South Africa's output in the manufacturing and mining sector might not be a good sign to start the year right. More mining sites stopped their operations creating illegal mining. The president should do something as investors are skeptical on how he handles the country's economic situation.
Sectors
Propel raises $4.2mln from Cloud Apps Capital Partners
Product management tool provider Propel has closed $4.2 million series A investment. Cloud Apps Capital Partners participated in the A series investment round for Propel.
Taco Bell Launched $1 Breakfast Menu Nationwide
Taco Bell launched its $1 breakfast menu nationwide aiming to surpass McDonald's "McPick 2". Taco Bell customers can order 10 food items for a dollar each including several additions.
Economy slowdown not to deter China's efforts on anti-pollution
China has decided to implement its stringent anti-pollution efforts despite slowing down of economy. China is propelling up economy growth without compromising on environment protection.
Cloud-based startup Optimizely to lay off 10% staff
Optimizely, a San Francisco-based cloud-based startup, is slashing its workforce by 10 percent across all the departments. Based on recent round of finance, Otpimizely was valued at $585 million. Since its inception in 2009, Optimizely has raised over $146 million investments including $58 million round in 2015.
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The Cupertino-based company is sending out invitation to press event in company's headquarted on March 21. Expectation for new iPhone and iPad products are mounting.
Fiat Chrysler Automobiles (FCA) has prepared a blueprint on business growth for its Fiat dealers. The new plan enables Fiat dealers to trim operational costs and restore trust in the brand. FCA has also advised dealers to close down unviable stand-alone dealership outlets.
Jessica Alba’s Honest Company is facing allegations of using harsh chemicals it claimed to never use. Two test labs initiated by the Wall Street Journal showed a significant amount of the chemical SLS, but the company strongly denied using the chemical in manufacturing.
Amazon said on Wednesday to start its own air delivery in United States. The largest electronic retailer leased 20 Boeing 767 cargo aircraft from Air Transport Services Group Inc.
Facebook has just acquired a popular face-swapping app MSQRD by the company Masquerade. The acquisition comes after Facebook’s attempt to take over Snapchat, the instant messaging app with the similar feat. The details on the acquisition were not disclosed.
A sample test conducted by Uttar Pradesh food safety officials found that Nestle’s Maggi noodles contain more percentage of ash than permitted by the regulations. However, the company has denied the accusation, stating that the claim is based on the wrong standard.
Diagio Plc, British liquor major, says it paid $40 million to trouble-ridden Indian businessman Vijay Mallya. This comes close on the heels of an order by Debt Recovery Tribunal (DRT) not to pay Mallya any amount.
McDonald's has launched its all-day breakfast menu and called it "All Day Breakfast: Bigger Menu" where customers can order any or all of the following: hash browns, biscuits, McGriddles and McMuffins. The offer has been tested in Tulsa, OK and North Carolina Triad area boosting the restaurant's stocks 0.70% to $119.25.
NEXON Co will purchase the entire outstanding shares from Big Huge Games. The company is moving forward with an aim of establishing a dominant presence in the gaming industry by creating partnerships with leading game developers.
