Ex-Hyundai CEO John Krafcik joins Google Self-Driving Car project as chief executive
John Krafcik, a former boss from Hyundai Motors, and the current president of TrueCar was hired by Google to serve as the company's CEO on its self-driving car project.
Sep 15, 2015 10:02 AM EDT
Nintendo named Tatsumi Kimishima as the new president
Nintendo had appointed a new president following the death of Satoru Iwata two months ago. It was unexpected that the company picked Tatsumi Kimishima from Nintendo's Human Resources Division. But Kimishima had served in various departments before he was appointed to the role.
BHS secures GBP 65M loan for a 2-year turnaround lifeline
The ailing BHS has secured a loan for its revival plan. It'll use the funds to strengthen business operations, open new stores and rebrand itself from BHS to British Home Stores. Recently BHS was sold to a group of financiers.
Oil Search Ltd rejects $8B takover offer by Woodside
Australian oil major Oil Search Ltd has rejected the $8B takeover bid from Woodside Petroleum. Oil Search's board viewed the takeover offer as low price translating into lower valuation of the company and it doesn't serve shareholders' interests.
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Airbus says U.S. factory will be world's most efficient
AIrbus will officially opened its $600 million plant in Mobile, Alabama. The plant will be the most efficient that the company ever build in an effort to rival Beoing production and growing their presence in the United States.
Sep 14, 2015 2:17 AM EDT
Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B
Vista Equity Partners together with Goldman Sachs and Koch Industries offers to buy Solera Holdings Inc for a total of $6.5 billion including net debt. The deal will also see Vista buying the company's share at $55.85 per share in cash making it as the biggest acquisition for the firm.
Sep 14, 2015 2:03 AM EDT
Cage-free eggs for McDonald's in a decade
In about 10 years, consumers of McDonald's will eat eggs lain by free-roaming chickens. This is good news for hens and animal welfare groups but will costs more to egg suppliers.
Sep 14, 2015 1:56 AM EDT
Twitter's Periscope adds landscape mode, broadcast options and Facebook sharing
Twitter's live streaming app, Periscope, updates its features. That includes broadcasting in the landscape mode, broadcast privacy options and Facebook sharing.
Sep 14, 2015 1:47 AM EDT
Stephen Colbert's The Late Show interview with Uber CEO interrupted by cabbie protesters
Stephen Colbert's The Late Night Show interview with Uber CEO Travis Kalanick was interrupted when two cabbies yell at the audience protesting how the CEO is killing the taxi industry.
Sep 14, 2015 1:38 AM EDT
Serbia cuts rates for 2nd time this month
Serbian's central bank slashed interest rate for the second month in a row. Though it was on expected line, but the suddent announcement surprised everyone. The move aimed at strengthening economy growth. the GDP growth rate is at low ebb, but it's recovering from the previous year's contraction.
Sep 14, 2015 1:35 AM EDT
Jeff Bezo's space firm joins Lockheed-Boeing rocket venture
Lockheed-Boeing joint venture, United Launch Alliance is planning to expands their partnership with Blue Origin. The news comes in as Aerojet Rocketdyne Holdings offer a cash bid of $2 billion to buy the venture.
Sep 14, 2015 1:32 AM EDT
Alpine Valley Bread will become a subsidiary of Flowers Foods Inc.
The organic bread maker, Alpine Valley Bread will soon become a subsidiary of Flowers Foods Inc. once the transaction becomes completed in Q4. Alpine was established in the late 1990's by the Woods family baking breads using all-natural ingredients.
Sep 11, 2015 9:14 AM EDT
Toyota suspends production at three Japan plants due to heavy rains
Toyota announced the company will suspend its day production in three plants located in Miyagi until further notice, as a safety precaution. Japan have been hit by flood after Typhoon Etau hits the country.
Sep 11, 2015 9:06 AM EDT
T-Mobile's New $20-a-month iPhone 6S Deal Defeats Apple's Own Rate; Offer Deemed Too Good to be True
T-Mobile’s Jump on Demand plan shines like a good deal but only for T-Mobile loyals, according to several expert opinions.
Sep 11, 2015 8:59 AM EDT
Czech Inflation Slows by 0.3 percent as Central Bankers Plans on Price Growth
The Czech inflation rate dropped to 0.3 percent in August, from July’s 0.5 percent, as reported by Czech Statistical Office Wednesday.
Sep 11, 2015 8:52 AM EDT
Avon to raise funds via PE, stake sale; stock turns volatile
The US-based beauty products company Avon is making every effort turn it around. To raise the funds, the company is tapping PE route in addition to exploring stake sale. After the fund raising news hit the market, shares become highly volatile on NYSE.
Sep 11, 2015 8:47 AM EDT
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