Ford Motor Inc. declare supplemental cash dividend of $1 billion. In 2016, the company expect to earn as much as last year.
Industry
Shanghai Disney Resort ditches MagicBands, to use smartphones for entry, purchase, ride access
Shanghai Disney Resort prefers using smartphones over Magic Bands for entrance, buying merchandise, and accessing rides.
US Megabot featured in Zappos, CES 2016 in Las Vegas
Megabots’ Mk. II showcases capabilities at Zappos and Consumer Electronic Show (CES) 2016 to hopefully win the Extreme Tech Challenge (XTC) grand prize to further enhance their robot and fight Japan’s Kuratas, by Suidobashi Heavy Industry.
Hong Kong's largest telco PCCW delivers Korean drama through Viu
Hong Kong's largest telecommunications company, PCCW, launched its new Viu streaming service, which offers the latest Korean dramas.
Chipotle faces investor lawsuit over non-disclosure of food quality control amid E. Coli outbreak
A group of investors filed a class-action lawsuit against Chipotle for allegedly misleading them about the company’s health control.
Latest News
Oil price continue to crash the lowest level. The price was closed at the lowest in 12 years to nearly $30 and is expected to continue dropping.
The weakening business confidence coupled with global economic challenges is impacting the UK manufacturing sector in more negative way. Despite odds forecast for 2016, majority of manufacturing firms in the UK are going ahead with their investment plan for technology and innovation. About 44 percent of UK companies participated in a survey expressed their concerns about challenging 2016 year.
Amazon.com expand its business to delivery service. The company will fully acquire French delivery company, Colis Privé. This acquisition will put Amazon head-to-head with FedEx, DHL and UPS.
Chinese leading fashion e-commerce startup, Mogujie is taking over control of its rival Meilishuo. Both companies is expected to merge in an agreement that will involve a stock swap between both companies.
Investors sue KaloBios Pharmaceuticals Inc. to return $5.4 million of their investment. The investors were brought in by Martin Shkreli. KaloBios Pharmaceuticals Inc. filed for bankruptcy in late December.
China's slowdown has caused negative effects in businesses and countries around the world that financially depend on a large chunk of business with the Asian country. China must transition into a consumer drive economy in order to grow in the future, but the steps necessary to do so are complicating their international partnerships.
Apple has revealed a glitch in its News app causing the company with lesser number of visitors count compared to the reality. However, Apple is reportedly to be working on the problem and it will be solved soon.
Mercedes-Benz outsells Audi in global market, thanks to the strong sales in China. The race for the top rank for luxury automaker sales heats up as Mercedes-Benz overtakes Audi in global sales last year, thanks to strong China sales.
After the cancellation of short-term credit facility from Citigroup, South African Airways is in the process of getting guarantee support from the government. South African Airways has had seven CEOs during the past three years. The National Treasury is exploring ways to restore financial support to the airline and will restructure the board as well.
