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Scott Walker approves $250M Bucks Arena

Wisconsin Governor Scott Walker signs the bill that will allow $250 million in public money to fund the new arena for Milwaukee Bucks. The rest of the money will come from Edens-Lasry and former owner Herb Kohl.

Aug 14, 2015 4:25 AM EDT


AT&T counting on DirecTV, expansion in Mexico for topline, bottomline growth

After the acquisition of DirecTV, the US wireless carrier AT&T is aiming to achieve double digit growth rate during the rest of 2015 and continue to grow throught 2018. AT&T plans expansion in Latin America.

Aug 13, 2015 11:31 PM EDT


An Apple at Work: Apple's Mobile Mobility Program wants iPad to be the preferred work tool

Apple has entered into a partnership with several tech companies in order to integrate the iPad into more workplaces.

Aug 13, 2015 11:21 PM EDT


Bumble Bee Foods to pay $6M in fees for horrific death of worker

Bumble Bee agrees to pay $6 millions in fees for the horrific death of an employee in 2012. Three years ago, Jose Melena, 62, was burned alive inside the Bumble Bee Foods industrial oven.

Aug 13, 2015 10:42 PM EDT


Ohm Battery promises peace of mind by solving key problem areas in car battery technology

A next-generation car battery is in development that could solve several issues related to modern car batteries.

Aug 13, 2015 4:51 AM EDT


Legionnaire's Bacteria Forced GSK to Stop North Carolina Plant Operation

GlaxoSmithKline closes it North Carolina plant due to a Legionella bacteria's discovery in the cooling tanks of Zebulon plant after routine inspections. It will resume operation after the problem has been solved and confirms no expectation of a disrupt in medicine supply.

Aug 13, 2015 4:35 AM EDT


Ford Targets Emerging Markets with Frugal India Build, In a Bid to Compete With its Rivals in 5th Largest Auto Market

Using India-based engineering, Ford aims to penetrate the India market in a bid to compete against its Asian rival auto companies that are outselling them in the arena.

Aug 13, 2015 4:16 AM EDT


Kraft Heinz terminates 2,500 jobs in the U.S. and Canada to save costs

Kraft Heinz is cutting 2,500 jobs around the United States and Canada. Seven hundred of it will include its labor force in Northfield, Illinois.

Aug 13, 2015 4:14 AM EDT


Starbucks and 28 other US companies to create jobs for disconnected youth

More than two dozen companies in the US join Starbucks in assuring Americans to create 100,000 jobs for the unemployed youth by 2018.

Aug 13, 2015 3:46 AM EDT


General Electric to sell Healthcare Financial Services biz to Capital One for $9bn

GE has decided to sell its healthcare financial business unit to Capital One for $9bn. This is part of its business plan to offload $100-bn worth assets by 2015 end. GE to remain focused on its core business operations.

Aug 13, 2015 3:03 AM EDT


Verizon develops technology making Internet 1,000 times faster

Good news for movie buffs. Verizon has successfully tested a new broadband technology allowing users to download a movie in a matter of seconds.

Aug 13, 2015 2:43 AM EDT


Analysts bet on Macy's, Alibaba, Cisco and News Corp; quarter earnings to be announced

Macy's, News Corp, Alibaba and Cisco are scheduled to report their quarterly revenue on Wednesday. Analysts are eyeing the movement of four companies in the stock market.

Aug 13, 2015 2:00 AM EDT