Whatever happened to Disney and Maker Studios $500M big deal?
Disney and Maker Studios collaboration is deemed unsuccessful due to clash between executives and corporate structure.
Aug 19, 2015 11:12 PM EDT
Amazon employees defends tribe from 'Purposeful Darwinism' culture story
While Amazon's boss Jeff Bezos ruled out the investigation report from The New York Times saying it doesn't describe the Amazon he knows, a majority of employees defended the company in various online forum. The fast growing online retailer Amazon has been receiving flak from some employees and has recently become the center of discussion in the media as its punishing work culture was put on the spotlight.
Toshiba wants new blood to lead its board; Interim president stays
Japanese major Toshiba Corp has reshuffled its board by inducting more outside directors, while retaining interim President on permanent basis. Toshiba has conveyed an extraordinary shareholders' meeting to seek approval for the board restructuring.
US drone flights to increase by 50% over next four years
The US military is boosting its capability to deal with growing global security threats by increasing the number of its drone flights. The expansion, which comes with increased capacity for lethal strikes, will unfold over the next four years.
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Starbucks to serve alcohol at 70 locations; Booze business will be in 2,000 locations within 5 years
Starbucks will now include alcohol in its menu in 70 of its locations nationwide. The coffee company will add booze in its menu in places such as New York, Miami, Denver, northern California, and Orlando.
Aug 19, 2015 2:43 AM EDT
Tianjin blasts estimated to $1.5 billion in insurance claims
Due to a chain reaction of explosion, China has now an estimated of $1.5 billion of insurance claims from individuals and different business sectors. The blast that killed hundreds, injured many and left other missing created great damage to the many establishments surrounding the area and polluted the air with toxic substances.
Aug 19, 2015 1:56 AM EDT
IRS releases additional statement on illegal access to taxpayer accounts
IRS repeatedly assures public that they're doing their best to protect the information on the 330,000 hacked taxpayers' account impressing the importance on the safety of taxpayers' information to them.
Aug 19, 2015 1:21 AM EDT
Project Sunroof: Google uses maps and weather history to help owners calculate solar power consumption
Carl Elkin introduces the Google Project Sunroof, it's a solar panel roof designed to help homeowners consume energy. The team uses maps and weather history to determine the amount of sunlight and how much people would consume.
Aug 19, 2015 1:13 AM EDT
Euro nations take a vote on Greece bailout ahead of crucial meetings
Many European nations are holding crucial meetings on the third round of bailout package to Greek. The Eurozone is divided over euro 86B package to the ailing Greece economy. A clear picture is likely to emerge after Wednesday.
Aug 19, 2015 1:05 AM EDT
Feds give Shell go signal to drill for oil in Arctic Ocean off Alaska
US federal government gives two thumbs up for Royal Dutch Shell to start drilling in the Arctic Ocean this summer.
Aug 19, 2015 12:57 AM EDT
Citigroup pays $180M over collapsed hedge funds, More than seven years after the financial crisis
Citigroup has agreed to pay almost $180 million to investors to settle allegations of making false representations on hedge funds that collapsed during the financial crisis.
Aug 18, 2015 11:42 PM EDT
IRS reveals cyberattacks on tax returns more extensive than previously reported
The IRS revealed Monday that hackers gained access to 330,000 accounts and tried to penetrate 280,000 other accounts. These numbers are twice as much as what was earlier reported in May.
Aug 18, 2015 10:49 PM EDT
FCC denies $3.3B subsidy claim of Dish Network
The Federal Communications Commission prohibits Dish Network Corp. from availing the $3.3 billion credit to get more airwaves through spectrum.
Aug 18, 2015 10:42 PM EDT
XYZ to host Google's Alphabet, Inc. but owner says the domain is not for sale
The 29-year-old owner of .xyz domain, Daniel Negari, was overwhelmed when he found out that Google will use xyz for its umbrella company, Alphabet Inc. But he told the reports it is not currently for sale.
Aug 18, 2015 7:39 AM EDT
Amazon CEO Jeff Bezos: Amazon is not a jungle
Jeff Bezos, the Amazon CEO counters the recent report appeared on the New York Times that Amazon is carrying out cruel practices to its employees.
Aug 18, 2015 7:36 AM EDT
Mixed news regarding the economy ultimately leads to rising U.S. stocks
Two market forces acting on opposite ends of the economy ultimately lead to rising U.S. stocks. The rate of manufacturing slowing down within the state has plunged to near historic levels while the world was caught by surprise as China's yuan was devalued last week.
Aug 18, 2015 7:32 AM EDT
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