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AT&T Expanding 5g Fixed Wireless Trials To More Cities
In partnership with Nokia, Ericsson, Intel and Samsung AT&T intends to expand fixed-wireless 5G tests to an additional three cities later in the year. The three cities in which the trials will be expanded to include Kalamazoo,... More of this article »
Alibaba Looking To Physical Stores To Sustain Growth
Even though Alibaba is the largest online retail operator in China it has been acquiring physical stores as it seeks to take over the entire retail landscape in the world’s second biggest economy. In the last two years the e-commerce... More of this article »
IBM and SAP SE TeamTo Improve Profitability and Consumer Experience In The Retail Sector
IBM and SAP SE have come together to develop a solution that they hope will boost customer experience and profitability in the retail and consumer packaged goods industries. The solution will primarily seek to improve planning as well... More of this article »
Facebook To Be The Second Biggest Recipient Of WPP’s Media Investment
The chief executive officer of advertising group WPP, Sir Martin Sorrell, has said that the company’s investment in Facebook is set to exceed $2 billion in the current calendar year. WPP, which is the largest advertising group in... More of this article »
General Electric Transportation And LA Port In New Commercial Agreement
Less than 12 months since a digital solution was launched to ensure the efficient flow of cargo at the biggest container port in the United States, General Electric Transportation and Los Angeles port have agreed to expand the program... More of this article »
Facebook is Losing Teen Users to Snapchat And Instagram
Its not really too big a surprise but the younger web/mobile users are not as into Facebook as previous generations. Indeed, the now-aged social network has lost appeal among the emerging generation, who are all moving towards platforms... More of this article »
Facebook Takes On YouTube With Watch Video Feature
The launch of a video feature on Facebook known as Watch is being seen as an attempt by the social media giant to take a stab at Google’s video-sharing website, YouTube. At the moment the new Facebook feature is available to a select... More of this article »
Accenture Opens A Liquid Studio In Toronto
Professional services firm Accenture has disclosed that it is opening a Liquid Studio in the Canadian city of Toronto. This is part of the firm’s strategy to invest in innovation in order to ensure that clients are able to collaborate... More of this article »
Stephen Sanger Expected To Step Down As Wells Fargo Chairman
Reports indicate that the nonexecutive chairman of Wells Fargo, Stephen Sanger, is expected to resign next spring as restructuring efforts at the bank continue. Sanger has been holding the position since fall last year following the... More of this article »
Blue Apron Struggles To Hold Onto Customers After IPO
Blue Apron Holdings Inc have only recently went public, but the company is already delivering on some of their goals; at least, in terms of what investors wanted. In the meal-kit delivery company’s very first earnings report,... More of this article »
Oprah Partnering with Kraft-Heinz To Offer Healthy Refrigerated Food Options
When Weight Watchers brought on Oprah Winfrey as a spokesperson (and executive, of course), it helped to not only boost sales for the diet/nutrition company, but also helped to improve the public mentality about weight and nutrition... More of this article »
GE-Led Consortium Selected To Build Uganda Oil Refinery
A group which includes General Electric has been picked by the Ugandan government to construct and operate a refinery which will process crude oil from fields whose development is being done by Tullow Oil, Total and China’s CNOOC.... More of this article »
Marriott And Alibaba In Joint Venture As Chinese Travel Economy Booms
Marriott International, the largest hotel chain in the world, has disclosed that it will be partnering with Alibaba, the Chinese online retail giant, with a view to selling loyalty program deals and online travel bookings in China.... More of this article »
$60 Million Expected To Be Spent On Procter & Gamble And Peltz Proxy Battle
The proxy battle between Procter & Gamble and Nelson Peltz, an activist investor, is expected to one of the most expensive with a combined amount of $60 million expected to be spent. The contest is over a seat on the board of Procter... More of this article »
Sony Still Holding Out On Making Minecraft Cross-Platform
Though Minecraft is owned by Microsoft it is a multi-platform game that can be played on the iPhone, Nintendo console and on Oculus Rift virtual reality headset among other devices. However, Sony still refuses to allow Minecraft on... More of this article »
TransferWise Partners With Apple Pay In The United States
Users of TransferWise, a financial technology startup, will now be in a position to send money around the world via the service using Apple Pay. This emerged after the money transfer startup which is based in London announced that... More of this article »
Amazon Prime Now Launched In Singapore
Amazon has made its first foray into Southeast Asia by launching Amazon Prime Now in Singapore. The app was available for download beginning Wednesday evening both on Apple’s App store and Google’s Pay Store This will now allow... More of this article »
Qualcomm Denies Call For Ban On iPhones With Intel Chips An Attempt To Stifle Competition
Qualcomm has hit back in the case it has filed against Apple claiming that a coordinated effort with the goal of misdirecting trade regulators is being waged against it by critics. This follows a move earlier in the month when Qualcomm... More of this article »
Leap Engine Targets Missed By General Electric Aviation Though Demand Remains Strong
General Electric Aviation has announced that the first half of the fiscal year has been good especially concerning production of aircraft engines. In Q2 GE Aviation delivered Leap engines numbering 93. This was an increase of 12 units... More of this article »
GE Cuts Costs But Shares Still Down
The Dow Jones Industrial average dropped at least 100 points today, before eventually trading another 45 points down on the heels of General Electric falling more than 3 percent. In all, the Standard & Poors 500 fell, though only... More of this article »
Texas Coffee Brand Recalled Over Viagra-Like Ingredient
Coffee has long been celebrated from its health benefits, particularly as a stimulant. Indeed, its caffeine—and vitamin—content can actually help to energize you throughout the day. But lately, some coffee has been recalled because... More of this article »
Harley Davidson Reports Drop in US and Global Sales
Harley-Davidson—yes, the motorcycle company—reported that motorcycle sales in the second quarter of 2017 are down significantly since the same period last year: about 6.7 percent worldwide and 9.3 percent in the United States. Originally... More of this article »
Intel Launches Xeon Scalable Processors Amidst Growing Competition
Intel has launched server processors whose speeds are 1.65X faster compared to chips from the previous generation. The new Xeon Scalable processors possess between 8 and 28 cores. They have been launched in the wake of Advanced Micro... More of this article »
Amazon Prime Day Sales Increase By Double Digits This Year
According to Internet Retailer, shoppers in the United States will spend approximately $1.56 billion on Amazon Prime Day. This will be an increase of 20% from the$1.3 billion that was spent by shoppers in the U.S. on Prime Day last... More of this article »
Demand For Apple’s HomePod Smart Speaker Expected To Be High
A survey conducted by Raymond James has indicated that demand for Apple’s HomePod smart speaker is picking up. According to the survey which was carried out last month on 500 consumers, approximately 14% of those who own iPhone have... More of this article »
Politics Unlikely To Interfere With The Time Warner And AT&T Proposed Merger
Reports indicate that the Trump White House may not be in a position to block the merger of Time Warner Inc and AT&T Inc. This is despite the ongoing feud that President Donald Trump and CNN, which is owned by Time Warner, has.... More of this article »
Job Growth Better Than Expected In US
The United States Department of Labor has released its jobs report to show that the American economy added 222,000 jobs in the month of June. That is well above what many analysts had expected and is surely good news as the end of... More of this article »
Sears Holding To Close Another 43 Stores
Things are not going well for Sears Holdings. The company has just announced this week they have plans to close another 43 stores in the United States. This brings the total number of Kmart and Sears stores to close this year up to... More of this article »
Lyft Opens Hubs For Its Prospective Drivers
Lyft is spending money it raised in a funding round in opening service centers aimed at assisting new drivers and helping them start working within hours of getting approved. The driver service centers known as ‘hubs’ have already... More of this article »
Q3 Earnings At Walgreens Boots Alliance Beat Estimates
Walgreens Boots Alliance has reported that earnings from its fiscal third quarter reached $1.16 billion exceeding the expectations of Wall Street. Profit per share for the company based in Deerfield, Illinois was $1.07 which was an... More of this article »
UPS Freezes Pension Plan For Workers Who Are Not Unionized
United Parcel Service has announced plans to freeze the pension plans of approximately 70,000 of its employees who are not unionized in a bid to reduce the financial burden the firm is facing as its retirement fund has a deficit of... More of this article »
Carl’s Jr. Slapped With Fine For Violating Minimum Wage In Los Angeles
Officials from the city of Los Angeles have accused Carl’s Jr., a fast food chain, of underpaying dozens of local workers for a period of half a year. The city has now slapped Carl’s Jr. with fines and restitution charges totaling... More of this article »
Southridge Mall Sears Store To Close As Woes Deepen
Sears has announced that it will be shuttering its department store located at Southridge Mall. This will make Sears the second anchor tenant to quit the Greendale shopping center this year. According to Howard Riefs, the spokesperson... More of this article »
Cisco Introduces New Software Available On A Subscription Model
Cisco has launched software that makes the managing and monitoring of corporate networks easier. And besides the software Cisco also launched data center switches which come with chips that are custom-made and which allow the software... More of this article »
Blue Apron To Debut On The Stock Market As Amazon Looms In The Horizon
In the wake of Amazon shaking up food retailing with a bid to acquire Whole Foods, Blue Apron, a meal-delivery service that is based in New York, is planning on a public offering. Blue Apron is looking to raise approximately $586.5... More of this article »
IBM Watson Financial Services Unveiled To Assist In Financial Regulation Compliance
International Business Machines formally unveiled a Watson product which will be used in financial regulation. The product will assist financial institutions in ensuring compliance and detection of possible financial crimes using artificial... More of this article »
Exxon Mobil Lawyers Insist New York Prosecutor’s ‘Climate Charge’ Is Politically Motivated
Exxon Mobil is yet again the center of attention over allegations it misled investors on how it accounts for climate change risks. Immediate court proceedings indicate that New York Attorney General, Eric Schneiderman, has asked that... More of this article »
Chief Operating Officer Of JPMorgan Chase Leaves Complicating Succession Plans
The chief operating officer of JPMorgan Chase, Matt Zames, is leaving the bank. His duties and responsibilities at the bank are currently being split up among other high-ranking executives. During his tenure at JPMorgan, Zames was... More of this article »
Russian Hackers Thought To Have Planted Fake News Leading To Qatar’s Isolation
Reports indicate that intelligence officials in the United States are of the view that hackers from Russia planted a fake news story which made Saudi Arabia and other Arab nations to isolate Qatar. According to CNN, experts from the... More of this article »
The Case Against the Pink Slime
A meat processing company has filed a lawsuit in South Dakota over claims that an ABC News Reporting story qualifies as libel. In this report, the news agency called a product made by Beef Products Inc (BPI) “pink slime.” The fast... More of this article »
YouTube Kids In A Campaign To Promote Reading Among Children
YouTube Kids, the video-streaming service app owned by Google that is aimed at the youth has revealed that it is joining hands with a couple of major book publishers in a global initiative known as #ReadAlong month. The goal of the... More of this article »
BlackBerry KEYone Launches In North America
BlackBerry KEYone is set for launch on May 31 in the United States and Canada. The newest BlackBerry phone will be sold at Best Buy stores and also on Amazon. It will cost $549.99 and all the models will come unlocked. The smartphone... More of this article »
New Zealand Successfully Tests Rocket to Enter Space Race
US regulatory authorities have cleared Rocket Lab’s New Zealand facility to launch US space payloads. The Los Angeles-based company has built its first launch pad on the island’s Mahia Peninsula in an effort to find a more... More of this article »
Blue Cross Announces That It Is Exiting Individual Obamacare Exchanges In Kansas City
Blue KC, or Blue Cross of Kansas City, has announced that it can no longer handle losses that it has had to bear by providing individual Obamacare plans. The insurer that is based in Kansas City disclosed that in 2018 it will not renew... More of this article »
Price Of Bitcoin Rises Reaching A Record High
Bitcoin briefly appreciated by over $200 on Monday as a digital currency conference got underway in New York. This came after a weekend when the cryptocurrency saw increased demand from investors in Asia. Over the weekend the cryptocurrency... More of this article »
Uber Threatens to Fire Engineer Over Driverless Car Lawsuit
Uber’s top lawyers have threatened, this week, to fire one of the company’s engineers as part of an order to comply with a lawsuit regarding Google’s self-driving unit Waymo. In this case, Waymo accused Uber of conspiring... More of this article »
Wal-Mart Continues to Push Ahead in Online Retail
Discount retail giant Wal-Mart has just reported its first fiscal quarter revenue improved by 1.4 percent—to $117.54—falling only slightly short of analyst forecasts of $117.74 billion. Perhaps more importantly, the earnings per... More of this article »
Amazon Developing Virtual Clothes-Fitting Technology
Reports indicate that Amazon has built a team that is developing technology that will one day assist shoppers find clothes and shoes that fit them perfectly. If and when the technology sees the light of day, it will mark yet another... More of this article »