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Decline in revenues forces Caterpillar Inc to cut 475 jobs further

Caterpillar Inc has decided to further reduce its employess by 475 following decline in revenues. The sluggishness in global construction and mining sectors is impacting the heavy machinery manufacturer's performance.

Aug 28, 2015 8:02 AM EDT


Intel invested $60M to develop drones with Yuneec International

Intel, the semiconductor company invested $60M to China-based drone manufacturer, Yuneec International. The partnership aims to revolutionize the industry by using UAV to provide services.

Aug 28, 2015 7:59 AM EDT


Panasonic prioritizes electric car batteries over lithium-ion batteries

Panasonic stops its Beijing lithium-ion battery operation to give way to the manufacture of higher-margin products such as electric car batteries for Tesla Motors. The move is all about global trends and to increase sales.

Aug 28, 2015 7:58 AM EDT


1 billion people on a single day: Facebook sets new record

Facebook has set a new record in online users as it registered one billion people accdesing its website on a single day.

Aug 28, 2015 5:19 AM EDT


McDonald's rejects Burger King's McWhopper peace deal

McDonald's had declined the proposal of Burger King to team up for a cause. Burger King is hoping to unite the country's two favorites and best-loved burgers producing a hybrid peace-loving McWhopper even for just a day.

Aug 28, 2015 5:17 AM EDT


Accenture enhances parental benefits for US and Canadian parents

Accenture announces enhancements in their parental leave benefits. The enhanced parental benefits include giving both men and women the chance to work locally after the birth or adoption of their child.

Aug 28, 2015 5:14 AM EDT


Sephora’s peace offering to disappointed customers: $50 gift code

Sephora hosted an event that left customers frustrated, resulting to mass returns of items. Previously, Sephora organized an Epic Rewards Day where their clients can exchange their rewards points for some really good stuff such as a trip to Lancome Paris.

Aug 28, 2015 5:03 AM EDT


Coursera raises $50M for expansion in China and India

Coursera raises funds for global expansion. Coursera, the world's leading online education provider, announced that it raised almost $50 million in funding for their expansion plans to China, the Americas and India.

Aug 28, 2015 5:01 AM EDT


Angry Birds maker to cut workforce by 39%

Angry Birds maker Rovio is laying off more than a third of its workforce as it struggles to come out with new hit games. Having suffered losses in its merchandise business, the Finnish company says it needs to cut redundancies to focus on divisions that make more cash.

Aug 28, 2015 4:34 AM EDT


Goldman Sachs is hiring in Poland

Goldman Sachs is hiring more people for its technology unit in Poland as the Eastern European country offers affordable business environemnt. The US bank will recruit several hundres of people over next three years.

Aug 28, 2015 4:33 AM EDT


Oshkosh wins $6.75B defense contract to build Humvee replacement

Oshkosh wins bid to manufacture JLTVs for $6.75B. The US Department of Defense has been looking for a replacement of the Humvee a short time after the war in Iraq became deadly in 2004.

Aug 28, 2015 4:30 AM EDT


Floyd Mayweather’s latest car costs only $4.8M

Floyd Mayweather, one of the flashiest athletes in the world, shows off his latest addition to his car collection.

Aug 28, 2015 4:26 AM EDT