News

Uber Expanding Its Flying Taxi Plans

Jeff Holden, head of projects for Uber, has announced that the company intends to add to its growing list of pilot cities for flying taxis. By 2020, the company hopes to launch the service in Dubai, Dallas-Fort Worth, and now Los Angeles. The updated plans were revealed during a speech at the Web Summit, held […]

Starbucks Opening New Bakeries In Reserve Roastery Locations

The newest menu items at Starbucks’ (NASDAQ:SBUX) Seattle Reserve Roastery location is freshly baked bread and focaccia sandwiches. Starbucks opened a high-end Italian Princi Bakery inside the location on Tuesday. The new offerings from the bakery include more than 100 menu items made from ingredients imported from Italy. Rocco Princi, founder of the bakery, opened […]

CME Group To Launch Bitcoin Futures

CME Group (NASDAQ:CME) has announced that it intends to launch bitcoin futures in the fourth quarter of 2017. Terry Duffy, CME Group Chairman and CEO, said, “Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract.” The goal is to provide a “regulated trading venue” for the […]

Sears Ends Partnership With Whirlpool

Sears Holdings Corp. (NASDAQ:SHLD) has announced that it will no longer be selling Whirlpool appliances. Sears told employees in a memo sent to stores last week. Sears is also pulling Whirlpool-made KitchenAid, Maytag and Jenn-Air products from its floor. The end of the Sears-Whirlpool partnership is effective immediately. The move comes after a pricing dispute […]

United Continental Holdings Shares Fall After Earnings Call

United Continental Holdings Inc. (NYSE:UAL) saw its shares fall steeply after its most recent conference call with analysts and investors. During its earnings call, company executives faced a firestorm of questions about the company’s performance. United has struggled to keep costs down and maintain its market share since its 2010 merger with Continental Airlines. On […]

Hundreds Of Tesla Workers Let Go

Palo Alto, Calif.-based Tesla (NASDAQ:TSLA) has reportedly fired hundreds of employees after what the company described as “an annual performance review” of its more than 33,000 employees. The firings reportedly included engineers, managers, salespeople and factory employees. According to reports, an estimated 400 to 700 people were dismissed this week, representing between 1 percent and […]

Google Launches New Tech Training Programs

Google announced a new $1 billion investment in nonprofit organizations to boost tech training programs over the next five years. The investment is being made under the “Grow With Google” initiative. According to company executives, the goal is to allow anyone with an internet connection to become proficient with technology. Google CEO Sundar Pichai believes […]

Coach Inc. Becomes Tapestry Inc. October 31

Iconic luxury handbag maker Coach Inc. (NYSE:COH) will be changing its corporate name to Tapestry Inc, at the end of October. When the name change goes into effect, the company will start trading under the ticker symbol “TPR” on the New York Stock Exchange. Its new website, tapestry.com, is already live. Tapestry will be the […]

Trump Reveals Harsh Conditions For DACA Deal

President Trump is demanding a long list of line immigration measures that in exchange for any deal to protect the young undocumented immigrants known as Dreamers. The Dreamers are comprised of roughly 800,000 young immigrants brought here illegally as children. The demands represented terms that hard-line conservatives have been pursuing for decades. Administration officials say […]

Get Ready For Flu Season With An Annual Flu Shot

Some health experts are predicting a bad flu season ahead. Cases of the flu are already being diagnosed across the country. Last year’s flu season peaked in December and then again in February. This year’s flu season appears to be starting even earlier. One of the best ways to avoid contracting the flu is to […]

Tesla’s Model 3 Production Misses Target

Tesla (NASDAQ:TSLA) has reported missing its production goal for the new Model 3 by a wide margin. The company only produced 260 Model 3 cars from late July through September 30. The company had set a goal of producing 1,500 units during the period. The Palo Alto, California-based company delivered just 220 Model 3 sedans […]

Ford Partners With Lyft On Self-Driving Service

Ford Motor Company (NYSE:F) has entered a partnership with Lyft to eventually use self-driving cars as a paid transportation service. Ford announced the partnership in a blog post. Sherif Marakby, Ford’s vice president for autonomous vehicles and electrification, said in the post that the service would be “capable of quickly dispatching a self-driving vehicle so […]

Ryanair Announces More Flight Cancellations

Ryanair (NASDAQ:RYAAY) has canceled flights for hundreds of thousands more customers due to a shortage of pilots. The company said it will cancel 18,000 flights scheduled between November and March. Ryanair previously said that it would cancel 40 to 50 flights a day up until the end of October. It also said it would temporarily […]

Uber May Lose London Operating License

Uber may not be allowed to operate in London in the future after its license renewal request was denied on Friday. The company’s license to operate in the British capital expires on Sept. 30. The company has called for talks with London’s transport regulator Transport for London to find a solution to the matter. Uber […]

Verizon Ending Service For Thousands Of Rural Customers

Verizon Communications (NYSE:VZ) is terminating the plans of 8,500 rural customers in 13 states over data usage. The customers are spread across Alaska, Idaho, Iowa, Indiana, Kentucky, Maine, Michigan, Missouri, Montana, North Carolina, Oklahoma, Utah, and Wisconsin. A Verizon spokesman said that seven of the states have less than 500 customers, while four states have […]

Equifax Under Fire For Linking To Fake Site

Equifax Inc. (NYSE:EFX) is under fire after it was found to be linking to a fake website as part of its efforts to inform consumers about a cyberattack the company disclosed in early September. As many as eight public tweets has sent potential victims to the same false address since September 9th. The tweets were […]

Northrop Grumman Announces Bid For Orbital ATK

U.S. defense contractor Northrop Grumman (NYSE:NOC) has announced plans to buy missile and rocket maker Orbital ATK (NYSE:OA) for about $7.8 billion in cash. Northrop will also assume $1.4 billion in Orbital’s net debt. Orbital ATK shareholders will receive $134.50 per share, a 22 percent premium to the company’s Friday closing price of $110.04. Orbital […]

Senator Warren Launches Bill Aimed At Equifax

U.S. Senator Elizabeth Warren, along with 11 other Democratic senators, has introduced a bill to allow consumers to freeze their credit for free after a massive data breach at Equifax. The proposed bill would stop companies like Equifax from charging consumers to freeze their credit files. However, with a Republican-controlled Congress, it will be a […]

Target Enters Price War With Amazon and Walmart

Earlier this year, Target (NYSE:TGT) announced to investors that it planned to lower prices to better compete with Walmart and Amazon. That plan is now in effect. In its blog post, Target said it has “lowered our prices on thousands of items, from cereal and paper towels to baby formula, razors, bath tissue and more.” […]

Data On 143 Million Americans Exposed In Equifax Hack

A major cybersecurity breach at credit reporting agency Equifax (NYSE:EFX) has exposed the sensitive personal data of up to 143 million Americans. The compromised information included Social Security numbers, birth dates driver’s licenses, and home addresses. The credit card numbers for 209,000 consumers and credit dispute documents for 182,000 others were also exposed in the […]

Nissan Shows Off New 2018 Leaf

Nissan just revealed its new Leaf model at extravagant ceremonies held in Tokyo and Las Vegas. The car goes on sale in early 2018. Nissan showed off red, white, and blue models during the events. The global unveiling was live streamed from Japan on a huge screen. The original Leaf was groundbreaking as a mass-market […]

United Technologies Announces Intention To Acquire Rockwell Collins

United Technologies Corp. has announced its intentions to buy aviation communications and electronics supplier Rockwell Collins Inc. for $23 billion in cash and stock. The acquisition, including debt, is valued at $30 billion. The acquisition would be the largest in aerospace history. UTC Chief Executive Gregory Hayes said, “The combination of Collins with our Aerospace […]

Best Buy Beats Estimates For Earnings And Sales

Best Buy Co. Inc. (NYSE:BBY) reported better-than-expected quarterly earnings and sales for the second quarter of its fiscal year. Best Buy earned $209 million in the quarter ended July 29, up 6 percent from $198 million in the same quarter of last year. On an adjusted basis, the company earned 69 cents per share in […]

New Drug Found For Fight Against Cardiovascular Disease

A drug that fights inflammation called canakinumab has been found in a study to reduce the risk of heart attacks and strokes in people who have already had one. Canakinumab is already marketed under the brand name Ilaris and has been approved to treat a type of juvenile rheumatoid arthritis and other rare disorders. The […]

Sears Trimming Its Store List Even Further

U.S. retailer Sears Holdings Corp. (NASDAQ:SHLD) is embarking on another round of store closures. The company announced it would close another 28 Kmart stores later this year. This is in addition to the 150 Sears and Kmart stores it already announced it was closing by the end of its third quarter. All of the stores […]

No U.S. County Will Be Without An ACA Insurer In 2018

It is official that Affordable Care Act plans will be sold in every part of the U.S. next year. About 20 Ohio counties could have been left without ACA coverage in 2018, according to the state, causing about 11,000 people to lose their coverage. The state’s insurance regulators have now found insurers to cover every […]

Mountaintop Mining Health Risk Review Halted By Interior Department

A scientific study into the public health risks of mountaintop-removal coal mining has been halted by the Interior Department. Officials in West Virginia asked the Obama administration to look into the health effects of mountaintop mining last year. Mountaintop mining has occurred on at least 500 Appalachian mountains. Mountaintop mining is a technique used to […]

Paris and Los Angeles Ready to Host Olympics

In all likelihood Paris and Los Angeles will get the 2024 and 2028 Summer Olympics. It is not clear however, which city will be given which year. On Tuesday, a vote is expected by the International Olympic Committee to break with its tradition and award two Olympic Games at the same time. Paris and Los […]

Approvals for New Drugs Drop to Low of Six Years

Last year was disappointing for new drug approvals as the United States Food and Drug Administration cleared only 22 new medications to be sold, the lowest number for the past six years and a sharp decrease from the 45 approved in 2015. The European Medicines Agency approved 81 new products that require prescriptions against 93 […]

World Governments Finally Vote To End Domestic Ivory Trade

World government officials met at a recent conservation conference in Hawaii to discuss the ending of the international ivory trade. The officials conducted quite a fierce debate at the Conservation of Nature World Congress, a 10-meeting of 9,000 people, in Honolulu, HI, earlier this month. It took the entire 10 days and, after heavy opposition […]

Brits Rushing to Apply for European Union Passports

Thousands of Britons are worried about losing access to the rest of the European Union and therefore are standing in long lines hoping get their EU passports from other countries that are in the 28-nation bloc. Embassy and consulate offices for Italy, Germany, Sweden, Hungary and Poland all have reported a surge in the interest […]

Christina Grimmie Shot and Killed at Her Concert

Christina Grimmie the 22-year old singer who appeared on the Voice was fatally shot. Her publicist told reporters that Grimmie has died after being shot following her concert. The shooting took place at the end of a concert in Orlando, Florida and she did not survive her wounds. Grimmie was a former contestant on the […]

Carnegie Mellon Researchers Turn Your Skin Into An Extension of Your Smartwatch

The Smartwatch is not, technically a new idea but the devices we have come to know now as wearable tech are certainly a refreshing concept. And while this industry is still relatively young, the technology is already growing at quite the rapid pace. And even though many people love the idea, smartwatches can be uncomfortably […]

U.S. Ready to Cut Slack to ZTE for Breaches of Sanctions

The Commerce Department in the U.S. this week should lift the export curbs that it imposed on ZTE Corp the Chinese smartphone and telecom equipment maker for its alleged violations of Iran sanctions. This relief would only be temporary and would be kept just if ZTE abides by the commitments to the U.S. government, according […]

Bristol-Myers Will Stop Paying Doctors for Speaking Fees in China

Bristol-Myers Squibb announced it would stop paying for speaking fees as well as sponsoring different medical association across China after it uncovered possible violations of its own policies, according to a leaked internal document. Karl Lintel, the President for Bristol Myers in China said that all promotional activities would stop immediately for the pharmaceutical giant, […]

Central Bank of China Cuts Ratio for Reserve Requirement

On Monday, the central bank of China reduced the cash amount that banks need to hold in reserve for the fifth time in just over a year, as its looks to revive its slowing economy. On Monday in a post on its website, the People’s Bank of China or PBOC announced that it was cutting […]

Scandal Hit Volkswagen Has Postponed Release of Earnings

Volkswagen the German carmaker said it postponed its release of its earnings for the full-year along with its annual meeting of shareholders due to the still unanswered questions about its scandal with diesel emissions. The carmaker announced on Friday it would release new dates for is earnings posting, formerly scheduled to take place on March […]

White House Announces $1.1 Billion Budget Proposal To Address Growing Opioid Abuse

It is no big secret that illicit drug use continues to plague communities throughout the United States. But while we move towards a better understanding of things like marijuana—which has been decriminalized all over the country—it appears that many more are struggling with opiate addiction. Of course, this has much to with the increase in […]

Theranos Inc Under Investigation for Device Deficiencies, Walgreens Partnership Could be In Jeopardy

Theranos Inc is a Silicon-Valley medical startup known mostly for its development of a simple, practical, painless blood tests that require only a finger price of blood to conduct various tests. They recently partnered with Walgreens Boots Alliance Inc to develop blood-drawing stations at Walgreens “wellness centers” across California and Arizona (for now). So far […]

America Export Ban of 40 Years for Oil May Be Lifted

The ban on exporting U.S. oil might be ending before its 40th year anniversary. There is a growing momentum to end this restriction and a deal might be reached prior to the end of this year as part of a wide reaching tax and spending bill that is making its way across Capitol Hill. Proponents […]

Magnitude 6.9 Earthquake Hits off Chile – No Damage Reported

A strong earthquake has struck in the Pacific off central Chile, but authorities say there are no reports of injuries or serious damage. The U.S. Geological Survey says the quake had a preliminary magnitude of 6.9 Tuesday night. It says the epicenter was about 54 miles (88 kilometers) northwest of the coastal city of Coquimbo […]

Skype Outage Angers Users Worldwide

A Skype outage has sparked outrage around the world, as users are unable to access many of the service’s features. Skype is a popular messaging app that provides Internet-calling, video and text service to users. Nearly 300 million people around the world use Skype to connect with family, friends, and business colleagues. Users have reported […]

Facebook Technology Will Deal with Illegal Video Posts

Web video creators have accused Facebook of not providing appropriate protection of videos being posted without proper permission. In response, Facebook is trying to deal with the issue by making it easier for the creator to keep content safe, especially in the event of a video going viral. Currently, two social media giants are battling […]

Amazon Launches Underground App

The Amazon Underground app for Android launched today. Amazon said it is offering $10,000 worth of apps and items for free through Underground. Users that want the app will have to download it directly from the Amazon Appstore, as Google Play does not currently support it. The apps and games on Underground are automatically available […]

Google Expected To Launch Android Pay This Week

Many are anticipating the long awaited U.S. launch of Android Pay by Google this week. Android Pay will give a large number of folks a new way to pay for things across the country. The new mobile payment system will allow people in the U.S. to pay for products in more than 700,000 retail locations […]

Apple Invention Shares Photos Automatically With Facial Recognition

In a new invention published Thursday by the United States Patent and Trademark Office, Apple outlines a special process for identifying individuals from a digital image by using techniques of facial recognition and then sends out a copy of the image to those people by using associated contact data pulled from an app such as […]

Facebook Intern Booted After Identifying Application Flaw

A student with Harvard University claims he lost his Facebook internship after he launched a browser application from his dorm, thereby exploiting major privacy flaws with the company’s mobile messenger. Aran Khanna, who is of Indian origin, stated to news reporters that after exposing a very serious flaw in Facebook’s messenger system, his chance of […]

USB Keys Used to Bolster Dropbox Security

In light of ongoing cyber threats, a number of companies are taking drastic measures to keep confidential information safe. For instance Dropbox has added support support for USB-based keys, thereby creating better security. With this, gaining access to an account will be extremely difficult. Known as Universal 2nd Factor or U2F, these security keys work […]

Chinese Messaging App Takes China by Storm

WeChat, an app, is taking the country over. Tencent, the China based company that owns WeChat reported earlier this year that its WeChat app that is just four years old, now has more than 549 million active monthly users. At the end of 2015, the company had reached 500 million, meaning the user base jumped […]

Lawsuit Alleges Wiretapping By Apple

A U.S. federal lawsuit alleges that Apple wiretapped users who switched from iPhones to Android phones. The lawsuit claims that Apple’s iMessage system prevented text messages sent from iPhones from being delivered to Android phones. The lawsuit also claims that iPhone texts are “illegally intercepted and interned by Apple” when sent to Android users and […]