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Aeropostale to slash headcount; reaffirms Q4 outlook
The New York based teen retailer plans to eliminate its corporate headcount as its sales fall. The company also reaffirmed its outlook for the fourth quarter.
High employment rate propels German GDP
Record high employment rate and domestic spending propelled German GDP rate by 1.7 percent in 2015, according to the German authorities' calculation.
Hyperloop Technologies to sponsor pod design contest
Hyperloop Technologies said it is one of the promoters of the Elon Musk's SpaceX Hyperloop design competition and will be offering $150,000 in winning prizes for engineering students. The contest consists of two parts in which the students design and construct a pod prototype for Hyperloop system.
China's search engine Baidu is to be punished for pornography and commercialization
The company is accused of commercialization in the form of selling its forum's management and altering search results to show paying-websites. Last year, Baidu also faced punishment over pornography and violations of publishing regulations.