SpringOwl Asset Management managing director Eric Jackson recommends Yahoo to replace CEO Marissa Mayer and cut 9,000 of its workforce.
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Alcoa will shut down its plant in Indiana
Alcoa Inc. announced that it will shut down one of the U.S.’s biggest aluminum smelters, Warrick Operations in Evansville, IN. The closure is expected to result in the loss of 1,270 jobs.
Oil Price Dropped to The Lowest Level in More than a Decade
Oil prices plunge to the lowest level in more than a decade to below $33. The economic slowdown of China is also stammering global economy outlook even more.
Lenovo Phase Out Motorola Brand
The name Motorola will no longer be seen on mobile phones. Lenovo, its parent company announced to stop using Motorola name anymore in its mobile phone.
Governor Jerry Brown put California suburb under state of emergency
California Governor Jerry Brown declared Porter Ranch under a state of emergency Wednesday due to the massive natural gas leak from the Southern California Gas Co. that has adversely affected residents for months.
Latest News
Taking oral birth control pills after, before, or during pregnancy doesn’t lead to higher risk of birth defects, according to a new study by US and Denmark researchers.
TransCanada Corp sues US government to reverse President Barack Obama’s decision to reject its Keystone XL pipeline. Canadian firm also seeks $15 billion in damages from the North American Free Trade Agreement.
The 2017 Mercedes-Benz E-Class is given permission to test driverless cars in Nevada, making it the first “standard-production” vehicles to get public autonomous testing license in the state.
Despite the threats that Apple Watch could fail, the company’s COO Jeff Williams said in a radio interview that they have been receiving “tons of emails” from people who say that the device actually saved their lives.
A study by the British Medical Journal shows that Mexico’s 10% tax on sweetened drinks implemented in 2014 led to 12 percent reduction in sales. Now, Britain and Canada are planning to follow suit.
Alexander & Baldwin Inc., the last sugar plantation Hawaii, will stop producing sugar by the end of 2016, ending an important industry to the island’s economy.
Lumos Labs has been charged a fine of $2 million by the FTC for their misleading claims on the benefits of using their app, Lumosity. The company claimed that the app could decrease or slow down serious mental conditions by frequently using the app.
Amazon has reportedly reiterates its presence in the microchip arena through unveiling acquired concern, Annapurna Lab’s Alpine. Through currently retailing a very meager market share compared to Intel’s strong dominance over chip arena, Alpine appears as a potential threat to the latter. But the unveiling event has been dominated by reduced rating points over in price index.
A number of concerns about the upcoming Olympic Games in Rio, have already been reported. These include supply of virus contaminated water, forcing to pay the athletes their air conditioning and television bill. Power cutting to Olympic 2016’s inaugural venue by Rio City due to unpaid bill has appeared to be the last blow for the Olympians.
