Deal service Groupon announced Tuesday that it has promoted Rich Williams as the chief executive of the company replacing co-founder Eric Lefkofsky, who is now back to his role as the chairman.
Firm Management
Customers accuse Starbucks it "hates Jesus" for plain red holiday cups
Starbuck's new holiday cups are back for the Christmas celebration. However, instead of having Christmas symbol doodles, it has a simple red ombré design. This offends a lot of costumers, who accused the giant coffee shop that they "hate Jesus."
Amazon to Shut Down mPOS Register by Feb 2016
Amazon will close its mobile point-of-sale system Amazon Register, and users only have until Feb 1, 2016 to switch to another service provider. Bidnes Etc reported that Amazon.com, Inc, which was just launched last year, is considered unsuccessful. The company no longer welcomes new registration for the mPOS. It will close down after February 1, but it will still provide transaction histories until February 28, 2016.
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.
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Ellon Musk's Tesla Motors Inc. announced that there will be a new Chief Financial Officer in the company as its current CFO, Deepak Ahuja will be retiring this year. According to the announcement, the new CFO is Jason Wheeler, a former CFO for Google.
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.
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.
