Amazon.com is finally no longer selling Apple TV or other streaming devices like Google's Chromecast to boost sales of its own Fire TV box and Fire TV Stick units. The company's plan to discontinue selling competing product was first announced earlier in October.
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Facebook hired 'Roundup' chief executive Lior Gonnen
Facebook hires software engineer Lior Gonnen, the founder and chief executive of Android news app Roundup. Venture Beat reported Facebook brought Gonnen in at their Menlo Park, Californian headquarters.
Out of range: Target is closing down 13 stores in the US
Target, one of America largest retail stores is closing 13 stores across the United States that has been performing badly over the years. The management blames decreasing profit in these stores as the main reason for the closure.
Amec Foster Wheeler halves dividend; raises cost saving target
Amec Foster Wheeler Plc, a British oil and gas services company, has reduced its dividend payout by 50 percent as continuous fall in oil prices puts pressure on customers' spending.
Struggling telco Sprint Corp cuts $2.5B in opex; jobs, free snacks next
Sprint Corp - a subsidiary of Japan Softbank- and one of the largest mobile services provider in the US is currently on the way to cutting costs in the midst of deploying marketing strategy to recover lost subscribers.
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Airbnb shelled out more than $8 million to stop an initiative in San Francisco that would limit short-term rentals. Reuters reported that the ballot, called proposition F, could threaten the growth of this giant international tech company.
In a bid to ease the mounting tension emerging from workers, United Continental Holdings Inc has suspended the outsourcing of jobs at the airport. The workers of United Continental expressed their concerns about measures of the company for job cuts. United already slashed 1,100 jobs early this year citing reasons for cost control. Since then, it's been involved in hiring outsourcing staff as part of cutting down costs and existing regular employees. The airline has assured employees that there wouldn't be outsourcing until 2017.
Missouri agrichemical giant Monsanto announced Monday that it will close down three research and development centers in 2016, cutting about 90 jobs. Reuters reported that the move is done to cut costs on its restructuring operations that are necessary for the dwindling agricultural commodity market.
Starbucks, the most popular coffee brand in the world, has a special treat for both Halloween lovers and coffee enthusiasts as they announced plans on releasing a new vampire-inspired beverage, the Frappula.
In his egalitarian move to pay employees a $70,000 minimum wage, Gravity Payments CEO Dan Price has now been forced to mortgage his house and sell his investments as a reserve for the payments processing company.
This week, a surprising airline news claims that Airbus has expressed its interest in hiring newly arrived refugees in Germany. According to Airbus CEO, Tom Enders the refugees could work in the airline's facilities for a different wage rate.
Sneakers and sportswear are a huge business, as they gain advantage from the popularity of professional sports league. Following a very tight competition among brands, New Balance has to make a change in company's direction. In order to deal with the new brands that suddenly became strong competitors.
The shares of McDonalds' - the world's biggest restaurant chain - jumped more than 8% to hit $110.88 on Thursday. CEO Steve Easterbrook, who took over the helm 8 months ago, stated that the rebound in the quarterly restaurant sales showed that his turnaround plan is starting to take effect.
A Utah-based company called Domo Inc. is hoping to attract more talent and to address the needs of their employees by providing a stipend for their expectant mothers to dress professionally and comfortably while carrying a baby.
