO Marissa Mayer is being replaced by Thomas McInerney, a member of the Yahoo board of directors since 2012, after Yahoo sold its digital services to Verizon. The latter acquired Yahoo in a mega-deal worth $4.8 billion.

Business March 15, 2017

Intel's $15B Mobileye Acquisition Could Be A Game Changer For Driverless Car Tech: Should Tesla And Nvidia Be Worried?

Intel has confirmed its acquisition of Mobileye in a massive $15.3 billion deal that could shake up the driverless car tech sector. This new alliance could pose a real challenge to Tesla and Nvidia, making the autonomous driving race more heated than ever.

Business March 14, 2017

Snap IPO Opens The Door To More Filings: Identity Management Provider Okta Files $100M IPO

The recent Snap IPO has breathed new life into the technology IPO scene and things are starting to pick up. Identity management firm Okta has now filed an IPO seeking to raise $100 million.

Business March 14, 2017

Intel Confirms Acquisition Of Mobileye Self-Driving Car Tech Firm For $15.3 Billion

Intel has confirmed that it is acquiring self-driving car tech firm Mobileye for $15.3 billion on March 13. As part of the deal, Intel will be shelling out $63.54 per share for Mobileye in cash.

Business March 13, 2017

Samsung Completes $8 Billion Purchase Of Harman: How Will Customers Benefit From The Company's Biggest Acquisition?

Samsung has completed the $8 billion purchase of Harman, an uncharacteristic move for the South Korean conglomerate. How will customers benefit from the acquisition of the parent company of Harman Kardon, JBL, Infinity, Mark Levinson, and Lexicon?

Business March 12, 2017

LOOK: Hyperloop One Shares Photos Of Elon Musk's Fast Transport System

Hyperloop One releases the first public images of the world’s first full-scale hyperloop test track being constructed in Nevada. The structure is nearly complete.

Business March 12, 2017

PepsiCo Moves To Biodegradable Film Resin Packaging With Sustainability Agenda

PepsiCo is stretching its sustainability agenda into packaging by switching to biodegradable film resin packaging. The policy aims to cut down greenhouse emissions across the value chain.

Business March 13, 2017

IBM And Salesforce Form Partnership On A.I.

On Monday, International Business Machines corp. (IBM) and Salesforce agreed to integrate their artificial intelligence platforms - the Watson AI platform and the Einstein AI platform - to provide better offerings to customers.

Business March 8, 2017

Uber's Never-Ending Troubles: A Quick Recap Of What Has Happened So Far

Uber has been besieged with bad news as of late. The company has been saddled with claims of sexual harassment from former employees, and its CEO has suffered a meltdown during a heated exchange with an Uber driver.

Business March 6, 2017

Uber Loses Product And Growth VP Ed Baker Amid Company Issues: The Odd Timing Of His Resignation

Ed Baker, Uber's vice president of product and growth, has announced his resignation during a time when the ride-hailing company is facing sexism and sexual harassment allegations and other issues.

Business March 3, 2017

General Motors Launches Monthly Car Rental Service With Maven Reserve: Parking, Insurance And More Included

GM just announced a new car rental service called Maven Reserve, which allows users to rent a Chevrolet Tahoe or Volt for 28 days. The monthly rental comes with a number of perks including insurance, parking, $100 in gas credit and more, but it's not cheap.

Business March 3, 2017

Yahoo Security Breach: CEO Marissa Mayer Takes Some Responsibility, But Who's Really Taking The Fall?

As the investigation into the massive Yahoo data breach wrapped up, CEO Marissa Mayer took some responsibility for the mishap and docked her pay. This has stirred further controversy, as it's seen as a thin gesture while someone else takes the real fall as the scapegoat.

Business March 2, 2017

Elon Musk Agrees To A Tesla Competition And You Have A Fifth-Grader To Thank For It

A bright fifth-grader wrote a letter to Tesla CEO Elon Musk as part of a school project, suggesting a Tesla competition for fan-made commercials. Musk thought it was a great idea and agreed to do it, so get ready for a neat contest thanks to this awesome kid.

Business March 2, 2017

Marissa Mayer Wants To Redistribute Annual Bonus To Yahoo Employees Due To Breaches: A Look At The Hacks

After Yahoo's data breaches, CEO Marissa Mayer is forgoing her annual bonus and equity stock grant, saying that she wants them redistributed to the company's employees.

Business March 2, 2017

Uber CEO Travis Kalanick Admits He Needs To Grow Up And Get 'Leadership Help' After Disrespecting Uber Driver

Uber CEO Travis Kalanick stumbled into a new controversy when a video of him arguing with an Uber driver made its way online. Kalanick has now apologized for his disrespectful behavior and said that he needs to grow up and get some leadership help.

Business March 2, 2017

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