CBS Corp. Chief Executive Officer Les Moonves announced Tuesday that Apple has hit the pause button in its TV subscription plans. According to Talking New Media, this is a sign that coordinating with broadcasting firms to develop a system for their business plans is harder than what was initially expected.
Firm Management
Oracle billionaire sold controlling interest in his Hawaiian Island Air
Oracle billionaire Larry Ellison's Ohana Airline Holdings LLC will sell a controlling interest of Island Air to venture capital investment company PacifiCap.
Thinner, Future Apple Handsets Will Glitter With Borrowed Technologies
Apple is possibly going to bid farewell to the headphone sockets in its new models of iPhone 7/ iPhone 7 plus/ iPhone 6C. This process will make the phone even thinner than normal, while Wolfson Microelectronics will remove background noise during listening to music and making phone calls. But all the changes, Apple is rumored to adopt, are features borrowed from market rivals.
Yahoo investor calls for firing 9,000 workers and replace CEO
SpringOwl Asset Management managing director Eric Jackson recommends Yahoo to replace CEO Marissa Mayer and cut 9,000 of its workforce.
Chipotle in Boston Reopen After Norovirus Outbreak
Chipotle reopen its Boston restaurant in Cleveland Circle on Christmas. After an outbreak of norovirus in its outlet earlier, the Mexican Grill would have to close its restaurant for inspection.
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Hilcorp Energy Co. gave each of its 1,381 employees $100,000 for hitting its five year goal. According to a report from the Sydney Morning Herald the bonus is part of the Houston-based company's incentive program called "Dream 2015."
Britain fashion icon Sir Paul Smith revamped his company after annual profits plunged 50 percent into the lowest levels since its 40-year existence. This Is Money reported that Smith said his fashion empire needs a "kick up the backside." He said been streamlining the brand's clothing ranges, shut down to stores, and made some managers redundant. The company's pre-tax income went down £9.7million this year ending June, a decrease from last year's £20.7million.
Qualcomm Inc. altered its proxy process requiring shareholders to have their stake in the company for at least three years before nominating people for the board.
The prospect of the retail will be unveiled during this festive season. Target is all set to launch a retail store that will comprise partly a pop art display and partly a magical toy store. This initiative is said to be located in the Downtown Manhattan.
Though usually considered only when convenient for consumers in the US, the 7-Eleven franchise in Asia has become a different company, selling varieties of snacks and services to its varied customers across Asia.
In honor of Veterans' Day and in extending gratitude to military veterans Starbucks announced that it is offering free tuition to spouse or one child of an employee-veteran working at Starbucks.
The Treasury has sold worth of 13 billion British pounds of Northern Rock mortgages to a US private venture firm in what is thought to be the greatest ever budgetary source deal by the European government.
One of the US fastest growing fast food chains, Shake Shack announces that the company will increase its menu prices again by 2016. The announcement was made by the company's CEO, Rany Garutti to investors citing that it is preparing for a minimum wage hike by next year.
Walmart's labor activists have sent a petition demanding the company to give 10% employee discount in all food at all times of the year, following to successful effort to raise wages.
