Walmart reduces working hours on some of its outlets. Allegedly, the action is intended to compensate for the higher wages it pays employees.
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Boeing flexes its muscle to control supplier power
The $37B worth deal of Berkshire Hathaway Inc. with Precision Castparts Corporation, a major aircraft parts supplier of Boeing had encouraged more investors in the aircraft industry. However, Boeing had been delaying its suppliers' M&A contracts.
Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus
The ten teams in Formula One auto racing are under a total debt of $318.2 million, and 64.2% of that belongs to Lotus. Lotus belongs to Genii Capital, a private equity firm founded by Skype investor Gerard Lopez. Creditors have been going after Lotus for the last several months. Its cars were almost impounded during the Belgian Grand Prix last weekend after former reserve driver Charles Pic filed a legal dispute.
Alibaba Pictures lost $24M in first semester amid twists and turns
Alibaba Pictures Group announced Friday that it lost 151.8 million Yuan ($24 million) in the first half of 2015. The loss is due to the transformation the company is undergoing. According to the company, most of its projects are still under the investment stage, and its profit is not yet included in the revenue report of the period.
Nordstrom, TJMaxx earnings report upbeat; Kohl's is down
Retailers are experiencing a mixed season, so are the department stores. Not a lot of consumers are going in hoards to spend their money in department stores. It may be due to this year's later Labor Day, or maybe they'd rather be in the beach than shopping in the malls.
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Women are treated as administrative staff by default in the corporate setting. This gender bias is sadly still present in many companies all over the globe. Women are sill asked to make coffee and take down notes, even if this is not part of their job description. This is something that should be remedied.
In an open letter, T-Mobile chief executive John Legere warns the 3,000 users stealing LTE tethered data that the company will go after them beginning August 31.
Android 5.1.1 Lollipop update is rolling out live to Verizon's LG G Vista handsets with improvements in home touch button, interruptions, floating action button (FAB), Wi-Fi connections, Android security patches, and more.
The US stocks turn attractive on lower PE ratios. The latest market crash might have eroded $2.1 trillion value in the market capitalization in the US stock markets, but equities are no more overpriced as price-to-earnings (PE) ratios turn attractive. According to ConvergEx, after the recent 10 percent drop in the US markets, no one can say that American stocks are expensive.
Microsoft Germany has announced that Windows 10 software update is not coming to smartphones with only 4 GB of storage since the update is already worth 5 GB. Here are list of eligible and ineligible phones for the update.
Android 6.0 Marshmallow is reportedlty hitiing LG and Samsung devices very soon skipping the Android 5.1.1 Lollipop update. While on its third and final developer preview, Marshmallow will bbring bug fixes and improvements.
Android 5.1.1 Lollipop is expected to hit Samsung Galaxy Note 3 and Galaxy Note 2 devices soon after the Android 6.0 or Marshmallow will begin rollin out to devices in September.
A 3D print of a Huawei Nexus 6 was uploaded through a video showing some of its high-end specs and features. Google and Huawei offered no confirmation yet regarding the specs and features of the new phone and release date.
The camera of iPhone 6 Plus produces blurry pictures because of a material that failed. Apple is replacing the iSight camera of the affected serial number.
