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.
United States
IBM's announcement of SEC investigation leads to market value drop
IBM has just released news that the IT company is currently under investigation by the Securities and Exchange Commission on its accounting procedures in the US, Ireland, and Britain.
Morgan Stanley's Trading Revenue Dropped in the Third Quarter
Morgan Stanley reported a big miss in the third quarter profit as a result of a decline in their trading and private equity business. Although they have shifted their focus on business segment with less risk, global economic slowdown has hit Morgan Stanley and other US banks this quarter.
U.S. Congress to push for new debt limit
The US congress is in session to finalize a new budget deal before the current US House Speaker, John Boehner steps down for retirement starting this Friday, October 30th.
Starbucks introduces Frappula, the new Halloween-inspired Frappucino
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.
Latest News
Facebook announced a radical revamp on its iOS and Android mobile apps, especially on its notification feature. The new feature designed to provide users with useful notifications cards based on their location.
Qualcomm has created a new kind of chip, Snapdragon processor built into internet-connected security cameras. The company announced the chip along with a reference design for new home monitoring cameras, with the Qualcomm's chip at the core.
Ride sharing app Lyft has conquered Las Vegas as the car service is now available at the McCarran Airport. Hail as the first ride sharing car service to establish at the said new location, Lyft has snatched the first-based spot from their competitor, Uber.
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.
Microsoft, a software giant has started to see their new strategy focus is paying off, as they announced their latest quarterly result, last Thursday. Strategy shifting on cloud computing and mobile business has started to deliver a positive result.
Apple has enjoyed a series of advantages of their innovative mobile payment and digital wallet service with ApplePay. However, Apple and other technology companies which dominated the mobile payment service, is now facing a serious competition from one big financial institution, JPMorgan Chase.
Twitter CEO Jack Dorsey gives away a third of his stock in the online messaging service to employees. The move, seen by many as an effort to win staff support, comes just a week after Dorsey laid off more than 300 employees or 8% of Twitter's workforce to streamline the company.
Usage of marijuana has been doubled over the past years as laws and attitudes toward the drug dramatically transformed. Entrepreneurs of marijuana will choose their ambassadors to be users to relate the benefits of their products to customers.
Forecasts about price swings in Yen against the euro are becoming stronger as investors bet that Bank of Japan (BoJ) will also make dovish rhetoric to match European Central Bank (ECB).
