A group of investors filed a class-action lawsuit against Chipotle for allegedly misleading them about the company’s health control.
Industry
Apple Sales Grow Amid Down Trending Global Market
Gartner, a technology research firm has represented Apple through a study report as the lone PC vendor to post positive sales growth during 2015. The tech giant currently enjoys a market chunk of 7.5%. Apple’s performance appears to be shining since the worldwide PC market is passing through a negative sales trend for the fourth straight year.
Google looks for more partnerships to steer self-driving car project
Google wants to involve many automobile manufacturers and suppliers in developing its ambitious self-driving cars. Contrary to market rumors, Google didn't announce its plans for partnership with Ford. Google believes that its self-driving project would be beneficial to senior citizens. Google involved Roush Enterprises to assemble self-driving cars, which are being road tested.
Surplus in China's Trade As December Export Shows Increase
On Wednesday, China revealed its export in December 2015 showed a 2.3% raise from November. Data from China's General Administration of Customs shows the nation's trade surplus, and the report has lifted the market a bit.
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.
Latest News
Panasonic showed off its adjustable, transparent LCD screen at the CES 2016 that becomes invisible when turned off or not in use.
General Motors' Buick brand unveiled during the Monday Detroit Auto Show its new sporty Avista concept car, which pumps a 400 horsepower.
Ford Motor Inc. declare supplemental cash dividend of $1 billion. In 2016, the company expect to earn as much as last year.
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.
