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Manufacturing Woes Of Tesla Model 3 Increase As Production Halted Again

Manufacturing Woes Of Tesla Model 3 Increase As Production Halted Again

Doubts have been raised about Tesla following a temporary suspension of production of the Model 3 sedan thus signaling the electric car maker’s inability to reach targets with regards to vehicle output. The Model 3 is the mass market... 
Multiple Bids Received For Toys “R” Us’ Asian Business

Multiple Bids Received For Toys “R” Us’ Asian Business

A lawyer representing Toys “R” Us has disclosed that multiple bids for the toys retailer worth more than $1 billion have been received for its Asian business. The bids for the 85% interest the American toys retailer has in its... 
Walmart To Stock Soylent Meal Replacement Drinks And Powder

Walmart To Stock Soylent Meal Replacement Drinks And Powder

The manufacturer of Soylent, Rosa Foods, has disclosed that the meal replacement drink and powder will become available in about 450 Walmart outlets across the United States. This follows the retail expansion the company undertook... 
Sears To Sell 16 Stores In An Online Auction

Sears To Sell 16 Stores In An Online Auction

U.S. retailer Sears is disposing of 16 retail outlets in an auction that will be conducted online. This comes amidst efforts by the retailer to resurrect its operations following years of declines in sales. The retail outlets will... 
Airbus Experimenting With Relaxation And Sleeping Compartments In Cargo Area

Airbus Experimenting With Relaxation And Sleeping Compartments In Cargo Area

The biggest plane manufacturer in Europe, Airbus, has disclosed that it will convert aircraft cargo holds into relaxation and sleeping compartments for passengers. Airbus is working on the concept with aviation equipment supplier Zodiac... 
Trump Continues Twitter Attacks On Amazon

Trump Continues Twitter Attacks On Amazon

The Twitter attacks that President Donald Trump has waged against online retail giant Amazon have caused its stock price to fall. This is unprecedented since in the past presidents have rarely singled out specific companies. According... 
Supreme Court Asked To Drop Email Case Against Microsoft

Supreme Court Asked To Drop Email Case Against Microsoft

The U.S. Justice Department has asked the U.S. Supreme Court to drop the case against software maker Microsoft over the privacy of international data. According to the Justice Department the case has been rendered moot by a new law... 
Facebook Adds Safeguards In Order To Prevent User Data Abuse

Facebook Adds Safeguards In Order To Prevent User Data Abuse

Reports indicate that social media giant is adding safeguards aimed at preventing user data abuse following the Cambridge Analytica backlash. Some of the safeguards Facebook is introducing include a certification tool which will demand... 
GIF Search Startup Tenor To Be Acquired By Google

GIF Search Startup Tenor To Be Acquired By Google

Google is purchasing Tenor, a GIF images search platform as the tech giant moves to bolster search data besides offering advertisers an advertising format that is increasingly becoming popular. Terms of the deal were however not disclosed.... 
Walmart Replaces Alipay With Tencent’s Wechat In Western China

Walmart Replaces Alipay With Tencent’s Wechat In Western China

U.S. retailer has abandoned Alipay and instead opted for the mobile payments app of Tencent in Western China. This has been viewed as a blow to Alibaba as the Chinese online retail giant and Tencent are fighting for dominance in the... 
MuleSoft To Be Bought By Salesforce For $6.5 Billion

MuleSoft To Be Bought By Salesforce For $6.5 Billion

Salesforce has announced that it has reached an agreement to acquire Mulesoft. The deal places the value of MuleSoft at approximately $6.5 billion. Salesforce will pay a premium of 36% of the shares of MuleSoft. The deal is expected... 
Blackberry And Microsoft Ink Software Security Deal

Blackberry And Microsoft Ink Software Security Deal

Shares of BackBerry appreciated by 4% on Tuesday after the tech firm indicated that it would offer security to Microsoft’s Office software. The moves follows high-profile data breaches in the recent past and reflects an effort by... 
Wal-Mart To Expand Grocery Delivery To Over 100 Cities By Year End

Wal-Mart To Expand Grocery Delivery To Over 100 Cities By Year End

Wal-Mart announced recently that it’s planning to expand its online grocery delivery service to a fleet of about 1,000 stores to more than 100 cities across the US as a part of its strategy to outdo its rivals including Amazon in... 
Alibaba Invests $866 Million In Chinese Bike-Sharing Firm Ofo

Alibaba Invests $866 Million In Chinese Bike-Sharing Firm Ofo

Alibaba Group Holding Ltd has funded the Beijing-based-Bike-sharing firm Ofo with $866 million. According to Ofo, the amount raised is the largest amount that the bike-sharing start-up has ever made since its inception in 2014. Apart... 
Larry Page’s Air Taxi Firm To Launch Flying Cabs

Larry Page’s Air Taxi Firm To Launch Flying Cabs

Kitty Hawk, a flying taxi firm that is personally financed by the chief executive officer of Alphabet, Larry Page, has launched a commercial plane known as Cora. According to Kitty Hawk the flying car takes off like a chopper and then... 
Citigroup, BofA, And JPMorgan Lead Banks Invite More Banks In Thomson Reuters Deal

Citigroup, BofA, And JPMorgan Lead Banks Invite More Banks In Thomson Reuters Deal

About 21 banks are expected to participate in backing the acquisition of the financial and risk division of Thomson Reuters by private equity giant Blackstone Group. The PE firm requires approximately $13.5 billion in bond and loan... 
Nest Devices Will No Longer Be Sold On Amazon

Nest Devices Will No Longer Be Sold On Amazon

Reports indicate that online retail giant Amazon has indicated that it won’t stock any new Nest devices. The devices which are made by the smart home division of Google will cease being listed on the e-commerce platform once the... 
Alibaba Cloud Expands Its Offerings In Europe

Alibaba Cloud Expands Its Offerings In Europe

Chinese online retail giant has unveiled cloud computing products revolving around big data and artificial intelligence in Europe as it seeks to capture a bigger slice of a market that is dominated by Microsoft Azure and Amazon Web... 
Amazon And Bank Of America Partner To Lend To Merchants

Amazon And Bank Of America Partner To Lend To Merchants

Reports indicate that Amazon is partnering with a major bank with a view to growing its lending business, Amazon Lending, which mainly provides loans to suppliers of the online retail giant. According to the reports Amazon and Bank... 
Berkshire To Open A Specialty Insurance Business In Dubai

Berkshire To Open A Specialty Insurance Business In Dubai

Berkshire Hathaway has indicated that it is expanding its commercial insurance unit into the Middle East. The commercial insurance division of the conglomerate, Berkshire Hathaway Specialty Insurance, said in a statement that it would... 
Alibaba Acquires Stake In China’s Dalian Wanda Cinema Unit

Alibaba Acquires Stake In China’s Dalian Wanda Cinema Unit

Alibaba Group Holding Ltd announced that it has agreed to acquire a stake in China’s Dalian Wanda Group Company’s cinema operator unit for an investment totaling over $1.2 billion. Under the terms of the agreement, Alibaba would... 
Cabela’s Joins Mastercard’s Credit-Card Network From Visa

Cabela’s Joins Mastercard’s Credit-Card Network From Visa

Mastercard has announced that outdoor-goods retail firm Cabela’s has picked it as its credit-card network. This comes as big credit-card networks compete for high spenders by investing heavily in marketing travel co-brand programs... 
Virtual Telecom Operators To Be Granted Licenses In China

Virtual Telecom Operators To Be Granted Licenses In China

Reports indicate that virtual telecom operators will be issued with licenses in China as the country moves to open up the telecommunication sector. Currently the sector is dominated by China Telecom, China Unicom and China Mobile.... 
Music Streaming Royalty Rates Raised In The United States

Music Streaming Royalty Rates Raised In The United States

Copyright authorities in the United States have voted to raise the royalties that music streaming firms such as Apple Music and Spotify pay to music publishers and songwriters. Copyright Royalty Board issued a decision which made an... 
Apple’s Supplier Projects Lower Demand For High-End Chips

Apple’s Supplier Projects Lower Demand For High-End Chips

Contract manufacturer Taiwan Semiconductor Manufacturing Company (TMSC) has indicated that it expects the growth of smartphone shipments across the industry to grow at a level of between 1% and 3% this year. As a manufacturing partner... 
Monthly Fees For Amazon Prime Raised

Monthly Fees For Amazon Prime Raised

Online retail giant Amazon revealed last week that the monthly subscription to Prime membership had been increased by close to 20% thereby raising the fee to $12.99 from %10.99. For students the monthly increase is 18% as the Prime... 
EUR400 Million To Be Invested By Toyota In A Northern France Plant

EUR400 Million To Be Invested By Toyota In A Northern France Plant

Reports indicate that Japan’s giant automaker Toyota will invest approximately 400 million euros in a French plant located in Onnaing. The facility which is situated in northern France produces the Yaris subcompact model. Around... 
Citigroup Fined $70 Million Over Shortcomings In Anti-Money Laundering Policies

Citigroup Fined $70 Million Over Shortcomings In Anti-Money Laundering Policies

The OCC – Office of the Comptroller of the Currency has fined Citigroup over failures by the bank to meet regulatory requirements with regards to anti-money laundering policies. Citigroup will now have to pay a civil penalty totaling... 
U.S. Adds 148,000 Jobs During December

U.S. Adds 148,000 Jobs During December

On Friday, the U.S. Department of Labor released the figures for the monthly jobs report showing that in December 148,000 new jobs were added in the country marking the 87th straight month of job growth in the U.S. The average for... 
Battle Brewing As Fast Food Giants Launch Low-Priced Menu Items

Battle Brewing As Fast Food Giants Launch Low-Priced Menu Items

The fast-food wars are heating up as the giants in the industry are launching new low cost menu items. On Thursday, McDonald’s will roll out its new Dollar Menu, while Taco Bell has countered that by announcing Wednesday it would... 
Hyundai and Kia Predict Slow Recovery for Sales During 2018

Hyundai and Kia Predict Slow Recovery for Sales During 2018

On Tuesday, Hyundai Motor and Kia Motors in South Korea predicted a sales growth of 4% for 2018, suggesting that the slump tied to the company’s lack of offering SUVS in the U.S. plus diplomatic problems with China would be slow... 
Merry Munchie Meals Tested by Fast-Food Chain

Merry Munchie Meals Tested by Fast-Food Chain

Knowing that marijuana smokers get hunger pangs, one chain of fast food restaurants is looking at taking advantage of California starting the legalization of marijuana recreational use. Jack in the Box, based in San Diego, is planning... 
Claire’s Recalls Makeup Products After Asbestos Found

Claire’s Recalls Makeup Products After Asbestos Found

Claire’s, a nationwide retailer, has pulled 17 of its makeup products from the shelves after one mom discovered the products contained asbestos. Kristi Warner purchased one of Claire’s makeup kits for her daughter, who is six,... 
Oil Drops as Forties Pipeline Nearing Restart

Oil Drops as Forties Pipeline Nearing Restart

Oil moved lower approaching $65 per barrel Tuesday, but stayed within sight of its highest point since the middle of 2015, as the restart looms of an important oil pipeline in the North Sea that offset support from supply cuts led... 
Boeing Tries to Sooth Concerns in Brazil Over Approach of Embraer

Boeing Tries to Sooth Concerns in Brazil Over Approach of Embraer

Boeing sought to calm the concern Brazil had about a possible merger with Embraer SA after the Brazilian President Michel Temer along with other officials warned they would veto a bid for a full takeover for the jet maker. Temer did... 
Didi Chuxing Raises $4 Billion to Compete Globally with Uber

Didi Chuxing Raises $4 Billion to Compete Globally with Uber

Didi Chuxing Technology the ride-hailing company based in China said on Thursday it raised more than $4 billion that were destined for overseas expansion and areas like artificial intelligence, as it ratchets up its competition with... 
Greenyard Targeting U.S. Market in Acquisition Talks with Dole

Greenyard Targeting U.S. Market in Acquisition Talks with Dole

Belgium-based Greenyard NV the fresh and frozen food giant said Tuesday it was holding advanced talks to buy Dole Food Company, the largest producer of fruits and vegetables in the world. Dole, based in California, is one of the world’s... 
Tesla Responsible for Much of Slide in Home Solar Sales

Tesla Responsible for Much of Slide in Home Solar Sales

Following years of growth in the double digits, installations of home solar units in the U.S. will fall this year for the first time, according to a new report released this week by GTM Research. An analysis of data related to installations... 
Target Buying Shipt to Speed Up Delivery Service

Target Buying Shipt to Speed Up Delivery Service

Target has agreed to buy tech startup Shipt as it bids to become better with its same-day delivery to maintain pace with its biggest rivals. The retailer, looking to compete better with Walmart and Amazon said Wednesday it agreed to... 
Audi Will Not Sell Ducati Motorcycle Brand

Audi Will Not Sell Ducati Motorcycle Brand

Germany’s Audi abandoned plans it set in motion to sell Ducati its Italian motorcycle brand, said its CEO Rupert Stadler. The change of mind shows the confidence the carmaker has that it will carry the cost for its transformation. Steps... 
Boston Herald Sold to GateHouse Media After Filing Bankruptcy

Boston Herald Sold to GateHouse Media After Filing Bankruptcy

The Boston Herald has more than $31 million of debt and other obligations primarily in severance and pension obligations to employees, said the company in one of its court filings on Friday that detailed why it filed for bankruptcy... 
Chip Engineers from the U.S. Charged in Scheme to Steal

Chip Engineers from the U.S. Charged in Scheme to Steal

Four engineers who formerly worked for Applied Materials Inc. have been charged by officials in the U.S. with attempting to steal multiple chip designs from the semiconductor equipment company to sell to a startup from China. This... 
Cineworld Acquiring Regal in Theater Deal Worth $3.6 Billion

Cineworld Acquiring Regal in Theater Deal Worth $3.6 Billion

The Cineworld Group based in the UK agreed to acquire Regal Entertainment Group a theater operator based in the United States for $3.6 billion to move into the world’s largest movie market. The deal for $23 per share comes one week... 
Macy’s Hiring 7,000 Additional Holiday Temps

Macy’s Hiring 7,000 Additional Holiday Temps

After hiring less for this year’s holiday shopping season due to anticipating weaker holiday sales, Macy’s announced Friday it would hire 7,000 more temporary holiday workers citing higher shopper traffic thus far during the beginning... 
Clients at Massage Envy Spas Claim Sexual Abuse

Clients at Massage Envy Spas Claim Sexual Abuse

Over 180 people in different locations around the United States filed police reports, lawsuits for sexual assault, and other complaints of sexual misconduct against the Massage Envy Spas national company and its employees, shows a... 
Coupon Change at J.C. Penney Confuses Customers

Coupon Change at J.C. Penney Confuses Customers

For the last few years, plenty of shoppers have made department store giant J.C. Penney their first stop when shopping on Black Friday. The struggling retailer would typically hand out coupons as one entered its stores that would save... 
Tether Says $30 Million in Token Stolen by Hacker

Tether Says $30 Million in Token Stolen by Hacker

Tether, the business behind a cryptocurrency pegged to the U.S. dollar that is used widely in the market’s exchange trade, has claimed that it was hacked and over $30 million in tokens were stolen. In a post that appeared on its... 
Verizon and NFL Close to Making Announcement on Digital Streaming

Verizon and NFL Close to Making Announcement on Digital Streaming

Verizon Communications is closing in on a new deal for digital streaming rights with the National Football League that will enable the largest wireless carrier in the U.S. to deliver broadcasts of games to internet-connected tablets,... 
Mark Cuban: Investment is Impacted Little by Tax Rate

Mark Cuban: Investment is Impacted Little by Tax Rate

Potential presidential candidate and billionaire entrepreneur Mark Cuban has said that a cut in the corporate tax rate in the U.S. would have little or no effect on his decisions to invest. Measures before both the U.S. House of Representatives... 
J.C. Penny Becomes Retail’s Bright Spot

J.C. Penny Becomes Retail’s Bright Spot

J.C. Penny delivered encouraging news this week as it posted a strong rise in its sales at comparable stores. That reversed four consecutive quarters of declines. The department store chain posted a loss that was smaller than expected...