Fox intends to sell its 39% holding in Sky to Comcast
2m ago
Daimler CEO Zetsche to be replaced in 2019

Daimler CEO Zetsche to be replaced in 2019

6h ago
Powertech to invest $1.68B in factory in Taiwan

Powertech to invest $1.68B in factory in Taiwan

9h ago
Amazon donates $1M to Wikipedia

Amazon donates $1M to Wikipedia

10h ago
Uber wins lawsuit over drivers' contractor status

Uber wins lawsuit over drivers' contractor status

15h ago
  • Snap head of communications to leave by end of 2018
    Snap head of communications to leave by end of 2018
    17h ago

    Snap Inc. communications chief Mary Ritti is planning to leave the company by the end of the year, the Financial Times reported. Ritti joined the social media giant as one of its first employees as vice-president of communications.

    ...
  • Nike reports 19% rise in EPS YoY at $0.69 in fiscal Q1
    Nike reports 19% rise in EPS YoY at $0.69 in fiscal Q1
    18h ago

    Nike, Inc. reported a 19% year over year rise in its earnings per share at $0.69 in the fiscal first quarter of 2019 on net income of $1.1 billion. In the update released on Tuesday, the company said revenues in the quarter ending August...

  • Google ends ban on cryptocurrency ads
    Google ends ban on cryptocurrency ads
    22h ago

    Google is reversing its ban on cryptocurrency advertising this October, CNBC reported on Tuesday. The American tech giant's ban on all cryptocurrency ads was first announced i...

  • Verizon offers severance packages to employees
    Verizon offers severance packages to employees
    9/25

    American telecommunications company Verizon Communications has offered early voluntary severance packages to its employees in an effort to reduce the size of its workforce, it was reported on Tuesday. The offer stands for all the employe...

  • Inspire Brands acquires Sonic Corp. for $2.3B
    Inspire Brands acquires Sonic Corp. for $2.3B
    9/25

    Multi-brand restaurant company Inspire Brands, Inc. acquired America's largest drive-in restaurant chain Sonic Corp for $2.3 billion, the two companies announced on Tuesday.

    Under the merger agreement, Inspire is to buy Sonic...

  • Qualcomm: Apple stole, gave chip secrets to Intel
    Qualcomm: Apple stole, gave chip secrets to Intel
    9/25

    Qualcomm Inc. accused Apple Inc. of stealing "vast swaths" of confidential information, alleging the tech giant passed on the secrets to Intel. According to a filling from the Superior Court of California seen by CNBC on Tuesda...

  • Michael Kors acquires Versace for $2.1B
    Michael Kors acquires Versace for $2.1B
    9/25

    New York City-based fashion company Michael Kors Holdings Ltd. announced on Tuesday that it will acquire the renowned Italian fashion firm Gianni Versace S.p.A. (Versace) for $2.1 billion. After the purchase is finalized, Michael Kors Ho...

  • Novartis announces job cuts in Switzerland, UK
    Novartis announces job cuts in Switzerland, UK
    9/25

    The Swiss-based pharmaceutical giant Novartis announced on Tuesday it will slash 1,700 jobs in Switzerland, as well as 400 positions in the United Kingdom as part of the company's global strategy to reduce production costs and increa...

  • Instagram cofounders Systrom, Krieger resign
    Instagram cofounders Systrom, Krieger resign
    9/25

    Eight years after establishing the company, which was sold to Facebook Inc., Kevin Systrom and Mike Krieger are departing. The social media empire payed $1 billion for Instagram in 2012.

    Systrom was focused on the product segment...

  • Boeing, Leonardo get order for US Air Force
    Boeing, Leonardo get order for US Air Force
    9/25

    Boeing Co. said its MH-139 helicopters, based on Leonardo SpA's AW139, would replace the UH-1N Hueys of the United States Air Force. The program for 84 units starts with four units and the Italian company will build them in Philadelp...

  • Tesla is making own car carriers to overcome glut
    Tesla is making own car carriers to overcome glut
    9/25

    Elon Musk, founder and chief executive of Tesla Inc., apologized to a driver of a Model S for the delay in the delivery of a new car and revealed the electric car maker is building car carriers.

    In Twitter correspondence, Chris B...

  • Walmart uses blockchain to prop up food safety
    Walmart uses blockchain to prop up food safety
    9/24

    The issue of food contamination prompted Walmart Inc. and its subsidiary Sam's West Inc., or Sam's Club, to adopt a digital system for tracking the origin. A blockchain project was launched, where suppliers of leafy greens such a...

  • Google unveils new search engine features
    Google unveils new search engine features
    9/24

    Google unveiled new features for its search engine on Monday, during a special event in San Francisco which marked the twentieth anniversary of the launch of Google Search. According to the tech giant, the search experience will be enhan...

  • UTC looking to sell Chubb for $3B - report
    UTC looking to sell Chubb for $3B - report
    9/24

    American manufacturing conglomerate United Technologies Corporation (UTC) is looking into selling its subsidiary Chubb Fire & Security, according to a report released on Monday.

    The sale is valued at approximately $3 billion,...

  • Snap, Amazon partner on product search
    Snap, Amazon partner on product search
    9/24

    Snapchat app will feature a new search tool allowing users to find products on Amazon, Snap Inc. announced on Monday. The new tool also provides for direct purchases through the social media app.

    "It's super easy to use....